You know that. Reporter there are a lot of it is not intentional, i just firsts today. The first full day of senator Kamala Harriss role as joe bidens running mate. The first time the two will wanted to put together a list make an appearance together. Today where i think we have the release ad of the campaign. Made a lot of progress. Reporter and a moment captured in their new campaign it is by no means an exclusive ad, joe biden made his choice for a running mate. List of the considerations that california senator kamala we are advancing over the harris. Is the answer yes . Course of this legislative session that concludes on august 31. Absolutely yes. With that, and concluding my presentation. Reporter they will talk all right. About working together, you have been listening to Governor Newsom talking about a lot of things. Restoring the nation and the we can sit here and rehash it all. No need to do that. Fight for working families. Tonight they will go to a if there were a few high
After todays magnificent run the dow gaining and s p gaining and nasdaq 1. 5 maybe we shouldnt lend so much credence next time some indicator flashes red when tenyear treasuries were giving you it, experts came on the air and said a recession is insev inevitable and you should be afraid thats no way to make decisions about your money i explained over and over again you get a much better read by listeni ing to conference callsf individual Large Companies they said consumers are liable now look what happened yield curve on friday, if you took your queue from the panic and sold everything, you got burned thats the problem with following the big data an inverted yield curve may mean a recession but tell that to tens of thousands of people that shop at walmart every week the president gave walmart a shout out. Ups delivers hundreds of amazon boxes every day and tell it to the geeks at visa and mastercard or apple where the Service Revenue stream keeps growing the companies are seeing a sign
North korea to strike the u. S. Territory of guam. Protests in nairobi as the man who looked set to be the loser in the president ial election since his presumed loss was rigged. The Election Commission is looking into the claim. Police in paris say they driverthe lookout for a and a vehicle that ran into a group of french soldiers just outside the french capital. Six were hurt in the incident this morning. The antiterror unit is investigating. France is still in a state of emergency in the wake of terror attacks from two years ago. Military hospital on the outskirts of paris is the main Military Hospital and its where two of the six soldiers injured have been brought. Their lives are not said to be in danger. The minister of defense and interior are expected to visit. The Counterterrorism Forces have opened an investigation into the incident. Genie sorry about that. We seem to be having some trouble. We will try to get back to her later. The challenges this kind of incident kendrys to
All three major averages taking a hit a day after the fed raised rates as investors say ok, now what happens, after they waited for that Interest Rate increase for so very long. The focus has been shifting back to commodities, which has been the tale wagging the commodity dog. Take a look at my terminal. You will see this illustrated more in detail. A broadbased selloff. Utilities are doing well. Rates are coming back down. Otherwise, steep selling of financials, tax, consumer discretionarys, industrials all lower. It is still materials taking the biggest piece on a percentage basis. Crude oil is falling. We have seen a resumption of the selling. We are seeing wti trade near a sixyear low. Oil,e very least for crude even though it has been bouncing around, obviously the losing streak it has been on as the glutton continues in the oil market. Betty it does, and there is a glut in the Metals Market as well. Pricesyou have gold falling. You are looking at a multiyear low of about five yea
Other products performed well. We will hear from ceo. And mark your calendar. Iphone is set to unveil its latest phone on tuesday. We have completed details on apples media event. To our lead story. Fox wouldrst century drool at the offer to grab the owner of hbo, turner, cnn and more. Instead, it authorized a 6 billion buyback. Engage to explore an offer that was highly compelling. It undervalues our stock and makes it unattractive to fox shareholders. The news said shares of time warner plunged in afterhours trading. We are joined in the studio by correspondent Jon Erlichman from the disney lot in burbank. John, you have been speaking with the fox camp. What do they have to say about this . Over the last few hours we this isrd people ask if gamesmanship, if fox is making this announcement to put pressure on time warner. My understanding is that is not the case. Of money behind a buyback would not speak to that. You heard from her burden doch in that statement Rupert Murdoch in that s