And just how high the a. I. Trade can fly. And tracking Consumer Spending trends ahead of the unofficial kickoff of summer its friday, may 24th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Thank you so much for being here with us. Lets get you ready for the trading day ahead. We kickoff the hour with the stock futures check. Take a look. The futures are in the green. The dow would open up 20 points higher right now, the markets are looking to rebound from the selloff fueled by concerns of the fed and outlook for cuts that negated another Strong Quarter from nvidia. The dow had the worst day since march falling more than 600 points closer lower by 1. 5 . The nasdaq and s p 500 having the worst day since april with the s p on pace to snap a fourday win streak. For weeks, we have been debating if the earnings were the driver for the fed. We got our answer yesterday. Stronger than expected pmi numbers weighed on investors with
Collectively punished for the groups attacks on october. The 7th, although nothing was on on the one that has no Transportation Fuel ambulances cause we tried to find a cod just to move his body, but nothing so many been killed. Its a mastercard, we kind of in theory that buddies we kind of identify how people use well continues to insist it has the right to defend itself. But the question is at what cost . The so i just see that i sold southern as well lets bring in some other well news. Now after weeks of deadlock republicans have elected mike johnson, the speaker of the house of representatives, the louisiana congressman. As an ally for my president , donald trump is election and followed bits by 3 of the candidates that failed to win enough support from hotline. Republicans chamber has been unable to possible since Kevin Mccarthy was ousted within 3 weeks of the 1st bill that im going to bring to this floor. And just a little while i will be in support of our guest, your friend isr
Be found trying to find a lasting, peaceful solution to the different conflicts in the middle east, especially the conflict between israel and palestine. Shares in ladbrokes soars. Well speak to the gc vshv ceo a few minutes time. And bitcoin surges to over 14,000, a move that took it 2,000 higher in just over 24 hours. Welcome to street signs. Im willem marx. The stoxx 600 is up slightly more green on the board than red. A lot of that being driven by the specific action in the markets across the continent lets look at the ftse its up a quarter of a percent the xetra dax up a third of a percent. Thats despite steinhoff, the furniture retailer dropping significantly in early trading the cac cin france up more than 0. 5 the ftse mib in italy up around 0. 3 lets look at the specific sectors driving some of this action travel and leisure the biggest winners so far, up 0. 4 you can see autos trading quite strong on some of the news out of that sector telecoms and media some winners. It look
Street. You see the s p 500 and the nasdaq the nasdaq is up about a third of a percent, dow industrials unchanged, but still showing negative today. Exxon mobil and chevron, the biggest u. S. Energy producers, hunkering down for a prolonged stretch of week prices. They posted their worst quarterly performance in three years. The lowestting profit since 2009. Chevron reported its lowest profit in more than 12 years. The marketcing route forcing 2. 5 billion in writedowns and charges. 1. 5 . Brent crude down gold futures, they are up. Beenet they really have the driver year. Looking at treasuries, you see buying there. It is so much more sensitive to where Interest Rates are headed than on the longer end of the yield curve. That 10 point 2 . Look at the 10year yield over the past month. Coming down we do not measure by percentages, but 15 basis points. 2. 2 . At looking at currencies, the dollar takes a hit today. Look at my bloomberg terminal. The eci, the employment cost the big legut