Whole new level. We have details on a new combo that defies logic. It is wednesday, it is septembe starts right now. Wednesday morning. Take my blues away. Wednesday morning. Its going to be a brighter day. Wednesday morning. Its come so many times before. Cheryl welcome to fbn a. M. And good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Cheryl it is fed decision day. Lets take a look at how your money is moving this morning as all eyes turn their attention to jay powell and company. Weve got slight losses in the futures market, the dow is down 31, nasdaq down 11 and three quarters. Lauren the yield on the 10 year treasury stands at 1. 78 . Down again today, 3 basis points. Cheryl oil heading south again after the saudis said full Production Capacity will be back on track. The oil, down 40cents, 58, 98. Lauren stocks in asia closing the session mixed. The nikkei down twotents of 1 . Cheryl european investors are waiting on the fed decision today in here this coun
Vision of Technological Progress. Joel weber is here with us. A great story that is going to make you rethink how you perceive Silicon Valley. Joel we wanted to really open up the whole idea of the issue here. It is really too easy to be down on tech right now. The techlash israel. Antitrust is in the wind. Dont forget that technology and innovators can still do incredible things and sometimes you just have to look outside Silicon Valley. Ashley has spent a lot of time doing that. Jason it is amazing, his and it,s worldview, also comes at a time of real existential questions around Silicon Valley and yet, i found it to ultimately be optimistic. Joel there is a sense of hope. That is the spirit of this whole issue, the sooner than you think issue. Not to just look at the glass halfempty. Lets look at it halffull. Carol solving really serious problems. Thank you so much. Jason more on this issue. Atlast year, we were looking the incredible moment that we were seeing coming back for ai. T
Joel weber is here with us. A great story that is going to make you rethink how you perceive Silicon Valley. Joel we wanted to really open up the whole idea of the issue here. It is really too easy to be down on tech right now. The techlash is real. Antitrust is in the wind. Dont forget that technology and innovators can still do incredible things and sometimes you just have to look outside Silicon Valley. Ashley has spent a lot of time doing that. Jason it is amazing, his purview, his worldview, and it also comes at a time of real existential questions around Silicon Valley and yet, i found it to ultimately be optimistic. Joel there is a sense of hope. That is the spirit of this whole issue, the sooner than you think issue. Not to just look at the glass halfempty. Lets look at it halffull. Carol solving really serious problems. Thank you so much. Jason more on this issue. Jeff last year, we were looking at the incredible moment that we were seeing coming back for ai. This year, in the
Smart home device and generative alexa. We discuss with david lynn. Ed we are going nowhere on any asset class related to technology or otherwise. It is fed day and we will have special coverage of that decision later this afternoon. Basically the market sees them holding rates steady. Nasdaq 100 completely flat. Nasdaq Golden Dragon index had been outperforming, up a few tenths of 1 . We will talk about u. S. China relations in the context of tech later in the show. U. S. 10 year yield, for 3 . Bitcoin at 27,000 u. S. Dollars per token. This is the definition of treading water ahead of the big fed decision. Caroline all eyes on the macro. Go micro for a moment, the stock movers are interesting. There are updates from Certain Companies and im looking at the likes of intel for example, has been paring an earlier decline but notably we are seeing currently off by more than 2 . This is maybe the invasion day did not live up to expectations and particular we wanted color around 18 a chips.
Hour the major averages have been Holding Steady on light trading. It is a holiday shortened week the dow transport setting another record high. Oil moving big crude and brent crude. Apple shares taking a hit down more than 2 thats the biggest drag on the dow. Reports of iphone x sales are slowing. Mallinckrodt up. Intel down intel will lose the crown as the number one chip maker for the first time in 21 years to samsung. Amazon saying it had its biggest season ever. The echo dot the top selling product across the categories and many factors we begin with retail the day after christmas is one of the biggest for returns. Kate rodgers checking out all the deals in west nyack, new york reporter retailers definitely have something to cheer about. New data out from master card showing that retail sales from november 1 gs through Christmas Eve were up 5 that is the fastest pace since 2011 ecommerce grew by around 18 overall the National Retail Federation Said sales are set to be around 682 b