And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m
Good the chart master will make his case for why these two health care losers are ready to make the move from doghouse to the p penthouse. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, carter worth, and guy adami. Uber posting its biggest stock drop since october 2022, after reporting a surprise loss in its latest quarter, saying that ride bookings came in below expectations s shopify plunging 19 , making today its worst day on record. The Ecommerce Company forecasting sales growth for the Current Quarter that would be its slowest in the last two years. And they werent the only earnings reports that raised red flags. Just yesterday, disneys cfo saying they are seeing evidence of moderating demand for travel. Mcdonalds last week warning consumers arediscr discriminating in elevated prices and then, theres this the looming threat of socalled phantom debt created by the rise of buy now pay later Juniper Research estimating
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte
May have to raise rates very quickly in the future. And she says that due to raising rates are not raising rates due to market volatility is something the fed should be very wary of. She says she reduced her rate path for the fed funds rate from december to march. But says now the economy has shown considerable resilience. Recent inflation data, she says, has been somewhat encouraging and she expects wages to accelerate as the labor market tightens. She sees strength in Consumer Spending with strength in housing. Now, one curious line in here, she says i did not descend from the march decision as if somebody was asking her that question. As far as i know, brian, nobody asked her, but it makes me think that miss mester is not far from descenting if the fed does not move relatively soon here. I didnt steal the candy. Exactly. Im glad you see that. The line kind of sits out there, i did not dissent, as if somebody expected her to dissend, i sort of did. She felt a need to explain this to