Last years revenue went through china. Alibaba moves a step closer to a share sale in hong kong. The impending offer could raise as much as 20 billion. Shery lets get you started with a quick check on how markets closed. The s p 500 finishing at the highest level in five weeks. The nasdaq, the highest level in a month. Reversingtors yesterdays office to gain ground in yesterdays session. Most were in the green. They were led higher by Energy Stocks. Take a look at wti. Wti prices gained as much as 4. 5 at one point. Apparent attacks onto tankers on two tankers building up the tension in the persian gulf and leading investors to get worried about supply around oil. And we saw now on crude, jumping 2 in the last two sessions. U. S. Futures at the moment unchanged. Lets see how we are shaping up to the asian markets. Sophie this friday, were facing a mixed session with type and commodity sectors in focus. Get activity data from china later this morning. Investors will be watching to see i
September, and if you havent paid attention tesla shares are down 10 this week alone only two trading days. If they had gotten ai from oh. Well talk about that, a war of words, openai is firing back at elon musk. Theres 1 chance well talk about it. Publishing emails appear no show the tesla cofounder did support creating a for profit entity. Lets begin with the markets and the testimony from the fed chair today. Jim, got some news on what he will say in terms of written words. Yeah. Look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little more expansive and getting tired of the game of what month instead, what i see is a man who said listen, were not going to have a hard landing or soft landing. Were fine if it gets weaker well cut. Its kind of a Great Central bank essay about what you need to do in order to be able to get out of an inflationary period. David, i think hes becoming more of a, lets just say a true statesman how far to
Explode. Speaking of ai thats been powering tech, but dont go with the high flyers. We have some under the radar names, and one sector and a name thats a bail. Thats coming up lets start with the markets with some recovery, we hope. Dom chu has the numbers. Its a recovery, modest for what happened yesterday, but we are seeing green, fractionally so to kellys point, the dow at 39,133, up about 68 points about 0. 2 of a gain there the s p 500 is now just above 5300, back to that level, 5304, up 36 points, 2 3 of 1 gain there. And it has been generally a positive day, because even at the lows of the session, we were up roughly 11 points and up about 44 points towards the highs of the session, so tilting a little more towards the higher end of that range. The nasdaq composite, the ted cruz heavier index, show up about 180 points, 16,969. Now, well move from stocks to the more macro commodity side of things because what we have seen over the course of this past week is some really decent hi
In the late 90s. Its a whole smatters of tech joy companies from not just france but throughout. I should also mention that elon milk has just been added to the program. Were going to be laering from elon musk. And also moe di tomorrow. Many have said they dont understand it. They cant see inside the box. This new research theyve developed can see inside the box to understand what ai is doing. They can look at the difference. Up until now thats been impossible. Thals what im doing in paris, and weve got a lot more throughout the day. Just in terms of seeing what it does, how will they do it . The imaginations they can cook up, can they track it down . Thats exactly what this research seems to suggest that theyre going to be able to do. That they ee going to be able to understand hall like i. It may explain why one model writes one sentence and another writes another sentence and whats driving the different understandings of the nils that its taking in. Well talk to dario about it in ju
Across the board europe is mostly lower, the ftse 100 getting a boost, modest. Big boost in rates thats a story as well, the ten year note yield, look there, 2s and 10s on the move this morning, ten year at 238 look at crude oil as well. Just below 50 a barrel, 49. 65. Road map starts with the hurricane effect the Labor Department reporting that 53,000 jobs were lost last month, first contraction in seven years. Does that mean a pause for wall streets record run . Stock futures are pointing to a lower open slightly this morning, the s p 500 coming off its longest record streak since 97. Watching netflix sharpen its fangs, the streaming giant up 5 yesterday alone. And seeing some key upgrades today. The september employment report also shows privatesector payrolls down 40,000 the Unemployment Rate did fall to 4. 2 , the lowest since february of 2001 average Hourly Earnings now up 2. 9 from one year ago jim, we mentioned all of the classes of stuff that is moving, rates are up, the dolla