Vice President Joe Biden over the future of america. And the cleanup process after hurricane laura leaves a path of destruction. And brewing success. We talked to the cofounder of one blackowned Coffee Company giving back as it continues to grow you are watching Worldwide Exchange here on cnbc good morning. Happy friday and how the day will be setting it up the dow higher at 163 points nasdaq could look to extend gains. About 15 up for the s p and nasdaq up about 20 points as well after the dow gained 160 points for the fifth positive day in six on the heels of comments from fed chair jay powell on Interest Rates the alltime high briefly topping the 3,500 mark for the first time ever. The nasdaq with. 3 loss led by declines in apple and amazon you can see here, still up 30 on that mark being looing at the bond market, Interest Rate is a key focus this week. Ticking slightly higher. 76 basis points or. 76 . 30year long bond a hair below 451 as well going worldwide to follow that breakin
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to
Operator: Greetings and welcome to the Chegg’s Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.