We see a new alltime high on the s p 500. A very good morning from new york city under audiences worldwide. Alongside manus cranny and katie. Im carol massar. We are also watching oil closely backing off. We want to get to the market boards for you. It is coming after a 2. 7 gain yesterday as we continue to be concerned about escalation in the middle east. Lets bring in the team. Once again i feel like we expect it to be a quiet day but the themes continue. You see oil taking a bit of a breather. That was after a pretty dramatic tuesday that we saw. I know we were asking the question about what was going to wake oil up. What a slide its been since midoctober. It seems in geopolitical premium coming in. Im surprised the 6 is all we got in terms of the repricing. In the past 24 hours we discussed the attacks in the red sea and the u. S. Approach to iraq but the overnight news is about the conversations between joe biden and the qataris. This is about hostage release, this is about pushin
Highest level since last fall which has made the markets a little uneasy. The russell 2000, the biggest loser today. Besides the moving rates, oil and gold is higher. The dollar is higher. United health, not higher. The Government Regarding medicare plan payments and test the following again as delivering numbers missed wall street estimates. This takes us to our talk of that day. The overstock market about to take a bigtime breather. Lets ask our bigtime panel. In greenhouse of alternative asset management. Lauren goodman and christian bitterly. As you see everybody is with me today. Nice to see everybody. I will come to you first. Is today about yields, nervousness about where they may go and that the fed may not cut as soon as we hope . I think its a garden variety pullback. Weve heard day after day that we are rather touching alltime highs or within reach of all time highs, so i dont see anything to read into today, more than geopolitics resurfacing, yields popping up. The question
I am dani burger along sign jeb bush alongside jennifer zabasajja. Fresh data shows the Services Sector in china was as low as rates this year is in august. Bloomberg economics says china may never overtake the u. S. As the worlds biggest economy. Lying low. Philip lowe the governor of the rba these Interest Rates unchanged in his final meeting to warns that some further tightening your choir. May be required. Country garden avoids a default with lastminute payments on dollar bonds. Happy tuesday. It is great to be back on the show with you, jen. Jennifer it is great and thank you for having me. Dani you are a pro. You had the rains yesterday and everything was great but it should be a morning of relief. We have the u. S. Dollar bond payment from Country Garden and goldman seeing a lower chance of recession. Someone should tell the markets that though. Jennifer we should see whether or not the u. S. Will reflect that when they are back from Labor Day Holiday. Lets look at s p futures a
Move higher all day. A new high, an oil rally because of the war in the middle east, and its been a lot for investors to deal with. Morgan stanley suffering its worst oneday performance in many years. The stock down 7 1 3 percent after earnings. Transports downright ugly. Names like united airlines, jb hunt trading poorly as well. And as for tech, its a bit of a mixed bag, yields popping, some trying to be green but most have now turned red as we begin the final stretch. It does take us to our talk of the tape. What todays key earnings do mean for the hopes of a year end rally as it relates to tech. Lets ask our panel. Dan ives covers tesla. Alex, Big Technology founder and cnbc contributor. Jason snipe of odyssey is also a cnbc contributor. He owns many of the tech names including netflix. Were going to lean on jason in a moment. But, alex, i begin with you. Netflix has not traded well, to say the least. Shares are down 12 in a month. Whats the issue . Im embarrassed because last quar
Good morning and welcome to daybreak australia. We are counting down to asias major market opens. The top stories hour. Israels defense minister warns of a long war against hamas as u. S. Secretary of state Antony Blinken for further talks to deescalate tension. Those diplomatic efforts boosted equities. Sales of. U. S. Futures coming online in the Asian Session a little bit more positive, extending gains from the regular session where we saw u. S. Stocks and yields gaining ground. The s p 500 rose and we were watching the tensions in the middle east and the florio diplomacy that happened across the board. We are going to see if President Biden will make a trip to israel. Secretary blinken met israeli officials in the region. Every sector in the s p 500 gained ground. The two year yield was steady. The 10 year yield around the 470 level, as we saw the flying to safety easing in todays session. We saw a dip in oil prices. We had already seen the rally in oil last week. We are also watch