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tv   Worldwide Exchange  CNBC  April 27, 2022 5:00am-6:00am EDT

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and he's're your "five@5." is youtube beating alphabet. according to a tv big revenue miss it's knocked down on the open on the flip side, microsoft, shares are popping, helping the entire market right now. oversea, the energy crisis taking a turn for the worst. russia cuttingoff gas supplies for two countries.
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but in markets, it's not all bad. your morning rbi is laying out stocks that are laying out money. it's monday, april 27th. this is "worldwide exchange. well, good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. i'm brian sullivan thanks for joining us on "worldwide exchange. let's get right to it. let's head to tuesday's shah lacking futures. they're showing futures lacking. dow futures down 280, just under 1% nasdaq futures the same. all that after one of the worst days for stocks in a long time but the dow falling within 800 points or 2% that wasn't the story. the nasdaq dropping more than 500 or nearly 4% i'm not sure we've ever said
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that before, but on a tuesday, only two nasdaq 100 stocks rose. yesterday that was it. two. o'reilly automotive, and canes design systems that's it. the dow is more than 10% now off its all-time high, the s&p down 13 the nasdaq and russell 2000 they're on thebear market. trucking rates really beginning to come down in the last couple of week as there is a real worry about demand destruction in the u.s. economy let's also check the bond market the 10-eer yield continues to back up. it's under 2.8% right now. so we're seeing buyers come into bonds that yield at 2.77%. crude oil showing slight gains off the overnight, but it's actually down about a buck a barrel from 24 hours ago it rose on tuesday as russian
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oil flows look increasingly at risk around the world, and though we are off our recent highs, crude oil is now on pace for five straight months of gains. we're at 102 and change here, 105 overseas in crypto, we're seeing crypto at a six-week low. it's back below 39,000 it shows higher there, but, of course, it never really closes i'm not sure what it's off of. i can kind of give you the price. it's 38,000 and change all the major averages are lower than they were two single stocks get a lot of attention today. that's microsoft and alphabet. first up, google's alphabet. the youtube ad business hitting business estimate, down 2.5%, likely because the board also approved a $70 billion stock buyback. painting a different picture is microsoft. that was a top and bottom line
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beat they put up an upbeat third quarter forecast microsoft shares are up nicely, almost as much as 5% you can see that all morning and all day right here on cnbc. emily tan is in hong kong with the overnight trade and julianna tatelbaum in london let's start with you it shocked investors, but the markets, they held up okay. >> oh, we had the markets, brian, in asia ending mostly lower on wednesday, investors remaining anxious over the process of the rate hikes t the ukraine war and economic slowdown and covid in china. japanese markets closed at a two-week low, down 2.1%.
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f fanuk down say pore yeo and kirin with losses the stocks closed down more than 1% sk hynix fell. australian shares getting dragged down by tech as well as banking stocks that's after inflation data stoking concerns of a rate hike. core cpi surging to 2.7% outperforming were the chinese markets. coming off a two-year low, hopes that the country would prioritize its economic growth and fine-tune its draconian covid policies the fight at the current stage is to eliminate outbreaks rather than the virus the composite at 2.5%. losses in alibaba and tencent
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outsiding those of meituan gains. that's a look at the markets i'm emily tan. back to you. >> thank you very much. now to europe and julianna at tatelbaum. the prices are holding up despite the russia gas news. >> they are. russia cut off gas supplies to bulgaria and poland. the question now, will more countries be added to the list as for european markets, they've been very resilient to confirmation of the news it's a big story nevertheless. it seems like european markets are tracking the futures they are moving higher this morning. the overall market is up 0.4%. turning to the different regions, it's green across the boards fairly broad-based rebounds taking shape here. no major mooves. it's worth noting opening in the
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red. positive momentum came through perhaps a little bit of that positive momentum coming from the china session as emily pointed out. in the banking sector, we're up by 0.6% there. the outperformers perhaps linked to the china story given how important the china market is to these sectors with the central bank and authorities in china pledging support to help the economy. on the downside we've got real estate, media, and telecoms underperforming. overall it's a solid session shaping up this morning. >> julianna tatelbaum. thank you very much. the founder of news street adviser's group and a strategist at miller dayback. matt, you've been warning about a supply and support holding at 3800 if we broke through the
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lows obviously futures, they are higher right now, but what do you think was the catalyst for yesterday? i don't want to be backward looking, but that was a flush. i mean that was two stocks in the nasdaq 100 two. >> on a short-term basis, that's a positive sign. earlier -- sorry, last friday we had a huge jump in buy-in. it was not bad however, people are talking about a repricing of risk or revaluations i'm not sure why this is a surprise to them i mean i've been saying this since the beginning of the year. we have the federal reserve going from a massive, massive liquidity to a situation where they're not only not providing it anymore, but they're
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tightening, so we have to have this kind of revaluation and so i think we're going to have to see more downside. you know, this pop we're seeing this morning could last for several days, but we've got the fed meeting next week. i think that 3800 level i've been talking about is something we can definitely reach. >> delano, i've got to imagine you're taking nervous calls from your clients, like, hey, i lost money if i bought last year, do i sell now, ride this out? it's a nervous time. the vix is up. stocks are getting hammered. what are you advising your clients and our viewers to do right now? >> good morning, brian good morning, matt we're looking at several things. it brings nervous times for people, but a couple of things i look at, which a lot of the young investors are my clients, we focus on long-term perspective.
