Backtoback gains if we continue to trade higher and close positive in the next hour. Theres the tenyear treasury note yield, at about 4 or so right now. I mention it because that is obviously one of the big drivers of stocks right now, those higher yields standing in the way of an equity rally, and certainly dampening some enthusiasm just looking at the tenyear, a little bit weaker. Really not moving a whole lot. Check out some of todays moving earners. Goldman sachs is higher on a beat Lockheed Martin soaring up Johnson Johnson beating on the top and bottom lines hasbro is pulling back after the bell well get netflix and well be joined with a preview in just a bit. Lets begin with the activist news that david faber broke today. Salesforce shares are up 4 . David faber joins us with the latest im interested in the colgate news you brought but activism heating up. We can start with salesforce we did report that this morning. It was followed by a presentation by jeff smith at an annual c
Morning. Semiconductors outperforming and Cloud Computing etf on best had its best days since early august meanwhile, faang, amazon, the largest megacap winner, but dee, this is a rally of the fisty. Affirm and peloton up 12 and affirm and shopify and bitcoin above 20k, up 3 no question that whats leading this is the stuff that investors, over the past couple of months, several weeks have gotten very queasy about yeah. Those macro themes is what youre pointing to the riskier rally, the unprofitable and the rally of the growth and whatever you want to call it and its beaten down names and the macro backdrop and you have the tenyear yield 3. 6 and the twoyear getting close to 3. 4 and carl, the fed isnt quite focused on inflation as much as it is the job market for the next moves some positive signs and remember they werent as bad as some were expecting and there was a relief rally and she continues on the dip so well see what she has to say about it bank of australia hiking not as much.
10565 while some things head lower with amazon and google now 40 off their highs, other people are calling for a bottom here. Mike santolli joins us with here nasdaq coming off. It was up as much as 10 whats going on today . Yeah. A near approach to those june lows, very widely watched. Sometimes the first time it tries to get down there it bounces almost by reflection were seeing a little benefit of that still very much remains to be seen i like a threeyear look at the nasdaq 100 so the yunjune lows are right he i like to check out this october 30th of 2020 level which is right about where we are or just below where we are right now it is a little above 11,000. It also coincides with a 200week average, a slowmoving longer term uptrend line, thousand day moving average, which is also right around 11,000 in theory, we have the entire uptrend from even before the covid crash that now perhaps is nearby could be support could be a little bit of a moment of truth. The key when you have a re
Landing by the end of 23 but i dont know ive been wrong on a lot of things i could be wrong on this but thats our forecast which is recession in 23 joining us here at the nyse. Managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in 23 and chastising the fed and boe or what he believes is a mistake now. What we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflation was a concern and many had been beating the horn and further fueled by a lot of macro events, supply chain issues. Now, now that chairman powell has addressed it, he is going all out volker so we know one thing volker had to do was beat inflation back what he was handed when he took over, everyone thought that the job had been done and reared its head again and volker made sure and powell doing the same thing. All that thought there would be a pivot, theres not going to be a pivot. Theyll co
For it in public last week. Listen. What i would like to see with iran, i would like to see them call me. Call me, please. This, as new details are emerging on what exactly spiked tensions with iran in the first place. The New York Times is reporting on photographs showing iranian Paramilitary Forces loading missiles into small boats at iranian ports. Cnn last week reported movement of those missiles was one of the critical factors in the u. S. Sending a strike group to the region. Lets get the latest on this. Cnns abby phillip is at the white house. Barbara starr is at the pentagon. Abby, you have all of this going on and also reporting that the president right now is not happy with his advisers on this very issue of how to take on iran. Whats going on . Thats right, kate. Sometimes these discussions about whats going on behind the scenes can seem like palace intrigue, but it really goes to the heart of what is happening here when it comes to iran. You have what seems to be an escalat