plus, betting on the meta verse. clearly for the creator economy, it s a tremendous boon. roblox, a virtual world for millions of users shaping a digital reality with a very real economy. announcer: live from cnbc, the facts, the truth, the news with shepard smith good evening, may the 1st, that s the day every american adult will be eligible for a covid vaccine. no categories, no age groups, every single adult can have it if you want it that s brand new tonight from the white house, which says president biden will announce that goal just more than an hour from now in his first prime time address to the nation, and there s more he ll target july 4th weekend as a time that people can start gathering in small groups again. back with the family, more on that in just a moment. as of this news hour, one out of every ten americans is fully vaccinated in total, 98 million doses have been administered nationwide but most importantly the cdc reports 62% of all americans aged 6
Landing by the end of 23 but i dont know ive been wrong on a lot of things i could be wrong on this but thats our forecast which is recession in 23 joining us here at the nyse. Managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in 23 and chastising the fed and boe or what he believes is a mistake now. What we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflation was a concern and many had been beating the horn and further fueled by a lot of macro events, supply chain issues. Now, now that chairman powell has addressed it, he is going all out volker so we know one thing volker had to do was beat inflation back what he was handed when he took over, everyone thought that the job had been done and reared its head again and volker made sure and powell doing the same thing. All that thought there would be a pivot, theres not going to be a pivot. Theyll co
For what the trading range is. Bigger picture, we never broke that downtrend from the january peak and the rally off the lows got a lot of credence to it. This is where the trenches are dug between the bulls and the bears here, right around these levels now, take a look at highyield debt part of the message from jay powell seemed intended and making sure that Financial Conditions dont get too loose, the markets dont get too generous in financing risk heres the highyield bond etf right here what you see is by the way that was the first fed rate hike in march. Here you had the june lows in the stock market where basically when we had that big stagflation panic and you saw real weakness and widening of credit spreads they really now have come back its widening out again this gap between these two. It shows you more anxiety is filtering into the financing markets although were well off those worst levels the gap between the two is not at a high stress level lets talk about all this and bri
15 criminal charges. What this means for the former president. Home prices still up. The new snapshot of the Housing Market. As fears of a recession moves. His head was inside the gators house for several seconds. He thought he was alone in the water. Then an alligator attack. How he managed to survive. Ukraine sounds the alarm on europes Biggest Nuclear pour plant. Quarterback Deshaun Watson hit with the largest player fine in nfl history. And training with astro nauts for the next mission to the moon. Live from cnbc. The facts the news with Shepard Smith. The Justice Department wanted it to stay secret. But now a judge says he is inclined to release parts justifying the search of the former president s home. Today, the judge authorizing the search, ordered the doj to decide what it wants redacted. Hes giving the Justice Department one week. The affidavit spells out exactly what the fbi agents were looking for at maralago and why they needed to take such drastic and unprecedented acti
Oil and financials on higher rates. Materials just ticked positive but consumer discretionary, communication services, technology, those are the losers its a reversal of what weve seen in july heres a look at some of todays biggest earnings movers. Lyft a winner up 16 carvana, its up 41 after being left for dead. Amc also surging to the upside while Warner Brothers is selling off, down about 17 . Weve got a big show coming your way. We will talk to former treasury secretary jack lew about todays blowout jobs number, plus why he is endorsing the Inflation Reduction Act and what he makes of senator sinemas changes to the bill. Wingstop saying that meaningful deflation should benefit its results. Were talking chicken wings. The ceo will join us to explain. Mike santoli has a closer look at the Market Reaction and the jobs report, which more than doubled estimates. What a shock, mike what are you watching . It really was relatively muted response in aggregate from equities. It mostly trigg