Husband members right now propelled house members propelled by the or urgency of developments both here and in the middle east are trying to vote in a speaker. Right now the house has taken a recess after the first vote in the last hour for republican representative jim jordan of ohio fell short of the 217 minimum needed to win his bid for speaker. Democrat Hakeem Jeffries has the most votes but still short of the minimum at 212. The importance of this vote cannot be understated. Until a speaker is elected, congress cannot respond to emergencies or crises is. And the high stakeses in the middle east definitely constitute a major crises in which the u. S. Is playing an a increasing role. Tonight President Joe Biden will depart the white house to head to israel, jordan and egypt. This as incoming hamas rockets fired directly at cities to the north including tel aviv continue to rain down. 4re67b days after eleven days after the surprise attacks in southern israel in which 1300 israelis w
This is making money. Breaking right now lots of confusion and anger in todays session. Major indices holding up despite the superhot ppi number and a big miss from home depot but wall street elites are really cursing the move in meme stocks. Not again plus this hot stocks that are benefiting from the baby boom spending. By the way that is not going to stop. You might as well ride the train. We have congressman Burgess Owens with us. He will explain what theyre trying to do to lower the cost of college. Unfortunately theyre getting a lot of opposition from a lot of folks who were the architects of this spike in the first place. My take on china, playing President Biden like a fiddle. All that and so much more on making money. Evolution, revolution, rocket to the moon politicians say more taxes. Stop everything. And the band played on. Charles everybody remembers that great line from the temptations, ball of confusion. I got to tell you, it really seems appropriate for todays session. T
Us, charles payne. Charles ill grab that baton. Thank you very much. Good afternoon, everyone, im charles payne. This is making money. Stocksal i thinking on a weaker than expected jobs report. Investors can sort of ignore the earnings season which, in my mind, has been something of a bust. But heres the thing, the buy on dips crowd can has been licking their chops. Were starting to make the move, but people are looking beyond just the normal suspects. Well investigate opportunities outside of tech. Also again with that big jobs number coming in below consensus, where does this put the Federal Reserve . Jay powell hinted over and over again that the rate cut could come when we get a jobs report, and what does this mean for main street . This is not great news for main street. Yet tim cook, i said i thought he needed more than just a buyback program. Little did i know he was going to unleash a historic buyback program, 110 billion. Ill ask dan flacks, what about the rest are of the repo
Morning when the futures initially plunged. Thats a kneejerk reaction. It could change as the day goes on in part because of the wages. All right, so if you were selling, you must wonder, who was buying . Heres the thing, were going to stop you from getting played by these headlines and wall street group think. Got a great panel for that. Meanwhile, turmoil in d. C. Grabbing headlines, but the beast of burden is the debt load thats going to break the back of our nation. Weve got that covered from wall street to d. C. And the miracle fat loss drug, well, its changing the economy, but theres a morality aspect that is missing in the hype. Well cover it. All that is and so much more on making money. Charles all right, so the jobs report is out, and it is, by the way, it is not a strong jobs report. I dont care what you see on banners on this network, any other network. Its been wide hi reported to be strong. I dont think so. The headline number came in better than expected. Keep that in mi
Its global sales. Plus, chips take a hit as amd and skyworks fail to impress investors. Police being called to the campus once again, arresting dozens of propalestinian protesters and clearing occupied academic buildings. It a is wednesday, may 1st, 2024, and youre watching Worldwide Exchange right here on cnbc. Ja good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us. Lets get you ready for the trading day ahead. The s p is coming off its worst month since september and biggest drop since all the way back in january. Take a look at futures in the red. The dow off of its lows, but it looks look it would open just about 30 points lower. All the major averages are down from their recordhighs. Its worse for the russell 2000, which is now more than 19 from its alltime high. April also responsible for wiping out the majority of gains from the First Quarter of this year. Were talking 87 for the dow, 39 for the s p, and 34 from t