It is tuesday, june 18th Worldwide Exchange begins right now. Welcome to the show. Welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us. Two major market stories developing at this hour. Futures are higher right now nothing seems to hold this market down. Dow futures up 74. All as the fed kicks off a twoday meeting today. Tomorrow we get the decision on Interest Rates Pay Attention to this. I know its wonkky. The yield on the german tenyear note our tenyear note is yielding 2. 5 . Their tenyear note is yielding negative 0. 29 with this press conference from the ecb, we saw the yield on the tenyear bund in germany continue to fall you are paying to borrow money its an incredible story there well have more on these big stories coming up. First we have to get to europe we have breaking news there on facebook the social network revealing its cryptocurrency ambitions lets get to Julia Boorstin in cannes, france with more facebook announcing a new D
Conflict and future of doing business in israel. And later, in the show, the rate shock remains real for many in housing. It is tuesday, october 10th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Well mcccome to worldwide exch im frank holland. We check on the u. S. Futures after the positive move from wall street. We are seeing green across the board. Dow would open up 75 points higher and nasdaq and s p would open up. 25 . Among the drivers is energy on the heels of the move higher in oil and the best day since april. You see here the Energy Sector moving 3. 5 higher. Halliburton and marathon ending the day up more than 6 . This morning, you can see the premarket with marathon uu is up. 50 . We will continue to watch these stocks. Defensives off a banner day with the etf with the best session since november of 2020. Leaders include northrop up 3. 25 higher. Looking at defense stocks in the premarket, kratos defense is up 1 . The rest of the basket is moving h
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Great to have you with us lets look in on the market picture. Another roller coaster ride yesterday. Two days ago we had a 1,000 point swing from low to high yesterday about a 500point swing on the dow we were down 130 at the open the session high was 381 points. We sold off into the close and finished basically flat for the dow. The s p was down 0. 5 . Nasdaq down about 1 the week to date results are down about 2. 5 , 3 , not that bad with the huge declines earlier in the week. The dow did lose 4 last week as well this morning its calmer were down, but only by 96 points the nasdaq is down 16. The s p down 12 points lets look at the treasury yield curve. We did see yields pick up yesterday. We were nicely above the 2. 8 level, 2. 84 were near that high of 2. 85 we touched late on friday it will be a big test for the markets to see if yields continue their rise, if we get more o
Join us here brian levit with Oppenheimer Funds and and evan klein top with charles schwab. Is that the tradable bottom, the collection we were waiting for i suspect it was generally in line with what has happened over the last 30 years, the times when youve seen Interest Rates move up. Typically, the move in rates is around 80 to 100 basis points. It usually happens around 80 to 100 days and the average corrections around 10 . Usually what you see in the 12 months after that are positive returns on market, so i suspect it is the Global Economy looks good, inflation is, despite all the warnings, peoples concerns, is not escalating significantly, so i do think that was a turning point for the market. Yeah, doesnt seem like there was a lot of concern about the numbers that we saw out of the cpi yesterday. Jeff, how long can we watch equities move higher as rates also tick higher at what point does that begin to break apart . You know, i dont think theres a particular point at which it br
Assembly general tomorrow. Throughout the week we will bring you interviews with newsmakers throughout new york with the Bloomberg Global business forum. Lets start with President Trumps visit to the United Nations. Lets start with kevin cirilli. What does the president need to do here . During campaigning, he said the United Nations was no friend to the United States. President trump is going to have to walk a political tightrope as he criticized the United Nations during the campaign and tried to rally support in the International Community to address north korea. North korea will be sitting in the front row. This comes at a time when nikki haley has sought to work with the chinese and russians in building a coalition to pressure north korea to dismantle nuclear ambitions. David is there anything specific he is asking for on sanctions . Kevin i think in terms of where this goes, it is in the energy sector. Further isolating north korea from International Trade partners, china being t