And tech. I heard you make a sound as this,. Guy it starts get a low confusing. Prices paid goes for 48. 4 to 43. 8. That is a big drop, disinflation in the system but then you look at the employment number that goes from 48. 5 to 51. 2. Back in positive territory. Also higher to 49. 2, employment looks good and the should be really good for corporates. The headline number look strong and that is probably the first takeaway. Abigail could we say this is goldilocks . We are talking to tim last month about trough thing. You had implement still strong and prices still low. Isnt that good . Guy in some ways. We are going to get instant analysis almost today because weve got a big interview coming up in just a moment. Alix we are still seeing selling across the curve, equities still a little mixed. Guy i mentioned the big interview, we should probably go to that now. Wait welcome our tv and radio audiences and need to take you to the leadership, taking place in london. Joined now by emily c
Im still getting a welcome to the program. Israel says the 1st a trucks have entered garza through a newly opened crossing point in the north pictures provided bobbys right. The military affairs to show vehicles counting desperately needed supplies. Crossing the border after being screened for the south is right. The government has come under increasing International Pressure to allow more into the territory to ease the worst thing humanitarian crisis. Israel control london seeking groups into gaza even before the war, which began on october. The 7th when im us attacked. Israel dw corresponds, and i mean is if in jerusalem tells me more as well. The idea announced that they are opening a new crossing a northern crossing there, calling it remains on named along the northern border of gauze. They circulated this video which shows trucks during the night between thursday and friday, driving down what appears to be a dirt road. But they also said that these trucks were not inspected there
Mixed, kind of nothing actually. Isnt that funny. All minimal moves. Lets call it a complex more or less in europe flat at this point. 10year note yield, we had the big employment number on friday. Didnt really see that Much Movement though, did we . Its funny, i spent a lot of time talking about the bonds on friday on mad money, the old days what it would have been been like and it would have been selffulfilling and were we have a great economy so you know rates have to go up immediately. It did not occur and its a different pattern but weve seen for the past 30 years. Lets get to our road map this morning, well get back to the bond market in a bit breaking news in new york city, an explosion near the Port Authority bus terminal during the morning rush hour. There is one suspect now in custody. Plus, the bitcoin boom, the futures on their first day of trading, they are surging. And well also have an update on qualcomm and broadcom and importantly shots fired from elliott this morning
We are 30 minutes away from the end of the monday session. There is a lot of green today. Stocks rising. Currencies canning against the dollar. Stocks up for the third consecutive day. A great chart. The pound and u. K. Government bonds appear to be taking opposite sides. Sterling reaching its highest level since the brexit vote. U. K. Ing blue line, the u. S. 10 year yield spread is the white line. Suggest thate does the gilt market is far from skeptical about brexit progress. Africa. Lk about south there is optimism that jacob zuma may be forced to step down. It was decided friday that the 75 gerald president must 75yearold president must leave office. Allow his replacement to take over the presidency. The rand up to a threeyear high against the dollar today. Ubs shares were down earlier falling the biggest amount since unit missede key earnings expectations. Down bylows of the day, about one third of 1 . The worldss 12 manager will repurchase as much as 2. 1 billion of stock in thre
Good monday morning. Welcome to squawk alley. Jon fortt, sara eisen and myself at post nine. The markets up 63. Joining us today, re code executive editor cara swisher. First we want to get to phil lebeau for more on this ceo shakeup over at ford. Phil, good morning once again. Thank you very much. We will be talking with bill ford jr. , or actually bill ford, the executive chairman of the Ford Motor Company, coming to us from the companys headquarters discussing this decision in terms of dropping mark fields as ceo. Hes being replaced by jim hackette. Jim hackette, formerly the ceo of steelcase, board member at ford for a number of years and then took over the Smart Mobility business about a year, maybe a year and two months ago, and he now will be at the headquarters and we heard from him just within the last hour, saying look, we need to move faster, we need to make our decisions more unified as a company and as part of that, we are going to be talking with bill ford about what happ