Whats happening with treasury yields a tz you know, the trend has been higher and that continues this morning the 10year is at 4. 63 the 2year while its in the green, its a little bit below where we were yesterday, 4. 94. Still below 5 well take a quick look at Oil Prices Data showing a drop in crude stocks, a positive sign for demand yesterday oil prices were higher, this morning giving back just about 39d . But wti is just below 30 a barrel. Meantime protests arrive ingn campus speaker johnson speaks about it. Meantime late last night columbias president providing an update, saying the school is now in talks with student protesters to clear an encampment on its west lawn. Theres a deadline tonight to dismantle or theyre consider other options to clear the area. The school now says theyre not tolerate discriminating behavior theyll put them through appropriate disciplinary processes. We will see. I know there are a whole bunch of donors watching all of this, waiting to figure out i sp
Target is looking to shut stores. Costco said its not a major problem. President biden urges uaw workers to stick with the strike while elon musk says the demands are a sure way to bankrupt the big three. We will get to costco in a minute. Lets start with the markets looking to rebound from yesterdays selloff. Jim, you have said this morning be careful, dont bite too soon. Thank you. Because you come in, now i have to tell you that when i was watching Frank Holland this morning, looked like we were about to have a breakout, then we go back down. What i want people to understand is october is a good month. I can understand you trying to position, but i also am more worried that Interest Rates, which did not go higher on the durable goods, the Interest Rates could reverse, and, david, i dont care what month were going into. This market, as weve indicated is really about Interest Rates. Its not about, as much as people might want to say, its not about earnings. The earnings we have had th
Shares are climbing in the premarket after stronger than expected earnings surging on that news. Nasdaq set to open higher after the 39th record close of the year but revenues miss anz dekrien for the 31st executive order. Its a lot to think about. Its very hard to have cyber theft which is really important. He did it lightning speed. These guys are 15. It takes so long to remake an organization in an environment when youre up about amazon and microsoft. These are just, these are competitors the likes of which ibm has never seen before. And to outrun the legacy business its slowing. The growth is slowing more quickly than originally watson dont come here i dont need you. But thats a key part of their strategy. It is Artificial Intelligence is an important component of what ibm services is going to offer. Now another undercurrent is they cant get the ai people that you can get out west. I dont know it is difficult but it can be done ibm has not yet been able to make the transition the n
She is back from vacation. And lets see if its going to be a good day. To logan. Bill, things are looking all right. As a matter fact, we are roughly a minute and a half away from the official sunrise and we are already seeing just a couple of showers. Offshore and into the gulf of mexico and also, a couple further inland. From wauchula down toward sylvan lakes, this is a very light shower just sort of popping up. It looked like ground cover originally but this is looking more like actual rain. Tampa right now with 81 degrees and it is 79 in clearwater and saint petersburg. The winds are calm and we will today coming out of the west and that will push any of the very random showers further inland. We will take that high up to about 9192 degrees later on today feeling more like 100102 so make sure you have plenty of water. Find some shade and otherwise, enjoy the sunshine. Even less rain chances tomorrow. I will show you the weekend outlook in detail coming up in less than 15 minutes. R
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking about now iran on the tape is saying, maybe, we still want our piece. Thats going to be the question, iran and iraq as well who is also ramping up production to get money, its an expensive fight it has on its hands with isis. Thats the big caveat that Oil Producers will agree. Before this announcement, brent crude was up as much as 5 . Its still higher. The bulls would say, at least were getting diplomacy. This is the first coordinated move that the major producers are doing since the pain began,