Im melissa lee. Always good to have you, rebecca. And we start off with the sea of red on wall street major indices all down over a percent ahead of tomorrows fed decision investors seeing a more than 80 the central bank will raise rates another quarter percent. The big banks and regional efts hitting their lowest levels since late 2020. Pac west, western alinls, and comare ka down double digits the oih dropping 6 , lowest close since october, as crude tumbled back to the 70 mark investors blocking to the safety of gold. Both the Precious Metals and the miners offering some refuge amid the volatility the banking crisis not solved, the fed set to hike yet again, and a new xdate for the debt ceiling now just weeks away, not months so, theres a lot going on here, guy. Feels like people just want to be riskier not a trifecta you want to win. Bank of america, whisper of its 52week low. Not trading well and dan mentions it all the time the banks are so vitally important, its interesting, whe
Chevron missed earnings estimates. Earnings are overshadowed by two major mega deals. We will speak to the exxon ceo darren woods. Earnings shake it off or aint going to be all right. Big week for earnings, big week for telus riffles i am alix steel with my cohost big week for taylor swift. I am alix steel with my cohost, guy johnson. This is the last date we will be in proximity, we will miss you. Im not sure what my takeaways yet. Guy my take away from the european earnings story is they stink. Alix that is supposed to be factored in the price. Guy what they really stink. Todays data fits the narrative in the consumer continues to spend. That is the line between that data and taylor swift. The taylor swift, beyonce, b arbie story has been phenomenal. I wonder if we are running out of steam on that. Spending is a big factor. Fantastic story on the terminal which speaks to this narrative as well, buy boomers, sell millennials. Boomers have loads of money and they are spending. Millenni
Markets, cautiously up on the nasdaq at the moment,. 3 . Big week. Weve got the fed, all important claims, jobs data on friday. We are seeing a 10year yield of diving back four or five basis points ahead of the Federal Reserve and where we see the economy and the Interest Rate environment going. Notably, a lot capturing the attention in japan at the moment. Some of the training is going to be more muted, but with the yen its big volatility over the dollaryen, which goes higher. Was it japanese boj intervention . They remain mum on the subject. Bitcoin, down against the u. S. Dollar by 1. 25 with a risk off yield more generally and etf frozen. What are you looking at on the micro . Ed tesla, which is a big, almost surprise story. Just a few tenths of a percent away from its biggest jump since january of 2020 two. Similar to the gains we saw april 24. Full self driving in china according to a bloomberg source. Two subsets of that. A partnership with baidu on income mapping, specifically
case, is to call the defendant himself to testify. margaret: plus, hunter biden s daughter takes the stand. what she said that made her father emotional. the cbs evening news starts now. good evening, and thank you for being with us. i m margaret brennan in for norah o donnell. the prosecution rested in the federal gun trial of hunter biden. his eldest daughter took the stand today to testify in his defense. naomi biden told the jury about visiting her father while he was in rehab, just weeks before the gun purchase at the center of the case. she said, he seemed like the clearest i had seen him since my uncle died. and then, i told him i was so proud of him. an emotional moment that came after prosecutors wrapped their case with testimony from law enforcement officials, who spoke about drug residue and text messages between hunter biden and his alleged dealers. cbs s scott macfarlane was inside the courtroom and will start us off tonight. reporter: 30-year-old n
case, is to call the defendant himself to testify. margaret: plus, hunter biden s daughter takes the stand. what she said that made her father emotion all. the evening news starts now. good evening, and thank you for being with us. i m margaret brennan in for norah o donnell. the prosecution rested in the federal gun trial of hunter biden. his eldest daughter took the stand today to testify in his defense. naomi biden told the jury about visiting her father while he was in rehab, just weeks before the gun purchase at the center of the case. she said, he seems like the clearest i had seen him since my uncle died. and then i told him i was so proud of him. an emotional moment that came after prosecutors wrapped their case with testimony from law enforcement officials, who spoke about drug residue and text messages between hunter biden and his alleged dealers. cbs a scott macfarlane was inside the courtroom and will start us off tonight. reporter: 30-year-old naomi bid