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Would be interested in hiking 127. 19. Ut nevertheless, vonnie we are seeing the rally moderating, but we continue to grind up in u. S. Equities and global equities. China mentioning stimulus measures overnight, and that had companies metals rallying today. We are still up about 1 4 of 1 . A couple of stocks to mention, beyond meat down 20 today. Not exactly the worst day for beyond meat, the underwriter saying on a valuation viewpoint, beyond meat is really full at this point. Sprint down 6 , tmobile down with the state attorneys general filing an antitrust lawsuit against the merger. We will have to see how that plays out. Guy we will certainly see how that one plays out. Basically we are in a situation waiting for the cpi data tomorrow. Will that or will that not confirm whether the fed is going to be delivering a rate a rate cut . The trade tension story certainly there as well. We are trying to figure out what the earnings story is going to look like. My big question, why would yo ....
Thats the point where we see intervention. Some saying that 160 could be the in the sand. Certainly its the question of how meaningful and house of santa, how effective would any sort of Government Intervention be when youve got that ongoing cap between the fed and the boj . What we are seeing here for equities at the start of the day is a little bit of pressure, following what happened on wall street overnight because we had the s p 500 on its longest losing streak in several months. Really big tech bearing the brunt of that. Earnings and focus, given we have a number of big tech names reporting over the coming days. That could leave clues on the health of the u. S. Economy. Also whether we will see any sort of big ai led rally sustaining the momentum. Lets chains on. Take a look at whats happening in korea to start the day here. The korean won firm are here against the greenback. Six tense of 1 . Broadly, equities just ....
Rebounding after a few sessions of losses. Lets get the details from Abigail Doolittle. Abigail bitcoin is one of the bigger stories. It is up 30 , breaking five major levels, climbing above 16,000 briefly. Around 15,000. Pretty extraordinary. The futures for bitcoin will itrt trading on the cme, will be interesting considering it will allow investors to shore bitcoin. It is up more than 45 on the week. Lets take a look at equities. On the nasdaqs 100, russell 2000, the biotech and stocks and chip indices. Biotech, up 1. 6 . We have seen some recent selling for stocks. Today, between bitcoin and some of these other indexes, true growth and momentum. A rebound, suggesting may be the tech selloff we have seen recently was a very shortterm phenomenon. Time will tell. Dig beneath the surface here, take a look at some of the movers we are going to see. Nvidia nicely,tocks up probably being helped by bitcoin, considering some of its ....
Time, unless its their stocks were talking about. Theyre interacting in ways i didnt think possible, going up in tandem. How positive is that every night now, i keep highlighting the bizarrely bullish ways that stocks are trading. Sometimes theyre totally in your face. Like this simultaneous move in the price of oil and Airline Stock which ive never seen in almost 40 years in this business its the type of thing that can really get the markets animal spirits roaring as it did once again today. Dow gained 206 points. S p climbing, and nasdaq falling. 081 . Look at this oddity. Lucrative set of circumstances because i want you in. Not excited because thats not rigorous i want you to understand how rare things are that are happening right now. Airline stocks surged because of terrific numbers out of delta. Many thought delta was doing poorly surging up nearly 5 Airline Stocks gone ....
Positive fair values. Could mark a bit of an Inflection Point here. The u. S. Senate passes a twoyear budget agreement to boost spending and suspend the debt ceiling. The bill now goes to the house. Matt less than a halfhour from the open and we could be less than a halfhour from that vote as well. We are going to keep our eye on what is going on with the big slump in the cash trade yesterday. Looking at futures this morning, we had a very negative picture as the route spread from the u. S. To asia and back to europe. Now, we see some futures contracts turning positive. If you check in everything and see at fair value, you will an indication that we are still going to open lower up not as long as they would have earlier. Markets stopped to look start to look forward, maybe they recover a little bit. A lot of people point to the bond yields have one of the sugars for the selloff that we saw and continue to see. 2. 85 on the 10 ye ....