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Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertisi ....
1. 5 . L one down the fed being a little bit harder on the credit card side of things. Guy we are waiting for that g20 meeting. We will be keeping in of it we will be keeping an eye on things in turkey, were president erdogan lost that Mayoral Election. Bond proxy stocks continue their incredible round. The dollar is down versus the euro. We hear from powell again tomorrow. Bid, 1406nues to be where we are now trading. Vonnie bitcoin above 11,000 right now, making a comeback it seems. Ins get more on the markets general, including how geopolitics are playing in todays trade. We are joined by ab emerging multiasset portfolio manager. Fedt the change in the tone has certainly supported risk assets more broadly. I think this is probably going to be a more constructive week going forward, but i think after the g20 meeting, it is more likely that people will be reminded we are in a slow growth, high volatility environment, so strateg ....
Today, a rare one. Key bank is lowering estimates. And looking beyond the pullback, deutsches chief u. S. Equity strategist on what it would take for the market to return to rally mode. First up, topping tape for us. The move in the tenyear, as the market remains squarely focused on these moving bond yields, and they have been moving higher. Weve got the s p 500 losing some early gains, now down 0. 2 . Nasdaq is holding in there, up a third of 1 . Part of it is the relief youre seeing in treasury yields, its now 4. 78 . Is the market stuck until rates top out . Lets bring in cnbc senior markets commentator, mike santoli. It sure seems so. It seems thats the obvious potential trigger out there. And you probably also need yields to back off, in a little bit more of a convincing way. This morning, soft adp number, you had a little bit of a back off in yields cub into the session. And theyve kind of migranted higher once again, just a little bit. Below 4. 6 on the tenyear is going to look ....
It starts with the spike in yields. That tenyear, it touched its highest level since august of 2007. Microsoft Ceo Satya Nadella is taking a stand in the antitrust case against google. Hes testifying or will testify about the difficulty to break into search. Its day one of the criminal trial for Sam Bankmanfried right there in that building. It will begin later this hour. We will be live on the scene. Lets start with the rising yields. Its funny, jim. We had a funny moment last week where you got up and said all well do is talk about the tenyear. I think its kind of true. I know. It didnt start that way. Im watching Frank Holland this morning. The tenyear is holding. It ought to be a nice day. The dow is up. And then slowly stepbystep, inch by inch the tenyear falls. Then next the futures are down. The analysts are n ....
Were creating a jawdropping new world that represents or largest singlethemed land expansion ever. The two 14acre parks in the work, will both feature rides on the force awakens, as well as the flight of the mihm falcon. No disneys updating the popular Jedi Training cad me. These star wars plans not only show disney is make the most of the acquisition of lucasfilms back in 2012, but they also highlight the longterm Growth Opportunity particularly of of the u. S. Parks. He says this will give leverage to raise prices, and says it will add up to a doubledigit Growth Opportunity in the launch year for these new attraction, crockett saying it also helps alleviate investor concerns about the durability of the traditional tv business. Now, plus after spending billions overseas to build a new shanghai park, which is set ....