one hour from now, president biden is again going to host the top four members of congress and for potential june default date, and no closer to the deal to have catastrophic outcome, and speaker mccarthy is going to tie the debt ceiling to spending cuts and work requirements and biden is going to call for the debt creeling to be dealing with the condition, and if you are going with what the two sides are saying for the two hours, the forecast gloomy, and arlette seanez is at the white house. at some point, someone has to give up something, and can we find out what the potential concessions are today? well, brianna, in about an hour, we should get a glimpse of where the concessions are headed as the white house is going to be hosting kevin mccarthy and other congressional leader here at the white house. heading into the meeting, the expectations are low that they will come out with a concrete agreement with a default. and you heard house speaker kevin mccarthy who said toda
Morning as authorities warn residents to stay inside. Just 48 hours left for Donald Trumps codefendants to enter their pleas or get ready to appear in court in georgias Election Interference Case. We start in the remote nevada deserts where tons of thousands of trapped concern growers are trying to Organizer Plan to reopen roads in about two hours after sudden storms turned the annual gathering into miles of mud. So thick that some are comparing it to quicksand. Others are starting to hike out after being warned to Shelter In Place and to conserve food and water. The situation so concerning, even the president has been briefed. The festival ceo told my colleague chloe melas, theres no cause for panic. Weve made it really clear that we do not see this as an evacuation situation and that the community is patient and the water is drying up. I want to give right to nbcs liz kroits, and Michelle Grossman standing by with the forecast. Thank you very much. Liz, the announcement should come a
With yields hovering at 16year highs, technology is under pressure. Well tell you what the Options Market is saying about the big names, including microsoft, amazon and alphabet reporting next week. First, though, dom chu, welcome back. How is it looking . Pretty red right now, although off of the worst levels of the day. But technology is leading the way lower here. The nasdaq is off about 105 points, three quarters of 1 . The dow industrials, the outperformer, only down about one quarter of 1 , 93 points. The s p 500 is kind of where the rubber is meeting the road today. Its sitting down one half of 1 . Its been a predominantly down day. We were down two points at the highs of the session, but down 48 points at the lows, so in between that range. But remember, watch that level. 4233 is what some traders are watching right now. That represents the 200 day moving average. That kind of average price on a longer term rolling basis for the s p could be an area of support, maybe not. But a
Plus, the season of strikes set to grow even larger. Today, with more than 75,000 Kaiser Permanente workers possibly walking off the job. And then later, we have a rare downgrade for apple, like key bank says, it is taking a fresh look at the stock. It is wednesday, october 4th, 2023. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start your day. We kick off the hour with the checks on u. S. Stock futures. In the red across the board. The dow looks like it would open up 30 points lower right now. This after the dow posted its worst day since march, falling nearly 1. 3 . Similar story for the nasdaq and the s p 500. Both of them closing down. 1. 8 and 1. 3 respectively on the day. We also want to look at the russel 2000, negative for the year and seen as a leading indicator of a possible u. S. Recession. You see the move this is dow transports. Dow transports dipped below the 200 Day Moving Avera
Seeing trumps very own words and rhetoric in a court filing as it gets. Attorneys for the expresident accuse the Special Counsel of asking the court to, quote, take the extraordinary step of stripping President Trump of his First Amendment freedoms during the most important month of his campaign against President Biden. They say, quote, now keenly aware that it is losing that race for 2024, the prosecution seeks to unconstitutionally silence President Trumps but not President Bidens political speech. On pain of contempt. End quote. Now, if all this sounds familiar, its because trumps attorneys have been making this argument for months now. As the New York Times notes, almost from the moment mr. Trump was indicted, his legal team has raised a First Amendment defense. Its also a defense that jack smith anticipated. His indictment of donald trump on the Election Interference Case says on the second page, the defendant had a right, like every american, to speak publicly about the eleioand