Highest level since 2006. So were going back an additional year than what we have been looking at recently. 2year is down 5. 18. The 10year note is yielding 4. 8 and the 30year has ticked a little higher at 4. 95. Meantime President Biden landing in israel early this morning and met with israeli Prime Minister Benjamin Netanyahu. Nbcs jay gray joins us this morning from tel aviv. Jay. Reporter hey, there, good morning, guys. Yeah, the president meeting with Benjamin Netanyahu as you talked about and later today with the war council. Who hell not be meeting with is his arab allies. There will be no trip to jordan. That was something that was planned there. That was considered a pretty important part of the visit in that the president had hoped to talk about tamping down concerns that are growing right now over this becoming a much wider military conflict. You know theyre already growing escalation alord the border of lebanon. There have been casualties of soldiers on both sides. Israel
Can the consumer hold up the economy . Or will a Strong Economy give the fed cause to raise rates one more time . Kelly . That is the question. Lets get a check on markets, tyler. Because we changed direction once again. Perhaps because of that concern about another fed hike now. The dow is down 77. The s p 11 both quarter percent drops. The nasdaq down under more pressure down half a percent. Is it rates or the fact that the chips have been one of the weakest trades today. Share of nvidia falling after the u. S. Puts new trade restrictions on chips exported to china. Its specifically targets some of nvidias most cutting edge products. Those shares down 5 today. More on that in just a moment. And activists are getting more active. Engaged capital built a stake in the company up 13 . Down 33 for the year. Wyndham hotels says its rejecting a takeover offer from choice hotels. Wyndham saying the deal involved significant Business Risks a nond in the best interest of shareholders. Wyndham
Happens. Its totally lacking in rigger but it happens all the time around here and thats what throwing us off today sending the dow dipping, nasdaq loss 0. 14 . Let me explain what im talking about so you can see how a bullish situation gets turned into a bearish one by mepessimists who want it bo way. Sell, sell, sell. And sell, sell, sell. This morning we awoke to a story of how the chinese are cooling to them. Oh, boy, did that freak people out. Shares came in for sale at the opening because of the chinese perhaps dumping the treasury you know the dow is down 100 points in lightning speed on that one of the principle worries of Portfolio Managers there is no inflection in the yield curve meaning youre almost getting the same return from shortterm treasuries as you are from longer term ones that puts news a situation where we have whats known as a flat yield curve. Something that is often a precurser to a recession makes sense fed raises rates too quickly, falls off and the economy w
Streak since january but are rising on better than forecasted earnings and we have lots of earnings to go through. Andre talking about china how it stabilized one chinese plunged after lower sales, trading almost 20 lower from yesterdays close. Its the biggest loss since 2009 for the company. Moving onto oil and gold we have seen a commodities route. Oil prices are rebounding and oil is trading near a fourmonth low. Down 19 still trading near the bear market of 20 territory from its may peak. Pimm lets take it check of the treasury market. There is little bit of selng on bonds. The 10 year is 2. 25 . This is over the past week and we can see a decline in the yield meaning the prices were a bit up. The intraday is moving a little bit higher with selling in the 10 year coming as the Federal Reserve began to two day meeting to consider raising Interest Rates. Lets take a look at the dollar and major currencies the euro is losing ground against the dollar. Poundn is stable and the sterling
How to do you achieve victory, business on wall street for learning to defend our nation at u. S. Military academy. Come to honor our veterans today, celebrate this institution that has men and women who favor service, selflessness, team and brotherhood over personal wants and needs. Might think theres a lot of overlap at west point and wall street especially today markets low. I think there is some commonality. Because leading an enterprise these days is all about the same processes that cadets learn here no wonder veterans do so well in business yeah why not . Why not . [ cheers and applause at a time when whole market can be brought down by exogenous forces we need to figure out which stocks can bounce back the fastest. Thats why im focused on similarities between how they do things here at west point and how things are done on wall street Winning Strategy is Winning Strategy, whether the military or private sector. What does it take for a company to win leadership, innovation, loya