The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, yields on the 4 level are still in focus with regard to the u. S. 10year treasury right now, it is 4. 08 the 2year treasury is lower at 4. 81 . The 30year treasury is below 4. 25 right now. On the energy, oil prices are on the move we ar
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
Tk, welcome back. Tom it is good to be here. It is jobs day. Im ready to go. I had my wheaties. Jonathan is that a serial . Tom it is a cereal. Lisa had fruit loops. Lisa lucky charms. Jonathan they should come with a health warning. Lets talk about amazon and apple. Apple meeting expectations after the close. Amazon is higher by 9 in the premarket, beating a raise from amazon. Evercore taking the price target from 150 to 190. Tom amazon with the pandemic and secondguessing about there is a national crisis, we delivered the boxes, we need to died in and to what we need to do. They did. Baeza went to run the Washington Post and the new guy came in. The new guy is the first real glimpse of postcovid amazon. Jonathan evercore calling this quarter and unlock for the stock. As of the stock needed it given the doubledigit gains we have had so far. Lisa that is the reason why it is bolstering the Overall Index returns even though apple is more soggy and losing is 3 trillion moniker im looking
Plus, oil markets squeezed again as russia and saudi arabia send more shockwhataves throughe market and china throwing more stimulus at the private sector to boost the struggling economy in the recovery. It is friday, august 4th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dominic chu in for frank holland. Lets kick things off with the u. S. Stock futures after the s p and nasdaq turned in a Third Straight day of losses, futures right now showing a brighter picture, at least for now. S p implied higher by 15 points. Dow jones industrial average implied higher by 55 nasdaq up 83 a tech recovery may be in the works. This is ahead of the july jobs report economists are expecting employers to have added jobs at the slowest pace since december of 2020 at just 209,000 net new jobs for the month checking on the bond market. 10 2year yields yields on each up 5. 5 to 6 this week alone. The 10year treasury is 4. 91 . Slightly lower the 2year treasur
Tiktok. Tiktok did come up and was raised on the call. There is a real threat posed by these technology services. Operating in the United States put at risk americans personal information, theyve been clear about that including manipulation. Reporter not just tiktok worrying washington. A new report Shows Chinese hardware infiltrating corporate networks. The number has surged in the last year, four scott estimates 300,000 devices from chinese manufacturers are on chinese networks, 41 jump over the last year. The fear is the Chinese Government could coerce these manufacturers to spy on american users and manufacturers on these systems but china is brushing off these concerns and warning the us not to get in the way of their economic developed. The Chinese Government spokesperson reacting saying of the us side is willing to seek mutually beneficial cooperation and share in chinas development, it will find chinas door open but if it is adamant on containing chinas hightech development and