Gets shown the door and off the earnings call. And later, more job cuts at tesla after marking the best day in weeks. Its tuesday, april 30th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day hahead. We kick it off with the look at the futures after the positive day for wall street yesterday. A different story today here in the red across the board. The dow would open about 70 points lower. For the month, dow, s p and nasdaq snapping fivemonth win streaks. The dow tracking for its worst performance since february of 202. For the month, chevron and American Express is leading the dow and home depot bringing up the rear. The fed kicks off the twoday policy meeting today. We have seen yields pull back from the levels we saw yesterday. The benchmark at 4. 62 . The twoyear yield at the 5 yield. Bitcoin is popping up above 61,000. Bitcoin is sliding a bit. Down below
Ahead of the open on the unexpected and welcome profit beat. Getting set for the latest on Consumer Prices and what it could mean for the fed decision next week. Its friday, april 26th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us on friday morning lets kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the First Quarter earnings season. Look at the beats. You see they are in the green. Nasdaq up 1 the dow looking like they would open 60 points higher. S p up. 75 . The big story is big tech led by alphabet and what you could call a triple crown Earnings Report First Quarter revenue and net income ahead of estimates. 17 billion in Free Cash Flow announcing the Quarterly Dividend and 70 billion Share Buyback program. The stock is popping af
Tech bouncing back microsoft and alphabet up sharply. Plus the Biden Administration is awarding micron 6 million in federal grants to boost production of chips in the state of new york and idaho. Were going to discuss all that with microns ceo. Hes live at post nine and the oil giants, exxon and chevron, both posting lower First Quarter profits. Mike wirth will join us this hour well go over those results. Lets begin with the markets and this mornings inflation data, highly anticipated, jim, not just core pce but best couple of months on spending in about a year look, this is a front frontsybacksy day versus what we got im going to mention somebody. You tell me if you agree pangloss pangloss. Panglossian number. Were taking the s. A. T. This morning . Thats where youre starting the show today on this friday in late april you want to explain that to everybody else the bonds are right i have to tell you, carl, last night im sending a note to ruth in the middle of the night, fantastic. Al
With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, happy to see you my gosh. What am i, your kid you bring me to work today listen to me gdp no. The worry now is s
In the works on the back of surging copper demand. Later, the white house announces another multibillion dollar award to another giant. Its thursday, april 25th, 2024 and are you watching Worldwide Exchange. Good morning thank you to much for being with us before we get start ed, a quick news alert the Biden Administration announcing a 6. 1 billion Funding Agreement with micron under the chips and sciences act. The deal will be in support of the construction of the facilities in new york and idaho. Micron investing 125 billion into the projects. President biden will be in syracuse, new york today we will have more this later in the hour look at micron shares down over. 13 . Turning back to the trading day ahead and the check of the futures after a mixed session for stocks dow snapped the foursession win streak and you can see all three are in the red this morning nasdaq is down 1 . The s p down. 50 . You see the dow looking like it would open over 100 points lower. Of course, the big s