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76% of the 500 companies are beating earnings there's year over year growth according to bloomberg it is a sometime for people to be careful in a situation where you look at how much cash do you want to have on hand and where do you want to look for opportunities especially when it comes to valuations as matt was talking about. a lot of growth and tech companies have rerateward their rates look a lot more attractive than they did a year or two ago. that's where we're looking at, and we're assessing that pretty hard, brian. >> delano, i'm going to come back to you. you said a lot of your clients are in the market. if they've only been in two years, it's been great if you've been in the market two year, you've only known of an up
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market, minus a percent or two long-term investors know these things can be happening and they're painful on the way down certainly, but they've happened before what kind of questions are you getting from your clients? what are they worried about? >> i think the main thing people kind of assess is, you know, how long are we going to see this. and the big thing is obviously no one can tell. no one has a crystal ball, but i have to say there are a lot of people, a lot of clients, people are resilient. they haven't seen anything like this as you mentioned in this one- or two-year time frame, but they do have a little more optimism as opposed to pessimism when it comes to that. they do wonder how long some of these things, especially geopolitical risks, inflation, we have the inflation report coming on friday, we're looking at if there's any peak people are wondering where cash
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can be held that's a better fit for them, and that's the big question you're seeing from people. >> well, matt, answer the question delano's getting because he's talked about how long, right? we know the financial crisis, the market from peak-to-trough, july 2007 to, i think, january, 2009, 18 months, the tech crash was over two years this. is largely the fed really reserve's doing. i'm not sure anyone has confidence they can get us out of it unless they flip their script completely. how long do you think this could last >> i certainly think it could last through the year. the thing is nothing moves in a straight line. i think delano makes some very good points. you don't want to panic with the situation. the bear market, steep corrections, bear markets, they're normal as you just said, yes, they're very painful, but step back and maybe raise a little cash on bounces. i've been saying since the beginning of the year we should raise some cash so you kind of
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get that flush i do think we will get that because there's still so much leverage in the marketplace. as we deleverage at some point, we're going to get that kind of flush. maybe it won't happen in september or october, the time frame we frequently get it those who have cash on hand will be able to take advantage of it. they'll be the ones who don't panic. they'll be keeping their heads while others are losing theirs those who are selling it will be selling it at the absolute worst time i agree with delano. folks, stay calm i think we're going to have to spend the rest of the year kind of doing this, but if you play it out in a smart way -- smart strategy, you can come out on the other side very, very strongly >> well, guys, listen, we appreciate your steady hands i think we're going to have to get some coffee mugs, stay calm and invest on. we'll send them both to you guys you're supposed to buy low, sell
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high delano, matt, it's been a pleasure thank you. have a great day. >> thanks. >> you too. this morning, other big headlines and tough times to be a robinhood employee they're laying off 9% of their staff. it's in an attempt to reduce the number of duplicate jobs as robinhood stocks collapse. tesla sheds more than $125 billion in investor value. tesla shares are up a couple of ticks right now. and pfizer and biontech formerly asking the fda to authorize a third dose of vaccine for kids 5 to 11 years old, the pair submitting for an emergency use for authorization for the booster after a study showdown a strong response for healthy kids in that age group, all that as some countries start to end their vaccination programs. >> and finally, enphase energy
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shares jump on quarter one results. just up over 7%. all right, folks we're glad you're up with us weir just getting started. when we come back, china's zero covid policy, a humanitarian and economic story now hitting one of the most important global business sectors. our one big player speaking out. plus, the global energy crisis hitting a new pitch as russia begins weaponizing natural gas. later, massive breakup fee elon musk will owe twitter if financing is not secured. a very busy hour still ahead. futures higher and we're back after this. (vo) verizon is going ultra! with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six premium entertainment subscriptions, included!
