The dow is down 95 points, though, so that index remains in the red. Check out shares of palo alto, by the way, soaring after its friday night surprise, the worst fears not realized for that stock. Tons of people tune in to the conference call. You can hear the ceo a little bit later on today. A 15 bounce, and were going to talk about this one a lot this week ahead of earnings, nvidia up today as hsbc raised its price target to 780 from 460 currently. That means 70 upside from here. And Consumer Staples are one of the worst performing groups in the face of higher Interest Rates today. General mills down almost 3 , it along with kellogg and campbells soup hitting 52week lows. Lets take a look at the tenyear yield hitting the h high highest level since t2007. Rarely have rates risen as high, as much, as fast as they have in the past year, 18 months. Steve liesman will be out in jackson hole. Steve, will the tenyear yield be the talk of the town or what would be if its not that . Maybe yo
Calls quote extraordinary measures to avoid defaulting on our debt. Which looks a lot more likely now that the most conservative wing of the Republican Party seems to have a Tightening Vice around speaker Kevin Mccarthy. If they can keep the government open, the Republican Party is gearing up for a series of investigations into President Biden. What they Just Announced a couple of moments ago, in a second. One of the investigations, the president himself, all about handdelivered to them, wrapped in a shiny bow, the white house is facing hard questions about why it was not more transparent about the discovery of classified documents, and not one, but two locations. Especially as the president himself was criticizing the former president for mishandling his own classified documents. White house lawyers say the number of documents found is small and nbc news has just confirmed what one of them was marked with. What we know about that document in a moment. And what exactly is the process b
there tonight. the idaho college murder suspect in court. why it could now take months for him to enter a plea. our nbc exclusive on the possible cause of a nationwide air travel meltdown. we ask secretary pete buttigieg how it could have happened in our one-on-one interview. what he told us. lisa marie presley, the daughter of elvis presley, rushed to the hospital. what we re l learning. and the big move in the burger wars. the beloved chain from out west finally heading back east. announcer: this is nbc nightly news with lester holt. good evening from washington, where in response to what he calls the extraordinary circumstances, attorney general merrick garland today named a special counsel to look into secret documents found in president biden s delaware home in addition to a washington office he used. extraordinary circumstances may be an understatement with one current and one former president entangled in questions over the alleged mishandling of sensitiv
calls quote extraordinary measures to avoid defaulting on our debt. which looks a lot more likely now that the most conservative wing of the republican party seems to have a tightening vice around speaker kevin mccarthy. if they can keep the government open, the republican party is gearing up for a series of investigations into president biden. what they just announced a couple of moments ago, in a second. one of the investigations, the president himself, all about hand-delivered to them, wrapped in a shiny bow, the white house is facing hard questions about why it was not more transparent about the discovery of classified documents, and not one, but two locations. especially as the president himself was criticizing the former president for mishandling his own classified documents. white house lawyers say the number of documents found is small and nbc news has just confirmed what one of them was marked with. what we know about that document in a moment. and what exactly is th
International demand still strong . Wee well check in with that. Looking forward to both of those interviews. This morning as optimism has faded as bond yields have turned higher once against. The nasdaq, the s p down about half a percent. We were up more than 31 . Were down nearly 6 , and the key number were watching, call that, yes, correction territory. The question is, why . Whats changed . For more we turn to michael santoli. Mike, maybe i mention treasury refunding in early august as a possible catalyst. Obviously its part of the mix. If i boil it down among the asset markets that are testing the they areholds, its not just a level, but a somewhat disorderly selloff in treasuries thats also nonfundamental. Yields going up for, quote, the wrong reasons all of that stuff is in the mix, with the market entering august, where where you had soft landing consensus got pretty cozy. Then when you have energy and the dollar also closing off some of the escape routes, so to speak, i think