Target is looking to shut stores. Costco said its not a major problem. President biden urges uaw workers to stick with the strike while elon musk says the demands are a sure way to bankrupt the big three. We will get to costco in a minute. Lets start with the markets looking to rebound from yesterdays selloff. Jim, you have said this morning be careful, dont bite too soon. Thank you. Because you come in, now i have to tell you that when i was watching Frank Holland this morning, looked like we were about to have a breakout, then we go back down. What i want people to understand is october is a good month. I can understand you trying to position, but i also am more worried that Interest Rates, which did not go higher on the durable goods, the Interest Rates could reverse, and, david, i dont care what month were going into. This market, as weve indicated is really about Interest Rates. Its not about, as much as people might want to say, its not about earnings. The earnings we have had th
Im Carl Quintanilla post 9, new york stock exchange. What a show. Very busy hour ahead on squawk alley. Exclusive ceos with sanjay mean stitch fix ceo white house preparing for vote on tax reform following yesterdays procedural snag. El ylan mui is on capitol hill. Right now lawmakers are debating and voting on proerm measures the real meat of that vote will not happen until roughly noon. Every republican in the senate overnight did vote to support the tax bill one of the last to get on board was jeff flake of arizona. He put out a statement just recently saying he would have written a different bill, that he does believe lowering the u. S. Corporate rate will help make america more globally competitive. One provision that didnt make it into the bill was president trumps pledge to end the preferential treatment for carried interest that pledge was the victim of the weve been trying to cut carried interest, weve probably tried 25 times. Why not we hit opposition in that big White Buildi
We get the unofficial kickoff to earnings season. Its thursday, june 27th, 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 ahead. We kickoff the hour with a check of the futures. Look at futures. In the red across the board. All three indices down. The dow would open up 30 points lower. Today, the issue is big tech with the nasdaq off the second straight day of gains and another historic market cap milestone. This time around is amazon. Becoming the fifth u. S. Company to ever hit a 2 trillion market cap. Much more on amazon later on in the hour. Shares in the premarket, down slightly. We have the First Quarter gdp read today. The benchmark is ticking up 4. 33. We wait for the economic report and, of course, pce coming up tomorrow. That is the money set up. Lets see how europe is shaping up its trading day with Arabile Gumede in the london newsroom. Arabile, w
8. Checking on treasury yields. The tenyear yield at 4. 335 . 4. 751 for the twoyear treasury note. The yen is also a big story that system pacting the treasury market as well. It hit a 38year low against the u. S. Dollar yesterday. 160. 88. The thinking about intervention. It is almost a foregone c conclusion. Thats something to watch. You got your notebook . I have a notebook. I write notes every morning. I dont know what you do. Becky todays that, too. I have it by date. Go to a blank page. Okay. Are you going to try to guess numbers . Im going to tell you whats on todays squawk planner. Im throwing my pen. Do not throw that down. Whatevers in the squawk planner is already in my notebook. I take notes during fast money. Todays squawk planner. Several Economic Data points. You have gdp revisions and weekly jobless claims and may durable goods due at 8 30 a. M. May pending home sales comes out at 10 00 a. M. We hear from walgreens around 7 00 p. M. Ive told you that all my movie refer
8. Checking on treasury yields. The tenyear yield at 4. 335 . 4. 751 for the twoyear treasury note. The yen is also a big story that system pacting the treasury market as well. It hit a 38year low against the u. S. Dollar yesterday. 160. 88. The thinking about intervention. It is almost a foregone c conclusion. Thats something to watch. You got your notebook . I have a notebook. I write notes every morning. I dont know what you do. Becky todays that, too. I have it by date. Go to a blank page. Okay. Are you going to try to guess numbers . Im going to tell you whats on todays squawk planner. Im throwing my pen. Do not throw that down. Whatevers in the squawk planner is already in my notebook. I take notes during fast money. Todays squawk planner. Several Economic Data points. You have gdp revisions and weekly jobless claims and may durable goods due at 8 30 a. M. May pending home sales comes out at 10 00 a. M. We hear from walgreens around 7 00 p. M. Ive told you that all my movie refer