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wednesday morning. some of the faang stocks here and where they stand for the most recent highs. meta facebook down 23% amazon down 23%. apple holding up better than most at 14 alphabet is down 22. but netflix is down 72% from its high it's wiped out three-quarters of
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its investor value this is netflix's third time it's lost 70% of its value since it began as a public company something to kind of tuck in the back of your big brain there in the premarket right now, we're seeing some of these stocks turn around, kind of mixed. we're seeing amazon, netflix and meta, mixed. stock number one,texas instrument shares are falling on a cautious outlook not over sales but on the impact of ongoing lockdowns in china and on the kurngt quarter, the stock lower. stock two, visa, shares rising second quarter results topping expectations good news, visa giving an upbeat view on the spending landscape saying the inflation and russia's war are not dampening spending, at least not yet chipotle is climbing as it
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navigates higher prices. chipotle saying for now customers are willing to pay more for its food to help offset labor and input costs. >> still on deck, stock futures, they're bouncing back. they're higher across the board. coming up, we're going to discuss the major impact takedown and russia cutting off ers loto go european nations the'a t et to on this tuesday, and we're back in two minutes. is it some magical number? something we just achieve at the end?
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it was not just tech stock consumer discretionary spending also getting walloped. down more than 20% from its most recent high, so technically you would say in a bear market a lot of concerns about construction and the consumer spending swoon some of the biggest droppers in the space, you've got names like penn national gaming, wynn resorts, under armour, and etsy. they're down now, but they were big on the most recent highs a lot of concerns about travel and spending coming up in the second half. right now everyone is enjoying it what happens late oren in the year is the big worry. all right, there's a huge piece of news getting lost in all the stockmarket headlines, one that may be contributing to the recent volatility, and that is that russia has cut off
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natural gas supplies to poland and bulgaria they did that yesterday. they say unfriendly nations pay for russian gas in rubles. they won't do it they say gas will be halted until those payments are machltd bulgaria says it's already fulfilled its obligation under a contract with gazprom. poland said it will not extend its contract with gazprom when it expires at the end of the year they say their gas storage is 76% full and doesn't need to draw on reserves poland has been smart, building up supplies, being the biggest buyer of american liquid gas bulgaria is a different bit of a story. they have few immediate options to replace it. pray for good weather there. russia jacking up gas costs once again. stock futures in europe is going
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to keep economic pressure certainly on the entire continent and continue to their growing energy crisis. gas futures at 106 euros per mega watt dollars. you compare that to u.s. prices. that 106 is about $39 to 40 dollars for mbtus. we quote it at 6 bucks and change they're paying just under 40 on the spot market. let's talk about the implications of this joining us now is a commodity market analyst with rye start energy welcome. poland has been smart. they've been planning this for a while. they're ending their contract early. bulgaria, a different story. do you think this russia strategy will then -- poland and bulgaria are one thing germany, france, spain, they're a different story. do you think russia will extend
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this to other nations? >> i think this is the first shot from russia back at the west of course, starting from poland and bulgaria poland has 75% they have twice as high the level at this time of the year and has energy imports they've been running -- and they also have two pipelines coming up from lone place in may and another in october but germany and italy, they rely highly on russian gas and those companies -- actually germany -- have not really much option to go with other source of supply so it comes to paying in rubles,
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it's really -- negotiating with gazprom. they usually come at different times, and also the requirements that gazprom with russia, that is -- you open a separate account at gazprom bank. in practice, it's doable. >> i just wonder, though, how long these prices, like i said, they're paying 106 per euro mega watt that's the unit, mbtu, that we show our unit in natural gas they're paying effectively six to seven times what we're paying here on the spot market. how long is that sustainable before there is severe eek nom eck and demand destruction
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>> yes yes. the price today is tradedet $40 per mbtu but if we look back in march, early march when the war started, the price at the time was about $100 per mbtu. so the fear was much higher back then than now, but still concerns are rising, escalating today with the cuts. we think it's not going away any time soon. more the concern is still there. >> not going away any time soon despite a new pipeline from lithuania to poland. xi nan, thank you. i want you to think about that it's six to seven times what we are paying for here.
