Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold with the firm hold. Fomc stalling for time, wells fargo.
Ahead of the open on the unexpected and welcome profit beat. Getting set for the latest on Consumer Prices and what it could mean for the fed decision next week. Its friday, april 26th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us on friday morning lets kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the First Quarter earnings season. Look at the beats. You see they are in the green. Nasdaq up 1 the dow looking like they would open 60 points higher. S p up. 75 . The big story is big tech led by alphabet and what you could call a triple crown Earnings Report First Quarter revenue and net income ahead of estimates. 17 billion in Free Cash Flow announcing the Quarterly Dividend and 70 billion Share Buyback program. The stock is popping af
The u. S. Rating. No surprise there. History in the making President Biden would become the first sitting president to visit a piblt line hes planning to join strikers as those workers of the big three hit 12 days of walking out on their jobs. Lets begin with the markets on track for a lower open on this tuesday jim, youve been watching yields, of course. You commented this morning about the 20year in particular. Yeah. I think weave been going toward ive been saying this to club members a lets just say the opposite of an inverted yield curve t inverted is what im calling it youve got 4. 8, a 5. 3. What i think can happen is on the 20year you can usually get 6. Lets say Neel Kashkari is right, one hike. Then you have no more inverted yield curve. The problem is that when i go over stocks, locking in a 4. 8 is considered to be really pretty terrific. Its not bad. Its not bad. 4. 5 for ten years is not terrible either. People are looking at it. Go back 16, 17 years, wow, this is a great r
Here the dow fell 300 points on word of the attack, but we are modulating slightly. Treasury yields and crude as well oil prices in just a moment. Tenyear note at 4. 58 the expected run to safety. The question is is this performative to show we are retaliating. The reaction in the commodities market the initial reaction was steep and then we pared the gains. Crude is 82. 57 the story is in brent which surged above 90 a barrel. Were back below the level right now. As for gold, 2 2,395 that is unchanged. Bitcoin had the same reaction as we saw over the weekend with the initial strikes from iran. We had bitcoin now higher at 2. 4 64,882 as we await the halving which is expected over the weekend. Lets get a live report from raf sanchez in tel aviv. Raf, good morning. Reporter melissa, andrew, good morning for a week, the world has been waiting to see how israel would respond to the barrage of the iranian drones and missiles. We have an answer this morning and it doesnt appear at this momen
Unveil, of course, the iphone 15 hoping to give the company somewhat lagging sales a boost. And the ufc, wwe, tko holdings will begin trading and well speak with the groups ceo, ariel maemanuel. It does post a revenue miss and issued Sales Guidance slightly below consensus. They have twice the amount booked at the end of the previous quarter. Jim, set to be the biggest gap down on earnings in a couple of year. Yeah, look, i would be a buyer especially if it was 113. I have a small position. The real issue is not what people are talking about. Its the acquisition they made, 28 billion. They dont like it because they already guided down for it. The mentions were how we would have done better if it werent for serner. Revenue recognition to go another way that will be a lot less, lets say its going to a subscription much harder to understand. Thats what people were thrown off by last night. It is not about the slowing cloud even though people said it was. David, sometimes you get situation