A lifeline for sears that may be too little, too late. And the wait is over for baby yoda fans everywhere it is friday, february 21, 2020. Worldwide exchange begins right now. Good morning. Happy friday welcome to the show. Here is how stock futures are setting up their friday today. You can see here, stock futures indicating 140point drop for the average. S p open down about 17 points. The nasdaq is off by about 75. This is after a wild ride that had the dowdown about 350 points you can see there in that time lapse, a huge volatile trade in yesterdays session. In the bond market, 10year benchmark below the 1. 5 mark. 1. 48 there. Twoyear at 1. 37 . Treasuries a key focus as people buy up the safety of u. S. Government bonds lets send it over to Joumanna Bercetche in london with an update of what is happening around the world good morning. The handover from wall street has been interesting we are seeing a little green here shanghai composite up. The tech sector slightly better up 1. 1
Week for the nasdaq. That is the first time youll see stocks down for the major averages in three weeks. This morning, we are still near alltime highs for both the s p 500 and the nasdaq looking at the treasury market, right now, 10year at 1. 486 some additional pressure concerns about Global Growth and what it will mean for the economy. S p was out saying for the year, you could see chinese growth at 4. 4 for the full year that concern if they see a peak to the virus in march. All these new highs and goldman talking potential correction i can see how the case could be made right now is there anything more than a possible Global Pandemic i think about it it is hard to buy any stock that wouldnt be impacted by a bad outcome in this. Right people assume it will be a vshaped recovery and that it will happen sooner rather than later. With coronavirus. After it going away. But we dont know if it goes away and we still dont know what kind of numbers we are getting. It appears it is slowing a
Plus, oil markets squeezed again as russia and saudi arabia send more shockwhataves throughe market and china throwing more stimulus at the private sector to boost the struggling economy in the recovery. It is friday, august 4th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dominic chu in for frank holland. Lets kick things off with the u. S. Stock futures after the s p and nasdaq turned in a Third Straight day of losses, futures right now showing a brighter picture, at least for now. S p implied higher by 15 points. Dow jones industrial average implied higher by 55 nasdaq up 83 a tech recovery may be in the works. This is ahead of the july jobs report economists are expecting employers to have added jobs at the slowest pace since december of 2020 at just 209,000 net new jobs for the month checking on the bond market. 10 2year yields yields on each up 5. 5 to 6 this week alone. The 10year treasury is 4. 91 . Slightly lower the 2year treasur
Of rainfall later on this morning into early afternoon and behind it, stash of cooler air. This is all the speckled cloud cover right here. Cellular clouds, a sign of unsettled weather chance of thunderstorms and usually a sign of much colder air to. And so thats something you can expect a cool down chance of thunderstorms into the afternoon for the sierra. It is feet upon feet of snowfall. Futurecast shows that blue gradually expanding into tomorrow and especially saturday morning as snow level falls to 1500 to 2000 feet. That does mean some snow in upper elevations in the bay. But for the sierra 5 to 12 feet of snowfall in our higher elevations. That is going to completely put travel at a standstill up into the Sierra Nevada. Do not be heading up. Theyre extremely dangerous conditions. Snow is already kicking off and only intensifies into tonight tomorrow and saturday and it is going to take several days crews to get up there and clear all that out. So if youre already up there and p
Current Monetary Policy is too tight. A few months of good data is only the beginning of what it will take to build confidence that we are moving to our goal. U. S. President biden calls on congress to pass a fresh Security Package for ukraine and israel worth 100 billion. Saying america holds the world together. Put all that at risk if we walk away from ukraine and turn our backs on israel. Its just not worth it. Uk retail sales slide in september after they struggle with the Consumer Confidence. Andrew bailey expects to see inflation pull back, but warns the tight labor market is a key concern. Warm welcome to street si signs. Lets get straight to markets. We have bounced off the lows and we saw 20 minutes ago where the stoxx 600 hit a sevenmonth low. Several off 1 in the early hours of trade. We are 1 lower for the majority of boards. Ftse 100 out performing and holding up being down 0. 4 . This has been a global fee non man in. You we have the hang seng down. 80 . Similar in the sh