Google tkicks off the annual Conference Today the day after openai. The read on retail as home depot sets to report in an hour from now. Later on, a tuesday tieup as uber makes a 1 billion bet on taiwan. Its tuesday, may 14th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im dominic chu in for frank holland. Lets partkick off the equity futures after the dow snapped an eightsession winning streak. Futures are slightly big. The s p is higher by 4. The nasdaq is up 19 to 20. Checking in on the bond market ahead of the busy day for fed speak headlined by chairman jay powell at 10 00 a. M. We have get the read on Producer Prices at 8 30 a. M. Eastern time. Ahead of that, yields are lower. The tenyear yield is 84. 477 . The 30year long bond at 4. 62 . Trading like its 2021. Were watching shares of meme stocks. Gamestop, amc, some of the original ones out there both nearly doubling in value yesterday and set to open higher this morning.
Look at the 10 year. Down two points. Adam celeb ski is stepping down. Aws account for most of amazons profit and the new ceo is that the units top sales and Marketing Executive ventures of oracle are rising after information was reported x ai has been talking to oracle executives about spending 10 billion to run cloud servers from the company. At the deal would make x i x ai one of oracles largest customers. Lets bring in ed ludlow. Lets start with aws and changes in the csuite. What we know about matt garman . Ed matt garvin is a long time or at aws. He started in 2005, fulltime in 2006. He went from being a product guy in the early days of aws, particularly on the compute side. Andy jaffe task tim moore with demand on the lead generation side, being Vice President for sales and marketing around the world. Selipsky stepping down as a bit of a surprise but he leaves aws and a pretty rude health. The annual revenue run rate is starting to show signs they are starting to make money, sal
Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i
You have the nasdaq up by almost 9 treasury yields are a little weaker t tenyear yield at 4. 814 . And openai will have a product Conference Announcement today. Sam altman said they will not launch a Search Engine, but working hard on new stuff they think people will love and feels like magic to me according to people close to the information. This Technology Rolls Image Recognition into one product for advanced Voice Assistant and separately or maybe not separately, you will see how things are coming together apple nearing agreement to use openai and its technology on the next generation iphone to allow apple to offer the chatbot as part of the features that are coming next month. The big issue there, by the way, to understand all of this, openai is now processing all of its queries in the cloud apple, for privacy reasons, is to query all with siri and on the device processed on device. The question is going to be is there a clever way with some of the Openai Technology ends up being
Yesterdays gains related to treasury yields tapering off. Coming back down after really watching them march higher. Above 4. 6 . 4. 54 is the yield for the tenyear treasury. We have seen calming down at this point of yields. We will see where that continues. Late last night in washington, lets talk what happened. Republicans passed three of four spending bills in the house and a push to avoid the Government Shutdown. Lets go to Emily Wilkins in d. C. With more on it. Good morning. Reporter good morning, andrew. You are right. There was a little bit of victory for House Republicans. Lets be clear, congress has no plan to fund the government before sunday at midnight. That means we are looking to have a shutdown at this point. The house and senate on looking to have progress today to keep any sort of shutdown as short as possible. The house passed three of the longterm funding bills. None prevents a shutdown. The hope is to build support for a shortterm measure that members will vote on