Down for a fourth straight quarter and the stock down 10 well talk to brian grazer plus, ipads, keyboards, maybe cars well look at the trades from here. And dow being hurt by disney, wouldnt it . Im here. I want to wish you a welcome back, because we have missed you. To her point about specifically whats going on with that trade for the dow, if you look at disney shares, but for disney we would be up about 100 points on the dow. Were currently up about 5 the s p 500 is trying to get back to that 5200 level. Solidly above the 50day average price on a rolling basis at these levels for the s p were about 1. 5 away from record highs and 5 away from the lows we saw back in april. Thats a pretty strong move. The nasdaq up about. 25 generally speaking over the shorter term, weve seen yields drifting lower the twoyear note yield is at 4. 81 . The tenyear at 4. 43 . Crude prices up. 5 . Gold trades off a little bit and bitcoin sits at 63,574 check out some of these names. Amazon is one that we
There were hours of intense standoff with 00 dropped antiisrael hundreds of antiisrael protesters. Critics have called out President Biden. He has not made an in person statement in more than a week. Peter doocy pressed Karine Jeanpierre about it and whether biden is concerned about how these protests impact his 2024 race. Watch. Is he that worried be about losing the vote with the protesters . The president has taken a lot of policy actions here that he knows that young people care about and a lot of those actions are popular with those young folks whether its giving a little bits of breathing room to student debt relief, the president understands how important it is to deal with that issue, climate change, something that they care about. Maria she did not answer the question. Were waiting for President Biden to Say Something about this. The president you announced hes approving 6 billion in student debt relief, impacting 3 p hundred thousand borrowers who attended art colleges, biden
Later on in the session. Will have more on what jay powells comments mean treasury yields here with tenyear yield at 4. 16 . Lets go to lindsey and talk at the same time fed chair jay powell said bringing down inflation will take longer than previously expected he cast doubt at the next policy move could be a hike. Its unlikely that the next policy rate move would be a hike i say unlikely you know, our policy focus is what i mentioned which is how long to keep policy restrictive. Thats all fine and good. Joining us is stifel chief economist lindsay pietza do you remember the days of mike and drexel, lindsey . Do you remember when someone would have a high degree of confidence and when you could arrange financing . Do you have a high degree of confidence we know exactly where we are in terms of inflation and rates right now . No, i think it is telling that the fed chairman conceded it will likely take longer to gain the confidence and inflation is back on the disinflationary trend and a
Say. [laughter] charles i knew i loved you for a reason. Liz charles, thank you very much. Breaking news as we kick off the a final hour of trade. Take a look at apple ahead of one of the most anticipated earnings reports of the season. Apple shares right now up 2 , very close to session highs right now. After the bell the tech giant opens its quarterly books to investors who, you guys know this, are very anxious to see the company reveal profits and sales. Now, Analysts Expect to see the biggest revenue decline in more than a year, but shareholders will likely cast the most scrutiny on iphone sales which do account for about half of the tech giants revenue. Thats where things could get ugly. China iphone sales have slumped s and globally iphone users have been holding their purchasing fire on a new device until apple incorporates a. I. Into its handsets. Sales could plummet by as much as 10. 4 although, let me just say this caveat, apple sometimes underpromises and overdelivers. Smart
Interviewed somebody who hit the lotto twice. Really . In Southern California. And you know, it was amazing. She started, like a Little Cemetery for babies that people never claimed that passed away. And she buried the babies and paid for the burials. And she said she felt it was kind of like the second time she went it like the babies maybe, i dont know, like helping her. It was interesting, but she wanted two times. Thats crazy. Yeah, once someone else. Well but you are pretty lucky in other ways, dont you think . You get to live here. Thats good. Hey. Good morning. Lets go outside the mount tam cam right now showing you we have clear conditions. It is going to be. Ill take the compliment, though. Thank you so much, heres the dam cam. We do have clear skies out there this morning, and were on our way to another warm afternoon. Temperatures right now. Not as cold as yesterday. More of us are starting out in the low and mid 50s, but we do have some pockets of 40s like napa at 44. Good