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CNBC Squawk July 3, 2024

Senior markets commentator mike santoli taking a look at that question. Doesnt feel very settled. No, and not persuasively so. We did get a bit of pressure taken off that surge in bond yields yesterday. This morning it seems a bittentive ahead of the jobs number tomorrow. Its unclear to me youre going to get a lot of decisive moves. The scene is set for potentially some nearterm reversals in both fixed income and in equities. Of course, as youve been saying for days, it always gets this way when youre kind of a couple of months or several weeks into a correction in the stock market. Things are getting pretty washed out, the breadth call, the put call ratios. At the same time, bonds, very negative sentiment and really a steep climb in yields. What does all that mean . If were still in the old trends, they should back up quickly and we should get a little bit of relief from an oversold stock market. Things to look for today. S p 500 yesterday made a slightly higher low than the day befor ....

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CNBC Squawk July 3, 2024

Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T ....

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OpenAI, Anthropic, Cohere Among Startups Leading the Pack in AI

OpenAI, Anthropic, Cohere Among Startups Leading the Pack in AI
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