President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
Rising in yield, around five basis points. 4. 1522 is your spot. Oil adding . 72 a barrel to 83. 52. What are you watching . Jon the bullish commentary from the iea which is helping oil and energy stocks. You have seen green in things like also dental. But you do have the underlying we this in technology and heavyweights like nvidia now under pressure for the first day in a row. Then we have corporate stories we continue to track. Ubs is moving away from Government Support as part of the Credit Suisse after transaction which has sat well with investors globally with ubs at this hour of 5 . Now, we talked about the big deal between espn and 10 and penn. They shifted from barstool. David portnoy will be taking over again. Matt interesting move as well as ubs. Lets switch to hawaii. Rescue crews and aid on the way to lahaina, hawaii where wildfires killed at least 55 people and 7000 people remain unaccounted for. Lets bring in the associated administrative constructor. First of all, what
Im not sure i know this. Lauren a little girly for you. Stuart unwritten by natasha benefield. Stuart because the training, what does that have to do with it. Get me out of this, 10 00 oclock eastern were to go to the money the dow is up to 50, the nasdaq has turned south. The bottom righthand corner the dow 30, there is only three losers, 27 winners, three losers what a situation of the nasdaq is down the ten year treasury yield that was close to 4 408 as we speak up four basis points, the price of oil on the upside dragging gasoline prices up, 81 a barrel that is an elevated price, bitcoin not much actually 28981. That is the markets and now t this. I was up early sunday morning eager to see the u. S. Womens team in a vital world cup game with sweden. , from the start was embarrassment not the quality of play the politics, frankly it made me angry. Before the game the teams lined up for the National Anthem, the sweden went first, all smiles, all of them singing, the americans, six di
Here is your inflation headline. Prices of the consumer level went up 3. 2 , that means inflation is picking up after a long period of decline. Investors were expecting a bigger number so the market is taking it rather well. Inflation the way, up in ame america, in china its deflation, prices down. Lucas dextran a strong prefer the numbers were released and Even Stronger no. The doubt up maybe 200 points, s p 33, nasdaq up 160 points. Then disney lost 512 million and its streaming business, 11 million subscribers lost. Stock is up because its raising prices and disney 10. 99 to 13. 99. Stock is up dollar 81. Treasury yields from a ten year was up 4 before Inflation Numbers, now its come down to 3. 98. To you around 484 inflation and now its down to 476. Politics, President Biden . Peter doocy denies talking business with his son, hunter. I knew youd have a lousy question, he said. A harvard law professor writing in the New York Times the prosecution of them may have terrible consequenc
Will have an exclusive conversation with spotify se integrate Ai Technology into its product. Lets get straight to our top stories. Stability ai is confronting executive departures, struggling to raise funds and an accusation it has not paid its bill in time. After breakout success the start of faces mounting risks to its edge in the booming field of generative ai. The reporters who broke that story, they join me now. What were the main takeaways that we learned in the course of our reporting . Rachel we spent several months looking into the story and speaking to people including the person behind and accompany that came out of nowhere. Has the ceo that tends to make loose guided comments about things that have not happened yet and the Company Seems disorganized thought disorganized i would say. Ed what put stability on the map, the Stable Diffusion model, what is that a basic terms . Rachel its an image generation ai model. You type in a few words and it will give you back an image or