7 billion flowdan to Crypto Assets last week we will discuss that with the delta plot we will discuss them in so much more throughout the hour. Lets get to markets, a hotter than expected cpi print that drove the narrative. In the equity space it was a negative reaction at first. We havent changed her mind about the idea that if a rate cut is coming from the Federal Reserve is not coming until june. We are now up by a percentage point and a lot of the legwork coming from the earnings story. Semiconductors higher. Even as you see rates creep i. The 10 year yield was creeping up and bitcoin is down 1. 36 . Just above 71,000 u. S. Dollars per token. Talking about this upside and equities is probably oracle that accounts for that. The story, 20 5 topline growth in this cloud business. If you look at the analyst known there is an ai detail went. Lets get right to the conversation and bring forth brody, bloomberg oracle chief. The performance of the cloud unit, that was pretty good. They boo
Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching up toward 80. The high end of the range. 79. 68. Opec plus countries delaying production. That means 2. 2 Million Barrels per day of cuts planned for the First Quarter of the year will continue into the next quarter. We will talk more about this and the implications with helima croft in the 8 00 hour. Congressional leaders released the details of the first six budget bills to keep the government funded. Democrats secured full funding of the special Food Assistance program for women, infants and
Tenyear note at 4. 556 . Twoyear note at 4. 927 . As you imagine in the energy world impacted by this. Wti crude is not impacted much. Check out crypto. For you trying to watch what the markets may do over the weekend as people were focused on bitcoin since it was trading as the strikes were taking place. 6 66,609. What was the low, mike . Low 60s. I was actually on twitter trying to understand the maneuverings because of the thesis, if you will, around what bitcoin should or should not be in this moment. It doesnt conform to anything lyinearly. This was pretty well telegraphed. You have the broader context which is typically an expected potential escalation of geopolitical conflict is not the thing to really drive the next weeks and months in markets. I do think markets are dealing with other stuff. Right now, a little bit of pressure is taken off because doesnt look to spiral. Oil is in the lied. Lead. The other part of it is were only getting back at the open if this is how it stand