Was purposely weakening the euro today. And we continue to see euro strength relative to dollar weakness. Draghiat is not what wants, he defined as not want a stronger euro at this point. And he was pushing back against the president. European equities going nowhere in a hurry today. The volume is actually reasonably ok. Some of the defensive names being sold off today, and you are also seeing something of a selloff when it comes to the bond markets. A little bit former come up by three basis points on the german tenyear. Today, just firming up a little happenswe wait what with the fed a little later on. ,he turkish lira, there were real weaknesses within earlier as there was talk of increasing sanctions on ankara as a result of the potential decision by the country to buy the s400 Missile System from russia. That really got the. Markets. Of the the dollar weakness has crept into the story and now, that is feeding on the turkish lira. Let us talk about the fed. As you say, taylor, it i
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
We are live in beijing with the fallout. And how meta is planning to keep folks using the platform longer here is a hint artificial intelligence. It is tuesday, august 1st, 2023. You are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets kickoff with the new month of trading with the check on u. S. Stock futures taking a look right now. Lower across the board all three indices at the lows of the premarket it is early. The dow looks to open 88 points lower. This after stocks locked in a month of solid gains with the s p and nasdaq capping off five straight winning months. Longest such win streak since 2021 when it comes to yeartodate, the yousuperlatives get better. The strongest gain in the first rece seven months of the year for the s p. For the nasdaq, look further back up 37 y year to date the best since 1975. Big gains so far a lot of history made this market year. We are looking at the bond market the 10year treasury benchma
Strong session. That sector going for its seventh straight day of gains. The only other areas with some green on the board kind of feels a little suspect as this last hour begins, well keep our eyes focused there as well. It takes us to our talk of the tape. Is the markets uncanny resiliency throughout much of 2023 a sign of whats to come in the months ahead or just too much to maintain. Lets ask eric johnston, hes made his case on this show that stocks are due for a big drop, and on the other side, nfjs john mowry who argued investors have been too negative. Both joining me live. Its good to have you both. Eric, youre here next to me. Ill come to you first. Why do you remain negative on this market as we make the turn into the fall . Yeah, so there remain significant headwinds that are in front of us, and i think looking forward. So i think if we look at a few different things, number one, this is a late cycle economy. Weve looked back and i would define the cycle by Unemployment Rate
Maria good monday morning everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is monday, may 20th, breaking news right now, you 6 00 a. M. On the east coast. The president of iran, its foreign minister and two other top officials in iran have been killed after a Helicopter Crash in northern iran, everything you need to know this morning about this breaking news. Meanwhile, on wall street, futures in the green, kicking off a new week ahead of another major week for earnings the dow jones showing a gain of 9 points, nasdaq up 36, s p higher by 6 andahalf. Retailers target, lowes and macys all out this morning with earnings and the big event of the week, nvidia, earnings on wednesday. We will preview the numbers, break down where investors are putting their money this morning. Commodities on the move, the price of oil this morning on the breaking news out of iran, as you can see, oil this morning is actually pulling back. The price of oil of right now on brent is