Pg. We have to see more green on the screen. We have six points but the s p down 4 and the nasdaq down 40. All three averages are down more than 2 for the week. Thats the larger trend here. Shares of bloomin brands are gaining as starboard has built a 9. 9 stake in the company. The shares youre seeing popping about 6. 5 . Theyre up 18 over the past year. And the stock you heard about everyone is talking about it, what are they going to say, Palo Alto Networks, theyre reporting after the bell, first time in three years an s p 500 company has done that on a friday. Pretty rare. Trying to hide bad results . Q. Showcase good ones . A scheduling conflict . Well find ute more and get a preview coming up. The other story catching wall streets attention rising bond yields. The 10year hitting 4. 3 this week. Highest since last actually about the highest in 15 years really. What does it signal about the economy and how should investors position . Jim is president of Bianco Research and ron is a
Unreasonable. Ev price wars back on. Tesla cuts price on some models in china the American Consumer just continues to spend andnot just on the essentials. Latest figures from mastercard it is the latest on monday, august 14th, 2023 of t you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im dominic chu in for frank holland. Lets check on the futures it is on the Positive Side of things dow implied higher by 33 points. S p implied higher 8 nasdaq is 46 points of the dow riesing in the last fou of five weeks. The tech sector has been stumbling. Nasdaq with the pullback of 4. 5 the worst stretch for the index going back to december of last year checking on the bond market. Yields in focus. 4 level in key. We are there for the 2year treasury or rather the 10year treasury the 2year treasury is 4. 9 . A bit of a pullback on the longer end 30year treasury is 4. 26 . In energy, oil prices are still a little high. 80 for u. S. Benchmark wti down. 50 . Si
Maria welcome back. Good thursday morning, everybody. Thanks very much for joining us this morning. Im Maria Bartiromo. It hope youre having a good thursday morning. Its thursday, march 14, time for the hot topic of the hour. New fox news poll shows former President Trump leading President Biden in two crucial swing states. If voting were held today, President Trump trump leads with 49 of the vote to bidens 45 for all registered voters in arizona. Trump is leading in pennsylvania, 49 compared to bidens 47 . Joe, you mentioned the swing states. Your reaction . Look, i think t hard truth is that you take the pulse on main street right now, they recognize they are less safe today than they were four years ago and their bank account is in worse shape than it was four years ago. The savings that were depleted because of the spending, the inflation that is december mating any you of t thedesimateing any of of the increase in the wages. Those numbers tell the pulse of main street. In an elect
Macys nordstrom and kohls are on the docket next week. On desk tonight we have steve grasso, bonawyn eison, tim seymour, and julie beal. We start with the rare friday night earnings alert on palo alto. The Company Reported better than expected earnings even as revenues came in slightly below guidance. That monster twohour Earnings Call is under way. Bertha kuhns joins us with the latest. Its still going on but said they were only going take questions for 15 minutes. Well see if he extend. Meantime, palo alto did beat on the bottom line reporting adjusted earnings of 1. 44 a share. Top line came shy of expectations at 1. 9 billion. Still up 26 year over year. The company noting that operating margins increased more than 5 Percentage Points for the full year as it continued to focus on profitability. And we see that trend in its 2024 guidance once again. On the bottom line, better than expected. They are predicting 5. 27 to 5. 40 a sherrick well above consensus, but the revenue, again, s
Applico liquidations as prices fall. We look at what is behind bitcoins volatile moves. Gearing up to be the biggest ipo of the year. Chipmaker arm is set to line up 28 banks for Public Offering. We will bring you the latest on the company and who else is arguing the ipo. Its been a volatile week for markets. Abigail doolittle, you do it so well. Abigail we have had stocks all over the map. Apple flipping to the upside, down earlier sharply, weighing on major indexes when they were down across the board more than. 5 . At this point, apple is up slightly. We have heaviness on the market from other big tech names like nvidia, microsoft, and metaplatforms. Nvidia will be reporting next week. Will the stock that is up more than 190 on the week, will the results really deliver what investors are looking for relative to ai. The week is certainly risk off. Stocks down for a third week in a row. The nasdaq 100 is down 2. 4 . Its off of the lows at the lows we were heading to the worst week sin