Negative year in five years. Plus, new highs in striking distance stocks set for what would be a muted open after another round of wall street records. And the shipping wars, amazon blocking sellers from using fedex ground for prime fedex does report tonight after the bell lets kick off with boeing, though now on track for four straight declines the Company Confirming it will suspend production of the max beginning in january as regulators make it clear they will take their time in approving the jets return to service. Boeing says the decision is driven by a number of factors including the extension of certification into next year southwest, jim, is delaying return until april now thats the second delay in two months. They cant get this right and throughout this, the thing that people talk about, speak to large Money Managers look i do, we cant move the move this to 400 this thing gets through, we cant. Well stand there and buy the stock. Not going to let it go under 300. We want every
10year yield at 4. 47. A lot of questions where the movement will be next and if we have seen the height of rates or not. Thats been a big question part of it weighing on the broader markets yesterday. Meanwhile, boeings slide after the cfo spoke yesterday and said the company would burn through cash this year the delivery of planes will not increase from the First Quarter to the Second Quarter as they deal with tproduction challenge. The price of ethereum pulling back after the runup this week. The si. E. C. Approved the rule change to pave the way for etfs that buy and hold ether. Specifically, the s. E. C. Order approves applications from various exchange to list eight ether funds. The order does not approve the funds or set a date for the etfs to start trading issuers are awaiting approval from the s. E. C. For the funds and it is unclear how long the process will take. This has been the week this was a buy the rumor and maybe not sell the news. Thats most of it ethereum is down 2
Dow, it lost another 56 se7 pois this morning and rebounding like crazy in the afternoon. Same method it fell at the opening. S p falling. Nasdaq surging 3. 7 . How much can you trust this bounce get this, a report from snapple on top of last nights rocket fuel which was a perfect report from semiconductor sky work solution look, i think we cleaned out the bear den when we opened down that fabled 567 dow points i think we wiped out the weakhanded investors. We dealt with mechanical issues that exacerbated the decline even as the tape suddenly got a lot more bullish as we told members, the actual owners plus. Com club, you cant chase a flying market. And right now we have a flying market you need to understand where we are. What caused us to get hammered in the first place unfortunately many of these issues remain relevant even after todays rally. First yield sword thanks to fry fridays unemployment report investors become risk averse as they creep higher, treasuries represent a better
Lundstedt. Pass the mustard mccormick buys Reckitt Benckisers food business for 4. 2 billion, adding frenchs mustard and franks hot sauce to the company spice rack the ceo of akzonobel steps down citing Health Reasons as the Dutch Chemicals Company continues to battle activist investor elliott managements attempts to oust its chairman. Weve had so many numbers out of scandinavia the last couple of days and speaking to so many ceos out of that region. Ericsson yesterday tough numbers there. Great numbers today from scedbank we spoke to tele2 who are weathering regulatory problems left, right and center and electrolux and volvo are moving in Different Directions on the market today, but electrolux upgraded its north american outlook after a stronger than expected rise in Second Quarter earnings. The swedish appliance maker upped air north American Growth star get to 3 to 4 citing strengthening demand and a favorable macro environment. Its not the only firm today citing a pick up in north
Were seeing right now. Were trying to parse that out. Thats what makes the markets so interesting. Lets start here as we head into the final hour with where we stand on the major stock market indexes indexes. The dow is up 168 points and remember weve had many, many more 1 swings this year than we had last year, and today by the way, weve had them in both directions. The dow is up about 170. The s p is up 18 points right now, nearly 1 there to 2085. The nasdaq adding 36. Its actually the underperformer on the session to 4,922. Well also and well get to this in a moment talk about what were seeing across the benchmark interest year 10year. Have to talk about oil as well. Very strong. I dont know if you can show oil right now, but last i saw it was up about 5 . Its now 6. 25 gain for u. S. Oil. Wti. Thats at 52. Brent north sea crude is at 58. That almost feels like a short squeeze. Lets all make sense of this. All of our guests today except rick are over at our set at the New York Stock