Centuri Holdings $CTRI opens @nyse at $23.75 after pricing at $21, high end of the $18-$21 range. Another $IPO prices. Rubrik scheduled to come next week. CNBC

Two big IPOs priced today, Ibotta $IBTA and Centuri Holdings $CTRI. IPO market continues to open up, market downdraft be damned, but higher rates are a real headwind. Here's why. NYSE 🏛 cnb.cx/4d5fk8c $IPO

⁦Great to see ⁦ian bremmer⁩ interview Fareed Zakaria⁩ at ⁦Fordham University⁩ for the Museum of American Finance to discuss his new book, Age of Revolutions. Sellout crowd to hear both views on China, US politics,left/right divide. ⁦MoAF⁩

Another IPO set to debut. Data security firm Rubrik $RBRK announces terms for its IPO next Thursday NYSE 🏛, 23.0 m. shares at $28-$31, which would raise $678.5 m. at the midpoint, market cap over $5.18 b. Follows on successful IPOs from $PACS and $ULS last week. $IPO CNBC

Higher for longer rates may mean lower for longer stock multiples, and stock prices. Stock prices depend on the direction of earnings, but prices can go down even if earnings estimates remain unchanged. Higher rates reduce the future value of earnings because higher rates

IPO market continues to open. UL Solutions $ULS begins trading NYSE 🏛 , 33.8 m. shares at $28, upsized from 28 m. shares at $26-$29. This is a big deal, will raise some $946 million. Follows on successful debut of $PACS yesterday, priced $21, closed at $23. $IPO CNBC

Nursing care facilitiy provider PACS Group $PACS IPO debuts @nyse at $23 after pricing 21.4 million shares at $21, an upsized deal. Despite concerns about higher rates, IPO market is opening up. UL Solutions $ULS (Underwriter Laboratories) $IPO also set to trade tomorrow.

2/2 the population of Japan is shrinking so fast, that a Japanese diaper maker said they will stop producing diapers for babies and will instead focus on making diapers for adults. I kid you not. 1 in 10 people in Japan are over 80.
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1/2: Watching big-name celebrities attend the State Dinner for Japan last night reminded me of the recent headlines from that country:

We used to have Goldilocks: strong economy/good earnings/inflation trending down. No more. Now we have sticky inflation. Here's the winners and losers now that the reflation trade is back. Who does well and who struggles. cnb.cx/3PXGDr3 CNBC

“Ambition is the ability to see yourself in the future.” As CNBC Senior Markets Correspondent, I know viewers watch to educate themselves and take steps toward becoming their future selves. Thanks CNBC for featuring me in the #LiveAmbitiously Campaign.
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CPI Hot. S&P futures drop about 50 points (0.95%), 10-yr. bond yields move up 13 bp to 4.47% as March core CPI (ex-food & energy) comes in at 3.8%, hotter than 3.7% expected. CNBC

There are green shoots appearing in the IPO market. Four large IPOs are set to begin trading in the next two weeks. Here are the stocks to watch going public soon. cnb.cx/3TUBbGz $IPO

Gold at new highs! Join us today CNBC's ETF Edge 1:10 PM with gold investing legend George Milling-Stanley, Chief Gold Strategist at SSGA, which runs $GLD. Also Larry Swedroe Director of Research at Buckingham,on his book 'Enrich Your Future'. Todd Rosenbluth too! CNBC

Bond yields rise as March nonfarm payrolls come in higher than expected, 303,000 vs. 200,000 expected, March unemployment 3.9% higher than 3.8% expected. S&P futures still up 15 points but off the highs.

Behind this week’s selloff and what could cause it to turn into a full-blown correction. 10% corrections are more common than you think.
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U.S. Securities and Exchange Commission issues stay on final rules for climate change: 'The Commission has determined to exercise its discretion to stay the Final Rules pending the completion of judicial review of the consolidated Eighth Circuit petitions.' bit.ly/49m6Gz7 CNBC

SEC Chair Gary Gensler signals that disclosure will be a key issue in the year ahead dlvr.it/T4ycC5

The S&P 500 wraps up the quarter with a gain of 10.1% and a phenomenal gain of 25% in the last 5 months. Everyone is ready to call for a pullback, but breadth is expanding and momentum is very powerful. cnb.cx/49hPXwV CNBC

Very kind of ⁦CNBC⁩ to put a full page ad in the ⁦The Wall Street Journal⁩ with me in it. 34 years at CNBC, and still counting. Thanks to the marketing team and everyone at CNBC!