Outlining plans to diversify away from china. A monday merger on tap and possible 4 billion vanilla cream filled deal. And instacart ready to kickoff the ipo, but appearing to be far from the hey day of 2020. It is monday, september 11th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Well welcome to the show. Im dominic chu in for Frank Holland. Lets kickoff the show with green on the screen with the nasdaq and s p coming off 1 losses last week, but for the time being, the dow is higher by 75 points. S p is higher by 18 and the nasdaq higher by 21 points. For the transportation stocks, they are coming off a nearly 4 loss last week. That index worst since early march. Checking on the bond market. Yields are on the move. You see just a little bit of higher motion. Lower prices and higher yields for the 10year treasury at 4. 2 t 8 . 2year treasury is 4. 98 . The 30year treasury is 4. 36 . In energy, oil is in focus with cpi coming out this week. Energy prices are o
Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Cspan, where history unfos daily. In 1979 cspan was created as a Public Service by americas cabletelevision companies and is brought to you today by your cable or satellite provider. Up next an official with the International Energy agency on the future of coal. His organization is forecasting decreasing coal usage as use of Renewable Energy continues to increase. From the center for strategic and International Studies, this is about an hour and 15 minutes. Good afternoon my name is jane, and senior fellow with csis National Security program. Its my great honor to welcome peter fraser who is the head of gas coal in Power Markets Division for the International Energy agency based in paris. He is here to launch the call 2017 analysis and forecast of 2022, thats the thats the name of the publication. Cole has been the world dominant fuel for more than a century but its the future use has been under quite a bit of scrutiny today. The power sector, certainly i guess robust deployment of ren
Good afternoon im senior fellow at csi National Security program and it is my great honor to welcome peter for the International Energy agency who is here to launch it has been more than a century but the future use under quite a bit of scrutiny. With that deployment of renewables but putting quite a bit of pressure so the iea is the signature publication with the cold Market Report this provides comprehensive analysis of recent trends and forecasts not only with supply and trade at the local level but regional wet level as well peter is here to walk us through those Key Highlights and essentially help us understand what is happening and where the markets are headed to in the future 2022. And through 2016 in his current position ahead of the gas and Coal Division and previously between 1998 a senior electricity policy advisor between at the regulator at that canadian province most recently as the Vice President for Consumer Protection and industry performance. 1989 an Energy Policy adv