Smiths case . Plus, americans in iran, out of prison and now under house arrest. The rare move marking a bright spot in u. S. Iran relations. The new details were learning about the tentative deal to free them and what iran is getting in return. And senator joe manchin says hes seriously thinking about leaving his party as he weighs his own political future. Why manchin might be stepping away from the democrats and what it could mean for the Balance Of Power on capitol hill. Good morning and welcome to Way Too Early on this friday, august 11th. Im jonathan lemire. Thanks for starting your day with us. And well begin with breaking and tragic news out of hawaii where wildfires continue to ravage the Island Of Maui. At least 55 people are now confirmed dead, and that number is only expected to rise. Four major fires are currently burning across the island. Theyre being fueled by dry conditions and strong winds caused by a passing hurricane. The fires have destroyed Historic Buildings and
And gilt yields higher. The soft july u. S. Inflation print sees the highest week as markets now decide the fed is all but done with hiking rates. And x corps Linda Yaccarino has full autonomy and tells cnbc in the exclusive interview that major advertisers are returning to the platform. As we go through the plan that it stuck with us and brands coming back. Are they coming back . Cocacola, visa, state farm c theyre coming back. Good morning welcome to street signs. It is friday im going to bring you breaking news that we have from the monthly report this is the oil report ill bring you the major headlines which have come through. Mainly the iea says Global Oil Demand is still set to expand by 2. 2 Million Barrels a day in 2023 that is steady from the previous forecast World Oil Demand will hit a record 103 Million Barrels per day in june and august could see another peak that is interesting. They have, however, lowered the 2024 Global Oil Demand forecast to 1 Million Barrels per day t
after the deadly insurrection at the u.s. capitol, the panel tasked with investigating the attack is now out with its final report. and the committee points to one man as responsible for the riots. former president donald trump. nbc news capitol hill correspondent ryan nobles has the latest. reporter: overnight, the january 6th select committee releasing its final report. a more than 800-page narrative that concludes former president donald trump is directly responsible for the violence on that day. it was something that i think for most americans it was beyond imagination. reporter: the report providing evidence trump and members of his inner circle in an effort to cling to power and overturn his election defeat, quote, engaged in at least 200 apparent acts of pressure and condemnation in the two months between the election and the attack on the nation s capitol. if it had not been for the encouragement of donald trump, it would have never occurred. it would have been
That is the new high going back to august 27th, now settling back to 4. 76. Rick santelli is here with the latest on yields for us. We will dig into what todays report is really telling us about the economy and the fed and biomet is tracking the Housing Market. Before we dig into that, lets look at todays market action. This is quite a turnaround. The s p is at 42. 97, up 39 points. At one point today, post jobs number and everything else, we were actually down 39 points. We got as high is up 47 on the day at one point today. That is how big of a swing it was. We took out yesterdays lows and at the highs, we take out yesterdays highs. That is how big of a swing it has been so a lot of people watching this turnaround say what could it all mean, that is a conversation were going to have later on in the show. The dow is up 246 points. The nasdaq, up nearly 1 1 4 , 160 points for the nasdaq composite of. As for this week in review, all morning, we have been saying we are on the precipice o
Dow was down 2. 25 . If you look at what has been happening with treasury yields, this is the question. Will the fed cut and by how much the question is when. The tenyear note at 4. 44. We have seen yields push up. I think traders are actually betting that two rate cuts are more likely this year. Just seeing that in the fed futures at this point. We get inflation data this week with the cpi. That is key. Last week, we were talking about the jobs report and people were saying the Inflation Numbers are more important. The jobs number is big. We will talk to Mohamed Elerian about the topic later. And breaking news. The Biden Administration announcing funding from the chips act. Taiwan semiconductor is giving 6 billion in grants and 5 billion this loans for the factory in phoenix and then a third was announced. Gina raimondo will be on squawk on the street to talk about the chips act and the award at 9 30 a. M. Eastern. That is good news for Taiwan Semiconductor and good news for america.