10year note yield around 1. 6 and crude oil the story as oil prices down, as you see it right there. Maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. A look, though, at wti. Lets get to our road map this morning. On this late august monday. Mylan, the controversy continues. The Company Announcing a generic version of its epi pen. It is going to be enough to satisfy critics and congress . The herbalife Hedge Fund Drama man here we are, year three, four, five, ackman, icahn, going yet another round. On this battleground stock. Well have news from williams by the way responding to activist pressure and the proxy fight that is looming for the company. It nominates three new independent directors to its board. I will give you updates there in terms of what we can expect on that front. First, though, lets get to the broader markets. Economic data to consider this week includes fridays key job reports especially after yellens marks at j
Its a take over tuesday. Weve got a lot of deals to tell you about, and were going to break them all down for you. Finally this morning, apples big event is tomorrow. Were looking ahead to what infectors should expect, but stocks are set to open higher after the u. S. Added 151,000 jobs in august, investors still aer watching the fed, in anticipation of the september meeting and donald trump speaking out on rates in ohio yesterday and sounding quite different from an interview he did on squawk box back in may. Heres those comments what he said a couple months ago. Ive always been a lowInterest Rate person. If inflation comes in and we dont see any signs of that, but inflation starts coming in, thats a different story, then you have to go up and slow things down. But right now, im if for low Interest Rates and i think we keep them low and we have to compete. Theyre keeping the rates artificially low so the economy doesnt go down so obama can say he did a good job. We have a false econom
Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
Bounds on bit of a the back of his vanishing suspects. Guy willoughby this year, next year . Netflix is in focus. Walmart as well. One way that. En a bet. Expectations are so high. This is a chart going in one direction. We are not talking about pop stars, we are talking about netflix. We will get volatility. You will get some messes misses. Anna i am interested whether this will weigh on other big online retailers. Any company that stores your details are a comes up against this. Julie a busy day in the United States. When all was said and done, stocks have fallen for the second straight session. The form came early in of retail sales in the United States, coming him and coming in lower than estimated. Wholesale inflation also lower. That set things up with a negative tone. Around midmorning we got the , a meetingom walmart they were holding for investors, the company saying that there earnings per share will fall by 6 12 . This was unexpected by investors. The shares fell sharply, en
Here at the New York Stock Exchange. We will discuss whether the oip ipo market has gone flat. Netflix getting crushed after disappointing earnings last night. The shares are down nearly 8 on the session today. Someone who says the valuation still ridiculously high and he will tell us why coming snup lots of volatility on that one lately. A Sports Equipment Company Investing in new technology that it says could change the landscape for concussion injuries that we have all been focusing on so much recently. We have the ceo of this company, performance sports group, to explain the technology and the potential in the Business World coming up. Then after the bell, barney frank and larry kudlow together and both here at the New York Stock Exchange to discuss whether democrats are becoming too much of an lets start with first datas first day of trade. Bob pisani standing by. The payment processors post right behind us, not doing is well today, bob. The good news is it got done and they i had