In what minority leader Chuck Schumer called the largest rescue package in american history. Boeing and the Airlines Getting a huge lift on the back of that stimulus package with some names up 20 or more and treasury yields pulling back today with onemonth and threemonth yields in negative territory for the First Time Since 2015 weve got a great lineup of guests for you today including two key players in the global food chain the ceo of yum brands, they own cfl, pizza hut, and taco bell, keeps some open for pickup and delivery the ceo of mondelez, the steps his company is taking for his workers to keep that food on the shelves. Lets focus in on the big stories we are watching today. Mark santoli is tracking the market but kayla has the latest details on the massive stimulus package and when we can expect it to actually pass. Sara, the text of the legislation was circulated around 10 00 this morning before republicans and then democrats in the senate held respective calls with the treas
Google, amazon, intel, and many others after the bell. Coming up in just a few moments, well talk about todays pullback much more with Hayman Capital Management founder kyle bass will be good to get his thoughts especially on china. Joining us for the hour, cnbc contributor stephanie link is back from nubene are you taking a chance from this pullback to do anything today . Its an earnings bonanza. Im still way behind in the Conference Calls that started last night but yeah, during earnings season, you always get exaggerated moves. So i actually am looking at the fundamentals and trying to identify where there is opportunity. Zille yix this morning was indicated down 6 last night and only opened up down three, but i still think that is an opportunity because they derisked the numbers bristolmyers opened flat, but actually that quarter was really good, bought a little bit of that so im lacking for opportunities slowly, because the macro, obviously, weve got a lot of questions still. So,
Impacts the Monetary Policy path. And we have an exclusive interview from aspen. With apple the market value is said to drop with concerns over its sales outlook. Amazon soars. From washington im kailey leinz with guy johnson area but come to bloomberg markets, happy friday and happy jobs day to you. Guy im not sure i am happy about what has happened with what we see today. This week has been about abbasid massive move in the bond market. Is this because of the payroll number or because everyone has been selling all week . That is critical. And then you look at the wage data you had lot highlighted in the headlines, does that tell us the fed will struggle to get down to 2 anytime soon and if that is the case, should the bond market be adjusting to that . Im not sure our understanding has taken note big leap forward in terms of the evolution of the economy and what is happening with the labor market. Kailey good point. Two fridays ago the 10 year yield was 3. 83. We are still at 4. 11 w
Peace process. The president s announcement could have serious ripple effects on the world even the pope is weighing in recognition of jerusalem is the news from the president of the United States. This marks a departer from democratic demonstrations of the past here they continued to keep the embassy in tel aviv not moving into the touchy question of what the status of jerusalem ought to be the administration will not move to jerusalem immediately they said the process will be kicked off by the president of the United States. It could take some period of time, possibly years before an embassy is built in jerusalem and the site located and security put in place and the Embassy Opens and begins functioning in jerusalem the president is expected to recognize that it is the capital and that is expected to touch off reaction among palestinians who very much view East Jerusalem as the capital of a palestinian state. We will see what the president has to say here at the white house in a coup
We, after kind of mixed not much going on yesterday. News of course a bit slow in some ways, european markets were open yesterday, many closed for both the christmas and boxing day holiday. You can see a mixed bag in europe, asia overnight also somewhat mixed. Lets get to the 10year note yield on crude oil and how were doing on both of those important market barometers. And you see wti down lets get to the road map this morning. It starts with the tax effect. More Companies Including barclays and shell outlining major tax linked changes to the bottom lines in the first quarter. The race is on for fed vice chair former bush era advisers reportedly in the running. Tesla t is in a direct challenging a tesla pickup could hit the road but does tesla already have model 3 problems . Stocks look to rebound from yesterdays decline. A number of companies reacting to tax reform. Barclays expects a writedown of 1. 3 billion on the annual post tax profits. Royal dutch shell sees a charge of 2. 5 bi