Clawing back. And nvidia is bouncing after lossing 13 last week. Theres the stock up nearly 5 right now. Meta, microsoft, alphabet all higher as well as we enter the final stretch. The first of the megacap names to report. Yields are steady. Thats been the case of late. Looking at the ten year, 4. 62. The pce report coming on friday and thats looming especially large given the backup in Interest Rates. It takes us to our talk of the tape. Where is the next move for psps stocks likely to be after the end of the week. Lets ask gabrielle santos. What do you think about this week, last week was rough. Do you think the worse is behind us . I think there are two separate things going on. The first was the initial macro driven correction we saw in stocks that affected a multitude of sectors related to Interest Rate volatility related to inflation, expectations overshooting. Related to the move higher in oil and the dollar. I think early signs that that one has run its course if you look at fe
Tenyear note at 4. 556 . Twoyear note at 4. 927 . As you imagine in the energy world impacted by this. Wti crude is not impacted much. Check out crypto. For you trying to watch what the markets may do over the weekend as people were focused on bitcoin since it was trading as the strikes were taking place. 6 66,609. What was the low, mike . Low 60s. I was actually on twitter trying to understand the maneuverings because of the thesis, if you will, around what bitcoin should or should not be in this moment. It doesnt conform to anything lyinearly. This was pretty well telegraphed. You have the broader context which is typically an expected potential escalation of geopolitical conflict is not the thing to really drive the next weeks and months in markets. I do think markets are dealing with other stuff. Right now, a little bit of pressure is taken off because doesnt look to spiral. Oil is in the lied. Lead. The other part of it is were only getting back at the open if this is how it stand
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Im wilfred frost. Im seema mody in for sara eisen. Good morning to you. Great to have you with us great its friday. Feels good. Lets check in on the markets. We did get a bounce back yesterday from what has been a week or so of softness with a few pullback days, no significant gain days until yesterday. We saw 0. 8 of gains for the dow and s p. It was a bounce back from some of that softness but also earnings driven, walmart up 10 . A huge gain. Cisco, gap, best buy, some Companies Reporting earnings to beat forecasts we are called lower. The dow down 40 points the nasdaq down a couple points. S p down 4 points. That gain yesterday seems a little bit temporary week to date, the s p before today was up fractionally. The nasdaq is up about 0. 6 . Tenyear treasury note has recovered in the second half of the week in terms of the yield rising the price falling. We did fall to the low 2. 3s earlier in the week. Up to 2. 36 now last friday we closed 2. 4 asian equities climbing for a second
Im Carl Quintanilla post 9, new york stock exchange. What a show. Very busy hour ahead on squawk alley. Exclusive ceos with sanjay mean stitch fix ceo white house preparing for vote on tax reform following yesterdays procedural snag. El ylan mui is on capitol hill. Right now lawmakers are debating and voting on proerm measures the real meat of that vote will not happen until roughly noon. Every republican in the senate overnight did vote to support the tax bill one of the last to get on board was jeff flake of arizona. He put out a statement just recently saying he would have written a different bill, that he does believe lowering the u. S. Corporate rate will help make america more globally competitive. One provision that didnt make it into the bill was president trumps pledge to end the preferential treatment for carried interest that pledge was the victim of the weve been trying to cut carried interest, weve probably tried 25 times. Why not we hit opposition in that big White Buildi