Money. Well go right to the boards today and show you a sea of red. Dow is down 600 points s p 500 down about 3 . Nasdaq, technology has been, as you know, a bright spot of late but thats selling off harder today. Nasdaq down about 300 points all right rob, good to see you, beard and all. Here we are in different place than we were on march 20th when you spoke about the pessimism being palpable in the market that we were in panic mode, as you said almost speaking that things needed to turn in a more positive way nonetheless, josh brown, ill come to you. The point i was going to make is there was a point in time where pessimism was palpable now were at a different place we have come a long way. The second day into this week well have our back to back down days if this holds today how should we be thinking about stocks here . Im glad you cut to me. Robs beard looks like it sold some kids fake id in an alley somewhere. Lets talk about that palpable sense of optimism. People that changed t
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
That is up just a tick. Still well below the 6, 7 high point in june 2022. The threeyear ticking up 0. 2 to 2. 3 . That is below the 4 high we had there. What hasnt moved is the fiveyear, it actually came down. I think thats probably the one between the three and the fiveyear is the one the fed follows most carefully with concern about expectations. Some other things, expected price decline for college, gas, medical care and rent, i would have thought gas would have gone up and driven the thing higher. It did not. Expectations for food prices surged 0. 3 Percentage Points to 5. 6 year over year. Americans grew more confident in their job market possibilities, concerned about losing their job declined. Confidence in finding a new job if they left, that increased. But there were concerns about missing debt payment. In fact, that gauge reached the highest level since may 2020. To the comments of atlanta fed raphael bostic, he said he was the first one and only one to use that phrase suffi
Rishaad looking at the state of the markets, in flux in this part of the world. On wall street, equities ending a winning streak, and this time we cant point the finger at the bond market. Earnings are the primary culprit this time around. A major blow as it has really had some missteps taking on amazon. Haidi a pretty mixed picture going into the proper asian trading session that is underway. We are still watching the bond market. A huge week as u. S. Markets came back from president s day. We had a round of treasury auctions. Take a look at this chart. Pretty staidlly a session. 2. 9 ,year hitting about inching closer to 3 . Twoyear, twomonth and threemonth, they went up to rates we havent seen since 2008. Something of a litmus test in terms of how quickly and how disruptively these yields could rise. It is not how high the yields will go, but how quickly the bond markets will selloff, that will have implications. We will have that 30 minutes away from the open in hong kong. Singapor
Missing about the mood in crude oil and it could have huge implications for your portfolio. Hell be here to break it down first, one huge move in the markets today, thats in Health Care Stocks. The sector hitting another alltime high for a second consecutive day after the gop unveiled its new Health Care Bill in the senate Cnbcs Kayla Tausche is in d. C. With the details kayla . Reporter it was unveiled a few hours ago, but Senate Leadership is already in sell mode democrats predictably opposed to it, but even republican senators, not one said they were vehemently in support of it. The most bullish would only say they opposed the proceeding legislation, but then there was a group of four senators, double the amount the gop can afford to lose in this battle, four senators that came out and say they are open to changes and willing to make concessions, but that they are opposed to the bill in its current form senator Lindsey Graham today noted it wasnt just those four who want changes the