Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
Back of that data. Refinery utilization was positive by 1. 4 . The market was looking for that to go into the negative by 0. 5 . Crude Oil Inventories rising by 415,000 barrels only last week. Gasoline inventories was a drawdown of nearly 2 million barrels. Lets check u. S. Markets more broadly. The major indices are really unchanged, but we have a few major movers, including viacom cbs, which disappointed in its First Quarter as a combined company. Investors are really punishing that stock. Guy a bit of breaking news, the unicredit boss looks like he is emerging as a potential hsbc ceo to get the job. Remember, noel quinn currently yethe interim ceo at hsbc, the interim ceo putting out a is involvingk that deep changes in the way hsbc runs its business and potentially a retrenchment back to the middle east and into asia in particular. He thousand jobs potentially going even further down the road. There were Big Questions as to whether or not noel quinn would ultimately be the person t
Half the stocks above their 200 day moving average. To 30 down about 20 depending on what you want to pick. Keep in mind the yom kippur holiday. Your 10 year yield. Taking up slightly. Not quite what i would call a huge selloff in treasuries but you are seeing some people reposition, some folks like citigroup saying this is more of a reset, more they correction until that bond rally resumes. Crude oil Holding Around the 53 level looking for the impetus out of the eia data. That seemed to be a negative but keep in mind a lot of the inventories actually went down way more than expected. A somewhat bullish signal. Most of the hedge fund very bearish lee positioned and take a look at the dollar. We can call this flat on the day. We are high on the dollar. , those we get a selloff Dollar Strength still in place dont let that fool you. Late stake you look at where we are in europe. That is the stoxx 600 over the last five days. We are getting a bit of a bounce today. But not by much and i wa