Tel aviv. Despite the massive runup in yields, why one huge part of the investment is sitting ontown sidelines. Well tell you why that could be changing. Its wednesday, october 11th, 2023, and youre watching Worldwide Exchange right here on cnbc. Good morning. Im frank holland. Lets take a look at stock futures. It looks like the dow would open up about 50 points higher. The s p and nasdaq solidly in the green. This follows a mostly higher session for stocksy ed that saw the russell 2000 post its fifth positive session in a row. Thats the first time it did that since july. You can see right here up almost 1 year to date. But important to note, theyre also belo e their 250day moving average. Were checking the bond market with the 10year coming off its lowest close since september. 4. 56. This is well below its yearhigh that it reached earlier this month. Important to note the 30year bond, a big indicator on Inflation Expectations and also Investor Confidence well off of its highs. It hi
Move in the last few. Emerging market stocks are up. 14 basis10 year is up points. Thats a big move. David coming up, its personal income and spending data. At 10 00, we get data for the month of september. At 11 00, we have a full week of fed speak. That. Ill be talking about we turn to emma chandra. Emma President Trump is promoting his tax code to the National Association of manufacturers in washington and the 6ased outlines of trillion plan. You can watch the president remarks at 11 25 a. M. Eastern. Federal immigration Officials Say 500 people arrested during a sweep the targeted sanctuary cities. Almost two thirds of those arrested have criminal records in the United States. Theresa may is in estonia. This is ahead of the meeting, she spoke about frexit negotiations. They have made their lives in the u. K. I want them to stay. Weve been negotiating for that. We want their rights guaranteed as well. Is interested in the defense of your. The bank of england told bbc radio if the ec
Different tone from the president on taxes and trade to immigration and obamacare, his message to the markets. Plus, the market rally returns as investors digest white house Economic Policy and that possibility of a march rate hike for the fed. And prepping for the biggest u. S. Tech ipo since facebook, snap is set to price tonight but will the ipo prove a boost to the tech market . First up in his first speech before a joint session of congress the president highlighted his plans for boosting jobs and the economy including tax cuts, trade deals and a major infrastructure program. I will be asking congress to approve legislation that produces a 1 trillion investment in infrastructure of the United States financed through both public and private capital creating millions of new jobs. This effort will be guided by two core principles. Buy american and hire american. I guess we can start on infrastructure right there, jim. People paying attention to the language, legislation that produces
This is real money. You are the most important part of the show. Join our live conversation for the next half hour at twitter at aj real money. Listen up. The Federal Reserve just signaled today the rates you pay already on hold for now. Thats good to know. The little foresight can help you make better Financial Decisions that will help you build your prosperity for tomorrow. If youre planning to buy a home tomorrow, the 30 year fixed rate is 4. 4 . While thats almost a full point higher than they were a year ago, that is still near historic lows. Knowing that the feds lending rate at near zero right now will hold means that you can probably hold out for a better home price and not worry as much about rising rates. On the retirement side knowing that cds and savings accounts will continue to yield low returns, means you still need to look at alternative lowrisk involvements right now that guarantee returns in this environment. Im going to talk to you visit investors about your options
Of the show. Join our live conversation for the next half hour at twitter at aj real money,. Listen up. The Federal Reserve just signaled today the rates you pay already on hold for now. Thats good to know. The little foresight can help you make better Financial Decisions that will help you build your prosperity for tomorrow. If youre planning to buy a home tomorrow, the 30 year fixed rate is 4. 4 . While thats almost a full point higher than they were a year ago, that is still near historic lows. Knowing that the feds lending rate at near zero right now will hold means that you can probably hold out for a better home price and not worry as much about rising rates. On the retirement side knowing that cds and savings accounts will continue to yield low returns, means you still need to look at alternative lowrisk involvements right now that guarantee returns in this environment. Im going to talk to you visit investors about your options later in the show. Stay with he. As for my rosy int