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that's trickling through electricity prices, natural gas, fertilizers. they're going to stay high for a long time. europe is facing a really tough go. still on deck here, wengs, markets looking to chip away at tuesday's deep drop, but some stocks bucking the selling trend. that's right there are names that have done well it's not all doom and gloom out there. your morning rbi, we'll show you some under-the-radar stocks that are actually doing greatly a little sunshine in your coffee we're back right after this. what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world.
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stocks trying to make a comeback stock futures higher, coming off one of the worst days of the year can earnings and buybacks turn it around. microsoft popping as investors love their numbers intel on tap this week google coming in hot with a $70 billion buyback. it's not all bad out there your morning rbi finding some stocks have been making investors a lot of money lately, names you may not have heard about, but you will on this wednesday, april 27th. this is "worldwide exchange. ♪
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all right. welcome or welcome back and good wednesday morning, everybody i'm brian sullivan let's get right to it and hit the markets after tuesday's shellacking after stocks got hammered across the board. ride now things are looking a little better. at one point when markets closed, nasdaq futures fell 700 points maybe one big trade or one bad trade. it looked ugly at the time it's looking a lot better now. not looking great, but future -- we'll be generous. call it 1% gains across the board. dow futures up 350 nasdaq up 126. all that coming off one of the worst days of the year for stocks nasdaq fell more than 500 points or nearly 4% so the kind of gains we get, futures stick around, we're not going to gain back half of what we lost yesterday. still we're in the green how baz it was for market
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internals on tuesday only two nasdaq 100 stocks rose, two. o'reilly automotive and cain's design systems if you own those or workform, pat yourself on the back you're only one higher as stocks continue to fall, bonds are starting to get bought, and with borrowing costs coming down a touch, we see bond yields back below 2.8% ten-year at 2.77 today is looking better, but if you happened to miss much of yesterday, it's ugly wouldn't blame you if you did. let's dig in on how bad it was some of the hard-hit nameless stocks, tesla, wiping out $125 billion in market value. as we have said on this show and traders tell me, tesla's not important to the stockmarket in some ways is the stockmarket because of the amount of futures and derivative contracts based on its stock also tumbling yesterday, ge
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losing 10% warner brothers, discovery, they're down 8%. also the goat stocks let out the slaughter. remember the goat are sort of tongue-in-cheekily named get out and travel names travel demand right now is sky-high, but with inflation and soaring prices, the market clearly concerned that a slowdown could be coming and look at what happened on tuesday. jetblue lost 10% carnival and norwegian cruises off 6%, and wynn, down 5%. travel stocks took a hit as well. but as we have said before, yesterday's shellacking and premarket action is all on tech with the nasdaq coming off its worst single-day sessions since september with a nearly 4% loss, but every day on wall street is a new day. let's take a look at some of the biggest stocks in the index and the market as a whole. you've got meta, facebook, whatever you want to call it
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these are down from their highs 14rks%, 26%, netflix down 72% from its most recent highs so those are -- those are not right now -- i know it's a little confusing those are down from their all-time highs well, speaking of google, those losses likely to accelerate a little bit this morning after reporting weaker than expected earnings and sales for the first quarter. the biggest weak spot youtube reporting a huge miss as its digital ad market gets hit hard. think about that netflix, youtube, what's going on the kids not watching any kind of tv, i guess the spike for google, a $70 billion stock buyback. that's likely mitigating some of those declines on the flip side, microsoft, a bright spot this morning, beating estimates across the board. current quarter forecasts coming in strong. that stock up 5% right now
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joining us now is jaymmes. good to have you on. it's the first time in a along time that apple, google, microsoft, intel all reported in the same week. it's early yet i know it feels like friday already, doesn't it? what's your takeway of microsoft and alphabet >> listening to that now, it felt like a roller coaster first of all investors need to take a breather. is nasdaq worse than it was the day before it's not about the fed rate hikes, 40 bip, 50 bips it's something where the investors didn't know. it's a high degree of confidence where it would land. it was bullish during covid.
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what does it look like as we comp it going forward. you can extrapolate the same with gdp obviously there has to be a slowdown subsequent to that. so i think with the demand pulled forward when investors need to ascertain right now is which of these companies will revert back to the growth curves that we had prior to covid and which ones will not. and i think you can make the argument with all of these big tech companies that i they're likely to revert with the exception of probably facebook back to the way things were. the world after covid moved in microsoft's favor. and you're seeing where the growth rates have actually landed higher than where they were precovid. google -- >> why what -- james, what did soft do?
