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Interest rate is still 3. 6 . Nymex crude is coming back up it is so lower than it was in from tension in the middle east to 88. 33. 2020. There is some dispersion. Some people are struggling and when you get higher yields and a stronger dollar and more there is a big increase in consumer debt. Expensive crude oil, that is difficult for equities. Consumer debt and Credit Card Debt is actually only 1 12th the as a result, we see the selloff. In the middle east, there stock of mortgages. Remains very high tension. The household sector was performing well and there was an the World Leaders we have heard from our discussing this lately. Industrial sector boom. Sonali the Strong Economy comes pres. Biden i was saddened by with a backdrop of a lot of concerns about a steepening of the enormous loss of life the yield curve. Ye ....
Approaching 96. Look at shares of meta, the owner of facebook. They have gained 150 so far in 2023. But over the past two months, shares of come under pressure, falling about 4 . They are about to begin the connect event where we expect Mark Zuckerberg to speak. For more on this event and the longterm outlook, lets bring in the roth and kim senior analyst, thank you for joining us. What do you expect to hear from zuckerberg and what are you can for . The most widely expected thing from todays conference that they hosting is a new headset. They will probably launch it, have it ready for shipping by halloween time. That is something that is expected. I think the surprise will be if they launch some sort of glasses or mixed reality glasses like we have seen from Companies Like snapchat. That would be the upside surprise but it is something we have heard as well. Matt how much a ....
Theresa may is delivering another puzzle to the irish border. Will she be able to convince skeptics within her own party . Fox hunting. Comcast is seeking full control of sky in the battle for 21st century fox. Will the house of mouse take the prize . Matt foxhunting. Are less than half away half an hour away from the european open. Trading up here across the board, not a huge gain for ftse futures but you see dax futures and cac futures up. A threeday trade of 10 year treasuries, the yield has them coming down. It is recovering a little bit as investors selloff wants. What do they do with that money . Do they use it to buy stocks . You can see the same picture if you look at the bonds. U. S. Investors might be getting some cash together to buy the dip. Guy what lets talk about what the gmm is showing. Bitcoin is not on this board. The nikkei bouncing back strongly overnight. These undated driving that. Markets have come back overnight in the overnight session. The nikkei coming back 1 ....
The new leader of south africas ruling party. Has the currency still got room to run . Matt . Matt we are less than half hour away from the start of european cash trading. At howake a look european futures are indicating that it will start. Its a bit of a negative picture if you look at the euro stoxx 50, but you see a positive ftse and dax, just barely. Not a lot of indication there. If i take a look, i have the bunds in my screen. This is a threeday chart, and you can see investors have been selling off bunds, pushing yields off. So maybe they will use some of that cash to buy stocks, but theres not a lot of indication from futures. Guy that will be interesting. Does the survey data continue to deliver for germany . Yesterday the dax was up by 1. 6 . Equities definitely on the front foot. It doesnt feel the same way this morning. China overnight has carried out. The nikkei has not delivered today, but the Chinese Markets have. ....
Mark we will discuss that. And speaking in the nexty hour. And getting real on the rally. Our stock valuations getting [inaudible] says yes. Every bit of good news seems to be incorporated into the market rises right now. There is not a lot of room for bad news. Matt we are less than half an hour away from the european open. We will see how european stocks do this morning. Futures are pointing to a positive open. We do see green on the screen when we look at equity index futures. The interesting thing i think to look at his treasuries. We saw yields creeping up toward 2. 6 percent again today. I have a threeday chart of the u. S. 10 year and you can see we are almost there. Not quite at the level. 0 on treasuries. To computer is rounding up 2. 6. We know better. Tom keene taught me to go out four significant digits. They are significant. Lets see what is happening on the gmm. Wonder whether the bund is going to be the tail wagging the dog today on the treasury market. Keep an eye on th ....