Its pretty weak overall. You look under the hood, theres the picture from the three sectors i mentioned. Financials, theyre lower too as they get ready to kick off earnings season. Citi, jpmorgan, wells fargo, all of that before the bell. Tech, well, it was one of the only decent spots today. Even it has rolled over. We show you the tech xlk etf. The nasdaq performing better lately and still on track for a relatively strong week, can tech alone carry the market higher into the end of the year as it did for the First Six Months of 2023. Lets ask someone who count thes several tech names of top holdings. With us today at post 9, joe terranova, joe a cnbc contributor. Its good to have you both with us. Amy first, were still worried about rates, obviously. Weak auction, cpi, ppi, both a little hotter than expected. How do you see it . Yeah, i think, you know, the market is obviously on its toes. Youve got higher for longer. Thats the bottom message. Youve also got a number of market dynami
Australia. We are counting down to asias major market opens. The top stories this hour. U. S. Stocks rise at fed speak. Oil holds on fears of an expanding middle east conflicts. Haidi Benjamin Netanyahu says retaliation has only started against hamas, who says they are prepared to kill hostages. Shery but also facing criticism. We saw the s p 500 gain ground today, everything earlier losses. We did get a couple of fed speakers suggesting a more cautious policy approach given the high treasury yields perceived as more dovish so we had u. S. Stocks gaining ground in todays session despite the water risk of sentiment. We also will have cash markets not open today because of the u. S. Holiday. European rates also railing. Expect to see cash trading resume in the asia session in a couple of hours so we could expect yields to slump. Meantime, oil prices continuing to rally at one point in the new york session getting more than 5 . We are still at the 86 barrels 86 per barrel level. Take a lo
Gets a win with tech. Trouble in the csuite as paramounts executive is looking for the exit it is monday, april 29th, 2024 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Live from cnbc london. We kick off the check of the futures with the nasdaq and s p coming off the best week since november we are in the green across the board. It looks like the dow would open 60 points higher a bit off the highs of early this morning you see they are in the green this morning huge gains in tech and Communications Thanks to alphabet stocks with earnings last week. The Company Opening with the market cap above 2 trillion for the first time ever. Shares are pulling back this morning. We are checking the nasdaq 100 premarket gainers look at the stocks that are gaining in the premarket. We are seeing give us a second to pull those up. Tesla at the top of the list after striking the deal in china. Shares up 6. 5 that is followed by apple. Reporting earnings th
More than 500 of them are children. The occupying regime of quds systematically every year manand tries between 500 and 700 palestinian children in military courts. The website of the ministry of roads of the zionist regime was hacked. After hacking this base, a hacker group warned the zionists that there is no safe place for them and that revenge is on the way. Yesterday, the zionist newspaper announced that after breaking into israels Sensitive Information bases, hackers attempted to steal and publish the information of these bases. In this hacker attack, thousands of confidential documents from the ministry of war of the zionist regime were leaked. These hackers managed to penetrate the system of the ministry of justice. And the Nuclear Facilities of dimona have also become. After a few days have passed since the defensive and retaliatory action of the Islamic Revolutionary guard corps of iran against the zionist regime, the people in all parts of our country continue to express the
Whether it will go up or down, what it will look like, i cant comment much , as a supervisor of the Capital Market, i have to follow up on these issues that i mentioned. The issues that are actually operationalized by legislative Decision Makers or executive bodies and they should follow up from here, now the result. They say that it has not increased that fast, because of this, the net profit of the companies that the net profit margin of the companies in 2019 was 34 in the last quarter that we calculated from Manufacturing Companies to it has decreased by 13 and this has prevented the increase in prices to some extent, which means that the value of the companies is not proportional to their profitability. The amount of investment that is made in companies now is not proportional to their profitability and this profitability is not the answer to that investment. What will be the result of this if we continue in this way , there will be no new investment in this industry, which means t