Haidi that u. S. Gdp print, it was offset by the weekly jobless claims surge that maybe means there are some cracks in the liberal market. It sent yields heading lower. You see that in austria and korea as well. Then we had the surprise. Emfthe set is for global stocks to end the week with losses. Thailand is coming online. Hong kong seeing gains of 1 . David seems like equity markets are capped at specific levels, specifically with yields at these levels, its not difficult to understand why the runway doesnt seem to be as clear. That being said, lets talk extremely shortterm. You are close lower. U. S. Closed higher. Foreclosing got supportive earnings and the green on the screen. When you look at euro, it looks like there will be continuing and extending those gains. Stoxx 50 futures are up 0. 3 , coming of the ecb. Just keep that in mind. 1. 0565 is the currency. Thailand is coming on. Indian futures at this hour. The off cycle hike out of the philippines, and the indonesians are ch
Traders are recalibrating their expectations and the two year yield is a touch under the 5 level once again. You are seeing massive volatility in the bond market in a week with a lot of auctions. The 10 year yield is it is a sex base at basis point is a six basis point move higher. Gold is on the rise and has been a favorite asset for traders all year long, one half of 1 higher. Some midday movers on the equity side we will start with caterpillar reporting Quarterly Sales lower than a year earlier and the trend is expected in the second quarter. They said sales would be largely in line for 2023 but that now seems to be shifting. The Company Beat Expectations in almost every quarter since 2020 and we will talk more because in addition to that 7 drop in caterpillar, meta is dropping dramatically more than 12 . The Company Announced it will spend billions more than analysts expected on its ai efforts. Mark zuckerberg is asking investors for patients. They are not patient today and he says
Time Mitsubishi Materials is in the limelight for the wrong reasons. And for the markets today it will be quieter with it being the thanksgiving holiday break in the usa. Yet europe is open and training and as you can see the markets are all headed south. And we meet the man who revived an iconic brand, the Royal Enfield motorbike, as it returns to the uk for the First Time Since the 19505. We will find out what has driven that decision. And as Holiday Shopping 5eason driven that decision. And as Holiday Shopping season begins i5 driven that decision. And as Holiday Shopping season begins is your budget squeezed, are you planning on spending more or less orjust cutting back on christmas. Let us no, using our hashtag, bizlive. A very warm welcome to the programme. We live, this is business live. I think we have our technical problems 5orted now so lets begin in switzerland. European Commission President Jean Claude Juncker will be holding talks very soon with the government. About tryin
Investors closely watching the d. C. Tea leaves for signs of a shutdown. Apple does appear to be poised to repatriate billions in overseas cash and flepledges to create 20,000 over the next five years and over a new campus. Morgan stanley beats the Investment Bank reporting growth across the board first up stocks are coming off best day since november. The dow closing above 26 k for first time the s p and nasdaq seeing fresh record closes. The tech sector led the way posting its best oneday performance. Got to go back to october, jim, for tech having a better day than wednesday. There were two tech rallies yesterday. There was one stimulated by asnl its a european company, they make gigantic, the size of city buses, capital equipment, machinery and they say listen, the demand for semiconductors is off the chart. That then triggered a big rally in the Texas Instruments of the world. Micron and the second rally was kind of confused it started with apple saying these things but apple had
Legislation and makes economic predictions. Economy members asked about the future effects of tax reform and changes to the Affordable Care act, this is two and a ha this f this is two and a half hours. It is 10 00. And good morning, everyone, the hearing will come to order. Welcome to the committee on the budgets hearing on over sight of the Congressional Budget Office. This hearing will focus on cbos organizational and operational structure. It is the first of five hearings at the Committee Plans to hold regarding oversight of the congressional budget. The goal of todays hearing is to learn more about cbo which was created as part of the congressional budget and impoundment act of 1974. For decades, this agency aesz primary duty and function has been to assist congress in the federal budget making process by providing cost estimates, economic analysis, working papers and other inciteful publications. Members of the house and Senate Budget committees rely on cobb as impartial resource