Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s
The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, yields on the 4 level are still in focus with regard to the u. S. 10year treasury right now, it is 4. 08 the 2year treasury is lower at 4. 81 . The 30year treasury is below 4. 25 right now. On the energy, oil prices are on the move we ar
Good morning, and good to be with you. Im annemarie green. We begin with the death toll jumping overnight in the maui wildfires. At least 55 people have died now. And that number is expected to rise. A Historic Town has all but burned down with more than 1,000 structures destroyed. The fire is 80 contained. Search and rescue efforts continue as crews try to reach remote areas of the island. Officials expect that it will become the states deadliest Natural Disaster in more than six decades. Jessica kartalija has more from maui. Reporter these are the smoldering ruins of the historic hawaiian city of lahaina. We know that many people are suffering, the fatality numbers will climb. Reporter Hawaii Governor josh green toured the devastation yesterday. What we saw was likely the largest Natural Disaster in hawaii state history. Reporter local Officials Say no one could have predicted the massive wildfires that struck west maui this week fanned by strong winds as Hurricane Dora passed just s
I would love to talk i will talk about it. Theyre not taking away my First Amendment rights. Donald trump claiming earlier this week that no one is going to stop him from speaking about his criminal case. Today, judge Tanya Chutkan laid down the law and told trumps lawyer that trumps words will have consequences. And the First Amendment is not absolute. Plus, attorney general Merrick Garland appoints a Special Counsel to investigate hunter biden . And republicans are predictably complaining about it after spending months demanding exactly that. And good evening, everyone. Happy friday. Tonight was a big night for donald trump, who discovered that after all, at least to the criminal Justice System, he is no different from anyone else. Despite his fame and political prominence, he cant just publicly abuse witnesses because hes on the campaign trail. The judge who taught him that lesson today is named Tanya Chutkan. I have a bunch more to say on her in a bit, but we begin the reidout toni
Fires are breaking out, had to leave. Talk more about that. Yeah, thats a big story. Weve been live at sfo and were looking whether there was a way thankfully its calm down. So much history that was so hard to see. And now the devastation coming yeah, yeah. Here in the bay area were much calmer, obviously we are in for a warmup these next few days, though, you can see outside this morning. We do have mount tam looking down into that lincoln of cloud cover thats still sitting right there above the areas like berkeley and San Francisco. Visibility has improved a whole lot, though. Now current temperatures are in the 50s and san mateo as seth areas that are hanging on to some of clouds. Well, elsewhere, it 60s and 70s at this point and are all the sunshine later on today. Similar to yesterday. Were holding on to the seasonable warmth in the 60s, 70s 80s. Ive got all the details of your forecast as we go during james. Thank you and 10. 0, 1, lets get to the breaking news and out of maui. A