Good tuesday morning, welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin with us dow because up 275 this morning. We lost some of that the covid19 vaccine rotation is continuing with tech down another 2 today and the s p 500 down 26 points thats where well begin this morning. The nasdaq falls investors rotating out of tech to some degree the managing director is going to help us start off the hour. Good morning, mark good to see you. The. Hey, carl, good to see you. We know i mean, the argument has been made that world changed a little bit yesterday for the better but is the tech reaction is there bath water being thrown out too . Well, yeah. The world did change id argue a lot yesterday. And not surprising that were seeing a rotation in some of the tech names i think for the next little while here, you know, expect the expected were going to think continue to see some rotation away from the work from home names probably bate probably a bit of a short term r
News from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u. K. Two year yield. We were below japan a little bit early on. Slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. Even the medium one i do not think it was positive. What are we going to be talking about . We will be talking commodities. We will chat oil and a little bit of copper and gold. Francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the Global Commodities research at the bank of america. His dash cam weighing in on those commodities commodities. Fargo, citibank and jp morgan with jp morgan the outperform or. What stood out to you. It was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. In terms of how the shares are performing it is a mix. Jp morgan all the loan gai
Solutions. No cheering france but major professional sport is back south koreas baseball is finally get to start the season. Because it t. V. Network in the philippines ordered to shut down after a lengthy dispute with the president we go to turkey. Now and santa how much snow have all the sporting clytie the n. F. L. Cancels its games in london in mexico city for the coming season because of the global pandemic. So that one of the toughest coronavirus lockdowns in asia is to be eased even further hong kong chief executive kerry lamb says cinemas and bars can reopen later this week or secondary schools will restart later this month a lockdown was imposed in march there have been no new domestic infections for 2 weeks elsewhere though the u. K. Is still in the grip of the pandemic it now has the highest number of deaths in europe and russia has reported more than 10000 new infections for the 3rd day in a row worldwide more than a quarter of a 1000000 people have died this is the. Hopkin
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
With this knife in selfdefense. At the same time police say natalehjorth struggled with the mans partner. In an exclusive interview his mother telling abc station kgo her son is innocent. I believe that he was bold enough to set up a meeting to go and get his money back after being cheated. And i believe that he did not know that finn had the knife that evening with him. Reporter elders family saying, we are grateful that this process is finally moving forward, and we hope that this trial can stay focused on the facts of what happened that night. We look forward to the truth coming out and to finn coming home. Both defendants are also charged with attempted extortion and resisting police. They face a maximum of life in prison if convicted. Marci gonzalez, abc news, los angeles. Our thanks to marci there. The details of this one are extremely interesting. And we will see how it plays out. 18yearold gabriel, mother is a highend retailer, father a private executive director at private equ