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they bought linkedin a few years ago. what has microsoft done that has been so good i mean i use excel and outlook that's kind of it. where are they winning >> that's a great question what they did is the common theme for the companies that will define the future what they did for microsoft is it made a cloud-first company. everything that they do has moved to a subscription and sass-based model cloud-based services obviously are cloud-based. and every product and service is built on the cloud and leverageable and scaleable in a incredibly efficient way going forward. and the tools they supply help run their businesses better especially as we move from a physically bounded to a digitally unbounded world, and microsoft is at the center of
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that google on the flip side has -- is still very much centric to the digital world. you know, there is emerging competition and more services. and people explored those services during covid. i would not say youtube is all that but the subscriptions are growing and the organic content is still very much there google is more status quo. >> james, how important is apple, their earnings and their guidance >> i think it's important. that's going to be a tricky one because you obviously have the china exposure there but that's one where i think the world's also shifted in apple's favor similar to microsoft because now you're increasingly
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dependent. you're working from home, you have less i.t. departments, and you're depending on apple's services for working and you rely more on apple devices for privacy and things of that nature to run your life both professionally and personally. it's going to be a tricky quarter with the china exposure, but i think fundamentally long term this is also number one that will revert back to the original growth curve that we have long term, we still like it. >> all right long term, still like it as you said, a tricky one. that's going to be a big-time number james kakmak, clock-wise thank you. >> thank you. >> there may be an opportunity in these markets the stocks bucking the down trends, in some cases hitting all-time highs we may have new names for you. as we head to break, news
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happening now. elon musk on the hook for $1 billion if twitter falls through. new filing shows he has to pay a $1 billion termination feel or the deal does not happen. could we have a big toy deal shares of mattel surging it's in talks with private equity firms about a possible sale there are two among potential suiters for mattel shares of lucid locking in after a deal with the saudi government for up to 100,000 of its electric cars over the next decade deliveries are set to begin next year "worldwide excng bk a menthae"acin
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for a limited time, get a 5g phone on us! (mom) delightful. (vo) with no trade-in required. (dad) i love it. (vo) what's not to love! verizon is going ultra, so you can get more. the good news, stock futures, they are higher right now. we're seeing gains across the board. nasdaq up 123, dow, 350. the not-so-good news, with tuesday's hammering, many of the lockdown favorites continue to get put down, losing investors a lot of cash. let's kill the music if we can and take a look at some of these moves from all-time highs. thank you. hindu and duo. down dock u sign and paypal has gone
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down hello. keep in mind this is actually the third time netflix stock is down more than 70% as it became public 20 years ago. recovered the other times. what's going to happen this time only time will tell. all right. let's get more key stock headlines hanning now. it's a busy week after all general motors shares are higher they're reaffirming their expectations dropping in the first quarter due to rising costs and supply chain issues. gm's mary barra is joining "squawk box" this morning. futures jumping. shoemaker seeing an increase in domestics. and stock three shares dropping as it warns it expect elevated costs throughout the year as it
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works through supply chain disruptions. they report mixed first quarter results. today's rbi is going all in on the stockmarket because it has been a brutal tape lately. yesterday added to much of that misery with some of the biggest one-day drops we've seen in a while. while it certainly can be painful day to day, remember, jim cramer says there's always a bull market somewhere, and as hard as it is to believe, there are stocks and sectors going up, even making new highs, which is all pretty amazing in this market so instead of piling on with the pain, let's get random but interesting on things that have been working lately. of course, it doesn't mean it's going to keep going up, but at least we can put them on your radar. first up, some of the oil and gas stocks going up yesterday. these may not get as much attention because they're refinery stocks are really outperforming especially tuesday, names like valero and
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mid kaps, pbf and delek. they rose. nair thon and petroleum rpc, which is the company we talked about the other day, also doing well no doubt you've heard a lot about energy this year, but it's not just about those actually there are a good number of those all-time highs include j&j and coca-cola, both helping to keep the dow from sinking more. take a look at cerner and wec energy, wisconsin electric bear markets have been, shall we sea, pretty awful. look at the march returns. roz storrs, up 14% kimberly-clark, everybody needs toilet pape e up 13%
