Amid growing pressure. The race is on for congress to finish a deal to fund the government with hours to go until a shutdown takes effect. It is friday, september 30th you are watching Worldwide Exchange on cnbc. Good morning im Frank Holland in for Brian Sullivan lets kickoff the check of the markets and money. Stock futures in the green across the board dow could open at 200 higher the s p and nasdaq higher as well stocks after a selloff on thursday with the s p hitting a new low. All three indices falling 1 to 3 apple shedding 5 of reports after decline of products. Specifically the iphone 14 and the downgrade by bank of america. Look at mega cap tech stocks here you are seeing meta as we mentioned with hiring cuts down 1. 5 microsoft in the green amazon up. Also, check on the bond market yields are falling a bit weaker dollar is helping the 10year treasury at 3. 71 still the inversion. The Oil Market Oil prices getting a boost as we hear more reports of a possible Production Cut by
With the spread between short and long rates upside down for more than 15 straight trading days, that portends a recession for sure by August, Bespoke warns.