Sonali coming up. Consumer confidence starts to break. Inflation expectations stay high. That is all as investors await cpi data just days away. We begin with the big issue. The fed confidence to cut with messy Economic Data. The fed is looking closely at the data. It is looking at the totality of the data. Wage growth is sticky. The fed is likely going to take a to the economy. I think later this year, we will get our first cut. If they dont cut in september, likely to cut in december. The first in september, another in december. We are looking at an inflection point. I think hes looking for a reason. It is rare the fed would intervene before november. Will he remain patient through the election . Theres a question of will inflation be enough by then . Coming in hopefully moving in the direction we want to see both on inflation, in terms of restoring balance to the economy. Sonali we are looking at a doubleedged sword. U. S. Consumer sentiment declined in early may to a sixmonth low.
Apple is looking at anpology after social media outrage. One china ev maker with the sector wide crackdown. From his its friday, may 10th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. We are coming to you live from cnbc london for the last day thank you for being with us today and the entire time we have been here in london we will kickoff the hour with the positive session of stocks yesterday. Look at futures in the green across the board the dow would open up 125 points higher ahead of the open, the dow is riding a sevensession win streak we are checking the bond market with the tenyear yield falling below 4. 5 following the stronger than expected initial claims data. The benchmark at 4. 44 the twoyear note at 4. 81 the Energy Market shows oil below 80 a barrel wti trading at 79. 60. Brent crude is up. 13 thats the set up. We turn our attention back to london were at alltime highs with the uk growth. Silvia amaro is here w
Jonathan krinsky, the path of least resistance, new highs. Are you on that page, too . Im on that page for now for sure after powells dovish comments, and i said this last week or the week before, after the market sold off a little bit, whats going on here . He put a flurry into the market and said no more rate increases. So if you were worried about that, thats off the table now what was jomo turned into fomo the joy of missing out as the market was declining has turned into the fear of missing out genl thats the narrative thats been constant for the last year, i think it is, and im the longest ive been in memory, actually, and its not because my memory is short, as youre about to say. Im glad you said it. Our viewers were thinking it im glad you confirmed it. I wanted to get that out there. I think moderation is in order here i actually think Inflation Numbers will be weaker tuesday and wednesday. Youre longer the market now than you can remember being . Yes, correct. Wow even in the
Surveillance on tv and radio alongside Lisa Abramowicz im jonathan ferro. Your equity market positive by 0. 2 on the s p come on a threeday winning streak on the s p 500. If you want to focus on the data, the week starts today. Lisa ppi today ahead of cpi tomorrow. Its interesting whether the Economic Data is what is driving gains we are seeing in stocks in frank the in bonds was arguably which is arguably what is leading stocks. Whether it is haven trade or listening to the fed speak or just a blowoff of the tough we saw last week. Lisa we talked a lot about it jonathan we talked a lot about in the past when he four hours. The fed is comfortable with the market doing the work for them and the work the market is not doing the work for them. Lisa nikki bowman later this morning. Even the hawkish talk seems to be dampening the tone a little bit basically saying maybe one more hike is needed but softening the tone around the edges, it seems like everybody has been taken off guard with the
Tel aviv. Despite the massive runup in yields, why one huge part of the investment is sitting ontown sidelines. Well tell you why that could be changing. Its wednesday, october 11th, 2023, and youre watching Worldwide Exchange right here on cnbc. Good morning. Im frank holland. Lets take a look at stock futures. It looks like the dow would open up about 50 points higher. The s p and nasdaq solidly in the green. This follows a mostly higher session for stocksy ed that saw the russell 2000 post its fifth positive session in a row. Thats the first time it did that since july. You can see right here up almost 1 year to date. But important to note, theyre also belo e their 250day moving average. Were checking the bond market with the 10year coming off its lowest close since september. 4. 56. This is well below its yearhigh that it reached earlier this month. Important to note the 30year bond, a big indicator on Inflation Expectations and also Investor Confidence well off of its highs. It hi