Since yields sharply lower. U. S. Downgrade in boosted treasury auctions. We begin with a big issue, making sense of a wild week. It is a job report that has something for everybody. The u. S. Economy continues to power through. We curry whether the payroll numbers are telling we query whether the payroll numbers are telling the real story. U. S. Treasury market is not like the other bond markets. This is the year of the bond, right . You had a rich five to near part of the curve. You wonder what is the long and doing for you. It is hard to convince people to go towards the long end. Katie joining us now we have rbc play and earl davis of bmo from canadian banks which is a little bit fun. So is your own said, i will start with you. It is hard to know where to start. If you look at 10year gilts, there of 23 basis points through thursday only to fall 11 basis points today. How do you make sense of that volatility in benchmark treasury debt . Like a separate like the separate things out.
Yields rising on both sides of the atlantic and its duration. We are seeing big moves in the 30 year. It is certainly having an effect in terms of sentiment. The bond market is driving the narrative. It continues today. Moments ago i had infineon on in here and i switched it out for credit agricole. They are getting close to a bid. Interesting to see whether that deal goes through. The pound, lets talk about that. A little bit softer. There is so much to discuss around the bank of england. We will do that in just a moment. Talk about rates being restrictive. How much further could we see the bank of england going . There are lots of questions that need to be asked and answered. Kailey we will get to those in just a second but i want to touch on the u. S. Markets because we are coming off of the worst day for the s p 500 since april and we are seeing losses continued though they are smaller. The s p down. 4 . The nasdaq. 2 . Apple and amazon reporting after the bell. A lot of the moveme
let me put it that way. if you win iowa and you win new hampshire, they ve never had a loss. there s never been, so ware not going to be the first i can tell you. at one point in this campaign there were 14 of us running and we were at 2% in the polls. well, i m a fighter. and i m scrappy. and now we re the last ones standing next to donald trump. that s nikki haley vowing to stay in the race despite a double digit loss to donald trump last night in new hampshire. we ll break down those results and the future of the campaign. plus, president biden hits the campaign trail with a passionate speech focused on the contrasts between him and donald trump. and also ahead significant progress perhaps on bringing peace to gaza as israel and hamas appear to be close to a cease-fire deal. good morning and welcome to way too early on this wednesday, january 24th, the morning after the new hampshire primary. i m jonathan lemire. thanks for starting your day with us. donald trump w
sandra: all new at 2:00, calling all officers. los angeles mayor karen bass is making good on her campaign promise. looking to recruit hundreds are month police officers in an effort to rebuild the city s reputation in the face of rising crime. john: she says it s long overdue, after the lapd lost nearly 1,000 officers, many pinning it on defund the police and soft on crime policies. sandra: welcome back, john, halfway there. john: halfway there, halfway to friday. the long slow slide into the weekend from here. john roberts in washington. the democratic mayor already warning some in her party may see her proposal as a betrayal, specifically those who have supported defunding the police. but others say safety should be everyone s priority. i remember, and i m old enough to remember where it did not matter if you were a democrat or republican, your safety was one that every party cared about. sandra: right to matt, covering the story closely. matt, there s a millio
Move higher all day. A new high, an oil rally because of the war in the middle east, and its been a lot for investors to deal with. Morgan stanley suffering its worst oneday performance in many years. The stock down 7 1 3 percent after earnings. Transports downright ugly. Names like united airlines, jb hunt trading poorly as well. And as for tech, its a bit of a mixed bag, yields popping, some trying to be green but most have now turned red as we begin the final stretch. It does take us to our talk of the tape. What todays key earnings do mean for the hopes of a year end rally as it relates to tech. Lets ask our panel. Dan ives covers tesla. Alex, Big Technology founder and cnbc contributor. Jason snipe of odyssey is also a cnbc contributor. He owns many of the tech names including netflix. Were going to lean on jason in a moment. But, alex, i begin with you. Netflix has not traded well, to say the least. Shares are down 12 in a month. Whats the issue . Im embarrassed because last quar