Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get extended just a little bit at the opening bell. The dow implied higher 42. The nasdaq up by 21. Record highs to start. This is all after u. S. Inflation showed a slight easing in the month of april with core prices excluding food and energy climbing 6. 6 year on year or the lowest since april of 2021. On the back of that, treasury yields are falling off hitting the lowest levels in a month. The teny
We track it. Talking to an official down there. Looks like progress is finally being made in congress on two of President Trumps biggest agenda items, that would be tax reform and replacing obamacare. We head live to capitol hill for the latest details on that. We also have fedex, adobe, Bed Bath Beyond reporting earnings after the bell today, a few days sinces weve had bigger earnings to recover. Well bring you instant analysis as soon as the results are released bed, bath down 2 . Fedex getting ready to raise rates. We begin with Hurricane Maria gaining strength yet again heading right toward puerto rico w wtvj meteorologist Steve Mclaughlin with the latest. A couple days ago the storm was what we call 96l, a big storm in the ocean by saturday 5 00 pvm, it was Tropical Storm marine ya, sunday 5 00 p. M. , Hurricane Maria last night at 7 45, category 5 with winds of 160. That is where we are right now the track right across the Virgin Islands especially st. Croix as a major hurricane,
Storm exploded into a monster overnight leaving tourists and those in tourist cities scrambling to get away in time. From space the storm is ominous enough but inside it is packing wind gusts up to 235 Miles Per Hour per hour. And also torrential rains expected to carry into texas before this is all over. Joe fryer has made his way to the mexican coast and has late details. Like a steam rolling, Hurricane Patricia is heading toward the coast, catching this pair usa dice off guard. Is went up to a major hurricane due to the el nino effect, the unusually warm waters acting as jet fuel for the storm. And the popular resort destination Puerto Vallerta, Business Owners boarded up windows and people rasz to board buses out of town. Emergency worker went street to street urging residents to evacuate. People are talking about how to get out. This woman has been trying to leave since yesterday. Learning that all of the planes have been a Government Official went on television warning about the
All . Nightly news begins right now. Good evening. Right now millions are bracing for a hurricane the likes of which weve never seen. It is called patricia. It is a strongest hurricane ever recorded, right now it is making what is feared to be a catastrophic landfall along mexicos coast. The category five storm exploded into a monster overnight leaving tourists and those in tourist cities scrambling to get away in time. From space the storm is ominous enough but inside it is packing wind gusts up to 235 Miles Per Hour per hour. And also torrential rains expected to carry into texas before this is all over. Joe fryer has made his way to the mexican coast and has late details. Like a steam rolling, Hurricane Patricia is heading toward the coast, catching this pair usa dice off guard. Is went up to a major hurricane due to the el nino effect, the unusually warm waters acting as jet fuel for the storm. And the popular resort destination Puerto Vallerta, Business Owners boarded up windows a
Germany twoyear hits a record low yield. Adp good stateside, Oil Inventories this morning at 10 30. The market coming off a good week of rallies. The latest on yahoo . The board considering a sale of the core business meeting this morning. As for the fate of Marissa Mayer, thats not the core argument going on now. And Mark Zuckerbergs new baby and the pledge to give away 99 of facebook shares. Do want to get to yahoo this morning. Given the wall street journal story last night, above the fold, saying the board is considering a potential sale of the core business. Lets back up a bit and explain whats going on here. If you recall, yahoo s board decided early last year they would go forward with a spinoff of its 15 stake of alibaba, they reiterated their intention to move ahead in october with that same spin but without a private letter ruling from the irs, which some anticipated yahoo would get along the way. Nonetheless their lawyers and many others believe the deal would be considered