Therapeutics losing a third of its value after the cholesterol drug caused side effects in a trial. All right. Todays action a signal maybe that the market is turning just a bit . Those seven big tech names that carried the market last year, theyre starting just a bit to fade. In fact, theyve been fading for some months in some cases. So should investors now look elsewhere . Are old names becoming cool again . Seema mody is looking at the newlook ge which has been a stealth outperformer. Good afternoon, tyler. Thats right. Its not often an industrial stock outperforms big tech, but thats what were seeing with general electric, which continues to defy critics. Now, over 80 in the past 12 months. Its highest level since 2017, outpacing the gains of a number of tech names like microsoft, amazon and the broader nasdaq. Wall street really crediting ceo for its bold restructuring moves including the latest bet, spinning off energy into a stand alone company vernova. He is excited about stayi
What do you have coming up, and hows the weather . So far, so good on the weather. Actually last time we were doing it outside on the island. Today were doing it inside on the off chance the weather does worse than it has been. Were at the annual Sports Complex conference going on. We have a huge lineup of guests throughout the broadcast. Bruins ceo george pine is going to be with us and arcs cathie wood. We can have a debate about bitcoin with her. So much going on in her world. Then well have a conversation with ceo ted leonsis who weve been talking about because hes been involved in that deal in washington, back and forth. And at 8 15, an exclusive interview, First Time Ever on cbc, steve cohen, now, of course, the mets owner, but maybe better known to those on wall street as the chairman and ceo of point 72. So many folks in the sports world. We have many of the commissioners from all over the league. I think we have michael rubin, arod, i saw last night. Corbin is trying to buy th
Market impact. Plus, disneys board battle heads for its grand finale as it appears to lock up shares from one major shareholder. And the best ideas for q2 and beyond. The mining places our next guest is rolling the dice on. Its wednesday, april 3rd, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thanks for being with us on this morning. Lets kick off the futures and check with the morning with the stock futures, he said. Right now were seeing more pressure. You can see the s ps implied lower by roughly 6. 5 points. Downside, but stable. Meantime the nasdaq is posting its second lost in the last three sessions. The dow declining by 1. 5 . Some stocks are still climbing to new a 52week highs. That includes dominos pizza. Ge, kroger as well. And looking at the bond yields as bets on a june rate cut by the fed cools off. Right now the 10year yield ticking higher at 4. 5 . The 2 year at 4. 7 . Tensions in the middle east are provo
Ed we will continue with earnings coverage as amazons results show a boost in its cloud. Caroline one year since elon musk took over the Company Formerly known as twitter, he plans to take on the likes of youtube, linkedin, and push in payments more. We will discuss that and more. Lets check in on what is a rally to finish up the week. We are seeing a rally across stocks and bonds. Which are usually at odds. Inflationary pressures building from a macro perspective. Consumers anticipated to see more inflation. Says the university of michigan numbers. And the all important pce number coming in strong. Check on top. Does it have to do with earnings . Nasdaq at 1. 2 , but down for the week. Two year yield pulling in a little bit more. More flat, but above the 5 level. Is there a risk aversion towards the weekend amid ongoing geopolitical concerns, particularly the middle east. Commercial off by a quarter of a percent despite the inflation gauge. Bitcoin has been on a tear. Up some 14 . Is
In syria we will weigh the investor implications later in the show, Sam Bankmanfried tells his side of the story as the disgraced ftx ceo takes the stand. It is friday, october 27th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Happy friday lets kick off the hour with the check of the u. S. Stock futures. The dow would open up 100 points higher its early this comes after another rough session for stocks yesterday which saw the s p 500 close at the lowest level since may falling more than 1 for the week, every major index is down 1 or more led by the nasdaq eyeing three straight losing weeks red across the board the nasdaq is the hardest hit. S p down 3. 5 week to date a big part of this is microsoft and alphabet losing on the week and shedding combined 190 billion of combined market value since monitor the entire market cap of comcast, salesforce, mcdonalds or netflix. We are checking the bond market with a look at