Inventories are on the way. Our road map begins with the election six days away. Polls show pretty much a dead heat. Hundreds of economists including Prize Winners urging voters not to vote for trump in an open letter. Alibaba shares are on the rise this morning, the Worlds Largest retailer showing strength and cloud and in mobile. And big beat for time warner, company also raising full year forecast as it gets ready for that merger with at t. Call is wrapping up and well get you headlines on that. But first up, futures are moving lower a day after the s p extends its losing streak to six. Data from adp shows private sector added 147,000 jobs last month, that is below expectations. Meantime, the feds latest Interest Rate decision and policy statement 2 00 p. M. Eastern time. And of course six days until the election, jim, the past six days on all of the assets i just mentioned, is that all jitters ahead of tuesday . You know what, im going to say it is. I was talking with my friend sar
Antitrust violations without getting into specific, and Washington Post ran an article saying trump posed as a publicist to generate stories, a claim trump denies. Bezos would offer trump a ride to space. Would he field any questions at the meeting about trump . Well wait for that. The brawl has not worried investors yet. Look at amazon stock, outperforming the market this year, and still up more than 60 over the past 12 months. Adding to the drama today, though, ultra violet, a Group Fighting sexism, lhas a petitio to ask amazon to stop selling trumps line of mens waear. Why is amazon continuing to support the trump empire, and now, ultraviolet says 1500 shareholders signed the petition and commissioned a plane that will be circlingover head today at the meeting with a banner saying, dumptrump. For its part, amazon declining to comment on that. Ill head into the meeting right now, listen to bezos and bring you headlines as they come. Josh, back to you. Maybe political fireworks to wat
Retail sector is still under pressure. Pandora shares on the rise after activist Investment Firm calling for pandora to consider a sale. Stocks poised to open lower following mondays rally. Futures up 0. 4 as gasoline, medical care and food prices up. April Housing Starts up 6. 6. Well above expectations on a 3. 7 gain. Economy doesnt look too bad this morning, jim. No. A lot of that increase in cpi is gasoline has come up. Thats something that the market likes, which is the craziness of this market. Remember we go to 48 for oil yesterday, and we have an explosion. All the stocks of the companies that do poorly when oil goes higher, but thats all right because oil is meant to be a barometer. We keep telling ourselves that. At a certain point its not a barometer. At a certain point its back to the inflation rate. But at the same time i dont see a lot of strength. I just see a lot of no volume, algorithmic moves in the stock market. Yesterday was one of the worst examples of it because t
Good morning. It is 8 00 a. M. In code conference here in rancho palos, and it is 11 00 a. M. On squawk alley are, and we are live. Good wednesday morning and we are live from the code conference, and Kayla Tausche is live at the New York Stock Exchange and here out west is with me is jon fortt and erinn lee and alex goodman. And now, the content is making headlines last night with jeff bezos, and here is what he said. I think of them as seeds being planted, and will ta turn into trees. And Amazon Studios could turn into a fourth pillar, and it is possible. What we are doing with alexa and echo and the natural language understanding evolves into an artificial agent, and by the way, i think that there are going to be a bunch of artificial agents in the world and just like apps and web sites this they are going to be specialties, and maybe not ask the same a i is going to be bet at some thing, and a certain household better at some of these, and they seem promising to me. Just a sliver o
500 take record highs once again yesterday. The nasdaq closing at the highest level of 2016. Overnight in asia, youll see the japanese market was higher by about. 6 . You can see there has been some pressure on stocks. This has come again as this terrorism story unfolds in france the cac is down by about. 6 . The ftse in london is down by. 25 . Weve also been tracking currencies. As the bank of england failed to lower rates as expected yesterday. We have seen a little bit of that play out in the currency markets. Today is dollars is down against the euro trading at 1. 11. Down against the pound. Take a look at whats been happening with crude oil. It zetd ld by about 2 . Its giving back some of that this morning. All right. Here are some of the otherle stories were watching today. Presumptive donald trump postponing the announcement of the running mate. Trump said he has not made his time decision. Well go inside the race for the white house at the bottom of the hour. China gdp for the