dear colleagues, your subcommittee could become part of a proud history of serious, bipartisan oversight, stretching from the teapot dome investigation to the boeing investigation to the watergate hearings to the tobacco hearings to the select committee on the january 6th attack. or you could take oversight down a very dark alley, filled with conspiracy theories and disinformation. a place where facts are the enemy and partisan destruction is the overriding goal. appears house republicans are going to go with the dark alley path. the first hearing for the subcommittee to investigate the, quote, weaponization of the federal government was nothing but grievance politics. meanwhile, in the senate, minority leader mitch mcconnell is trying to distance the party from a fellow republican senator. who could that be? it comes as president joe biden takes his post state of the union message to florida, keeping the focus on the fate of social security and medicare. and the admi
Thursdays heady selling. The dow can lost 600 to points thursday, a modest bounceback in the early going today. Dows up 50, nasdaq up about 60. There was one huge winner or thursday, winner for some time now, and thats nvidia. No serious pullback this morning, in fact, its up again, another 9 higher, expect 932 . If 92 . Interest rates, not that much change. The yield on the 10year just below 4. 5 . The yield on the 32year treasury is just below 5, 4. 96. Bitcoin, we have that placed at, lets see now, 67,4 right now. And gold, 2335 at last no, 2363 we have it now. Oil, 76 a barrel. Regular gas averages 3. 60 a gallon, thats down one cent. Diesel, 3. 89, down one cent. Politics. Confusion at the president s press conference. He wasnt sure what question hed been asked. He took only two prearrangeed questions. A well known pollster, nate silver, says bide, quote, needs to consider stepping aside if hes still struggling in august. There is a growing color race of democratchorus of democrat
This hour. These are modest declines. Dow down 71 points. S p futures off 11. Nasdaq down by 44. At this point, the dow is on track for its fourth negative week in the last five and that is because of the treasury yields. They have been pushing higher and higher. The tenyear yield is 4. 95 . In fact, it did cross that 5 line that we were watching. Hovering at 5 . Yesterday, just after 5 00 p. M. , the tenyear yield hit the 5 level briefly. The last time we hit that level was july of 2007. Yesterdays move cameafter fed chairman pojay powell spoke and kept the door open to more rate hikes. We have models for everything and formulas for everything. We have to be focused on what the economy is telling us. Even taking lags into account. What is it telling us . Does it feel like policy is too tight right now . I would have to say no sdp. We will talk about rates and more with Raphael Bostic. Until recently, bostic has said were done. Jay powell said yesterday at the Economic Club of new york
Meme madness goes beyond the gamestops of the world. And the ceo of a Bio Tech Company disrupting the health care space. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, guy adami, and katie stockton. And we start off with a market that may have gotten a little too complacent in the face of rising uncertainty. The nasdaq closing at a record for the first time in over a month today. Volatility across a variety of Asset Classes somewhat surprisingly low. The vix Index Trading near its lows of the year. Bank of americas move index is down 8 this year. Even crude oil vol at depressed levels. All that, despite uncertainty over the consumer and rates, a potential trade war with china, and a war in the mideast. But two big data points could cause ripples. Cpi tomorrow,nvidia earnings next week. So, is this just the calm before the storm . Guy . I would have said that month ago, ill say yes again today. Listen, this is what i think is
3 30 voice. Live from new york city, good morning. But it your week started. Equity futures posited by 0. 1 . What a week ahead weve got for you. Wednesday, decision day. Apple earnings on thursday, payrolls on friday. If you want a sneak peek, the estimate, 250 k. Payrolls has been absolutely dominated by a series of upside surprises. This morning dominated by one chart, the dollaryen. Could we talk about the range weve seen on dollaryen today . This is not a monthly range, weve been through 160 already in the last 12 hours. We started the month focused on 152. Theyve been the ministry of finance in japan, no comment. Thats what we heard from the ministry of finance, no comment. Annmarie no comment for now. People are saying was it the fact that there is a Public Holiday in japan, low liquidity . But i love the fact that they come out and the top currency official says no comment for now. Will begin a comment . Do they intervene . Jonathan if you want to make a statement, it is a grea