Looking to go public but dont expect profits any time soon lets forget the trade war, shall we were going to tell you about it without trying to ruffle any feathers Worldwide Exchange starts now. Your radio may be on. Maybe youre driving to work welcome for wherefo ever in the world youre watching. Futures right now are not giving us a lot of indication about which way this market is going to go in what has been a very volatile month for stocks. We are down exactly 0. 9 right now but not to take anything away from this fine program, well see if that turns around yesterday another rough day for stocks the dow falling 155 points right now. 0. 4 and yes stocks getting the attention they deserve but bonds continue to be the bigger story. Really the big money story the benchmark ten year note yielding 1. 47 which is below this which means we continue our inversion. The difference between the twos and the tens by the way, now the largest in 12 years. It is not just the ten year. The yield on
And hack tack profits hit . And then looking at the hand that feeds it. We will look at that one. It is friday, october 6th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start your friday with the check on the u. S. Stock futures after modest losses yesterday. Take a look. We are mixed right now. We are seeing the s p and the dow fractionally lower. Nasdaq higher. We alsoways say it is early. A mixed bag with the s p on track for the fifth straight week of losses. And we look at the yields with the 2year treasury still above 5 . You have to look at the 30year treasury which is creeping up back toward the 5 yield. Remember, this is an important indicator for Inflation Expectations and investor confidence. All of this is the lead up to the september employment report. Economists expecting employers to add 170,000 net new jobs last month. That is down slightly from last month. The Unemployment Rate, however, ex
A good thursday morning. We begin with yet another Stunning Development out of washington. A special prosecutor is now leading the investigation into Russian Election meddling. He is a former fbi director Robert Mueller who was tapped to oversee the probe whether the Trump Administration was connected to that russian meddling. President trump is expected to be bombarded with questions about the decision as he holds a previously scheduled News Conference today with the president of colombia. And another big headline today. Deputy attorney general Rod Rosenstein heads to capitol hill to brief the entire senate on the firing of former fbi director james comey. As special counsel Robert Mueller will have sweeping powers to prosecute any crimes he uncovers. Were told the white house was actually blindsided by the decision to appoint an outside prosecutor getting word just 30 minutes before the rest of the country. Abcs janai norman has the latest from washington for us. Good morning, janai.
Interference with the 20 election, and that is after Jeff Sessions recused himself, and made by acting attorney, rosenstein. The white house initially blamed the decision on that a recommendation from rosenstein. But trump admitting the russia investigation was a factor. The man now leading the investigation, Robert Mueller who enjoyed wide bipartisan support then and now. Obviously its a step in the right direction. It takes the politics out of it. Mueller will have all the authoriti authorities. He will have the credibility of bob mueller, the former director of the fbi. President trump previously called the russia investigation a total hoax and a taxpayer funded trade, and he said there was no collusion between campaign and any foreign even tau tea. Robert mueller worked as a litigator out of law school here until 1976, and then he was in various u. S. Attorney offices. He left the bay area in 1982 and then came back in 1998 as the u. S. Attorney for the Northern District of califor
Temperatures are chilly this morning from low 40s to low 50s, and stay to low 50s at the coast, and then 4 00, above average and a comfortable evening, 55 at the coast and low to mid70s for the rest of us. Would like to find comfort on the roads. Is that possible this morning, alexis . It has not been too bad, mike. I will take you to our only significant issue right now. Okay. I was going to have you take away and do that report for me mike, but i will take it for here. Southbound 680 just past sunol boulevard, somebody hit a large piece of debris and did a lot of damage and they are off on the shoulder now, and we could have debris scattered across the roadway. We have a couple miles of backup there. Definitely expect at least a fiveminute delay if you are traveling on 680 through the sunol area. A quick check of the bay bridge toll plaza, metering lights on this morning at 5 27, and thats better than the last couple mornings. It took a little while to fill in but it has at this poin