Ed we have for earnings coverage and sitdown theses of fisker. Shares are plunging and the survival is in doubt. Caroline we take you we get the takeaways from the mobile congress in where is apple . Lets check in on these markets. A new day, newmont and we are all about technology investing. We are up on the back of the nasdaq. Singable back on the 10year note, down seven basis points. Are we seeing a little bit of weakness in Consumer Sentiment . Some Economic Data today shows maybe we wont see the Federal Reserve having to pause on cutting focus. It isnt just the u. S. Rise in terms of equities. We have seen europe at a new record high. A new record high as well. China did well, some of the Economic Data still showing contraction but not as bad as had been expected. We are up. 5 . Global stocks, a new day of a new month. Look what is happening in the world of crypto. We are still managing to push onto 61,000 level. A little bit lower on friday but it has been a stellar week for this
Clawing back. And nvidia is bouncing after lossing 13 last week. Theres the stock up nearly 5 right now. Meta, microsoft, alphabet all higher as well as we enter the final stretch. The first of the megacap names to report. Yields are steady. Thats been the case of late. Looking at the ten year, 4. 62. The pce report coming on friday and thats looming especially large given the backup in Interest Rates. It takes us to our talk of the tape. Where is the next move for psps stocks likely to be after the end of the week. Lets ask gabrielle santos. What do you think about this week, last week was rough. Do you think the worse is behind us . I think there are two separate things going on. The first was the initial macro driven correction we saw in stocks that affected a multitude of sectors related to Interest Rate volatility related to inflation, expectations overshooting. Related to the move higher in oil and the dollar. I think early signs that that one has run its course if you look at fe
Test. Test. Test. Youve said that Silicon Valley is actively hostile to diversity. How has that not affected the way that things work at slack . A sort of blind admissions test you do up front or has it affected . Its the intentionality that people at flak from stewart has. We have conversations at flak ive never had any other place how were doing hiring and who were hiring and we could care less if you went to cal, stanford, san jose state or university of miami. We dont care. We want you to work at these companies and we dont care about that and i think that has been a huge part. What has also been a huge part, once you start at a very early age and very early element in your company, it makes it easier because youre not stopping from way back. Google, twitter, thousands of employees and so far behind and then they have reputations. People walk in and they dont see anybody that looks like themfthem f why would they want to work there . How does one solve that problem . Because things
And so cold. Meanwhile jeff bezos is at amazon selling 7 million worth of his shares. That stock has reached a 3 trillion market kapp. Were going to have a stock brawl on what to do with amazon coming up. Everybody loves to debate amazon. Then theres the jobs report coming in this morning coming in below expectations. Does this guarantee a summer without a rate hike. Thats also coming up. But lets start, though, with the nasdaq on pace for its first threeweek losing streak since midjanuary. Bertha coombs running down some of the biggest losers for us, bertha. One of the biggest losers is apple as well as nasdaq has come off the lows. Take a look at apple trading low. Weve gotten a bit of a lift this afternoon as we receive a little bit of buying come in on facebook, amazon, and netflix. The usual fang names have been Holding Things up, but that move on apple, down for three weeks in a row, is really part of what is causing that downward plunge on the nasdaq. But a small cap here today
Eastern time and mario draghi will hold a News Conference at 8 30 eastern time. The euro we saw 1. 5 yesterday. It bounced higher at 1162 and european stocks at least at this early hour they are relatively flat at this point the dow futures are up by 35 points. Nasdaq up by 3. The ecb is the talk of the down here in davos. Larry summers, and Goldman Sacks gary cowen all sitting on stage together. Expectations of a Bond Buying Program in europe already had an effect. She points to currency and where the euro is now countries around the world are already engaged in a currency war in an effort to boost growth. Press andrew is supposed to give a press conference later today about the sex scandal hes involved in. This is what people are really talking about here. We were 100 billion a month qe. At one point, yeah. Theyre doing 50 billion euros. That was money at one time. What was that . Probably 63 or something . Yeah among the biggest questions in europe right now is the fate of greece lo