The real story has been Energy Prices lets look at what is happening with wti right now it is at 92. 50. Yesterday, it closed at the highest level in ten months. Check it out right now highest level since november 7th of last year there is bitcoin which is back above 27,000 we noticed this yesterday toward the end of the show. It was trading at these levels higher this morning at 27,319. Lets get you updated on the uaw strike shawn fain looking to expand the strikes if the deal is not reached. Here is the video he posted on x. If we dont make serious progress by noon on friday, september 22nd, more locals will be called on to stand up and join the strike. That will mark more than a week since our first members walked out and that will mark more than a week of the big three failing to make progress in negotiations toward reaching a deal that does right by our members auto workers have waited long enough to make things right at the big three. We are not waiting around and we are not mess
Jpmorgan, citi, wells fargo, they all reported earnings. All appear to have been fairly strong. Were going to break down the quarters. Plus blackrock now managing nearly 10. 5 trillion in assets. Were joined exclusively by chairman and ceo larry fink. That will be later this hour. Were also watching the semis this morning. Qualcomm, intel, amd and nvidia all moving lower ahead of the open. China reportedly telling its Telecom Carriers to phase out foreign chips. I want to start with the banks and the downturn in the market as well. Earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. Mike, id love to just turn to you quickly, just get a sense on the market as well. Yeah. Its been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. Obviously, moved the nasdaq appreciably higher. What do we think is behind some of the weakness were seeing beyond these bank earnings, which, at the worst, are a mixed pictu
Worldwide exchange. Good morning on this holiday week. Lets get to the market picture. As we said, we did have declines for the dow and the s p last week the nasdaq was able to hold on to a 0. 4 gains came on slight losses on friday as we said for the week its held slight declines, two in a row for the dow. This morning we are pointing low. A little bit of weakness and thats fed into futures markets. Dow is down 13 yields slipped again last week ending at 2. 35 on the ten ear. Weve slipped a little further over the week end. 2. 34 at the yield on the ten year, short end of the curve they have seen yields rising so that flattening. Its a bearish signal. Its been one of the biggest stories over the past week we turn to asian equities, really a mixed session there today. We saw the japanese nikkei close lower again today down. 6 of a percent. Man, talk about a reversal of the chinese stocks the hong kong hang seng is up. 2 of a percent shanghai composite up. 3 of a percent. Thats after st
Continent as well, we see the ftse Index Trading down and it has been all day. Continental indexes have been doing well but the ftses down. 1 stoxx 600 is down 1 10 of and the dax and the cac 40 is doing well. A little bit of recovery here. Currencies, two days story has been a euro story. As we move closer to the possibility of a majority government in germany, thats the heavyweight anchor of europe with the euro trading up and its now 100 its now 1. 19. Late the talk collapsed sunday night, the euro dropped down to 1. 17. Talks inhe coalition germany, so goes of the euro. Is closelyrket linked to what we have going on here. Germanu have problems in talks, the yields or the spread is jumping up from spanish and german debt. All the yields are rising as investors sell debt. They are presumably using some of that money to buy equities. The german tenyear bund is 36 basis points. Vonnie thank you. The fridayinto trading davis thanksgiving week. Abigail doolittle has the latest on a lower
Power in more than seven decades the president ial while its a former soccer star against the countrys current Vice President. And sarah harman welcome to the show its good to have you with us russian president Vladimir Putin is another six year term in office and now hes been formally endorsed to participate in next years vote for his forced term prudence decided to run as an independent to make the most of his personal popularity amongst russians more than six hundred supporters including prominent lawmakers and actors have gathered in moscow for the endorsement their support allows putin to take part in the march election as an independent candidate. These Young Russians came to see the kremlin new years tree but were treated to a surprise appearance by Vladimir Putin. One of the children had the courage to ask the president how he feels about the opposition. I got that this is that which is. Positively. That i will cut by. The opposition has little chance of victory after the count