Sweet caroline. Good times never seemed to so good. Ive been inclined. To believe they never would. But now i cheryl welcome to fbn a. M. Good morning, everybody. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl once again, we do have red arrows. Investors really focused on china and the trade talks. Its been months of negotiations. Dow is down 21, s p down 2 and three quarters, nasdaq down 4. Lauren markets are china are back open after a week long celebrating communist rule. The nikkei is up 1 . Cheryl in europe this is another trade sensitive story, there is brandnew news on brexit were going of to get to in this hour. The ftse barely higher, the cac and dax are lower. Well, trade, once again front and center this morning. High level talks are set to kick off later this week as deputies are trying to work on a deal between china and the united states. But there is a major Sticking Point that could hold up this entire negotiation process. Lauren for more on this, le
The week as a whole for the three indices. Road map starts with 30 minutes after the jobs number, good news is bad news again. Over 200,000 added in the month of june. That has stock records in the rear view mirror as data may ease pressure on the fed to cut rates. Futures in retreat, moving sharply lower to start the morning. While the u. S. Is on holiday, europe took out the elegant gun on big tech. Both parties in the uk back to target big tech and france moving forward on attacks on the likes of facebook and google the employment rate ticked up to 3. 7 as more people entered the workforce. Wage growth slowed a little bit in june, but remained at 3. 1 year over year for a second straight month perhaps more importantly, though, we did see average Hourly Earnings 0. 2 versus the 0. 3 expected. Mike, your take on this as to whether it really alters the chance of a 25 basis point cut in july. Not very much it injects a little bit more uncertainty than probably traders were hoping for to
Gets shown the door and off the earnings call. And later, more job cuts at tesla after marking the best day in weeks. Its tuesday, april 30th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day hahead. We kick it off with the look at the futures after the positive day for wall street yesterday. A different story today here in the red across the board. The dow would open about 70 points lower. For the month, dow, s p and nasdaq snapping fivemonth win streaks. The dow tracking for its worst performance since february of 202. For the month, chevron and American Express is leading the dow and home depot bringing up the rear. The fed kicks off the twoday policy meeting today. We have seen yields pull back from the levels we saw yesterday. The benchmark at 4. 62 . The twoyear yield at the 5 yield. Bitcoin is popping up above 61,000. Bitcoin is sliding a bit. Down below
Westminster and twelve leonardtown and five fredericksburg and everybody off to cold start. No high temperatures above freezing. Ill have the details on this cold blast here to stay believe it or not next weekend. Coldest air yet arriving saturday and sunday. Details on that coming up. 13 this morning. High temps in the mid 20s. More weather back to you. Thanks, tuck, a few School Systems west of districts opening late today because of fridgeit temps, clark county, virginia schools on one hour delay this morning andal gapey and garrett countrys in maryland on two hour delays. And hampshire and West Virginia also delayed two hours and Orange County virginia schools you are on a two hour delay as well. Developing right now fox5 on top of major problems because of this major cold. South east d. C. A burst pipe flooded gas leak. Theres no electricity and theres no heat in crimeer middle school on q street in southeast and Melanie Alnwick is there. Shes live with the latest n now. Mel. Repo
2016 is almost in the books, and what a year it was. Conventional wisdom was turned on its head, both politically and economically. Even the stock market was turned upside down and inside out. It was the worst start to a year ever, only to end up with a string of record highs, and that wasnt all. Heres your 2016 year in review. Naughty or nice, it was middecember by the time we got the years first and only Interest Rate hike. We expect the economy will continue to perform well. But will it . 2016 quickly became the year to expect the unexpected. Were going to win florida. Oil prices hitting 13year lows in february, below 27 a barrel. Recession fears flying, the stock market tanking. But almost as quickly as they dropped, stocks turned sharply upwards in february. Go figure. A brexit vote, terror attacks nothing kept stocks down for long. Perhaps the biggest shadow cast on Election Night in the united states. Here are the raw numbers for you. Implied open lower of 776 points on the dow.