Maria good wednesday morning. Thanks for joining us i hope you are having a good wednesday morning. I am maria bartiromo, wednesday, march 20, 8 00 a. M. On the east coast, hiding from American Public hunter biden is not expected to show up today for a public hearing before the House Oversight committee his lawyer dismissed the hearing as quote a carnival sideshow in december before he testified under oath behind closed doors hunter pushed for a public hearing, remember . I am here to testify in a public hearing today. To answer any of the committees legitimate questions republicans do not want open process where americans can see expose their faceless inquiry or hear what i have to say what are they afraid of . I am here. I am ready. Yeah hunter biden former business parn Tony Bobulinski testifying today told lawmakers joe biden is quote the big guy, there is oped with exerpts from testimony says i want to be Crystal Clear from a direct personal experience what i have assessed come to
My bottom line, josh, until rates and apple stabilize, the market is not going to stabilize. I think the big picture thing to bear in mind is what were seeing this month is wholly of a piece what typically happens in august, what typically happens august in the third year of the president ial cycle, and coming out of an earnings season that, quite frankly, was not great but not terrible and better than expected on a lot of fronts. You had stocks run up into that better than expected earnings in most cases and then you had profit taking. Buy the rumor, sell the news none of this is foreign. None of this is strange to anyone who has been around for a long time. There are differences in the dynamics beneath the surface in terms of the way people trade these days that maybe make these effects more pronounced. But if you look at where we are in relative strength and internals, in the vix, all of this is well within the bounds of what weve seen historically, and i dont think that we need to
Joining me this morning. Im maria bartiromo. Today, accusations of high crimes and misdemeanors. Will it lead to a president ial impeachment inquiry next month . Joe biden goes by alias, fake names on government emails, and ccs first son hunter on the official u. S. Business communication over ukraine. Now, House Oversight Committee Chairman james comer wants answers. The kentucky congressman will join me with the very latest on his investigation into President Joe Biden. Then, bidens soft response to china sparks another smack in the face from the Chinese Communist party, as amazingly janet yellen is served hallucinogenic mushrooms by her beijing hosts. The person who arranged our dinner did the order and it was a delicious mushroom dish i was not aware that these mushrooms had hallucinogenic properties. I learned that later. Maria what will it take for communist china to show any respect to the Biden Administration. Former u. S. Trade representative Robert Lighthizer on taking on chi
Computer networking equipment making headway in ai. And in Security Technology grid we break down ciscos results. Meanwhile, raising 20 billion of market value in one day alone after posting the slowest Revenue Growth since the europeans payment shines ipo. We will bring the details, but were talking about an erosion grid once again, sentiment on the downside on the nasdaq. These arent enormous moves. But the volume a low will see some nervousness around what is happening in the bond market. Significant selloff. A rate at which we are inclining and yield spread we are seeing another six basis points added on the tenure. This will come thick and fast. U. K. Yields are upper us across the world. A movement to bonds that will see Interest Rates continuing to have to remain at a sustained high level. Interesting that we got a reprieve in china. China is throwing everything it can from a government perspective at stabilizing the economy. We are worried about the property sectors in the econ
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