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Over. 1 treasury yields, this morning were taking a look and youll see that its trading at 1. 5 . 1. 543 to be precise the two year a little higher than that in terms of the yield. 1. 518 this is no way to run a business, obviously. Im talking about torte reform and things like that when one judge can say yeah, 17 billion he didnt. No, he didnt but he could have thats what we deal with in todays with trial lawyers. Now to get to a developing story this morning, i got my editorializing out even before. Started at least. Thats what the story was Major Court Ruling this is just one state too this is oklahoma we know about the Opioid Crisis. It was against Johnson Johnson. The judges ordered them to pay 572 million for country bouting to the opioid economic in oklahoma under the public nuisance law theres 50 states by th ....
The rally itself to resuming, but weakening into the final stretch, all following yesterdays steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. We are going to bring in our experts on all of that in just a moment. Let me show you the major outages. We have been green all day but weakening as we enter the final stretch. We are Still Holding on, but the dow is only good for about 15 points. Nasdaq has been the out performer. Cut those gains in half, the mega stocks, many of them bouncing back. Nvidia is still positive moving toward 900 a share. Meta is in the green, as well. Apple, microsoft, alphabet, tesla, are all ready now. How about crowdstrike . Those shares are higher after his own earnings report. A lot coming in after palo alto and that stock went down, not so much for crowd. A lot in todays session, near 11 . That takes us to the talk of the tape, rally and risk, how many ....
equity futures at this hour. and it s been a very strong month for august that s the best august in 36 years. the s&p is up by better than 7% and at a record high dow futures up by 63 points. s&p futures up by 9. the nasdaq up by 43 and then take a look at pressure ri yields this morning. it s around 0.721% it is a trading day to remember. a new look and amgen, sales force and honey well becoming new members of the dow 30. and two other stocks you won t want to watch today and apple and tesla, both companies carrying out stock splits. apple at 4 for 5 tesla up 5 for 1 the stock prices reflect the splits and apple split changes it s way in the dow. as a matter of fact, apple split seemed to be what precipitated this round of changes in the dow, he ten sapple once it spli fun way around that. so we ll have more in the big moves. all right thank you very much. well, all right. stock giving us news. tiktok s china based parent company says a new chinese law makes a sale ....
Post nine. Also joining us this morning on set, s p 500 Global Portfolio manager erin gibbs and Business Insider editor in chief henry blodget. Carl is on his way to pong clanclan pyeongchang. He made it. He did . Yes we have a lot to get to were having another wild session for stocks following yesterdays action you saw the dow end in the red for the third time in four se s sessions were down 430 on the dow. The s p 500 is down over 1 . Volatility continues erin, whats your take here . Is this just going to be something we finally starting to see again in our markets that we had become perhaps unaccustom to yeah. For us, were really looking at this as a full reevaluation whats the shift how are you going to allocate between bonds and equities valuations, we came in really high at the beginning of the year and all of last year every time the markets got pushed up, we kept ....
Points s p sitting at 60 or so points above its low. Were watching a whole bunch of Different Levels today notwithstanding the bottom right hand corner, thats the yield on the tenyear note, 2. 85. Its been higher than that today. That, joe, seems to be the focus of attention that level about a fouryear high as it creeps apparently ever closer to 3 . Yes and i think the market right now has this paradigm shift where we are going from remember the new normal, everyone was talking about the new normal were going back to the normal and i think thats exactly what the markets right now are trying to understand. Were not really going to get any insight on fed chair powells feelings about the market until he goes before guess and the senate i think he does that february 28th and march 1st we need some certainty what is he fighting is he fighting what other fed chairs over the last couple of years have wanted to fight, which is deflation ....