Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
Steven mnuchin steps in for new york bancorp. And boeing having issues are regulators over the door plug blowout. Its thursday, march 7th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. We get you ready for the trading day ahead. The major averaging snapped a threeday leez losing streak. This action in the premarket after we heard from jay powell saying he continues to expect Interest Rates to come down this year, but not ready to say when yet. It will depend on the path of the economy. Our focus is on maximum employment and price stability and the incoming data as you look at the outlook. We checkfor treasuries. We continue to watch yields throughout the hour. We are watching the Energy Market and oil with wti hovering close to 80 a barrel. Tensions in the middle east continue to rise after the Houthi Missile attack yesterday that killed three on the cargo ship in the gulf of aden. Take a look at
For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we
Maria good wednesday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo. It is wednesday, februa february 28th. Your top stories right now 6 00 a. M. On the east coast. He blowout in michigan, President Trump handily beating nikki haley last night in the gop primary, picking up 12 delegates. President biden also winning his primary but the uncommitted voice making its presence known. Weve got the latest coming up. Look at markets, looking at a potential decline at the start of trading, futures in the red ahead of key Economic Data this morning, dow industrials right now down 126, nasdaq down 84, s p 500 down 18. The second read of Fourth Quarter gdp out this morning at 8 30 a. M. Eastern ahead of the federal reserves preferred read on inflation, the pce index out tomorrow morning. European markets are mixed, the ft 100 negative down 53, cabbinc quarante down 8. In asia markets finished mostly lower. The one bright spot was korea, up 1 , chan shanghai c
bill? neil, good afternoon to you. this week alone here in brownsville, thousands upon thousands of people crossed illegally. as a result of that border patrol here over capacity and they have been conducting mass releases. take a look at this video. a few hours ago in downtown brownsville, migrants walking around a bus terminal. some carrying folders with their dhs paperwork. there s an ngo that helps these migrants out with their travel documents. a lot of them are venezuelans. we caught up with one venezuelan man that was released this morning. here s what he had to say. title 42 ended yesterday. in my message, it doesn t matter. you can make it to the u.s. last night as the click hit midnight, title 42 expired, we were with a grouped of four gop senators that were getting a tour from the border patrol union. they had said there was an expectation that there were 22,000 people across the river getting ready to cross the river. that did not end up happening. the senat