Officer gary cohn. The white house says hes not leaving his post well have all the details. Steve bannon says were at economic war with china. The former ceo of lvmh will tell us why he actually doesnt think the u. S. Can afford a trade war right now. Lets start with the two big things investors are watching carefully. Retail earnings again and more potential drama in washington. Courtney reagan is covering the walmart story for us and eamon javers has the latest political intrigue out of the white house. Courtney, lets start with you. Shares of walmart are down today. You mentioned dragging the dow lower. Pessimism, of course, hanging or the entire retail sector, and while there was a solid quarter for walmart expectations were high going in and walmarts quarter earnings only meet expectations on the high end some of the pressure down 2 walmarts profit and revenue beat expectations and raised the lower end of its previous fullyear Guidance Range now, profit is still held down in part
As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca
From jackson hole. At 8 30, we get u. S. Weekly initial jobless claims. Then july existing home sales. Attention is raised join us to set the stage is matthew boesler. Janet yellen says it she is going to talk about Financial Stability. What does that mean . Matt im looking forward to what she has to say on this topic. We got a wide range of views on Financial Stability in the latest minutes of the july fomc meeting. The Financial System is so much stronger now than it was in previous expansions. We shouldnt have to worry as much about the Financial Stability because the fed has been doing its job on a regulatory front. Theres one participant in the stressed raisingmade rates gradually would be the best way to strike a balance between maintaining Financial Stability and its inflation and employment goals. Its not clear yet what is the consensus about using Interest Rates to address Financial Stability concerns or not. David that is one of the questions if you take Interest Rates and Ba
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