Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
Theres never been anything so conclusive this was an amazing night. European equities finding their footing, recovering earlier losses while u. S. Futures turn positive as investors await the first day of fed chairs policy on capitol hill. And Morgan Stanley raises its outlook on the stock but grif ols winds slower and a downgrade watch from moodys. Reporter and its bunt day in the uk. Jeremy walks a tightrope as personal cuts dominate the ag agenda well bring you his speech live at 12 30 gmt a warm welcome to street signs. Lets lead off with our top story this hour. Nbc news projecting that former President Donald Trump has won 14 of the 15 republican super tuesday races with rival nikki haley taking victory in one state. Thats 157 delegates thats 150 short of the number required to clinch the nomination nikki haley lags well behind with just 92 now, speaking in florida as the results rolled in, trump said he expected his victory to bring harmony. All of the problems you have today, i
Im Andrew Ross Sorkin. You cant wear white pants. Im Andrew Ross Sorkin with joe kernen and mike santoli is here hanging out for becky who is still off today. Lets show you u. S. Equities at this hour. We have a little bit going on. Not too much just yet. The dow off 27 points. Nasdaq opening down 58 points. S p is off 9 points. Treasury yields with the 10year treasury is sitting at 4. 224. The 2year treasury at 4. 910. Have you noticed we flipped that board around, joe . The oil prices . No. The treasury board. That board, we used to run the 30year treasury. The 30year at the top and 2year at the bottom because the way the world used to work. Now the world is flipped upside down and here we are. That is a good metaphor. Mirror what is happening. You remember, andrew, years ago where were you on the show or before when greenspan said it. Its back. Combine the 2year. The 30year used to be the one to watch. Exactly. We should have done 100 about a year and a half ago. Would that have wor
Maria good wednesday morning. Thank you for joining us this morning. I am Maria Bartiromo wednesday april 24, your top stories, 6 0. Earnings in full swing, features are mixed as we await Quarterly Results in a window into the First Quarter as business, at t and ballwin reporting before the open earnings from big tech began tonight with meta out after the bell alphabet, microsoft reporting tomorrow, tesla on the move, after profits wound and ev news, all that coming out, europeans are higher, take a look at the years only gains across the board. In asia overnight also move it across the board secretary of state Anthony Blinken arriving in shanghai for three day trip, the asian embassies higher, House Speaker mike johnson in new york today to meet with jewish students at Columbia University campus, protest still underway even faculty of columbia have joined into the protest. President trump blaming the nationwide protest on President Biden who by the way gets to ride the campaign trail
Adjustment with them think it happens as soon as this year. That could open the door for this bank to type in april. Potentially flattening the yield curve. It is betting big on one market. Japan. Billion manages the signs of inflation, a good news for japanese stocks unlike in the u. S. Where shares are tumbling into correction. The inflationary trends will continue even if the doj boj best to reach its 2 price target anytime soon. The u. K. Promises theresa may may finally have found some inmon ground with the eu calling for European Data sharing to continue after brexit. That would allow both businesses and intelligence agencies to keep sharing information across borders. There was a minute defense conference and it must be maintained. Believee say that i since we are not at war with the u. K. And we do not want to take revenge on the u. K. For what the tish people have decided the security bridge between the u. K. Antie. U. Will be maintained. We still needed. The uco bank says it