The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know
Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t
Right now, there is nothing that is earthmoving. That is a great way to lead off the show. I have unbelievable stuff. Okay. Lets get to our road map this morning. It does start with apples ev aboutface, reportedly abandoning its decadeslong efforts to develop an automobile, turning its focus to generative a. I. Shares have underperformed so far this year. Continued signs of a robust economy, healthy Consumer Spending certainly one reason why and goldmans ceo thinks a soft landing is uncertain. And the doj turning its focus to Health Insurance. It is launching an antitrust investigation of the giant. Unh. Unh is really under siege. Its a Great American company. Its under siege like almost no other between the hack and the Justice Department. Well talk about that. That said, its doing pretty well for a company under siege. Lets talk about another company thats done pretty darn well for a very long period of time. That is apple. Of course, youve seen these published reports. Any number of
Ed we have for earnings coverage and sitdown theses of fisker. Shares are plunging and the survival is in doubt. Caroline we take you we get the takeaways from the mobile congress in where is apple . Lets check in on these markets. A new day, newmont and we are all about technology investing. We are up on the back of the nasdaq. Singable back on the 10year note, down seven basis points. Are we seeing a little bit of weakness in Consumer Sentiment . Some Economic Data today shows maybe we wont see the Federal Reserve having to pause on cutting focus. It isnt just the u. S. Rise in terms of equities. We have seen europe at a new record high. A new record high as well. China did well, some of the Economic Data still showing contraction but not as bad as had been expected. We are up. 5 . Global stocks, a new day of a new month. Look what is happening in the world of crypto. We are still managing to push onto 61,000 level. A little bit lower on friday but it has been a stellar week for this
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t