Just a fraction below 3,000. It is one that misses out on a new record. We have a lot boeing on. Waiting for new comment from President Trump at this hour. He is hosting a social media summit at the white house. He is also expected to make announcement of some sort on executive action related to maybe the Citizenship Question being added or not added to the census anything on either topics well bring breaking headlines as soon as we get them. Blake burman is there at the white house for us. Gerri willis. Is fully outfitted down on the floor of the New York Stock Exchange on recordsetting day. Hey, gerry. Reporter United Health systems was propelled. Trump agreed to kill a proposal that would overhaul rebates collected by middlemen in the drug business, between the insurance companies, the Drug Companies. He is going to kill that. The drug Company Costs that really helped company like unitedhealthcare that has optum rx is their middleman company. They are on fire as are others in the ca
Finally, the new leader and how he may be able to help the stock that has slumped postpandemic. Caroline it is time to move on from the potential cage fight elon musk, but will wait . But will we . I am looking at the nasdaq, managing to pick ourselves up from the concerns we had from china. The big chinese names that are traded here in the u. S. , they are still under pressure as much as they were in earlier days trading. We are now off by half of that, this is the anxiety around both management and exposure there over in china, and warm with the property market, how much of the market will stimulate this economy. There are some anxiety in the bond market, a couple of weeks, in terms of the 10year, 4. 2 on the 10year that we see, 5 on the two year, we see that yield move absolutely higher on the tenure as it stands 10 year as it stands. We have seen a knockdown on sunday trading but that is then volumes, we have volumes no matter what asset class you look at. Im looking at what is hap
New investment restrictions tied to china its wednesday, august 9th, 2023, and youre watching Worldwide Exchange right here on cnbc. Good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start this day as always kick it off with a check on u. S. Stock futures. Right now were seeing them in the green across the board open up about 08 points higher nasdaq, more than a third percent higher in the premarket after a rough session for stocks yesterday. Investors digesting the moodys downgrade that sent major u. S. Officials sinking. Goldman sachs closing 2 lower, citi down 1. 5 and wells fargo jp morgan largely spared in this situation. This morning, were seeing a bit of a mixed picture take a look at how the stocks are performing right now in the premarket. Were seeing some of them still in the red as you can see, goldman sachs, jp morgan fractionally lower, bit of a rebound for bank of america, half percent higher, wells fargo up. 25 . Bond market, as always,
Flight to safety. Shares in semins as diagnostics takes a hit in the Third Quarter. The ceo says hes still confident despite some challenges. We saw some headwinds from Foreign Exchange over the year and we guide for this in the last quarter and because of this, we see very well underway to get to the lower end of the original guidance. Four charges and six alleged cocon coconspirators. Former President Donald Trump is indicted for attempting to overturn the 2020 election and conspiracy to defraud the u. S. Well, good morning to you. Heres the news weve been breaking across the morning. Fitch stripping the United States of its aaa reading and down to aa its over the standard of governance over the last 20 years following the buy saturday tan talk in the month of may which eventually saw the debt ceiling raised until january 2025 now, the agency had placed the u. S. On negative watch following the 11th hour deal fitch then also flagged a high debt burden along with an expected mild rece
You have powell on the hill on wednesday and thursday. You have a jobs report on friday. You have jolt and ecb with a decision this week. Talk to me about it. We are in a shoulder month as far as i am concerned as far as information goes, and very little to come. Obviously we have broadcom and a few others, and we are at the end of Fourth Quarter earning season, and we are not near Third Quarter or announcement its all about the macro because thats been the strong pillar to the economy. Not just a labor report on friday, but next week, scott, its not too early to look ahead to cpi and ppi. What we want to know is whether januarys hot Inflation Numbers were a blip or a reversal of trend, and the fed wants to know that. Powell will be asked about the inflation, obviously, and the direction ahead. He will testify on the hill, Senate Banking and House Financial Services not in that order, of course, on wednesday and thursday. It will be closely watched by the markets. Deutsche bank is talk