So he says were going with jordan . Guess what, theyre going to go with jordan. Its basically all done by the crying at this point. Because the white house says, no, he has to take it back, now theyre taking action because the border issue is going to affect the next election. This is about math. Trying to do something to save their butts in the election. When it comes to the democratic party, the party has not been messaging to black males when it relates to crime and the border and all these other issues, and the economy as well. Inflation is still a positive number. You can tell me its decreasing when it actually goes negative, then ill believe its actually decreasing. You can stand under my umbrella stuart all right. Good morning, everyone. Yes, it is 11 00 on the east coast. This is friday all day. On the markets, up and down and down and and up, all over the place. Strong employment report this morning, the market went down, then came back, down again, now your dow is down 45, an
Of this bearish bond market. The increase in the Interest Rates has created havoc among multiple fronts, like a giant grim reaper that cuts down sector after sector. Thats how you get days like today. Which at one point was so ugly but rebounded at the close. Dow finished off. But nasdaq held up, finishing strong. Keep that in mind, plus seven. Well have to spend time on the nasdaq, it was truly incredible. But the damage can be extreme. Comstock, on many times. American electric power. Great location, and what happens . Aep turned out to be piggybacking off the bond market. Now its gotten double whammy. The company is always financing and paying out generous cash to the shareholders, meeting air quality demands. But with the collapse of the bond market, a fine company like aep has seen his stock obliterated. The house of pain. You cant escape the grim reaper of higher bond yields. Kellogg, this north American Cereal Company and kellanova for snacks. Theyre taking it on the chin from t
Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me
in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, prices have come back up. take conocophillips. the share price has nearly tripled and now it s acquiring marathon 0il worth $25 billion, including debt. that ll help conoco expand its drilling operations in mexico, north dakota and texas and offshore of equatorial guinea. large and midsize oil companies have been competin
was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, oil prices have come back up. 0il oil producers are back to making bank and using cash on hand to strike some deals. take conocophillips. its share price has nearly tripled and now it