Trade overall, it takes us to our talk of the tape, the great bounce back for stocks and whether it is sustainable. Lets ask adam parker, ceo. You are not so sure this is sustainable and more cautious in a few months . Yes, last week when we spoke, conditions are still the same, an equal chance of a 10 up versus 10 down, that makes me less confident because the data are mixed. For every good thing, i get upside on retail sales, down on housing. There is some good and some bad and enough to feed the bulls and bears. You have to get to a soft landing somehow isnt that the definition are you looking for where are you looking for the economy to keep rolling along and figuring out the inflations way to work in your favor even if it didnt . Erode not imploded, the hominid dialects we knew we were going to slow but at what pace . The good news is, you dont have a synchronous contraction, so many things the cycles were at different times, housing on a different cycle than auto. On the things t
Slower Consumer Spending early in the year. Not affecting stocks at the moment as we see the dow with little change and the s p and nasdaq gaining at the moment. Lets look at individual stocks. I wanted to look at amazon and what we have seen so far this year. Shares were up about 9 today were up to date and 9 year to date and they are expected to close at a record depending on gains. Amazon is going to be raising its amazon prime fee but only for monthly customers. Most are annual, but the monthly fee is going up to 12. 99 from 10. 99, but they have been a on a good run so far 2018. Mark carney season continues to ramp are earning season continues to ramp up. Ibm coming out with increasing sales for the first time in six by as muchit is not as cloud computing, said those shares are down. American express spending more for its customers. In other words, getting more and rewards. Those costs are going up. Jeff campbell says renewing its aret deals were going going to crimp money this ye
Expected to hold steady at 5. 3 marking a seven year low. Again the report will be released at 8 30 a. M. Eastern time and its one that the fed is watching very closely. The last jobs report before they try to decide if theyre going to raise rates in september. Welcome back. Thank you. We talked a lot about those rates. Weve seen lockhart say theyre going to do it. We had powell on who said still data dependent but a lot of people swinging toward september. Yeah, you called this awhile ago. Well, Wishful Thinking that they quarter point, you know . You can do it. You can do it. Its not going to nothing is going to happen. You can do a quarter point. Im going to talk about the markets now because were going to focus on the jobs report and i decided that im kind of glad that were cnbc and Business News. Im still thinking about what i saw last night, what i witnessed and i want to talk about it but im glad we can talk about real other stuff, you know what i mean . It was fiery. It was row
It was a pretty consistent place over time. I guess they rehired me. And i hope that some big news. There was an entire section this weekend in the omaha world herald which you own by the way that was entitled after warren. It is a subject we spent a lot of time on. Usually not today that would be the one that we would spend the most time on. You kind of gave a little window you said maybe my successor might take over while im still alive. At some point youre not out of there. And i know what that record is but i dont want to break the record. What changed about the Succession Plan in the meeting today. It just so happens that the present choice as that. There is no reason why a female can do this job. It was a wonderful woman. We should look at Berkshire Hathaway. Down half a right now. In the wake of earnings it fell short of analysts expectations. It sat at 247,163. Down 1 . If even holding it since election day you had been quite a winner. It was a big part is participant in the tr
Freaking bad billionaires at a snap. 20second tech titans celebrating as their company now each worth more than 5 billion. The secretive ceo with the supermodel girlfriend, is he the new Mark Zuckerberg and facebooks worst nightmare. What you see you what see good morning, america. Happy friday. Boy, is it a happy friday for the snapchat founders. 5 billion each. This morning. Id be pretty happy. Perspective thats more than moguls like Richard Branson and the owner of the patriots, robert kraft. 70 billion to beat bill gates just to put it in perspective. Debbie downer. I would be okay waking up to 5 billion. I would be fine. Theres room for growth and but the way my daughters use snapchat, i think theyre going to get there. Weve got much more on that coming up. First to the firestorm over attorney general Jeff Sessions now recusing himself from any investigation related to the Trump Campaign after reports he met with the Russian Ambassador before the election. Our senior justice corre