A room. Welcome. This is all to you international with the latest world news out state is great to have you with us this out that we begin with the latest on the ukraine conflict, where the countrys military leader general alexander c. A skate has admit to its the russian forces, having tactical successes on the battlefield. This coming as k of was supposed to withdraw its troops from the villages of birds. She and assuming north cut the north west of the, of the and from nova, and they kind of cut to the south west of dont, yes and, well, ukraine is retreating to us. Is funding more dollars to kia. But where is the money . Where are they going . Taking a closer look or correspond to the shape both. So is the premium slice for waived, and the us political a lead slap themselves on the back for passing, but at least looks like it over 61000000000 and aid for ukraine. Weve taken a closer look at how when, where the money will supposedly be spent in surprise, surprise, the reality doesnt
To fend off growing competition there. Lets make a deal. Bill ackman teaming up with elon musk and the x platform. It is monday, october 2nd, 2023 and you are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the week and the hour with the check on the stock futures on the back of the government funding deal. More on that in a moment. Futures are in the green across the board. Dow looking like it would open up more than 100 points higher. S p. 50 higher. Nasdaq is more than. 75 higher. As always, it is early. Stocks are coming off a tough september and tough Third Quarter. The major indices losing between 2. 5 and 4 . The s p notching the worst p performance in years. The bond market here with the tenyear yield. Still moving higher at 4. 62 . A lot of technical analysts said this is important about the direction of bond yields. Look at the twoyear note which is back above 5 . That is something we are continuing to watch.
On that. Lets check on the euro. 117. 5,nce coming in estimation was 116. 7. You can see the leg up for the euro at 11858. If you break it down, he will have the current confidence. You have the Business Climate to get that pretty much in line, a touch better. Thats why we are seeing a bit. F an impact on the euro 118. 50 one. 1858. Nine 30 a. M. London time, we talk about the housing luxury ceo in london, with a thats a 9 45. Lets get straight to bloomberg first word news. Here is at ludlow. Germanys Opposition Party is opening talks on backing a government led by chancellor Angela Merkel. Social democratic secretarygeneral says the department of ready two start the discussion. The is it and eight hours of talks at the s of the leadership that wrapped up this morning. U. K. Officials have tried to accelerate brexit negotiations by suggesting that rather than wielding a veto next month, ireland could hold fire and block a final accord. Avoid a hard avoiding a hard border and island is
Get ready for more fed speak at home. Our road map begins with the president. No pullback despite the near daily drama in washington. New this morning, Electronics Ban targ it eieting flighting from muslim majority count countries. The president takes a visit to capitol hill, selling the Gop Health Care bill ahead of the vote on thursday. Stocks continue to show resiliency. The nasdaq taking aim at another interday high after four Straight Days of gain. The dow and s p up. S p is up 11 since the election. But the nasdaq put together three gains of less than a point. Yes. Which hasnt happened three times in a row since the 90 s. Closes at 5900 or 5901. I mean, it obviously tells you, maybe not that much going on, but also a coiling effect potentially. Youre seeing the volatility indexes and Everything Else looking like, you know, sort of the movement has been this offsetting action. At some point, no broad selling pressure. Really, something is working to keep it supported. It is amazin
Plummet plummeted. And the dollar turned around. Weak data out of the u. S. Earlier this morning. All kinds of moving pieces. One stock bucking the trend behind us at the New York Stock Exchange, go daddy. The stock prices last night above the expected range and traded for the first time today with a symbol gddy. The investors liking it as much as their racy commercials. Should investors go for go daddy even at these levels . You had a rather eventful morning. They took over the New York Stock Exchange. There was a huge crowd. You even had Danica Patrick doing pushups on the floor. Picture that. Doing pushups on the floor of the New York Stock Exchange. At the same time we were talking to the ceo. I will bring you some of those comments. Well check out the post. It has managed to hold its gains, 30 gain. Walmart inserting itself into a political controversy asking the governor of arkansas to veto a religious freedom bill. The governor sending the bill back to be rewritten. Well get to