Lets talk about the markets. We are up about 8 . Stocks falling back to 64, spot 24 is where we are trading right now. What is driving that . Luxuries. I would argue china is one of the biggest effects on what is happening in europe today. Maybe more so than what is happening as a result of the cpr cpi we saw. Lvmh is up by 3. 5 . China is going to allow tour groups once again to visit the u. K. For, france, italy, you name it. As a result, luxury stocks will benefit. That is a big pickup. You can see the benefit in the stock it the engineering giant, there are issues with the digital business, but china is another factor. China boosting lvmh, china hitting siemens. You can see the share price reaction and both of those stories. China as ever continues to be a large factor for your. Lvmh is up and siemens is down by five. That is what we experience. Manufacturing versus services. You go buy a bag. You dont spend money on manufacturing. S p is up by. 7 . We are fading the rally. We are
Challenge for boeing. The clock is ticking on tiktok as the senate prepares to take up the bill to ban the app. It is tuesday, april 23rd, 2024. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Thank you for being with us. Lets kickoff the u. S. Stock futures. In the green across the board. It looks like the dow would open up higher. The nasdaq is the best performer in the premarket. The s p and nasdaq snapping the sixday losing streaks. The key to the Market Action today is the flurry of earnings from gm and u. P. S. And Lockheed Martin and pepsi and many others. Tesla reports after the bell today as the Company Faces pressure with the store hovering at the lowest level. Year to date, down 40 . We will have more on tesla coming up. We are checking the bond market as investors watch for several reports this week, including the fed preferred inflation gauge pce. We are looking at yields ahead of that at 4. 63 for the tenyear yield. Still tra
Good morning welcome to Worldwide Exchange on cnbc. Im seema mody in for sara eisen. Im dominic chu in for wilfred frost. A lot of Christmas Music throughout the course of todays show if you like it, youll love it if not, bear with us even though im not a fan, this is a classic. It is a great song. We have quite a few things that could be driving the trading action looking at the u. S. Futures picture, were seeing stable markets. Weve seen this theme developing, we have not seen major moves in the premarket futures at least ahead of the opening bell right now the s p 500 looking like it will open up by 4 points the dow up by 19 the nasdaq up by 5 as for the treasury yield side of thing, the tenyear note yield is falling a bit we saw that 2 1 2 mark yesterday. About 2. 48 there. The run up in yields is pulling back just a bit in this early friday trade lets look at asia and how stocks closed there for the week the japanese nikkei did end the week higher. Hang seng higher by 0. 7 shangha
Along. There was a reaction yesterday to the fed raising rates in what scarlet is calling a dovish height. A dovish hike. Reaction, but today we see a little bit of a downturn in major averages. Stocks back to their holding pattern. 105 sessions know without a drop of at least 1 in the s p 500. Gopro is moving sharply higher after the company unveiled another round of job cuts. Fulltime and open positions are being cut. The company says it will be cutting expenses. Analysts largely positive, but they still wonder where the growth will come from for the company. Gopro shares up 13 . They are listing fitbit, as well. We are also watching momentum stocks, including tesla. The companys elon musk says he needs to raise about 1. 50 1 million more to bring the more affordable model 3 to market he needs to raise about 1. 51 million more. You normally see a drop and chairs, but because this raise was smaller than projected, we as somees jump, even analysts say the company will still need to rai
Along. There was a reaction yesterday to the fed raising rates in what scarlet is calling a dovish height. A dovish hike. Reaction, but today we see a little bit of a downturn in major averages. Stocks back to their holding pattern. 105 sessions know without a drop of at least 1 in the s p 500. Gopro is moving sharply higher after the company unveiled another round of job cuts. Fulltime and open positions are being cut. The company says it will be cutting expenses. Analysts largely positive, but they still wonder where the growth will come from for the company. Gopro shares up 13 . They are listing fitbit, as well. We are also watching momentum stocks, including tesla. The companys elon musk says he needs to raise about 1. 50 1 million more to bring the more affordable model 3 to market he needs to raise about 1. 51 million more. You normally see a drop and chairs, but because this raise was smaller than projected, we as somees jump, even analysts say the company will still need to rai