And instead decide to scrutinize and snap up the stocks that have been left behind that defined the action today, a session where the dow inched up to an alltime high. S p 1. 9 the nasdaq climbed also. Lets start with retail. Down and out bricks and mortar merchants were able to score some buyers at last. Why . Because target turned out to be too negative early in the year when it forecasted negative samestore sales today when target announced it had positive samestore sales after all, gave you something to cheer about. Buyers actually circled back to the entire group im going to have more on targets turn later tonight and whether its real or not what really matters is this group has fallen so far behind the market, that people are finally at last willing to consider some buys newthat amazon prime day, the day that will live in brick and mortar infamy, is finally in the Rearview Mirror in a bad market these stocks would never have any takers. Markets led only by a handful of hot guys,
Was here. She has been performing in las vegas. Yes. People are going to see her. Okay. You would be open to a Britney Spears halftime show. Absolutely. I would like to see if she still dances the way she used to. It is a very she is in the best shape of her life. It is a glitzy show. Lets see if she brings that to the biggest stage in the world. Thats it. Im going to vegas. You and me, sal. Lets start with the news of the day as we always do. We will start in the south bay where containment stands at 50 for a brush fire that burned three homes and forced the evacuations of many in the south bay. It started late in the afternoon yesterday in the foothills east of san jose. Rob malcolm is in the neighborhood where residents still have no power. Right, rob. Reporter that is right. Were going to pan from right to left, left to right so you can see the damage in this home. There is still a burned out car inside of the garage. As we pan across the house here, you will see the front of the h
However, there is no guarantee that a simple repeal bill will pass. For now obamacare lives and we have to live with it and we have to pay for it. So now, what about tax cuts . Will a divided g. O. P. Fail on that, too . The president growth agenda is threatened and given the house and senate and the white house to the republicans, what will the voters do in the next election . All good questions with no immediate answers. The with the fail, a low to the u. S. Dollar. And the stocks supported by netflix and a hope for Strong Companies this week. Throughout the health care debate, we said something is better than nothing. Well, this Tuesday Morning, weve got nothing. Varney company is about to begin. You know, why dont we start with netflix . Why not . [laughter] shares will open at an alltime high. Netflix posted blowout numbers, the big deal, the number of new subscribers. All right, ash, how many. Ashley yeah, 5. 2 total million, that is not 5. 2 people. 5. 2 million total subscriber
Inflation market based measures of inflation compensation remain low. This was a unanimous decision not to change Interest Rates, but the key headline is that the fed is going to begin unwinding Balance Sheet, quote, relatively soon. Back to you. Adam, thank you very much. Okay, so if youre just joining us, the fed out with decision on Interest Rates and leaving them as they were, unchanged, but, of course, theyve got a lot of work to do in front of them to work off the 4. 5 trillion Balance Sheet. Joining me with thoughts on all of it as we watch a market higher. 97 points, bgc senior partner steve cortes along with our own nicole petallides. Were waiting on the white house, everyone, theyre going to have a press conference here. Youre looking at the live feet to us, at 2 00, with Sarah Huckabee sanders, dont forget Anthony Scaramucci saying the cameras are back on as long as he has hair and makeup. So well be watching for all of this. Big news day out of the white house as well, with
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke a fourmonth losing streak. Had its best month since april 2016 look at the dollar index, the dollar index saw its worst month since 2016 dollar is stronger against the euro and yen trading at 1. 1813 and the dollar yen at 110. 34 fifth negative month in a row. Lets get you through some big stories. The s p 500 will start excluding companies that have multiple classes of shares. The move bars snap from the index. The Company Offering new investors a class of common stock with no Voting Rights. T