Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me. Lets check in on the Global Markets. After u. S. Equities ended with positive gains yesterday, more than half a percent for the s p 500. Dow futures under just a tiny bit of pressure. Down nearly 4. S p 500 futures down almost 2. Nasdaq futures down 11 points. Lets check out the tenyear yield. Yields backed off the highs yesterday. That core cpi, Consumer Price index coming in a little soft. That led to yields lower, 174 is the yield on the tenyear. More than 60 chance that the fed hikes this year. Though its not really moving much from that 60, 65 chance. Its not fully priced in. Tenyear yield off the 180 level. The equities, even though gains were not huge, they were broad. All 11 s p 500 sectors in the green yesterday. Lets look at the global story this morning. China gdp. The economy there growing 6. 7 year other year in the Third Quarter. Interesting that matches the aim and also the last
Estimates. Road map begins with eli lily abandoning an important Alzheimer Drug, stocks down more than 13 in the premarket. Well have an exclusive interview with meg whitman, corporate americas relationship with president elect trump on the agenda. And the countdown to black friday and a cheerier Holiday Outlook for retailers. The winners straight ahead. First though to some news this morning on the continued search in the transition for the next treasury secretary of the United States. That list does appear to be shrinking. We can tell you this morning that jon gray, the man who runs the real estate business at blackstone, one of the more senior members of course of that firm, is no longer being considered for treasury. It had been reported earlier this week after meetings over the weekend that mr. Gray along with of course Steve Mnuchin who was the Campaign Finance manager for the Trump Campaign were perhaps two of the few candidates left for that post. But this morning i can tell yo
This show just about to kick off. Remember apple has four different operating systems, right . Mobile, mac, watch and tv so there should be a lot to talk about today. Two really big pieces of news were anticipating, tyler, one has to do with siri, that voice activate ed Virtual Assistant a you could use siri to order an uber. There is this fierce war when it comes to Virtual Assistants. Apples siri, alexa, google assistant. These tech giants maybe could use Virtual Assistants to move hardware. For example, the team at forester think theyve sold 3 million amazon he can coast. Maybe you open it up and get a piece of that but first and foremost even before the Business Model all these tech giants and event, developers and consumers and investors that theyre all keeping pace with each other and whats thought about as the next great phase of personal computing, also today we think were going to get a makeover to apple music, remember, it was just a year ago apple music was the talk at this
Near the all time high as the start of earnings season i can cans off. Alcoa tonight. Twitter will live stream the republican and Democratic National conventions. This on the day that the stock gets a downgrade from sun trust. You will look here at a live shot of the microsoft worldwide partner conference where they Just Announced a partnership with general electric. Well talk to Satya Nadella and jeff immelt later on. After fridays job report rally the s p beginning the week within a point of the alltime closing high five points from the intraday high. We head into the unofficial start of earnings season. Alcoa set to report. What a day to come back. Tgs rejuvenating. Take a week off. Im thrilled for the opportunity. Thank you, cnbc. Italy, amazing. You have a full week off. Okay. It was hard. You know. Without you. It was hard. Dont do it again. It was frustrating not to check in. Didnt check in. I will say this. Fridays rally, felt like what the market used to be like when we made n
Im been in apple but i added above where they were able to get in because i added when it started to drop, it got to 97 or Something Like that and it got down even further and that is where it seemed like it started to bounce when we heard the buffet group was getting into this thing. So i tend to be with them. I look at this company and for all of the reasons that everybody talked about forever, when you talk about valuation or the cash position and also you have the new products that are coming out over the next couple of months into the second half of the year, i dont know that they are going to be the best products cycle that theyve ever had but they always seem to do well under the new psych cycle but i think this will be different. And this run has led people to believe that maybe apple is finally back after sort of spinning wheels for a bit. Sure. But lets contextualize. As a stock. But lets put it into context. It made back the ground it lost since apple and right back at the l