Stock wave in a record high. And federal prosecutors saying boeing is possibly on the hook for as much as 2. 5 billion. Its wednesday, may 15th. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Thank you for being with us on this wednesday morning. H lets kick off the horde with the u. S. Futures after a mostly positive day for stocks yesterday that saw the nasdaq close at a fresh alltime high. Meanwhile you are seeing some marginal gains implied at the opening bell today. The s p 500 higher by roughly 2 to 3 points and the nasdaq up 1 to 2. Ahead of the opening bell, at least 31 s p 500 companies are now at 52week highs or better or alltime highs across the economic spectrum, across ought of them, including qualcomm, bank of america, freepo freeportmcmoran. At least oneyear highs. Also checking the bond market ahead of todays inflation rate, yields are ticking lower. The 10year ticking solidly below the halfway mark. The 2year note yie
Partners, they are impatient about getting some of their capital back from the general partners . Are there vehicles to get around that that you might be involved in . Paul there definitely are vehicles. Lets unpack what the problem is. If you have private equity firms who have bought assets in katie i m Katie Greifeld and the low Interest Rate environment and now rates are at meaningfully higher, there is a reluctance to sell those assets welcome to bloomberg markets. In a period where they a lot of good news on the screen underwrote it at one multiple behind me. And now they are looking at selling it in a different multiple. S p 500 on an alltime high of one of the great things about about. 4 . Private equity firms if they are the same story if you look at exquisite in controlling the exits. Big tech higher to the tune of what were seeing is what they sense as rates have crested, about point 4 . They have yet to come down. It will not be until rates start you can see the 10year gilts
Now. Amc up 10 . Sunpower corporation has dropped. Watch that volatility. And our good friends at black berry are up a little over 1. 5 after what was a wild, wide ride yesterday. Well talk more about that and the implications of that. Are we back . Are we back . Its like going in a time machine. Treasury yields, we should mention this. Copper prices hitting a record high overnight. 5. 02 per pound in an effort to build the global economist maybe something well talk about with our secret mystery guest who knows a lot about evs and cars and other things. So gamestops up, sorkin, today. It is. But not as much as it was. It opened at almost 65 yesterday. It did. It closed at 48. It did. Today were in the mid50s. Were not hitting the crazy high we hit yesterday. Im torn. Theres no doubt, i agree with you, its like certifiably insane, but then there are people that write in, so you clowns think its okay for hedge funds to have naked shorts and do this and do that, but its not okay when the
A fixed income veteran has left BlackRock after almost 20 years to take up a position of global CIO for fixed income, responsible for managing $278 billion in fixed income assets.
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