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Mathisen. We got this close early today, fed chair powells seen as dovish and then hawkish sending yield on a wild ride. Tesla tumbles following results from elon musk and several analysts cutting their price targets an one of the biggest bears on the street. We will. Tyler, lets get a check on the markets. Dow fluctuating all over the place, down 38. Down across the board on the major averages only by a bit. A quarter point for the s p, 4305. Rick santelli saying because the twoyear yield has backed off since we heard from chair powell given room for stocks to initially turn higher although given up the gains now. And the long end might be the culprit for that. The yield on the 10year like tyler said, see the spike around 1 00 p. M. Eastern almost touched 5 , 0. 004 shy. Elsewhere, netflix shares like yields, what yields. Were up 15 . Higher prices, password crackdown seems to have put the company on a growth trajectory. Shares up 16. 5 . Well get more coming up in three stock lunch. ....
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said ....
We will talk more about this. More than 2. 8 on the day. Crude on the rise significantly. 85. 92. Wti hitting the highest level since october on the news that israel is bracing from up possible attack from iran or proxies. Because of uncertainty you are seeing a bid on the two year yield, it is now at 427 4. 87 percent. Seven basis points of a move. The 10 year yield, a lot of dynamics. The u. S. Dollar on the rise in conjunction with yields. Gold, ever higher. Now roughly unchanged. But gold has been on the move outpacing any equity market this year. We are watching chipmakers after a report that china asked if Telecom Carriers to start phasing out foreign ships by 2027 and that would hit american chip giants like intel. Jp morgan did not raise its net income guidance. The benefit of higher Interest Rates could be winning. Citigroup profit topped analyst estimates. Consume ....
Essentially may pay them to lend and that the dax would drop, you would have locked me out of the room, but that is what happened yesterday. David we have someone to explain it all to us. Our very special guest is Mohamed Elerian. We think of him as a bloomberg columnist. Welcome back. It is good to have you here. Mohammed co. Wonderful mohamed wonderful to be here. Jon the republican caroline the republican president ial candidates stayed away from namecalling. Trump said his campaign has been a positive force. Frankly,ump i think the republican establishment or whatever you want to call it should embrace what is happening. We are having millions of extra people join. We are going to beat the democrats. We are going to beat hillary or whoever it may be, and we are going to beat them soundly. Caroline trump his favorite to win primaries next tuesday in florida and ohio. With getting a boost former candidate ben carson agreeing to ....