We are in bit. That is some good news for today. But the bad news is of course that we have fires that are out there that are being combated right now and i taking you down to court is a ridge. This is the biggest fire right now that they are dealing with. 54 humidity, so the wind is expected to pick up as we get into the afternoon and unfortunately, that could make things a little more difficult for them. 21 Miles Per Hour at sfo but other than that we are pretty calm across the bay area with wind, but well see that change this afternoon to get a little bit dusty but what a beautiful morning this morning shot of the golding gate bridge. Relay are not in play this morning really, 52 degrees, 55 in San Francisco, 51 in oakland, warming up in livermore to so today we are going to see those low 60s at the coast, so it should be low to mid 70s around the bay. A gorgeous day and then we are talking mid to upper 80s, this couple spots might heat the 90 spots. That is going to hold for a coup
The company is not giving up a fight. We look at the intersection of politics and big money. And breaking records on the fourth largest economy, putting the stocks rally at risk. Later in the show, the boeing stock wipeout continues as the growing concerns grow for investors and wouldbe hires. Its march 13th, 2024, wednesday, and youre watching Worldwide Exchange right here on cnbc. Good wednesday morning. Welcome to Worldwide Exchange. Thank you so much for being here with us. Were going to get you ready for the trading day ahead. We kick off the hour. After a solid day for stocks yesterday, we saw the s p close at the 17th recordhigh of the year. A bit of a mixed picture. The dow opens up 25 points higher. The nasdaq a little hdown. And take a look at yields. The benchmark moving just about four or five basis poimtss from the level we saw it at yesterday. Were looking at energy, specifically oil, riding a foursession losing streak. Were seeing a bit of a bounceback. Wti and brent cru
Plus, tesla aint looking so magnificent. That is the view of wells fargo, the firm slapping that ev maker with the equivalent of a sell rating. Lets begin with this ongoing market rally. As we said, s p is coming off that record close, posting its best day yesterday in march. A lot of discussion. We were talking about the wells note today about disjointed momentum trade going on in frot of friday, mike. It has been a little bit agitated. This has been a fuse people have been watching burn down, this idea that the market is o overrelying on these momentum movers. Laggards took up the slack. Yesterday, little bit of a reversal. It was a bounce. I feel like, you know, its admirable that the market is able to repair itself this way in an ongoing basis. Its a bull market. The pullbacks have been shallow. Theyve been brief. But it still hasnt relieved a lot of what could be the excesses within it, which is the extreme outperformance of things like semis. And the extreme reliance on the dayto
Warren knows exactly whats coming across the plate and he makes the analogy he doesnt have to swing, no strikes called, so he can stand there all kay. He waits month after month, year after year and when hes ready he swings so he hits the wall. Rose we conclude with john avlon, his new book is called washingtons farewell the Founding Fathers warning to future generations. Washington was the author in terms of the ideas. Maybe its the autobiography of his ideas but he assembled the greatest team of ghost writers in history. James madison the first term, Alexander Hamilton the second term. The words are mostly hamiltons but the ideas are all washington. Rose broad, kunhardt and avalon when we continue. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose eli broad is here. He is one of the worlds most prominent philanthropists. The new yorker magazine c
Warren knows exactly whats coming across the plate and he makes the analogy he doesnt have to swing, no strikes called, so he can stand there all kay. He waits month after month, year after year and when hes ready he swings so he hits the wall. Rose we conclude with john avlon, his new book is called washingtons farewell the Founding Fathers warning to future generations. Washington was the author in terms of the ideas. Maybe its the autobiography of his ideas but he assembled the greatest team of ghost writers in history. James madison the first term, Alexander Hamilton the second term. The words are mostly hamiltons but the ideas are all washington. Rose broad, kunhardt and avalon when we continue. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose eli broad is here. He is one of the worlds most prominent philanthropists. The new yorker magazine c