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Here joining us is chief Investment Officer of the Minnesota State board of investment. Good morning. Good morning, john. How are you . Im doing pretty well i hope you are, too. So, a lot of people trying to figure out what to do with this market your philosophy is to buy the market and not individual equities but this market has been kind of funky i wonder does big techs increasing waiting say in s p 500 concern you . How do you get as diversified as you want to be no. As i said, i mentioned before, we dont look at sector by sector weve been longterm investors and for the most part we buy the market you know, domestically we own the russell 3,000. We do have active managers, but the vast majority of our portfolio is passively managed our equity portfolio is passively managed, same on the International Side so w ....
The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max. ....
Consumer staples keep falling. Plus no sign of recession in ticket sales for live events, not just taylor swift or beyonce. Well talk to the head of the company that puts on monster jam, disney on ice, and the circus about the Strong Demand for experiences. First lets check on the markets. In the past hour we went to fresh session lows with the dow down 150 points but are off that some point. S p down 11 points today. The nasdaq is back into positive territory by about 5 point. Home builders are getting hit hard today as Interest Rates rise. The xhb Home Builders etf is down and the tenyear yield at last check was up around 425. Shares of United Airlines falling sharply midday as the Company Issued a nationwide ....
Generating most of its power from renewables and more micros boats living she needs yes, we make a man prepared to risk his life to travel to europe, and a smugglers said to profit from the dangerous gen the im anthony. How it welcome to the program. The kremlin, he is refusing to comment on claims by us officials that the north Korean Leader kim jump on is to hold talks on supplying russia with weapons for the ball and ukraine. The Us National Security council says negotiations between rossa and north korea actively advancing. The 2 nations had previously committed to close the military cooperation. North koreas minute tree might on full display just celebration in july smoking. The 3 in will around me is this. Russian defense minister said gave show a goose stood side by side with the north korean president to the parade in the capital p. O. Nan made a big show of nois ....
And the department of justice getsset for the fullcourt press on livenation and ticketmaster. And later, Wage Inflation meets sticker shock in florida its thursday, may 23rd, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Thank you so much for being here with us. Lets get you ready for the trading day ahead. We kickoff the hour with the check of the stock futures stude futures are higher the dow has been moving between positive and flat. You can see it is down fractionally right now you see the nasdaq up big following the nvidia report. The s p firmly in green territory. This is following the release of the feds minutes and raising concerns of the persistent inflation and signaling a longer timeline for cuts than expected. The expectation for the july me ....