The biggest drop in 11 months ahead of cpi tomorrow. Our retail map with slipping all out with earnings, most of them down in the premarket. Plus detail from facebook to take on tv with original video content. This is a day after disney added fuel to the content battle as it partially splits over time from netflix. And day of ipo report cards blue apron is dropping in the premarket. Busy day for retail earnings this morning we heard from macys and kohls. They both beat the street. Dillards reported. That stock down after it missed estimates and same store sales fell by 1 well hear from nordstrom today. Theyve sort of been all over the place. Up and down. People are being stupid theyre being stupid kohls is a good quarter the concern is the 5. 5 yield. Not a problem. Macys, really, really good. Why . Because they reaffirm. This is a company that has not reaffirmed in ages i think thatthe new management there is energized theyre spending on the stores to make them look better cash flow s
And began running over pedestrians. That happened hours after 14 people were killed when a van ran them down in barcelona. At least 100 people were injured. Three suspects have been arrested and one is still being sought. Isis claimed responsibility. A Top Senate Republican said the president has not demonstrated the character to serve job. Bob corker told reporters there must be radical change of the white house did he said the president hasnt shown the stability or competence needed to be successful. He is chairman of the Foreign Relations committee. The white house says gary cohn will stay put as director of economic council. He is upset after remarks on charlottesville. He is not quitting. The president said he is one of the top contenders to be the next fed chairman and fed chairman. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. I am emma chandra. David thanks very much. The attacks in spain come agains
Janet yellen and 3 00, mario draghi will be addressing the group out it jackson hole. As we look forward to those meetings today, the question for the fed is where inflation has gone if it should affect their decision on raising rates. Weve heard different opinions. When i think about inflation, i think about our mandate, which is price stability. The economy is adding. I think we are in a pretty good place. We have Monetary Policy. That tells me we should gradually remove accommodations. As the outlook supports that we are moving in the right. Irection, i think we are isto high inflation dangerous, but too low is dangerous. By mike mckee. Matt. G us is iwe have these two different versions. Is this one of the dominant topics out there . Whetherople are talking the fed owls are broken. There is not a lot of the daylight. She has long been a hawk and wanted to raise Interest Rates. In her interview with me yesterday, she talked about the fact she doesnt understand why inflation hasnt be
That old paradigm of political gridlock coupled with slow growth and, most importantly, cynicism. Cynicism, which also combined to produce hohum parks like today. Dow spliping seven points. S p inched up 0. 19 . Nasdaq advanced 0. 48 even after days of declines concluding with yesterdays crescendo of selling. Worst day of 2017. Now, look, ive been adamant, and you know that if youve watched this show, that this rally hasnt just been about the power of donald j. Trump to effect change in washington. I think the optimism that the president s created in the Business World through his endless projobs, antiregulation drum beat and rhetoric has been far more important for stocks than anything related to actual legislation in congress. Yep, the positive implications of deregulation coupled with better than expected profits have been the real impetus for the run. All that said, i totally recognize that my view is distinctly in the minority. So lets go over the majority thats in control right n
The decision marks a longterm fix to overcome the discovery of high lead levels in the citys water system. Under that deal, flint would be responsible for replacing lead and galvanized steel lines that bring water into homes. The cost could be as high as 97 billion with federal and state governments roughly splitting the bill. The British Government is standing by its initial statement that now is not the time for a scottish referendum. The may administration repeated they will be no negotiations on the matter and the focus now is on brexit talks with the European Union. Scottish lawmakers voted today on a new referendum on independence to be held within the next two years. The Scottish Parliament voted 6950 92 back the first 6959 two back the call to back to the call. This is bloomberg. Minutes from the close of trading in the u. S. Scarlet stocks are as financial shares rebound. Joe but the question is whatd you miss . Scarlet the sector would have the most to lose as the white house