Meeting this week along with the jay powell press conference. That will be the focuses for the markets. Right now, the tenyear yield is just about where it has been the last tcouple weeks propalestinian protests continuing on College Campuses over the weekend some schools requesting Police Intervention to stop encampments. Jill stein was arrested at a protest. She said it was about freedom of speech which needs debate and dialogue at ucla, protests by propalestinian and proraisrael supporters and at state university, they paused connections to boeing after they demanded to cut ties with the weaponing Manufacturing Division the school has no investment in boeing it accepted 150,000 in donations. Boeing providing 28,000 a year for scholarships the University Paper aresident d in response to the issues. Officials in china removed restrictions on tesla cars after the vehicles passed the Data Security requirements. Just this morning, the wall street journal is reports that chinese officials
Sinking again. And we continue the week long special with the best ideas heading into q4. It is tuesday, september 26th, 2023 you are watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. The s p and nasdaq both down about. 50 in the premarket we are checking the bond market with the 10year treasury at the highest level since october of 2007 look right now at 4. 52 also the 2year treasury is 5. 12 you see it is elevated we are looking at the energy markets. Oil is giving back a bit look right now at wti crude below 90 a barrel down 1 this morning brent crude at 92. 28. Similar for the Natural Gas Market down 1 this as the dollar adds to impressive gains up 2. 7 this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionall
And president xi jinping having dinner. Herearkets reacted to take us through the market reaction, Michael Mckee. What is at the fed had to say that got the attention of the market . Mike they did talk about the market. They are watching valuations. The feds job is to keep Financial Markets stable. They are a little concerned at the way things are going. There isnt much they can do about it at this point. This may just be a verbal warning shot to wall street. Aboutd went into detail its Balance Sheet program and where they will start reinvesting. By the end of the year, they want to get a couple more rate increases in and then the open question is how they do it once they start going. David nobody quite knows the answer to that. Rate hikes on the one hand and rolling off the Balance Sheet on the other. Mike there was not a tied to that in the minutes, but there was the interview with bill dudley. Qe lowered Interest Rates. If you start removing it, you will start raising Interest Rates
Will be for a breakout. We are talking about friday. Alix how the project on the downside when the defensive stock is already that defensive . Were going to discuss oils bl ull market with ed morris. He is bring his new call on oil. Yes, we have a little bit of strength in europe. Here futures are stronger but again, lack of conviction. Jonathan stocks go nowhere. Put that in a headline. That is the story with the ftse softer. The s pby 2 points on 500. No big moves. Eurodollar, one word, stable around 1. 12. Dollar oscillating throughout the last 24 hours. The dollar index was up for a fourth day. Then we rolled over. Been a choppy few hours of trading. If you look commodity markets, there is a theme. The pullback continues on crude. It resumes down by 1. 7 . Copper getting interesting, racing the gains for 2016 so far. We have the import data out of china on copper. Injectingows, uncertainty into commodities. Yields, the focus throughout this week, fiveyear yields. Were up a basis po
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