Business that logged the worst session since march of 2020. 166 billion wiped out that is equal to the entire market cap of nike and amd or disney that cloud weakness spilled over into amazon. We will hear what amazon has to say tonight after the closing bell amazon shares off from yesterday at 1. 7 . Treasury yields picked up. The 2year treasury at 5. 12 thats the key level those are good facts you gave you can find a lot of companies uccompanies. Boeing ibm. Ge to lose that and still be worth a lot is the good news and bad news maybe good news and bad news morning. Uaw and ford reaching a tentative deal to end the sixweek strike. Phil lebeau is joining us with details coming out overnight good morning reporter good morning, andrew the final push for the deal was this week after the uaw called for more strikes ford earnings were set for thursday they finalized a deal. It kaulscalls for a 25 hike foe several four and a half years. There is more Profit Sharing for retirees here is shawn
Dave malkoff, thank you so much. The u. S. May soon welcome some palestinians from gaza as refugees. Cbs news has obtained internal documents showing Senior Biden Administration officials have discussed several options for resettling a small number of gaza residents. It would include those who have immediate family members who are u. S. Citizens or permanent residents. In the last fiscal year, the u. S. Resettled 60,000 refugees from around the world. Just 56 were palestinian. Tonight, secretary of state Antony Blinken is in israel for talks as the Biden Administration presses hamas to accept a deal to release some hostages in return for a temporary ceasefire. But cbss debora patta reports israels Prime Minister says even if there is a deal, he intends to go ahead with a Ground Invasion of the Southern Gaza city of rafah. Reporter protesters are turning up the heat night after night, demanding Prime Minister Benjamin Netanyahu bring the hostages home, whatever the price. For netanyahu,
Citing high valuation and concerns of soft u. S. Growth. And its the Largest Health care strike in u. S. History. Some 75,000 Union Members at Kaiser Permanente walk out of hospitals and medical offices. Lets begin with the markets. Dow coming off the worst day since march as you may know by now, losing its gains for the year to date. Jim, this morning, writing a lot about the tyranny of the tenyear, as you put it. Look, i think theres a consensus building that you cant have the yield curve be the shape that its in now, and i know this probably bores a lot of people, but if youre just trying to figure out, what the heck is this all about, theres a sense if you go out ten years, we got to go the usual, which is that theres a steepening curve and were all going to have to pay a little more if we go out long. Meaning, lets say you need a mortgage, thats going to go higher. We got a number that was softer today from adp and shows theres not as much wage growth, which is what people are wor
I am haidi stroudwatts. I am. The top stories this hour, elon musk making an unannounced trip to china meeting the premier and seeking to reduce the revenue decline. Bhp is said to sweeney 02 Anglo American after having its offer turned down. Bloomberg learned Elliott Management is to build a large stake in one of Warren Buffetts favorite japan trading houses. Haidi we are looking like a pretty positive set up so far, said futures up by. 3 of 4 , indicating an Early Advance of 1 will be get to the cash open. U. S. Equities getting on friday, strong earnings reports with the likes of alphabet and microsoft under relief when it comes to month inflation lifting spirits at the end of what was ultimately a choppy week. Take a look at how we are setting up when it comes to japan, nikkei futures flat at the moment. We see that yen tumbling pass levels targeted for intervention. We saw the slide gathering pace after a deb fischer boj and lots of questions as to the credibility of policymakers
Index up a fair amount. 2. 2 . What is interesting is how much green you see on the screen. Even with negativity around intel. Bitcoin lower about 1. 6 into the weekend. Looking across assets. The bond market is interesting. The two year yield fluctuating all day. Around 498 on the day, it touched almost 5 . Muted moves right now. A lot of volatility today. 10 year yield around 466. That hit around 4. 70. Youre still looking at three to four basis points. The u. S. Dollar still on the rise. Yen has been weakening drastically. Looking at some movers on the equity side. Tons of earnings have alphabet soaring past a 2 trillion valuation. After a First Quarter revenue that beat expectations with Artificial Intelligence boosting growth in the cloud business. Analysts welcome the companys new dividend and additional 70 billion buyback. Microsoft seeing its biggest jump after signs ai is fueling growth and demand. Analysts were positive about strong commercial bookings and growth of its azure