About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, yields on the 4 level are still in focus with regard to the u. S. 10year treasury right now, it is 4. 08 the 2year treasury is lower at 4. 81 . The 30year treasury is below 4. 25 right now. On the energy, oil prices are on the move we ar
Against trump, so donald trump is not accused of the first, it is the third, which is considered the most serious of the criminal charges against the former us president , this time he is accused of trying to defraud the results of the 20th president ial election , a special prosecutor indicted trump on four counts of conspiracy to defraud the United States, obstruction of official procedures, violation of civil rights and obstructing and attempting to obstruct official proceedings a crime against the United States citizens of the country the indictment alleges that trump had a strong intention to remain in power after the 20th election and spread lies claiming that he won them and moreover that he knew he was lying about the results of the election donald trump today he will appear before a judge in washington where he will be formally indicted around the courthouse security measures are increased many Police Barriers have been set up since trump left the white house he has only been
With yields hovering at 16year highs, technology is under pressure. Well tell you what the Options Market is saying about the big names, including microsoft, amazon and alphabet reporting next week. First, though, dom chu, welcome back. How is it looking . Pretty red right now, although off of the worst levels of the day. But technology is leading the way lower here. The nasdaq is off about 105 points, three quarters of 1 . The dow industrials, the outperformer, only down about one quarter of 1 , 93 points. The s p 500 is kind of where the rubber is meeting the road today. Its sitting down one half of 1 . Its been a predominantly down day. We were down two points at the highs of the session, but down 48 points at the lows, so in between that range. But remember, watch that level. 4233 is what some traders are watching right now. That represents the 200 day moving average. That kind of average price on a longer term rolling basis for the s p could be an area of support, maybe not. But a
Of africa. We now see the rise of outside in those countries. And those type outside is threatening those governments. Well, we obviously know where that, who is behind that outside or that is threatening those governments. I do want them to do you think somehow, i mean not, i mean, its almost a rhetorical question, but those are not really described to washingtons claims. Everytime it comes out and says, terrorism is a scotch that we need to pudge from the sauce. And this time, were going to help, lets say this group about group im going to get rid of. But what point do people just think, well, come on, i mean, this evidence in History Speaks for itself to be in the superpower. The United States had cart blossoms, do whatever i wanted, and it was pouring all kinds of money into these, into these activities and spreading the wealth is at work and people were collecting on it and, and m as a result, lot of people died as a cons the comments of our concept of democracy, the American Peop