Ago. Volatility cooling but the day is not over. Treasury market is with the bigger action has been. We saw that to your auction can in at a lower yield than the previous auction, a sign of demand. Twoyear up at 5. 08. You are watching the curve invert just a bit more. We are keeping an eye on those differentials. Jon earnings stories, we are kneedeep in them today, and doing a few key component. The dow a shining star on the market after that company got better than expected results, verizon as well. The perfect picture looking good. Ge jet engine business performing right now. Lets look at some of the other components of the dow that have been moving higher today. 3m, a company that had shown some struggles, but the outlook pleasing the market. Some cost is help the bottom line. Shares up. The Pricing Power at cocacola, it is an uncertain environment when it comes to consumer demand but coco flexes some muscle. Market responding with shares up about 2. 5 . Sonali the future Investmen
Top stories, you 6 00 a. M. On the east coast. Today, tensions hitting new highs, 1400 israelis are dead, 4700 palestinians are dead as the war in israel enters day 17, hamas releasing two american hostages and they say theyll release two more but israel says the terrorist group is holding more people than previously thought. We understand you now it is 222 hostages. Meanwhile, Chinese State media says the Naval Command has been deployed to the middle east. As for President Biden, hes back on the beach, everything you need to know all morning long. Markets this morning are selling off this morning, take a look at futures, a triple digit decline ahead of a major week of earnings and economic data, dow jones down 211, nasdaq down 121, s p 500 lower by 30. We are waiting on the first read of Third Quarter gdp out on thursday, the september pce index out on friday. Earnings will drive the action ahead of all of that. Investors still closely watching the bond market and spiking Interest Rat
Crew touching 95 a barrel. 4. 6427 is the new cycle high. Tom this thursday is more tumultuous than monday through wednesday. An equity pop at the back end and we are short covered. And the optimist will be here with us in a little bit. You have to reset and recalibrate. There was a moment yesterday and let me get out the surveillance mouse and tell you that we had a 2. 30 10 year real yields. I did not frame that six months ago. Jonathan the equity market is kind of a snooze. Bond market huge moves. Fx one point four briefly against the dollar. The dollaryen getting closer to 150. Lisa that is exactly the right observation. Why are stocks so subtle and why are they not responding to the markets. Is there just simply a paralysis, or this is forced selling for funds that do not have a big position. At this point are we looking at some unraveling that is gaining steam that nobody wants to get in the way of. Tom i am going to when mike mckeen gives us the gdp blah blah blah, but there is
The euro stocks. Gold not catching that much of a oilin the commodity rout in david at 8 00 a. M. Eastern time, european leaders begin a twoday summit in brussels. They will discuss security, defense, migration and jobs. At 8 30, we get data for jobless claims in the United States. Powell speaksme on fostering Economic Growth. Later today, the Federal Reserve releases the results of part one of its annual Bank Stress Test coul. Jon Prime Minister may is set to meet eu leaders in brussels for the First Time Since her disastrous election. Expected to outline how britain will treat eu citizens after it leaves the block. Walk us through the orchestrated theater of this particular summit. At this summit, they will be talking about a lot of issues that wont be the main focus. Security obviously is a huge issue for the eu. They are all waiting for theresa may to propose exactly how she plans to deal with eu citizens that live in the you can post march of 2019 the u. K. 2019. Rked of 20 march
The u. S. Trading day. Julie hyman is tracking the allout from the surprisingly hawkish fed minutes yesterday. Julie but we are having a delayed reaction. Yesterday, stocks came down afterward but finished little changed. Also, as we hear from other fed members who have been making comments this morning, saving to support again that june is on the table, july could be on the table. , s p, and nasdaq are all trading lower, up off the lows to some extent today. Yet, when you look around at other markets, they are not necessarily supporting this narrative. You could look at the twoyear as well as the 10year, and yields are actually lower, which is not what people would take if. Nterest rates are going higher im looking at world bonds and twoyour notes around the globe. The u. S. And canada at the top. As you go down, that blue column, you see a lot of negative numbers, so you are not getting yield elsewhere. The yield still at least relatively by comparison looks attractive. Also look at