Brilliant guests share their thoughts, more importantly, how to invest with all these crazy moves. Ill ask ed yardeni to handicap where corporate earnings are going. And now imagine, you own a stock and you wake up, its up 130 and youre still down 99 . Its the latest example of Silicon Valley greed and and why i continue to warn you to avoid ipos for now. Plus, the wokest place on earth just woke up. Wait until you hear the drastic measures that sweden is taking to combat crime and inflation. All that and so much more on making money. Charles so weve been told its jay powells favorite inflation gauge. It came out this morning. It was okay, right . I mean, you know, or sort of we got an initial sigh of relief on the news. But remember, the fed seems hell bent on more rate hikes, and the kind of data we got this morning, maybe it could hold them at bay, but maybe its not enough. Im hopeful that data like this will continue to come out before that december meeting, keeps the fed on ice. A
Technology stocks because even though stocks overall hit new records hit again today, the group thats led this rally all year long is getting hammered from chips to the f. A. N. G. S and almost all points in between pete, it is an ugly day. It is. Boy, the semis are having their worst day in nearly a year. After absolutely sprinting. Why they sprinted after the numbers and we talk about the banks and the pauses and we dont talk as much about the Technology Names take it a a look at where some of those names were going into earnings, apple or facebook or any of the chips look at micron it pushed up against 50 and now its obviously been on the slide. To me it looks like another part of what weve been talking about the entire year in 17 rotation and where are we seeing rotation to financials are the guys that are really picking this up right now. I mean, the option paper in there is absolutely off the charts. Look at these. And thats where people continue to move away from tech. Look at t
The hang hishanghai slightly lo. In europe, green arrows across the board. The dak x is up by 0. 4 . The cac up by 0. 3 the ftse up by 0. 2 . The dollar, which has been under so much pressure, you look and you see today the dollar sup against the euro, back below 1. 20 this morning it looks like the dollar yen is at 109. 89. Check out crude oil and gasoline prices, crude Oil Yesterday at a onemonth low. Its down once again this morning at 46. 18 rbob gasoline up nearly 6 yoed yesterday to a twoyear high of 1. 82 sits at 1. 83 this morning as we quont to watch the reficontinuec those refineries shut in with the additional rainfall. Gas prices at the pump could go up to 2. 60, 2. 70 we were thinking 4 dollars was the norm even after this, its amazing that were in a different kind of and can you believe that people that supposedly know what theyre talking about said crude would go down and gasoline would go up because youre not refining as much you get a glut of crude . A scarcity they we
Across the board with the exception of the italian ftse. A quick look at wti crude right now, wti if youre buying it buy the barrel, you can do it for 48. 91. Hurricane irma one of the most powerful atlantic storms in a century. Its churning its way across the caribbean towards florida. Kalee dionne joins us live from cnbc headquarters. Whats the path . Reporter the path is westnorthwest at this point the question still lies when will it turn to the north . Thats something well be watching throughout the day. The latest update from the National Hurricane center, it maintained its 185mileperhour winds. Its just to the eastsoutheast of st. Marteen, and conditions are deteriorating there. This will continue to move at 16 Miles Per Hour that pressure continues to drop. As that pressure drops, the winds will maintain that speed or continue to increase. Everyone is wanting to know where is the track i dont want a lot of people to focus on where it will go as it moves closer to the u. S. At t
Category 5 storm still lets move on to another update for those of you in florida. Added to the hurricane watch what this means is hurricane conditions could move into your area within the next 48 hours. A lot of you are preparing right now. If you havent started, this is the time to do so. Again, as of noon we are adding to the hurricane watch there has been some updates to the track. Not much slightly off to the east but still the cone of uncertainty through the entire state of florida. I dont want you to focus on track. I want to show you why because if youre anywhere in florida, youre saying, oh, you know, i dont see the ocean, you could still be impacted by the storm with tropical force storm winds. Check this out lets say Hurricane Irma does not make landfall but scoots along the coast, still, Tropical Storm winds could extend 185 miles across that would take up the entire state of florida Everyone Needs to make sure theyre taking the proper precaution and keep an eye on this wel