Making a new case to walk away of the 16 billion buyout of tiffani. The real morning grind. What krispy kreme, starbucks and more have in store for you that youll need at 5 00. That and more here on Worldwide Exchange on cnbc. Wherever in the world you would be watching. Good morning or late night to tampa bay. Some people may still be partying social distanced and spo responsible of course because tampa bay beat the dallas stars to win the series 42. The second cup raised in tampa bay history. Hopefully next year, fans will be there congrats to the nhl for just getting it done. Here is how the money and the Global Markets are setting up for their tuesday. After the dow and s p rallied into the close yesterday posting their best day in more than two weeks. For the month, a different story. The dow, s p and russell are still on pace to snap five month win streaks. Sectors to watch today, energy after logging a gain oil and gas stocks actually made a little money random but interesting m
Ephemeral legislation. Yeah. That went from being the word of the day a couple days ago, to now i think its the word of the week. Ephemeral or malodorous, its one of the two. Its still early. We have a couple hours ahead. Maybe we can find another one. Meanwhile, the Florida Governor is seizing on a potential weakness in trumps third president ial bid. Well show you what he had to say about that, and how he responded to questions about his last name. Is it desantis, is it December Desantis . Did he answer it . He did, and it was unrevealing. Huh. Republicans are still upset with Kevin Mccarthy over the Debt Ceiling Deal. Wah. One calling for a day of reckoning. Are you kidding me . It is a day of reckoning for the extremists, who thought that they were going to be able to hold, not only congress and Kevin Mccarthy and the president hostage, but also hold the United States economy hostage. They werent able to do it. These guys struck a deal, and struck a deal that passed overwhelmingly.
Us a bit of support. A little bit of strength on the yen. The bank of japans yield curve control may not impact the markets which some are expecting, so do not expect any great strength. Crude oil, and opec meeting coming up. Yvonne you have the dollar sinking the most in two months so there was this fed commentary about how it looks like what the fund is leaning towards is a positive or a skip in june. That is helping lift overall the risk move. Even china, you take a look at the rally we are seeing in the hang seng. The extreme bearishness is coming off a little bit now. Rishaad yesterday if we wanted to go to the advice of the hang seng in 2018, you would need to have an 18 improvement. But ecb inflation. Christine lagarde has a bit more wiggle room, came in at 6. 1 inflation. Compared with pakistan yesterday, 37. 97 . Yvonne yikes. But the euro story will be interesting. If they are also close to a positive we heard from some of the ecb officials that may be the next few hikes are
Principal economist, and also chief Market Strategist with dyna. And also a portfolio manager. Great to have you three here. Ron, lets start with you. Yeah, take this where you will. Im tempted to say it is a sign good news is good news again, although plenty of people are maybe looking through it and questioning just how much to rely on this report. Yeah, i rely on it. I know Carl Quintanilla brought this up this morning, there are concerns about the sample size and number of respondents and Payroll Employment report and et cetera. But weve seen upward revisions in the data. Wage inflation has consi. Kelli consistently slowed down. Whether the pce deflator which is running at 1. 2 annual rate. Oil prices coming down, gasoline prices coming down. The question is can the fed if a yes for an answer. Goldie goldilocks has not left the building. And so do you think they are done hiking still . Were close. I mean, they may go one more time just out of paranoia, but they should be generally
And it wasnt that long ago. [margaret] to ventures in solar panels, ai, even chips in human brains. [elon] he is not actually using a keyboard. He is moving the cursor with his mind. [margaret] and his recent takeover of twitter. Elon musk is widely regarded as both a visionary disrupter, and sometimes just plain disruptive. Hes pushing the bounds. Theres something slightly unnerving about that, but, also, i think we need a little bit of an injection of that in the american psyche. [margaret] bestselling biographer Walter Isaacson spent two years inside musks universe. Isaacson, who has also chronicled the likes of leonardo davinci, benjamin franklin, and steve jobs, is out with a new biography examining how musk became so powerful, and the inner demons and convictions that drive him. The absolute intense person is whats getting his rockets launched, you know . It also makes him a very difficult character. [margaret] as musks control of technology continues to expand, so does his geopo