Thermometer but the correlation to equities bonds is really rich. The team leave for me on a monday morning is i see japanese yen just creeping ever so slight. It is just a bit of a weakness. Jonathan 149. 74 at the moment. We averted a shut down and we will get payrolls friday. Ultimately we will do this again. Lisa i cant wait until november when we can do it all again. What i find interesting is the threat of higher rates and the lack of economic weakness on the heels of a Government Shutdown is what is spurring the concern in markets today. All of the sudden people are taken the bond who seriously. Jonathan energy prices, rates, apparently this is the quarter when this consumer frame begins to crack. Tom is the basic theory and then you talk to optimists and there are a number of them and they say no, you saw that in september. I had a great conversation with neil by the neal dudda. He said is not about 4 growth it is tuition to issue two ish. Jonathan jane fraser at city talking a
Telling investors not to put their money in the volatile times. Later in the show, nvidia following into the regulatory microscope with the office raid. It is friday, september 29th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Im frank holland. Happy friday. Lets start the day with the check on the u. S. Stock futures. Look here. We are in the green. Dow would open up 100 points higher. The nasdaq is. 50 higher. It is early. A big part of the dow move is the premarket with nike popping on the mixed report. Look at nike shares right now up 8 . It is important to note they are down 17 for the year to date. More on that slide coming up in a moment. All this as the markets look to wrap up a rough month for stocks with the s p and nasdaq on pace for their worst month of this year down 4. 5 and 6 . Dow down 3 as well. For the quarter, the averages here down across the board with the dow and s p set to snap win streaks. The nasdaq on pace for the worst quarter since
One stock that did not snap the streak was tesla. On the month, down by close to 20 . Down by more than 40 today. Lisa it has been kicked out of the magnificent seven. We have a company that is fighting a sentiment wave as well as the very real wave of competition in china during a fraught market for the electric a fraught moment for the electric vehicle market. Jonathan product release, competition in china, we are trying to figure this out. What is the tesla problem and what is just the broader industry problem right now . Annemarie you are seeing this ev demand around the world especially in china. You do see China National companies doing very well. The issue seems to be in other places especially in the United States. When it comes to tesla, the problems continue. Overnight we have an exclusive story about the newly formed Marketing Team part of those companywide layoffs. This was supposed to be to get the message out in advertising. When you saw the Inflation Reduction Act and ta
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