Reporting before the bell tomorrow, all facing very different headwinds. Speaking of headwinds, dom chu has the numbers. I think i am a headwind sometimes for these markets. But we started off with a solidly positive day, and now you can see were mixed at best. Ill start with the largest cap kind of broader s p 500, which sits at 4354, down about three points. Thats not much, considering the fact that we were up 19 points at one point during the highs of the decision. And then down nine towards the low. So were tilting towards that lower end of the trading range so far today. The dow down about 0. 1 of 1 . And the nasdaq still in the green, by only a quarter of 1 , 13,591. One key area of focus is oil and gas. The middle east war between israel and hamas and now hezbollah perhaps creating some waves in lebanon is starting to put a bid to oil prices. Theyre pulling back just a little bit in trading so far today. You can see some of the crude futures down about 1 right there. The Energy
Trim apple and sold off paramount at a loss. Speaking of paramount, the company is, or its special committee is opening up negotiations with sony and apollo. Theyre also talking with skydance as well about their bid for the overall company. From here at the Milken Institute global conference in los angeles, the next two hours, were going to be joined by marc rowan, David Solomon, and darren woods. So, nice lineup ahead, guys. Lets begin, david, with buffett and apple after that stocks friday rally. Berkshire says it did trim its stake by about 13 to just over 135 billion in q1. Didnt stop buffett from praising apple at the meeting over the weekend. Take a listen. At the end of the year, i would think it extremely likely that apple is the largest common Stock Holding we have now. When we look at cocacola and American Express and apple, we look at them as businesses. Now, theres differences in tax factors, managerial responsibilities, all sorts of things, but in terms of pulling your mon
And hack tack profits hit . And then looking at the hand that feeds it. We will look at that one. It is friday, october 6th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start your friday with the check on the u. S. Stock futures after modest losses yesterday. Take a look. We are mixed right now. We are seeing the s p and the dow fractionally lower. Nasdaq higher. We alsoways say it is early. A mixed bag with the s p on track for the fifth straight week of losses. And we look at the yields with the 2year treasury still above 5 . You have to look at the 30year treasury which is creeping up back toward the 5 yield. Remember, this is an important indicator for Inflation Expectations and investor confidence. All of this is the lead up to the september employment report. Economists expecting employers to add 170,000 net new jobs last month. That is down slightly from last month. The Unemployment Rate, however, ex
Dow tracking up nine months in a row. Unbelieveable First Time Since 1959 s p same, First Time Since 1983. Nasdaq tracking six months in a row. Is next year going to be anywhere near as good as this has been thats a really good question, and a think a real financial adviser, somebody thats serious about what they do, take a year like this talking to their clients around this time of the year, the whole job is expectations management thats really the big picture so were having this conversation and telling people that this was a year you could not have afforded to miss because there arent going to be a lot of them and its very rare you would get two or three of them back to back, an amazing year of no volatility, never got near the never got near the 200day moving market and now were thinking about next year and were seeing whats the appropriate Asset Allocation, and we came into this year overweight international stocks. Were going to do the same thing going into next year on fixed inc
Production for ten years and access to nuclear fuel and equipment for 15 years. Iran has to approve to the International International Energy Agency that it met it under the terms of a deal. Take a look at whats happening with oil prices. Theyre down by about 2 . This is coming because irans oil is expected to be coming back to the market. Thats putting wti at 5118. Not everyone is happy about todays news. Officials are condemning the deal. Benjamin netanyahu says it gives iran a surepath to Nuclear Weapons. Here in the United States congress now has to approve the deal and its expected to be a tough sale with many lawmakers saying they date of birthont think its close enough. President obama will make a statement on iran from the white house. Thats coming up at 7 00 a. M. Eastern time and we will bring that to you live when it happens. Our chief washington correspondent joining us on set to talk about all of this. This is a deal thats a long time coming. Many people thought it would n