Fall. The central bank shift as the bank of japan ends the negative Interest Rates. Later, with the National Association of realtors settlement means for realtor s and brokers. Its tuesday, march 19th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you so much for being with us. Lets get you ready for the trading day ahead. We kickoff the hour with the stock futures check with the positive session for stocks yesterday and hthe fed kicking off the twoday policy meeting. The s p is flat. Dow is just down a bit. We are checking the yields. The benchmark coming in at 4. 32 . We will watch the moves this morning. We want to look at energy market. Look at the oil which is coming off the highest close since october. It is fractionally higher. Wti is trading above 80 a barrel. 83 a barrel. Brent crudeat 87 a barrel this morning. Thats the set up. Lets turn our attention overseas and the story of the boj and the impact with the
The table. Today the feds governor, Michelle Bauman says the policy rate may need to rise further to stay behind the goal. So what should we expect from Monetary Policy and for the markets overall . Joining us now is Marathon Asset Management chairman and ceo, bruce richards. Reminder, marathon has 20 billion in assets under management. Always good to see you. I do want to talk about the fed and inflation and everything, but i think we first have to start with the middle east and whats happening in israel. You see this as a macro challenge for the markets, for the economy . Well, first, let me say that we all pray for peace and stand with the president of the United States, who stands staunchly behind the support of israel. I say that as a personal citizen, as well as a ceo of marathon. Listen, israel is a great credit. Its an aplus rated credit. It has a strong currency, the equity market has done woeell or time, its bonds trade well and its debttogdp is over 60 . In terms of risks re
We have a mega deal in the oil patch. And is it the time to buy tech . Citis upgrading the global tech sector, suggesting a recent pullback might be a good opportunity. Well talk through that as well. Lets dive into the jobs number. As we said, 336,000. We were looking for somewhere in the 150,000 range, jim. Hospitality, up 96. Government, up 73. You cant stop this thing. Hospitality is very interesting because a lot of the people feel the travel and leisure bull market ended two months ago, and yet its just the analysts. Because whether it be cruise, hotel, restaurant, the numbers are great. And everyones just predicting, well, that cant last, cant stay this way, and its always the same litany. Its student loan, consumer strap. It hasnt happened yet. What youre seeing are numbers which are still indicative of what the companies are saying, not what the analysts said the companies are going to say. No gibberish here. This is this economy is so hard to kill. It really is. You know, do
President trump doesnt rule out military action against pyongyang. Hopefully we dont have to use it against north korea if we do use it on north korea it will be a sad day for north korea. Good morning its friday, unfortunately were dealing with a lot of national catastrophes on this morning mexicos been struck by a strong earthquake the 8. 1 magnitude quake was felt in the capital city forcing people to evacuate shaking buildings. At least five people have died the epicenter is located off the west coast of mexico with tsunami Warnings Issued along the coast of mexico and other Central American shores. The Pacific Tsunami Warning Center said tsunami waves have been observed. We are joined by Frank Jack Daniel can you tell me what you have observed the quake struck here before midnight it wuas felt strongly i mexico city. It shook me and me family out of bed. The same for millions of other people in the city who took to the streets very quickly and stayed there until the tremors were o
We will tell you what happens straight ahead. First commercial grown delivery, markets looking to rebound from yesterdays fed selloff. Take a look, dow industrial up 50 points as you see. Nasdaq and s p also higher this morning. In europe investors are waiting on the bank of england this morning. A decision expected this morning. We will bring it to you as soon as it hits the tape. Meanwhile dax index of twothirds of a percent. The ftse in london down a fraction. In asia fractions lower, nikkei up a fraction, staying in positive territory near yearly highs. Hang seng down one and three quarters percent in hong kong. Finally here, star wars rogue, we have sneak peek, promise no spoilers. Mike huckabee is here, peter. Nice to be with you. Maria so nice to have you onset, governor. I like your holiday tie. I only get to wear it occasionally, so here it is. Dagen i wore red for you. Thank you, darling. I appreciate it. Dagen we argue but we love each other. Maria technology meeting, quick