Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
Expectations rose to the highest level since may. Larry fink of black rock on the network an hour or so ago. Inflation higher for longer, long rates will be above 5 . That does not sound like goldilocks to me. What a difference a week makes, dont you think . I dont know, maybe a day. I was calling you jimmy goldilocks yesterday. Maybe not today. There were cracks with that cpi report. Needed it to come in softer than expected. It didnt. Here is what were looking at. Inflation is indeed stickier than expected. I dont think thats fatal for the markets. I think were talking about inflation with a three handle now. I will Say Something that may not be popular, it may even get my committee mad at me never. As we go into 2024, this is an Election Year coming up in 2024, if you have headline cpi at 3 , yes, jay powell and everybody else says 2 , i think theyre going to be hard pressed, folks, to put this economy into a recession which, frankly, is whats necessary to get down to 32 . I think t
ceremony wednesday. eva mckend, cnn, atlanta. erin burnett outfront erin burnett outfront starts right now. captions by vitac www.vitac.com outfront next, is the truce about to end? we are beginning to learn the true impact being held by hamas tonight as the truce is in jeopardy. what it has been like for the most vulnerable victims, the children. plus, a top republican blasting members of her party, enabling that one calls him, quote, orange jesus. and the wife of ukraine s spch agency chief. is russia behind the brazen attack, and will there be more? there are more developments tonight and the foreign minister of ukraine is my guest tonight. good evening, i m erin burnett. outfront tonight, israel and hamas clashing in northern gaza today. both sides claiming of violation of the ongoing pause in fighting. this coming as the world watches and waits to see if the truce will be extended beyond tomorrow when it s set to expire. ten israeli hostages were
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov