Down about 118 points, nasdaq opening down about 117 points. S p 500 off by 16 points right now. Take a look at treasury yields. The 10year at. 93. The 2year at 2. 863. And crypto prices. Weve been talking about crypto quite a bit these days. Up about 4 this morning. Its crazy. And take a look at ether etf. Thats surging too meantime apple is canceling its electric vehicle product. That thats accordinging to those that know. Many employees will be shifted to the Artificial Intelligence division. Apples ceo apple and ceo tim cook have never acknowledged the electric car publicly but referred to working on e autonomous systems. Theyve never been open about this but are now scrapping it. People are looking at it as a major failure. I dont look at it that way. I think what was happening is there was an internal battle inside apple whether to even go this route and i think tim cook was always on the fence. You mean a failure for evs, not just apple. I think the failure of evs right now has
the virus. they postponed the decision yesterday. this has been a conversation here at davos and has been affecting markets in asia. more are down this morning looking at the red arrows there. off close to 3% for the hang seng the mortality rate looks low relative to what we ve seen in the past 3% versus 17% for sars the idea of shutting down wuhan. imagine that happening in an american or european city and the panic and up rising. what is the population of wuhan? it is a major city. if you ve heard of it, it is probably 10 million. i think we ll get you some is numbers. we have another block buster lineup of guests 11 million. the woke economic forum it was kind of a joke but now second nature for me the world economic forum, including the ceos of honeywell, liberty global, goldman sach, pay pal and more steven mnuchin is still here everybody else left. air force one is gone but other members of the administration is here he came on air force one, every
Good morning welcome to Worldwide Exchange. Im wilfred frost. Lets get to the markets quickly. We are higher in the premarket 16 points or so on the dow about 10 or 11 points on the nasdaq s p up 2 yesterday we did see the s p and nasdaq up about 0. 1 the dow led the charge it was up about 0. 3 in terms of trade in europe, broadly mixed. Asia is first. Sorry. Strong seconds ssion in asia. No real data or catalyst, but we are nicely higher. 1. 9 for hong kong european trade not as impressive its a mixed session its improved, as you can see in the last 20 minutes or so. The dax ended higher yesterday despite Angela Merkel saying she prefers fresh elections to governing as a minority leader, which feels like a gamble. The tax is higher today. The markets in general shrugging off the german Political Developments of the past couple of days. Back to the top story. The u. S. Justice department filing a lawsuit challenging at ts proposed acquisition of time warner. Leslie picker has the detai
The german dax is down about 10 and so is our s p 500, the 10yr note yield, thats a cheap culprit. Rates have been backup yesterday. We are right around 2. 84 it is the expectations of higher rates to a certain extent. The prospect of inflation has caught the attention of investor over the last tentrading days and resulted in a significant decline for the s p 500. Lets ged t to our road map this morning. The dow facing its worst week and s p 500 worst week since 2011 you just saw stock futures are pointing to a rebound. It would be the largest tech opposition until it is or it is not. Qualcomm officially rejects broadcoms buy offer theyre going to meet. Jim and i will have the details. And Winter Olympics. Carl is going to sit down the comcast ceo, Brian Roberts later this hour. Wall street has never been happy it is a friday bracing of what could be a volatile session the dow and s p 500 are in correction territory that means they reached down 10 from todays highs in late january when
Been near 0 and feds been printing money like never before jay powell has to unweekend that without damaging the economy. Lets see how that Opening Statement is being received on the stock market. Fairly well, dow industrials and the s p 500 and the nasdaq they will all open ever so slielgtly lower. Remember, this follows two day of gigantic tbains. Theres other news, fedex will not join the boycott nra movement that is intimidated several other Big Companies and the state of georgia threatens to take away a sales tax benefit from delta if that airline continues its nra boycott. The state to play is this, boycott that will be hashtagged boycott nra as politicized business. And it is trying to silence anyone who supports Second Amendment rights. And then theres the nfl. Commissioner Roger Goodell will reportedly demand 2 million from cowboys oiner jerry jones for his activities during last seasons anthem protests. That is not over. But Varney Company were about to begin. Stay there plea