Sharply lower bond yields today. Theres the benchmark, tenyear, 4. 63, call it 20, 30 basis points off the recent highs. Oil prices also jumped yesterday in the biggest oneday gain since april. But today, down a third of a percent. We are up 4 on the week now. If this fighting deepens and widens, and that is where we begin this hour. Lets go straight out to ellison barber with the latest in tel aviv as nightfall approaches there. Ellison . Reporter hey, kelly, our team was closer to the gaza border a couple of hours ago in the israeli city that is about 2 1 2 miles from the gaza border. It is one of the cities that has just seemed to be under a constant threat of missiles and air strikes. While we were there, the sirens sounded and very quickly we heard and saw the rockets coming in and had to rush and seek shelter. We know that is happening in the city right now as well. Inside of gaza, Israeli Military have changed the way they are going about their assault at this point. They have s
And later, pfizer shares catch a bid after earnings new York Community bank surprises investors with a clear path to profitability, and big moves from qualcomm and zillow in the afterhours. Were breaking it all down im melissa lee, coming to you live from the Nasdaq Market site in times square. The s p initially soaring more than a percent, but pulling back sharply in the last hour of trading to close in the red. The nasdaq had been up nearly 2 at the highs, also finished lower. Rates, meantime, also ricocheting with a twoyear following ten basis points at the lows, as chair powell seemed to take a rate hike mostly off the table, but yields climbing off those levels for more on what came out of the central bank, cnbcs Steve Liesman joins us now what was your overall take in terms of hawkish, dovish a little more hawkish than expected, melissa. The market maybe dodged a bullet the fed, they kept rates unchanged, that was expected but it was silent about what impact stalled inflation pro
First time in more than two years. Im Courtney Reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We got to start off with tesla taking off on q1 results. Shares actually soaring. This is despite a miss on the top and bottom lines investors seemingly excited that the new models may be coming sooner than expected if the gains hold tomorrow, it will be teslas best day since seethe hasnt had a lot of best days lately phil lebeau joins us now to break down the results phil, what happened here in this report well, its what they said in the indication of new models that are coming, more affordablepriced models that is exactly what the street wanted to hear the street didnt want to see what they saw for the First Quarter you and lets go over those numbers. None of these numbers are good any way you look at it, this was an ugly quarter for tesla. Earnings miss, 45 cents a share, the
Jpmorgan, citi, wells fargo, they all reported earnings. All appear to have been fairly strong. Were going to break down the quarters. Plus blackrock now managing nearly 10. 5 trillion in assets. Were joined exclusively by chairman and ceo larry fink. That will be later this hour. Were also watching the semis this morning. Qualcomm, intel, amd and nvidia all moving lower ahead of the open. China reportedly telling its Telecom Carriers to phase out foreign chips. I want to start with the banks and the downturn in the market as well. Earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. Mike, id love to just turn to you quickly, just get a sense on the market as well. Yeah. Its been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. Obviously, moved the nasdaq appreciably higher. What do we think is behind some of the weakness were seeing beyond these bank earnings, which, at the worst, are a mixed pictu
The future expectation. Of course, it seems at least one of the elements feeding into Consumer Confidence is the fact to continue to see stocks push higher. We are seeing the dow and s p 500 at records again. The nasdaq not at that level but we have seen this remarkable run continuing for stocks. Another way to measure that is the monthly performance of the u. S. Stock market. We had the s p 500 monthly change. Potentiallyng at eight straight months of gains, not assured. We had rocky performance earlier this month, but we are heading for a gains to close it out. We will see if anything changes. Also, couple of deals or when deal and one deal not happening. Work capital agreed to buy Buffalo Wild Wings for 2. 4 billion. The already own rvs and cinnabon. 1. 57 a share. Buffalo wild wings is up. Emerson electric is withdrawing its offer. Remember that proposal and emerson shares are up and rockwell also trading higher. Rejectedpeatedly emersons offers. As we head into this jay powell hea