Points, desantis still second but hes down 6. Third, 16, his up next. 44 went with biden, 41 with trump. That slim lead is within the margin for error. Georgia, the Fulton County da wants to put donald trump on trial on march 4th, 2024, that is the day before super tuesday when it doesnt states hold primaries. Trump goes into a guaranteed chaotic trial the day before what may be the deciding primaries for the president election. In my opinion thats a delivered intrusion of a politicized judiciary. Stocks took a hit after the Federal Reserve hinted at more rate hikes to come. The dallas morning up 45, s p up 16, nasdaq up 65 lose this is what has so many investors worried, slowly Rising Interest Rates, the yield on the 10 year is about 41 4 . The two year yielding 5 , it is for 94. I will quote bitcoin because there is some movement. It has dropped below 29,000. Gas, no change, 3. 87 is your average up 0. 31, look at diesel, up another one sent overnight, 4. 34 the average up a whopping
[indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key officials to help mitigate the fallouts if the Silicon Valley bank and Signature Bank failures early this year. We are very lucky to happen with us today. I suspect that this afternoons event must feel like a bit of a victory lap to the fdic chair given in 2019 he sadness very real and ward in great detail about the risk of failure by a large Regional Bank. His remarks, which are required reading for anyone trying to understand the issue, he w
Of earnings. The coo will join us as questions over the health of that sector linger as rates keep rising and mortgage demand keeps dropping, theres one housing name positioned to benefit from a rising rate environment. The ceo will join us ahead but we begin with the markets and bob is at the New York Stock Exchange weve been on a little tear lower the past few days, bob really the past two weeks so weve been trying to rally midday, thats a typical pattern. Then we just move down late in the day. We were positive earlier in the day. Take a look at the major indexes. The s p is down 10 of the last 12 days. Same with the russell 2,000. Its down 10 of the last 12 days nasdaq composite is down 6 from its recent highs the dow industrials have been holding up better than the other averages, and thats primarily because its a little more defensive. Its got some consumer names in it take a look at some of these names this month you can see amgen has been an outperformer for the dow johnson joh
Session. The French Market has been up 1. 3 for the week. Fresh alltime intraday high yesterday. Although there is softness on the dax, we are seeing fresh territory. As we get going this morning, we are seeing green moving on the board of the stoxx 600 and fresh alltime highs yesterday. We are looking for the levels to be breached today. Stateside, data is expected which is producer prices. The last seven, the market was questioning the theory of the deep disinflationary cycle. Just challenging the narrative on that perhaps thinking we may have sticky inflation. What we are reading the ppi prices is key. On the consumer, we will see how resilient main street is at this stage as we continue to see pressure on the household wallets. Retail sales will be important. We have a little bit of green on the boards. Up modestly at the sector level which suggests we are mostly positive. A couple of red arrows at the start. Basic resources down. 25 . Shuffling weaker with the banking names. Stand
You about how Retail Investors are feeling right now. Well explain. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight steve grasso, karen finer man, dan nathan, and guy adami. The s p rising 0. 6 . The nasdaq up 0. 4 . Well get to that in a minute, but first, new signs that the Retail Sector is ripe for some dealmaking. Shares of nordstrom popping more than 9 after reporting of its founding family is looking to take the company private. This news coming after similar attempts six years ago was ultimately unsuccessful, but it is far from the only deal percolating in this consumer space. Macys saying its agreed to open its books to potential acquirers. It and kohls have attracted activist interest in weeks. And theres tapestrys deal for capri, which is expected to close later this year. And shares of American Apparel giant Gildan Activewear popped after the board said it has several potential buyers for the company. Is this just the start of a coming wav