Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largecap s p 500 index. Well put a star right there right now. At one point, it was as high as 5156. Its currently up 1 . The dow is the laggard on the day, just up maybe 1 3 of 1 , 120 points to the upside, 38,781. But the real outperformer is the tech heavier nasdaq. Not a record yet, but darn close. Its up roughly 1. 5 , 231 points to the upside. 16,262 the last trade there. Meanwhile, check out some of the earnings movers. A check on the consumer economy. Supermarket giant kroger, you can see here
Rink. Rivian revved up after its big reveal. Tim seymour, dan nathan and guy adami with us. President biden expected to announce a slew of policy proposals on the agenda, a call to increase the minimum Corporate Tax rate to 28 and the rate and taxes on buybacks and crackdown on junk fees from credit cards to airline and shrinkflation. A proposed 10,000 tax credit for firsttime home buyers in an attempt to boost the Housing Market. Could that actually heat up that market . Lets bring in diana olick diving into this one. Diana . Melissa, Housing Affordability is still near a record low. Just 38 of both new and existing homes sold in the Fourth Quarter of last year were affordable to families earning the Median Income which is the 96,300. Home prices in january also hit another record high and showed the biggest annual gain in a year, so the Biden Administration is unveiling a plan to tackle Home Affordability and first theyre urging congress to pass a 10,000 firsttime home buyer tax cred
We have thetake away. The tesla tumble as a new stock takes its place. Getting set for the final jobs report before the next policy decision. The key demographic driving the higher trends. Its friday, march 8th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thanks for being with us. We will get you ready for the trading day ahead. We check the u. S. Stock futures with the s p coming offanother record close. Futures are green across the board. Dow opening 20 points higher. The nasdaq moving higher right now up over. 30 in the premarket. We are looking at the gainers on the s p after yesterdays record close. Take a look. A very big concentration on tech. Nvidia at the top up 3 in the premarket. Intel and micron in the list. Adobe down here as well. Also this morning, we are seeing 81 s p stocks trading at 52week or alltime highs. The highs are broad based across industrials and materials and more. We are checking the bond mark
Were always keeping an eye on tech. For example, apple share, can they stem what has been a sevenday slide . Chip stocks, though, continue to outperform. And the other big story, that weight loss boom and novo nordisk overtakes the market. Market reaction to the jobs number, not just the headline and the unemployment at 3. 9 but revisions taking about a third away the last couple of months. I think those of us who are used to the precision of Artificial Intelligence and generative a. I. Are just in shock that there could be a number thats this far off. This is the kind of thing that jensen huang could solve with his eyes closed. Why its so important, this takes away what was the hot number that made us a great threat and took away a spring rate cut. 3. 9. We know they remind me of the dow jones average. Very interesting headline, but its not really whats at the guts of this, but in a political year, what that says is, hey, look, the economy is slowing and maybe the fed should have pres
Investment in chinese technology. Later on, renting in manhattan just got a lot more expensive. Its thursday, august 10th, 2023 you are watch wiing Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im dominic chu in for Frank Holland this morning lets kickoff the morning with the down day for the stock market s p is implied higher 24 points. Dow jones industrial average is 17 177. Investors are geeg gearing up for the latest read at 8 30 a. M. For consumer prices. The estimates right now are for 3. 3 gain year over year after the 3 gain for the july cpi checking on the bond market with the cpi print. Benchmark yields are rising. 10year treasury is 4. 018 2year treasury at 4. 811 . In energy, energy could be a key driver of the inflation story this time around you see wti crude at 84. 65. That is up. 30 . Ice brent crude futures at 87. 85 nat gas prices which were on a tear yesterday, is flat today. Time for the mornings big money mover. That is disney Silvana