{"id":73139,"date":"2024-01-02T09:01:45","date_gmt":"2024-01-02T14:01:45","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73139"},"modified":"2024-01-02T09:02:31","modified_gmt":"2024-01-02T14:02:31","slug":"coffee-with-greta-new-year","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/02\/coffee-with-greta-new-year\/","title":{"rendered":"Coffee With Greta: New Year"},"content":{"rendered":"

Set a reminder<\/a><\/strong> for today's New Year market discussion with David Prince LIVE at 12:00 pm ET!<\/p>\n

DJIA Futures: <\/b>-242 (-0.6%)<\/span><\/p>\n

SPX Futures: <\/b>-40 (-0.8%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-183 (-1.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are dropping as the new year of trade begins on Wall Street.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Stocks Drop, Yields Climb<\/span><\/h2>\n

The major indexes are all falling ahead of the open as yields rise to kick off the New Year.\u00a0<\/span><\/p>\n

The 10-year Treasury yield is up 9 basis points at 3.97% while the 2-year yield is 10 basis points higher at 4.36%.<\/span><\/p>\n

The market is widely expecting the Fed to approve its first rate cut at the second meeting of the year, with over 69% of traders anticipating a cut on March 20.\u00a0<\/span><\/p>\n

This will be an important week of data for that outlook on the Fed\u2019s plans.\u00a0<\/span><\/p>\n

The Labor Department reports job openings for November on Wednesday, ADP releases its private employment report for December on Thursday, and the official December jobs report will be out Friday morning.\u00a0<\/span><\/p>\n

Apple Drops After Barclays Downgrade<\/span><\/h2>\n

Apple <\/b>(AAPL) shares are falling 2.3% in premarket trade after Barclays downgraded the stock to underweight.\u00a0<\/span><\/p>\n

The group trimmed its price target to $160 from $161 due to \u201clackluster\u201d sales of the iPhone 15, specifically in China.\u00a0\u00a0<\/span><\/p>\n

In a note, Barclays analyst Tim Long wrote, \u201cWe are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables.\u201d<\/span><\/p>\n

Long said he expects that weakness in hardware sales to continue.<\/span><\/p>\n

Tesla Tops Q4 Delivery Estimates<\/span><\/h2>\n

Tesla <\/b>(TSLA) shares are up 0.9% ahead of the open after reporting stronger-than-expected deliveries in Q4.\u00a0<\/span><\/p>\n

The electric automaker says it delivered 484,507 vehicles in the final three months of 2023 and produced 494,989.\u00a0<\/span><\/p>\n

That topped analysts\u2019 estimates for 477,000 Q4 deliveries.\u00a0<\/span><\/p>\n

461,538 of the vehicles delivered in the quarter were Model 3 and Model Y cars.\u00a0<\/span><\/p>\n

The number brings Tesla\u2019s total deliveries for the year to 1,808,581 while production totaled 1,845,985.\u00a0<\/span><\/p>\n

That was better than the company\u2019s own forecast for 1.8 million in deliveries and represents 38% year over year growth in deliveries and 35% production growth.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Set a reminder for today’s New Year market discussion with David Prince LIVE at 12:00 pm ET! DJIA Futures: -242 (-0.6%) SPX Futures: -40 (-0.8%) NASDAQ Futures: -183 (-1.1%) Good morning friends! Futures are dropping as the new year of trade begins on Wall Street. Let\u2019s get right to it! Stocks Drop, Yields Climb The major indexes are all falling ahead of the open as yields rise to kick off the New Year.\u00a0 The 10-year Treasury yield is up 9 basis points at 3.97% while the 2-year yield is 10 basis points higher at 4.36%. The market is widely expecting the Fed to approve its first rate cut at the second meeting of the year, with over 69% of traders anticipating a cut on March 20.\u00a0 This will be an important week of data for that outlook on the Fed\u2019s plans.\u00a0 The Labor Department reports job openings for November on Wednesday, ADP releases its private employment report for December on Thursday, and the official December jobs report will be out Friday morning.\u00a0 Apple Drops After Barclays Downgrade Apple (AAPL) shares are falling 2.3% in premarket trade after Barclays downgraded the stock to underweight.\u00a0 The group trimmed its price target to $160 from $161 due to \u201clackluster\u201d sales of the iPhone 15, specifically in China.\u00a0\u00a0 In a note, Barclays analyst Tim Long wrote, \u201cWe are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables.\u201d Long said he expects that weakness in hardware sales to continue. Tesla Tops Q4 Delivery Estimates Tesla (TSLA) shares are up 0.9% ahead of the open after reporting stronger-than-expected deliveries in Q4.\u00a0 The electric automaker says it delivered 484,507 vehicles in the final three months of 2023 and produced 494,989.\u00a0 That topped analysts\u2019 estimates for 477,000 Q4 deliveries.\u00a0 461,538 of the vehicles delivered in the quarter were Model 3 and Model Y cars.\u00a0 The number brings Tesla\u2019s total deliveries for the year to 1,808,581 while production totaled 1,845,985.\u00a0 That was better than the company\u2019s own forecast for 1.8 million in deliveries and represents 38% year over year growth in deliveries and 35% production growth.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73139"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73139\/revisions"}],"predecessor-version":[{"id":73147,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73139\/revisions\/73147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73141"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}