The dow and the s p 500 finished the day higher, af rel for investors who were searching for answers after yesterdays big selloff. Trade pushed stocks lower and then higher asd money rus into the bond market yields fell and stocks followed. At one point the yield on the tenyear treasury dipped below 1. 5 . Thats the first time that has happened since 2016. The yield on the 30year hit a recobu low, again, that didnt last. Yields rose in an unusually harp way and stocks swung wit them. Here is where the major averages closed on the trading day. O theu joins industrial daerage rose about 100 points, the n fell 7 and the s p 500 added 7. Bob pisani takes a look at the strange day. Reporter stock went for another wild ride with the dow swinging all day. We saw risk actions first on a number of back andand forth u. S. china trade headlines. As yields fell further to multiyear lows. A member of the European Central bank said the ecb was setting the stage for an aggressive rate cut in septembe
Forward and this time at the most profitable u. S. Factory. It is thursday, october 12th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start off the hour with the check of u. S. Stock futures. You see here in the green across the board. The dow would open up 100 points higher. As always, we say its early. Dow and s p and nasdaq riding a fo fourday win streak and helping to drive the gains is big tech. Meta at a 22month high. Up more than 9 since the first alphabet sitting at the 18month high. That is up 8 . Nvidia and tesla and apple up this month. Apple up 5. 3 . Shaking off the pressure that we saw the stock under in recent weeks. All this could change as soon as today as investors await the cpi september report. Economists are expecting prices to rise 3. 6 year over year. A decline from last month. Excluding food and energy, core cpi, economists are expecting a 4. 3 gain year on year which is slightly dow
Today. And someone investors believe a lot. Jeremy siegel calling for dow 20,000, sounding a cautious note despite the big rally. Find out why. Exclusive interview with him coming up. And can we get to his target . Twitter, by the way, have you seen that . Up 8. 5 right now, popping on news of more insider buying. Plus this partnership with the Company Announced this morning with the nfl. Is this the comeback that the beatendown stock has been waiting for . We have both sides of that were bringing back an analyst we had on last week who was skeptical about twitter. Shares hovering around the 30 a share mark. And shake shack will report its latest Earnings Report. Its the third time reporting since going public. The first two reports missed wall street estimates. Well bring you the numbers and tell you what it means for the restaurant space coming up. And this stock is up more than 200 since its ipo. And they only have 30 stories 71 around the world. 40 in the united states. Still, not
Fury from President Trump. He threatened to totally destroyed, those were his words. Totally destroy north korea in his first address before the United Nations general assembly. He talked about the rocket man on a Suicide Mission for himself and his regime that has the world paying attention. Adam shapiro has the latest fireworks from the u. N. Former defense official Peter Brookes whether trumps Crystal Clear threat is likely to bring rocket man kim jongun to the negotiating table, or, push his Nuclear Trigger finger. The president also making his positions clear on immigration but the eyebrow queen of Beverly Hills would never have been able to build a multimilliondollar beauty empire that employs hundreds of americans if the borders had been slammed shut to her years ago. Well talk to her about exclusively about immigration, eyebrows, and entrepreneurs. No jitters, dow, s p, and nasdaq on record pace for for record closes. Less than an hour before the closing bell. Lets start the co
Responding to the speech and the president s critics in just a moment. Plus Hurricane Maria now a monster storm, barrels up on an already battered caribbean. Puerto rico declaring a state of emergency. It may get a cat 5 hit. Governor warning her impact will devastate most of the island. He will join us live. And Senate Republicans said to be making progress on a new bill to repeal and replace obamacare, but will they get the votes this time . They have less than two weeks to figure it all out. A live update from capitol hill. Melissa all right, six in a row. The dows record streak continues. Nicole petallides watching the action on the floor of the new york stock exchange, and stocks going nowhere but up despite the president s strong words against north korea, huh, nicole . Reporter absolutely right, melissa. Tough talk from our president at the United Nations, and stock market continues tos upside. Record not only for the Dow Jones Industrial average but also for the s p 500 and the