Neil pay attention, who knew Freddie Mercury was 40 years ahead of his time and that box, four decades since that queen song hit the airwaves. The dow at that time was around 1100. Not 11,000, 1100. Today the dow is teasing 40,000, you heard that right too, 40,000. 40 times what was then. We do the rough man for you sometimes using calculators. The dow has already been there, just cant close it. You might say its trying to you guessed it, break free. See what we did . That is what we do. You are welcome. America. We had some fun with that. I remember vividly that song right before i got married, i love love love it. On this milestone mission friday, thats what we are focused on, wanting to break free, to close 40,000, less than 99 points from there. Lets go to music and otherwise. We make a big deal of attempts to break into a milestone. Often there are several events, a lot of them. We will definitely go through whether it is today, next week or most likely before the end of the month
[national anthem] [national anthem] [national anthem] will straight to the a Fox News Alert as Tens Of Thousands of Israeli Soldiers are getting ready for a full scale inveighs of gaza as airstrikes have continued throughout the night. [background sounds] pete idf issuing a statement saying, quo, forces are currently preparing to implement a wide range of offensive plans which can include combined and coordinated strikes from the air, sea and land, end quote. Hamas is responsible for the killing of at least 1300 israelis and 29 u. S. Citizens. The israeli prime minister, benjamin netanyahu, assuring his troops that more fighting is on the way. You for the next stage . The next stage is coming. Rachel the New York Times reports that Israeli Forces have delayed their initial planses as Weather Conditions in the area could worsen. Will meanwhile, a second u. S. Aircraft carrier is on it way to the Mediterranean Sea in what defense secretary lloyd austin calls a show of force. The u. S. Co
Its pretty weak overall. You look under the hood, theres the picture from the three sectors i mentioned. Financials, theyre lower too as they get ready to kick off earnings season. Citi, jpmorgan, wells fargo, all of that before the bell. Tech, well, it was one of the only decent spots today. Even it has rolled over. We show you the tech xlk etf. The nasdaq performing better lately and still on track for a relatively strong week, can tech alone carry the market higher into the end of the year as it did for the First Six Months of 2023. Lets ask someone who count thes several tech names of top holdings. With us today at post 9, joe terranova, joe a cnbc contributor. Its good to have you both with us. Amy first, were still worried about rates, obviously. Weak auction, cpi, ppi, both a little hotter than expected. How do you see it . Yeah, i think, you know, the market is obviously on its toes. Youve got higher for longer. Thats the bottom message. Youve also got a number of market dynami
Annabelle we are counting down to the major market opens. Shery the top stories is our. Investors get back raise the budget deficit as it changes growth targets. Fourth consecutive decline in orderly revenue amid weak demand. We start you off with breaking news. We are getting the goods trade surplus widening. The account surplus widened to 4. 81 billion. We are expecting some gains. Customs data remained wide. The trade surplus widening. Annabelle numbers that could be quite supportive. Essentially we have preliminary earnings to see the fourth straight revenue drop. Yesterday a session is just getting going. Reasons for that are the pull back. Lower yields builds into a softer dollar. We see that big bounce in the Golden Dragon index. Shery we sell u. S. Stocks and bonds graining ground. The s p 500 with a technical rebound. We are not seeing much change in the early. Were watching treasury futures at the moment, treasuries rising. Continue to watch those numbers that will come out o
Telling investors not to put their money in the volatile times. Later in the show, nvidia following into the regulatory microscope with the office raid. It is friday, september 29th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Im frank holland. Happy friday. Lets start the day with the check on the u. S. Stock futures. Look here. We are in the green. Dow would open up 100 points higher. The nasdaq is. 50 higher. It is early. A big part of the dow move is the premarket with nike popping on the mixed report. Look at nike shares right now up 8 . It is important to note they are down 17 for the year to date. More on that slide coming up in a moment. All this as the markets look to wrap up a rough month for stocks with the s p and nasdaq on pace for their worst month of this year down 4. 5 and 6 . Dow down 3 as well. For the quarter, the averages here down across the board with the dow and s p set to snap win streaks. The nasdaq on pace for the worst quarter since