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lam western holdings it's not smith and wes son they're a potato proadviser. you want stalk with that a lot of people do you've got sailpoint holdings, a digital i.d. company auto association ollie's bargain outlet, shares there are up 14% in fact, speaking of ollie's, many discount stores like an all loi's including target, dollar tree, dollar general, they're seeing a lot of buyersle could that be on fear of a slowdown? maybe. the macropoint of this rbi, even with the worst markets, there are things that are working. you've got to know where to look, and we are here to help. take a look at those stocks joochl coming up on "worldwide exchange," stocks looking to work a bounceback including the
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nasdaq following its absolute shellacking. yesterday's invest, we'll be back with big tech names and a reminder of our cnbc pro strategy session on monday we've got four great guests, the heads of the state of hawaii and texas retirement system of teachers that big event, 11:30 a.m. eastern time live from the milken conference in los angeles. you cannot afford to miss it to register go to cnbc.com/pro/talks we e'll see you there, and we'll see you after this short break
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day. at 7:30, we have results and at 10:00 a.m., march pending home sales. indonesia begins their export ban on palm oil. they're the biggest producer, which, by the way, is the most popular in the world why do you care about palm oil if you eat or like to cook, you probably care about certain oils like a palm oil, so food inflation may just get worse. back now to the market it's a possible wednesday whiplash stock futures, good news they're in the green, pointing to a higher open after tuesday's big selloff. joining us to talk about it and try to make sense of it all, lindsey bell, an analyst and cnbc contributor i'm not saying it felt like a flush or washout, but it certainly was not good how do you read the current state of the markets
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>> yeah. the market has been quite volatile over the last several sessions i it's been pretty uncomfortable the s&p held an important technical level, which was 40670. 4100 is ta strong level of support. what we have seen is the markets are able to hold this level. as long as we're in that 4170 to 4200 range, i think we're range-bound to seeing an upside. i think the market participants are really grappling with where markets go next. is the fed slowing or growing or will it be able to maneuver a soft landing or not? what's happening with the war in ukraine? what's happening with the u.s. dollar strengthening there's a lot of investors minds and it's hard to tell where we go from here what i will say is earnings season has been very good so far, although, there's been a
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lot of volatility and whiplashing in the earnings season so far. >> and you probably urge your clients. i would urge our viewers to sit back, take a deep breath and look at how much money they've made in the last number of years. here's what i wonder the federal government and u.s. government have been throwing money at the american economy and consumer for a couple of years. that contributed largely to the gains and stocks, probably almost the entire reason for the inflation if not most of it. they're pulling it away now, so do we fall as much as we gained because of them? >> you know, it's a great question, brian. you've seen a round trip a lot of those stocks, they had a major benefit from the pandemic and the work-from-home
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situation and now they're back to prepandemic levels, which to me doesn't necessarily make sense. i understand a lot of demand may have been pulled forward, but growth isn't slowing as much as people expected or anticipate. still, we're becoming more of a digital society. technology is becoming a bigger part of our lives. we're going to learn more about it as the company reports earnings is still intact i think when you look at the consumer, they're still very, very healthy from a financial perspective and you look at information from the beige book and leading economic indicator index. these are series that are telling us the consumer and economy is on solid footing and can't continue to grow despite the inflation and uncertainty. even though the fed is going to move quickly, you have to remember the 2% rate on the fed funds rate is normal
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>> you wonder if the fed is going to have to pull back with what's happening with the markets and the consumer down the road, lindsey. that's the question. we don't know. >> yeah, and the question is, is the market trying to manipulate the fed, right because obvious will i the market is pricing? big moves. but is the fed going to be able to do it if not, the tone turns dub bush. >> you're suggesting the bond market might try to bully the federal reserve. come on, lindsey, he says, with just a slight bit of snark lindsey bell, ally invest. thank you very much. what did james carville say? when i die, i want to come back as the bond market i dnld do the louisiana accent well i'm off. be back friday "squawk" boxx ckpiing up the coverage next. stay with us we're back right after this
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good morning stocks trying to make a starngsd coming back from yesterday's selloff. we'll get you up to speed on the big market catalysts and the moves you maybe should consider making a move right now. big tech companies reporting. microsoft is jumping, but it sold off yesterday google shares are falling after youtube and others fell short. the u.n. energy crisis growing worse. russia halting gas supplies to two countries. it's wednesday, april 27th, 2022 "squawk box" begins right now. ♪

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