Market is so ugly that you just want to get out now. I cant endorse that here. Up. 20 . Id be lying if i told you i feel great about this market. Especially, the forecast. Ever going to get those. Lets start with what i think is the real elephant in the room. Lets talk about the bond market. At its power bleeds into the stock market every day, and has been a bleeding in a bad way. How does it do that . When the government sells bills, notes, and bonds to pay for the deficit it weighs on everything. Considering the gigantic sideshow that could hurt your portfolio. You got to use 44 billion, sevenyear bond auction thats tomorrow. On top of todays 70 billion dollar five year note auction. Especially, on top of the 69 billion sale. Talk about cash is rook. Its gotten so compelling to so many people. But, they want to buy some of these bonds. Which means they often need to sell stock in order to swap out of that and into the bond market. You need a lot of ponders to come in, and by these bo
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said, we think policy is well positioned to handle the risks
Scooped all the bears. Thats where our road map begins this morning. The inflation picture, of course, is what were talking about. Weve got wholesale prices increasing less than expected, as jim just said. Two banks also lowering their rate cut expectations. Thats off of yesterdays cpi news. Were keeping an eye on big tech as well. Nvidia shares, theyre bouncing ahead of the open. Jpmorgan, lowering its apple price target, and you just heard from amazons andy jassy, saying so many Different Things, including the fact that hes committed to costcutting while investing in a. I. Plenty of other stocks to track this morning. Nike, airbnb, chevron, occidental. Well go through all the upgrades and downgrades. Lets get to the Broader Market here. First, lets get a reaction to ppi after yesterdays selloff on the cpi. There was a lot to like. I think theres a lot of confusion about these numbers. I find that whats happened is that yesterday, there were a lot of mistakes in the data. What do you
Companies and brought to you today wii your cable or satellite provider. Now its a look at the future of the work force. The ceos of the markell foundation and seamans usa talk about the importance of technical training. This is about 50 minutes. Good morning. Im sorry we are starting this a little bit late. We just had a lively discussion with secretary perez. And so were a bit delayed here. But this discussion this morning is no less important, maybe more important, maybe just as important as the headache discussion that we just came from. This morning we are very lucky to have two amazing leaders with us, judy marks from seamans thank you for joining us and zoey baird for the markell foundation. This is an issue near and dear to the hearts of every governor whos here and every governor in the 50 states mainly because as we were just talking about we governors have an insebtive to get this right. The employers in our states are counting on us to figure out how to deliver them a train
Companies and brought to you today wii your cable or satellite provider. Now its a look at the future of the work force. The ceos of the markell foundation and seamans usa talk about the importance of technical training. This is about 50 minutes. Good morning. Im sorry we are starting this a little bit late. We just had a lively discussion with secretary perez. And so were a bit delayed here. But this discussion this morning is no less important, maybe more important, maybe just as important as the headache discussion that we just came from. This morning we are very lucky to have two amazing leaders with us, judy marks from seamans thank you for joining us and zoey baird for the markell foundation. This is an issue near and dear to the hearts of every governor whos here and every governor in the 50 states mainly because as we were just talking about we governors have an insebtive to get this right. The employers in our states are counting on us to figure out how to deliver them a train