U. S. Equities will open higher 183 points higher. Nasdaq opening 107 points higher s p looking to open 25 points higher treasury yields sitting at 4. 011. The 2year treasury at 4. 79. We were down five of six days in the s p that is the case sdplchlt to see th z to see the markets showing the cp oi print. You think the mood is a mini bear i do totally. People are looking at this and the question is not a break in the trend, but how much of a break . Let me take cash off the table. I have been waiting so long. I dont mean the rally is over we were talking to different people 10 pullback would be healthy. Down 2 or 3 from the highs, yeah i thought it was tom lee who was talking about that 100point week now more choppy. I wonder if were in the chop. I think we might be. We have the key inflation data due at 8 30 a. M july cpi expected to rise. 20 on the month and 3. 3 for the headline for the year. We also have my personal favorite with jobless claims. Why is that your personal favorite
Sticks around. I, john. Yeah, its a nice way close out the week. We are looking at a dry day both today and tomorrow behind me, you got the Golden Gate Bridge with a few clouds, little bit of a breeze. But most importantly, very dry this morning, looking at the embarcadero right now, very similar. Some passing clouds out there currently little bit of a breeze. Nothing much to note this morning as that rain and snow has moved out into the desert and leaving us with some nice, dry, cool, sinking air this morning. That is resulting in a little spot of fog trying to form out to the Central Valley hasnt been super successful in doing so. We stay dry today and tomorrow. I do want to note saturday morning chance of some brief showers, the nword right back out for the rest of saturday into early sunday. Temperatures in the 40s to 50s. Currently it is a cool start. So dont forget the jackets. If youre getting out there, we will warm up into the 60s later on today and with the increased sunshine
A debate. Joe bidens agenda is more spending, more debt, more inflation, more crime and more illegal immigration. America is exceptional, and we are strong and resilient, and we will survive the horrific term of president joe biden. And we will retire him this november. This is the same time where dhs is going to capitol hill and saying we dont have enough money to do our mission p yet they have found 3 million or more somewhere in that their budget to spend on protecting the secretary. Joe biden is asking for another 4year term starting at 82 years old. If he wants to be the exception to the rule here, he needs to prove that. Nothing to do, its up to you. Ive got nothing to say, but its okay stuart i love that song. Finish look at that. New york city, midtown the manhattan. I say this almost every single day, its deserted. Okay, or stuart, move on. 11 00 eastern time. Yes, it is. Thursday, march the 7th, 2024. On the market, solid gain. Dows up 200, nasdaqs up 175. I think the s p hit
Lauren goodwin, senior director of multiasset mfrl strategy. Lauren, good to see you. Good to be here thanks for having me, mike want to go back to just about a month ago right before the previous cpi report, right july 12th. The s p 500 within 1 of where it is right now and the 10year treasury yield at 4 where it is right now. When we got it, it was a bit of a kickstart for the late july rally and now weve given it back what is the status right now in your mind of the landing and the economic scenario and how much of that the market can benefit from or potentially have the market learned pretty good information from the last Inflation Report from june that we saw in july which was the disinflationary process has moved from an early stage to a more stable one and that is one where the fed is not done hiking and investors can be excited about the potential for a soft landing. I think its a little bit of a false start because until unemployment claims start durably rising, that narrative
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