points just around the lows of the session, down a little more than 900 points look at the s&p 500 sector heat map which tells you there s plenty of pain to go around here it s energy that is the worst hit right now, down about 6% consumer discretionary also down 5 s 5.5% everything tied to the economy, technology, materials, industrials and banks are among the hardest hit today. what s holding up the best there, consumer staples only do you know 0.7 of 1% you ve also got some green for walmart, general mills, procter & gamble and colgate coming up on today s show we will ask karen karniol-tambour to the fed s big hike. plus kroger delivering strong earnings, beating across the board, raising its guidance. ceo rodney mcmullen will tell us how he s managed to get through inflation, headwinds and what he is seeing from the consumer. let s start with the sell-off. mike santoli taking a look at the market fall-off after the three-quarters of a percentage increase yesterday. t
Down. You can see the nasdaq down more than a ercent. Not such great action, either, in sectors, sara, with an echo of yesterday as well. Where energy and maybe staples were the only green arrows. Today its energy and utilities. The tenyear yield is back to 43, which is the cycle high. The data we got this morning, also not helpful. Better news for the economy, services came in a little bit stronger. But bad news for investors that are cheering on the whole disinflation story, because services, a key part of whats hot in this economy, could mean that inflation a little bit stickier than we think. And prices paid inside that Services Number also comes in a little bit hotter. Not ideal data for the markets. Well get the beige book later, which summarizes all the different districts across the country and gives a lot of color around inflation in services, like restaurants and theaters and hospitality. Usually a good read well watch that at 2 00. Our next guest, meantime, does expect a mom
How hes positioning from here. Bailing on Home Insurance. Whether to campaign for it or will gas prices climb sky high . But first, lets get to todays markets. Dom, good to see you. Good to see you, too. And i do not selfinsure my home. I pay somebody else to do it, because theyre the experts. If you take a look at the markets overall, we have seen both sides of the unchanged line, at least with the nasdaq composite, just so slightly in the green, 14,038. For the broader s p 500, maybe a better measure of the overall market. Its been down all day, down nine points right now, one quarter of 1 , 4506. Even at the highs, we were almost flat, down one point at the high, down 19 points at the low. So, again, a predominantly lower session, just fractionally so. The dow off 93 points, 34,743 the last trade there. Kelly mentioned about the oil prices. We are now, by the way, for u. S. Benchmark west texas intermediate, the highest oil prices we have seen going back to november of last year, on
Live from studio b at the nasdaq lets begin with another monster night of earnings. Amazon, ford, intel and chipotle we have full Team Coverage phil lebeau, kristie unanimous partsinevelos, and kate rogers standing by. Deirdre bosa has all the details on amazons quarter. Yeah, so, mel, the street just wanted more from aws, amazons cloud unit. The analyst call kicks off in 30 minutes, but i did have the chance to talk to the cfo just a few minutes ago, and i asked him if he could say whether aws growth has bottomed. He said he wouldnt characterize it that way. That theyre in a delicate situation and while cost optimization work is starting to slow, he said there are still companies that are joining that effort and thats really when the stock turned and gave up the gains its really disappointing for the street, which wanted to hear that that stratrajectory had tu. We had mixed messages from microsoft and Google Google said something similar that customers are still optimizing, and thats
Higher for a change. Im melissa lee coming to you from studio b on the desk, tim seymour, dan nathan and guy adami. We start with meta shares now up 2. 5 just about after posting a top and bottom line beat. The company seeing return to ad Revenue Growth avenue dismal 2022 and Julia Boorstin has all the detail. Meta beat expectations on the top and bottom lines reporting its fastest growth in two year, 23 Revenue Growth in the third quarter. Thats ahead of the 21 that analysts expected. Now, for the Fourth Quarter meta provided a revenue Guidance Range with a midpoint just a hair below analysts consensus and metas year of efficiency, the Company Brought down its expense outlook for the year, down to between 87 and 89 billion from a prior forecast of 88 to 91 billion and it forecast its 2024 expenses for the first time giving a range between 94 and 99 billion now, for context, analysts had been looking for expenses to come in at 100 billion or below so they met that now, the company did