Negotiations was a generous offer. On the other hand, in these times of challenges, the refugees or terrorism, europe and only be strong in every country has results ability. Stephanie european leaders have to decide. Those negotiations over Irans Nuclear program have been extended yet again. John kerry and his iranian counterpart held talks in vienna until early today. The u. S. And other powers want to stop iran from Building Nuclear weapons. In return, they will use economic sanctions. Matt samsung came up short in the Second Quarter. Earnings were made estimate. A big reason was lackluster sales of the new phones. We have more from hong kong. All the hype of the s6 failed to meet market expectations. It wasnt so much demand, but a supply issue with the edge model and the oneofakind curved screen. Constraints lead to shortages. Sales dropped nearly 9 from a year ago. Profit was down 4 . Samsung still struggling to win back customers who switched from the iphone 6. They are losing to
Three indices. The dow, as i mentioned, above the 22,000 mark, higher by 53 points s p up by a quarter of a percent. Financials, the leading sector of the day no surprise given the steepening were seeing of the yield curve and the nasdaq continues its leadership, higher by nine points where do we stand here how do you interpret the jobs report and mix this all together as we enter the final four months of the year i hope its say when im saying im not putting too much importance on todays job report cut his mike. Cut his micro. Steve, get out of here the hook comes outside. Look, we know theres a seasonal issue in august. Look, it was a tepid report. You didnt have the wage growth that you wanted to see but you didnt have sympathetic awful like a decline in jobs or a decline in wage growth you did see the workweek go down i dont like that. Look, put this all together, it puts winds in the sail that maybe you dont actually get that one federate hike this year steve, you can take it from
Ahead. Well tell you how to cash in. And alibaba is surging as amazon stalls out but we want to know which is the better buy the action begins right now. Lets get right to it car stocks have been on fire ford, general motors, both up 5 avis is up 15 while hertz is up 22 . Is is it too far, too fast mike yeah, i think it is a little bit. Im not sure, maybe some optimism coming from the fact that theres going to be some car purchases related to what obviously the disaster going on in houston but the fact of the matter is that the secular head winds for the rental Car Companies and major auto manufacturers remains in tact. Even know with the stocks having done well this week, multiples tell you this. You wouldnt see them trading at sempb, eight, nine times earnings i think they believe well maybe hit pique. I typically agree with mike and carter theyre smarter than i am. Look at ford over the last three and a half, four years series of lower low, lower highs on a Broader Market tape thats
Cheese burger in paradise heaven on earth ho hum another month, another new high for your money. The slow meltup marching on. The nasdaq looking at that hitting a new high. The oil and Energy Stocks all the Big Eight Oil names, exxons, chef rons are higher. On the other side of the trade, yeah some of the real estate stocks are lagging, but overrule a good day. What individual names are making investors money today . The casino stocks. Look at that. Las vegas sands are up big on some big numbers from chinas ma cow. Bikky . Good afternoon im becky quick. Here is what else is happening at this hour. A government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. That is far more than the amount mylan agreed to pay the settle overcharging allegations. Construction spending posting its biggest drop in a year in april. A sharp upward division pointing to underlying string. Illinois Credit Rating getting closer to junk. Its debt downgraded after lawmakers failed to app
Well hear from him later this hour. First we start with a crude crush. Oil down, having its worst day in more than a year. Sinking to its lowest level. It came in quadruple of in what it expected. The dow s p and russell all ending the day lower with tonight nasdaq closing slightly higher. Is the crude decline the first real crack in the trump trade . What do you say . No. The crude crack trump trade bond bash, we love alliteration today. The crude crash, for two months weve been at record longs. You have a lot of reasons why guy should be skittish. Nigeria is coming back online much more than expected. Iraq will be 5 Million Barrels by the second half of the year. And we have the number for oil. I would not be spritssed to see oil pack at least half these losses tomorrow. This is not the time to jump out the window. There are a lot of comments. Why today . We have other two months of inventory built. We know we have the record longs. It was the Saudi Oil Minister who came out and said