Also. We are tracking the potential job warning, in response to what we are seeing in the yen, jgb yields as well, continuing to move higher and closer to the 1 mark. Suzuki saying they are committed to achieving the Fiscal Consolidation goal. What else we are watching, it comes down to expectations around where the boj goes next. We have been hearing from you next to the my chief economist at the bank, saying that doj could raise rates as soon as june, maybe even space for rate hikes four 2024. Today in the session, we are watching the japanese yen and also keeping an eye on equities, a little under pressure so far. Still monitoring from earnings. Key to track will be whether that doj cuts its bond buying neck he saw on monday. Given the backdrop of the weaker yen, the yield gap between japan and the u. S. Japan, lets switch nmc switch and see how south korea is trading. The outlook is a bit weaker, not quite the magnitude of the dump that can japan so far, but still the kospi is 0. 2
And after yesterdays selloff where we saw bond market selloff and the yields higher and the pressure on the tech stocks, we have a reverse. Some of the big tech heavyweight on doing a lefty doing the lifting on the day. The adp number showing that there is softening in the labor market and maybe the Federal Reserve and maybe the Federal Reserve isnt going to have to go so hard so fast. We are seeing big going flat on the day as the dollar comes down from what has been a rapid run up. Lets look at the individual players. We have seen tesla, the outperformer of the toys on the day. We are seeing palantir higher. It is getting close to clinching that important deal with the u. K. With the nhs. Zoom on the downside, one of the worst performers. It has been announced, some new products and analysts were critically overwhelmed when they try to compete with the microsoft. Lets go back to the crypto story. A jury has been selected, opening arguments are said to start today for sam brickman fre
A and putting the eye on the funding measure for yoshi son. It is thursday, september 28th, 2023 and you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kick off the hour with the check of the u. S. Stock futures basically flat across the board. Dow would open up 30 points lower. It is early. Stocks coming off a mixed session, but down for the month and quarter ahead of the open. The s p and nasdaq are on pace for the worst month since december of 2022 you see the down side action here the nasdaq is hardest hit down 6. 5 we are looking at the bond market yields at the 5 and 10 hitting the highest level since 2007 4. 63 for the 10year treasury the 2year treasury is rising since yesterday now at 5. 13. We are looking at the Energy Market and oil is moving higher to the upside. Oil at the highest level since june of 2022 9 93. 85 brent crude is up with natural gas down. 50 . Lets turn attention back to equ
Friday. Columbia encouraging Remote Learning again, they cant guarantee the safety of jewish students. The president says, as in President Biden, he says he condemns antisemitism. Alexandria ocasiocortez says the protests are peaceful. Id like to say theres nothing peaceful about that a rahs aing jews. A harassing jews. Donald trumps trial in new york, the judge will decide if he violated the gag order. He could decide to fine him and possibly find him in contempt of court which could mean prison time. Its unlikely, but it could happen this morning. To the markets. First, look at tesla. This is a premarket quote, 143 right now. After the bell elon musk reports the companys finances and, perhaps more importantly, hell pell out the future of the robotaxi. If he commits to it, as hes expected to, it would mark the transformation of the company. In premarket trading we have the dow industrials up about 100 points and the s p up 18, nasdaq up 72 points. Interest rates staying at elevated le
Sinking again. And we continue the week long special with the best ideas heading into q4. It is tuesday, september 26th, 2023 you are watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. The s p and nasdaq both down about. 50 in the premarket we are checking the bond market with the 10year treasury at the highest level since october of 2007 look right now at 4. 52 also the 2year treasury is 5. 12 you see it is elevated we are looking at the energy markets. Oil is giving back a bit look right now at wti crude below 90 a barrel down 1 this morning brent crude at 92. 28. Similar for the Natural Gas Market down 1 this as the dollar adds to impressive gains up 2. 7 this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionall