I mentioned yields the tenyear hitting its highest level since last october earlier today. Retail sales coming in better than expected. How about the atlanta fed taking gdp and its forecast up to a stunning 5 believe it or not. It brings us to our talk of the tape how vulnerable are stocks right now . Adam parker is ta cnbc contributor. Do you feel like stocks are vulnerable its been a rocky couple of weeks, especially for tech what do you think . The earnings season was, i thought, pretty good. Better than feared. The big cap tech stocks, 2024 earns are higher than they were on july 1. I think the fundamentals from the Companies Look okay. I think whats happening is a fear of a perception about Interest Rates and how that means people will probably not want to pay as high of a multiple as they did a month or two ago. You talked about rates backing up for a long time the relationship between the perception about rates and the pricetoearnings ratio was very strong. It kind of broke in m
To haunt the living. And the banksy of Bad Punctuation Why One Man is roaming the streets of bristol in secret making his mark on incorrect shop signs. Good morning. Its monday 3rd april. Im annita mcveigh. Welcome to bbc Newsroom Live. Five people have been charged over an attack in croydon, which left a teenage Asylum Seeker fighting for his life. The victim, a 17 year old kurdish iranian boy, is in a serious but stable condition after he was allegedly chased and beaten by a gang of 20 people in croydon, south london. Police investigating last fridays taxi three others remain in custody. Our Correspondent Ben Bland is in croydon for us. Bring us up to date. Bring us uptodate. Within the last half an hour, the police have been updating us on there in investigation into this attack, which began at that bus stop just over my shoulder shortly before midnight on friday. Police said they suspect it was a racially motivated attack. There was no reason for it. They said it was horrendous. Th
Industrial production. Michigan sentiments at the top of the hour. Theres a look at crude back about 47. Our roadmap begins with ge beating the street on earnings, but what about nelson peltz . Companies such as yung, wyn. Alibaba making a multibillion dollar play for china. General electric up 29 cents a share in the Third Quarter held by demand for jet engines and power turbines. Ceo jeff emmeltz said ge performed well. Oil and gas revenues down 16. Power and water up 1, aviation up 5. I like the quarter. Plain and simple. When i see 4 organic growth, thats going to be among the highest of the Big Industrial companies. Its been the best performing industrial so far this year. I think jeff immelt, the transformation is truly happening and it is real. This is obviously Conference Call, we have the date, we have our reports here. I mentioned that because the Goldman Sachs hadnt been on that and the stock jumped 7 points after we talked about it on squawk. Important to mention. Things ha
For tech domination. Us what is will tell behind the f the fed gave the bank and why he feels he is being picked on. The bighe big three, stocks we are watching. Julie hyman is keeping an eye on these. Lets start with cognizant, and i. T. Consulting company, upgraded at Morgan Stanley to overweight. The price target goes to 60 a share, well above 10 above where it is trading right now. The analysts say the estimate for the companys earnings and where its stock will go, the consensus is not pricing in the acceleration that we will see in the consulting business and the economy more broadly. Those shares rising today. Interesting bounceback for gamestop. We were talking about the company yesterday because it fell four percent on the back of earnings. Today it is coming back and then some, shares rising seven percent even some saying that the future is not so bleak for gamestop. In fact, the folks at Bloomberg Industries say continued sales of things like the xbox, the newest playstation,
Says it will proceed with the plan to relocate a u. S. Military base within okinawa, despite the reelection of a mayor opposed to the project. A Chinese Court has handed down its ruling in a Food Poisoning case that sickened people in china and japan six years ago. The Court Sentenced a former employee of a chinese food company to life in prison for poisoning frozen dumplings. The presiding judge at the court in Hebei Province said the crime was planned, and damaged the health of 14 people. The judge said it also caused substantial loss to the food company, which had to close its factory. Japanese journalists and Embassy Officials were present in the courtroom. The case came to light in 2008. Ten people in japan and four others in china, fell ill with Food Poisoning after eating dumplings made by tianyang food. Prosecutors accused lu yueting of lacing dumplings with a pesticide ingredient called methamidophos. He admitted to the charge in his first hearing last july, and apologized to