To fend off growing competition there. Lets make a deal. Bill ackman teaming up with elon musk and the x platform. It is monday, october 2nd, 2023 and you are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the week and the hour with the check on the stock futures on the back of the government funding deal. More on that in a moment. Futures are in the green across the board. Dow looking like it would open up more than 100 points higher. S p. 50 higher. Nasdaq is more than. 75 higher. As always, it is early. Stocks are coming off a tough september and tough Third Quarter. The major indices losing between 2. 5 and 4 . The s p notching the worst p performance in years. The bond market here with the tenyear yield. Still moving higher at 4. 62 . A lot of technical analysts said this is important about the direction of bond yields. Look at the twoyear note which is back above 5 . That is something we are continuing to watch.
We are so glad youre with us. A critical day, not only in washington but for the nation this morning, y. Yeah. Headed towards a Government Shutdown now way out of it because House Republicans dont have a plan. Meaning could be quite long if it happens. Good morning it is friday the 29th of september. As we just said, a Government Shutdown is imminent. Less than 41 hours left on the clock. No final plan but trying to secure a plan. Speaker Kevin Mccarthy trying to hold a lastditch vote on a stopgap to keep the government moving temporarily. But cant get it through the senate or white house and a serious tlhreat of losing this job. At this point, they dont think they have votes at all. Why a shutdown matters for you. Nearly 4 million federal employees wont be paid. Including more than a million active duty troops, Essential Workers keep working but wont be paid. Others furloughed. The white house warns a shutdown to lead to huge Travel Delays and training for desperately needed air Traff
trey: good evening and thank you for joining us, i m trey gowdy. the stage is set for the cnn presidential debate this week. i don t even have a tan line, voters will be asked to judge what is said and how it is said because content and cognition are issues this year. the younger of the two candidate is 78, age and acuity don t always align. president biden s cognitive capabilities have been called into question and i take no delight saying that. my parents are in their 80s, if i m lucky, i will be there one day, i will be trying to run a remote control, certainly not a nation. some believe cochran, dianne feinstein and thurmond stayed too long. the white house says biden is doing great, that videos are out of context and robert hur levied a cheap shot. it is sad watching this unfold and angry and disasppointed others are allowing it rather than offer an exit. we are seeing alarms. democrats overlook president biden s issues as many republicans rationalize president trump s
On tuesday, President Trump met with a Bipartisan Group at the white house to discuss immigration policy. This is just under one hour. Pres. Trump we have a lot of good people in this room. People have a great spirit of taking care of people we represent. Daca has toion on accomplish three vital goals. Be cementing all bill over the next two to three days that will cover many of the things. Gothat gets passed it will to the senate and they can negotiate, we will see how it turns out great i feel having the democrats in with us is absolutely vital to cousin should be a bipartisan bill. It should be a bill of love. We can do that. Whereo has to be a bill we are able to secure our border, drugs are pouring into our country, a lot of people are coming in we cannot have. Fewer people are trying to come in. We have tremendous numbers of people and drugs pouring into our country. In order to secure it we need walls, we need closing enforcement, we have to close enforcement loopholes and give
Chair. Fed the janet yellen era has come to an end. Just a few more weeks and janet yellen is out of there. Are piling in, they stocks, thatn with ripped in the u. S. Permeated the emerging markets, some are trying to figure out who was meeting who but i want show you one indicator here, this chart that gives you a sense that the and may be coming soon. 2717 measures the breath of the stocks. About 80 of the s p 500 stocks are now trading above their 50 day moving average, that is usually a sign that bull run may be ending. You can see that this has happened a few times during this bull run. We have not seen any and to u. S. Stocks. You just ignore the technicals, we have seen these red alarms before and we see rallies continuing on forward. People say 2018 is that risk where we see these trade tensions escalate and we did see that from the president today. Lets check the u. S. Markets and how they close in reaction to others headlines, you had the snp of about 2 10 of 1 , the dow trad