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Kathleen youre watching daybreak asia, coming to you live from new york and hong kong. Autonomous where coming down to asias major market open. Haidi oil hitting a high for the year on investors settling for a 10 year yield below 4 in the latest treasury auction. Disney gaining after the bell and a folk at forecast for lower Capital Spending. China says u. S. Is weaponizing trade as President Biden signs an executive order limiting investment in some of his companies. Kathleen lets take a look at u. S. Futures. It was a down day in stocks ahead of that big cpi report in the next 24 hours. You can see a bounce back but at the close, the nasdaq was down about 1. 2 . The s p 500 down 7 10 of 1 . Nvidia, big move down. One of our reporters saying earlier that people wonder what has gotten the cpi report so nvidia was down, tesla was down, amazon was down and then there was a b ....
Surge admitted speculation that Roaring Kitty is back. We discussed that and so much more. Lets turn our attention to the macro picture. New headlines coming from the new york fed when it comes to Consumer Sentiment. It is still running hot, 3. 3 in terms of where consumers see inflationary pressures being in a year. Still holding onto gains,. 3 higher. Cpi on wednesday, ppi on thursday. 2year yield remaining higher. Borrowing costs remaining high. Money going in, yields go lower by two basis points. Bloomberg dollar index also down, some anxiety around inflation despite the new york fed data. Lets look at what is happening in bitcoin. Even though the dollar is up by. 1 percent, crypto is higher by 2. 3 . I know that youll focus on gamestop. This is the read across from some of that renzi, related names. What have you got on the micro . Ed gamestop. Meme stock manny is bac ....
Apple is looking at anpology after social media outrage. One china ev maker with the sector wide crackdown. From his its friday, may 10th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. We are coming to you live from cnbc london for the last day thank you for being with us today and the entire time we have been here in london we will kickoff the hour with the positive session of stocks yesterday. Look at futures in the green across the board the dow would open up 125 points higher ahead of the open, the dow is riding a sevensession win streak we are checking the bond market with the tenyear yield falling below 4. 5 following the stronger than expected initial claims data. The benchmark at 4. 44 the twoyear note at 4. 81 the Energy Market shows oil below 8 ....
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that ....
Battle twith microsoft and the battle with prime. Things were in a different place with layoffs and a big restructuring taking place with the distribution model at the company. If you look at where things are right now, even with some of the downward pressure on stocks across the board, you are looking at the market cap of 1. 9 trillion. The Company Making 575 billion in revenue and sitting on 70 billion of cash. The stock is up year to date and is now up 6 since andy jassy took over from jeff bezos in july of 2021. That was in the middle of the pandemic. We have so much to talk to him about. We will bring that interview to you in the 8 00 hour. As you mentioned, given everything with inflation and the consumer may be feeling at this point, really perfect time to be talking to him about what he sees with his huge Retail Operations and beyond that and what is happening with ....