Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. Alan parker will stay interim until scharf joins the company the Conference Call is under way and well bring you developments on that. He had quite a run at visa and left for geographic reasons really. Yes, he did able to stay in new york, his family still going to be with him. One daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell you, congratulations, or as people would say, as president ford would say, their Long National nightmare is over. I t
It is not but we are thrilled to have you here lets take a look at where the u. S. Equities are. Dow up by about 72 points. With these gains, the dow would actually erase the loss for the week at these levels s p up about eight points. S p up around 7. 5. Youll see the 10year note is yielding 1. 716 Global Markets continue to follow the headlines learning trade talks between u. S. And china are set to resume october 10 sources say Vice President premier lu will represent the delegation weve had lower level things happen but this is the next big event. Its the back drop amazing. Trump keeps plugging away. There is so many Business News headlines i think Portfolio Managers are losing sight we are coming up on the quarter. The dollar rally but most of the conversations im having right now, it centers on the Fourth Quarter of last year everyone is reflecting upon it and thinking to themselves basically, you go into the Fourth Quarter of a Football Game with a 207 lead and end up losing 272
With more. Well, john, ahead of tonights debates, both facebook and twitter are making changes and announcing Different Things that they are doing to show that they are unbiased and they also want to be tools for civil discourse and valuable information, not for the spread of fake news now, twitter will be broadcasting the debates in english and spn aish with tools to make those live streams easier to find twitter is enacting new more stringent rules to enforce what they call healthy election conversation explicitly prohibiting manipulating or interfering in elections, including efforts to suppress voter turnout cracking down on spam as we twitter will regular lu disclose efforts to manipulate the platform and political and issue ads will be explicitly identified to you a void accusations of bias, both twitter and facebooks policy teams have been in touch with the dnc, rn, and all Campaign Teams Facebook Says those organizations can reach out it to identify suspicious behavior which it
Tech bouncing back microsoft and alphabet up sharply. Plus the Biden Administration is awarding micron 6 million in federal grants to boost production of chips in the state of new york and idaho. Were going to discuss all that with microns ceo. Hes live at post nine and the oil giants, exxon and chevron, both posting lower First Quarter profits. Mike wirth will join us this hour well go over those results. Lets begin with the markets and this mornings inflation data, highly anticipated, jim, not just core pce but best couple of months on spending in about a year look, this is a front frontsybacksy day versus what we got im going to mention somebody. You tell me if you agree pangloss pangloss. Panglossian number. Were taking the s. A. T. This morning . Thats where youre starting the show today on this friday in late april you want to explain that to everybody else the bonds are right i have to tell you, carl, last night im sending a note to ruth in the middle of the night, fantastic. Al
A and putting the eye on the funding measure for yoshi son. It is thursday, september 28th, 2023 and you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kick off the hour with the check of the u. S. Stock futures basically flat across the board. Dow would open up 30 points lower. It is early. Stocks coming off a mixed session, but down for the month and quarter ahead of the open. The s p and nasdaq are on pace for the worst month since december of 2022 you see the down side action here the nasdaq is hardest hit down 6. 5 we are looking at the bond market yields at the 5 and 10 hitting the highest level since 2007 4. 63 for the 10year treasury the 2year treasury is rising since yesterday now at 5. 13. We are looking at the Energy Market and oil is moving higher to the upside. Oil at the highest level since june of 2022 9 93. 85 brent crude is up with natural gas down. 50 . Lets turn attention back to equ