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Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting ....
Item, please. Clerk item number 2, general Public Comment. This item is to allow members of the public to address the Treasure IslandDevelopment Board on items within the subject matter jurisdiction of the Treasure IslandDevelopment Board that do not appear on the agenda. You will hear a single chime when there are 30 seconds remaining. Please state your name and the organization you are representing, if any, for the record. Are there any members of the public who would like to address the board . Yes. Im here to challenge this board that was put together by the former mayor, willie brown, to develop a former radio active site. Theres corruption here, and when we talk about corruption in the city and ....
The presiding officer the senator from louisiana. Kennedys mr. Kennedy thank you, madam president. I want to talk for a few moments this morning about money, 5g and radio waves. Mr. Kennedy a radio wave is nothing more than electromagnetic radiation moving through the air. Thats all a radio wave is. Think of it as a imagine a pond, and think of a radio wave as a ripple or wave in that pond. The wave goes like this and has a peak and a valley and peak and a valley, and eventually it gets shorter and shorter. Thats what a radio wave is. And there are different kind of radio waves. I dont know how many, but a bunch. And they are, theyre differentiated by the length of the peak and the valley. Remember, radio waves doing this. As it goes to the top and comes to the bottom, thats called a cycle. And frequency, youve heard that term before. Frequency is nothing more than how many cycles a radio wave goes through in one second. So we have out there we cant see them, theyre invisible, but thou ....
The 10 year yield going in the other direction. A little bit of a lift in yields. 457 on the day. We will keep our eyes on that. There was a bit of a messy auction people had looked forward to. A lot of dynamics going on under the bond market. Midday movers. We will look at shares of rent the runway. It reported fourthquarter revenue and topped average analyst estimates. The for your outlook was mixed relative to wall streets expectations. Shares slid 90 in the past year through wednesdays close. We are looking at a stunning gain in that stock. Alphabet shares are climbing as investors are becoming more optimistic about its ai strategy. The companys market cap inching closer to the 2 trillion mark. Nvidia, microsoft, and apple are the only other companies that hit that milestone. Back to the economy. That is driving the story. The Producer Price index increased by the most in 11 months in march. Still below wall street estimates. ....
Whack. We have spent a lot of money on puerto rican. But that is fine. We have saved a lot of lives. The death toll in the Las Vegas Attack is now 59. More than 500 wounded. The central question for investigators, was why the attacker Stephen Paddock carried out this atrocity. President trump spoke about him earlier. He was a sick man, a demented man. A lot of problems, i guess, and we are looking into him very, very seriously. But we are dealing with a very, very sick individual. And what happened in las vegas, in many ways it is a miracle the Police Department has done such an incredible job. Department has done such an incrediblejob. We will department has done such an incredible job. We will be talking about gun laws. The attack was carried out from the mandalay bay that hill, and lies readers. And our correspo ....