Najarian and steve weiss and bob lebenthal. And so what are you seeing here with the end of sports a authority, and what about this pain . Well, the Sports Authority is the gift that keeps on giving, and i saw the big bankruptcy sign, and judge, did you see the same thing . 10 off . Who does a liquidation at 10 off . Nobody. You know what i did when i saw that . I marched out. Exactly. They better have a lot of money, because nobody is buying money at a place that has a 10 off going out of business sale. Just getting started. But is it going to hurt under armour, and all of these are a death by a thousand cuts, and yes, it is going to affect under armour, and nike, and also, to a smaller extent, but those aret not the big things, and the fact that the olympics are not something that is going to be nearly the driver that they have been in the past, and that is my feeling, because of zika and a whole bunch of other distractions, i think that people wont be as geared up for it. So i think
Of japan was fully consulted on this and as a result check out currencies. The yen jumping to a threeweek high on that news. Lets take a look at europe. This point the european markets are in the red. Germany down. The cac in france is down 1. 25 . The ftse in london off by half a percent. Take a look at crude oil this morning. This was a huge story yesterday. Wti dipped below 40 a barrel. Ended up closing at 40. 06. This morning up about 26 cents to 41. 31. This is a key number here. This has been the point where the s p has kind of linked back up with crude oil as crude oil comes down so have stocks at least at these levels. Well continue to keep a close eye on this today. All right. Now to the day ahead on the street. Sit another busy one. You will see the june personal income and spending numbers. Both are expected to rise. Roughly in line with mays number. Also out today julys auto sales. Dallas fed president rob kaplan speaking at a conference in beijing china in the next hour. I
Statement on 18th street norwest northwest. They said that the suspect and two others face charges in connection to the brawl. Two Fairfax County students face Sexual Battery charges for an incident that took place on a school bus. They said the 11 and 12year old boys grabbed the girls breasts and buttocks and held her down and straddled her, apparently. This attack happened in november. The boys attend Glasgow Middle School and it appears the driver was not on the bus of the time. The judge has ruled the mother of two missing children in gaithersburg is not competent for trial. Catherine hoggle is charged with a double abduction and neglect in the disappearance of her two young children, jacob and sarah were two years old when they vanished in september 2014 and have been missing ever since. The state will be allowed to give Catherine Hoggle a 68 returns to court in april. New information and the rape of a woman in her mount vernon apartment over the weekend. Peggy fox joins us for th
Everybody. Im anna edwards. Lets update you on australia. Getting a few headlines coming through and if you market moves as a result of a reduced inflation forecast. Ive got a chart here. Inflation going down under. This is the headwinds, the challenge that faces the rba, like many Central Banks, hit by this global disinflation. This chart goes back to the 1990s. As a result, you saw the aussie on the move. Lets have a look at the risk radar. Real weakness coming through in the aussie as a result of this move. Yields on bonds lower. Threeyear yields hitting a record low in australia. Eightweek low on the australian currency. The big question, whether the central bank will do more to sperry inflation. Ive got the dollar index pretty flatness hour, but it is of course jobs day in the u. S. Headed for its biggest weekly increase in six months. The yen increasing against all major peers. Wti at 43. 84. Lets get to Arcelor Mittal, getting numbers from the steelmaker. This is the Worlds Larg
And now, with the production schedule, ceo elon musk is responding to the naysayers and saying on the conference call, what i find ironic for the naysayers they transition from saying it is impossible to saying it is obvious. I say, wait a second is it obvious or impossible, because it cant be both. Who is right, chanos or musk, pete . Well, in the short term or the longer teerm term, it is chanos, and the reason i is a they is because they have had nothing but production issues for quite some time now, and the delays and the issues and now talking about ramping up, and going from 50,000 to 90,000, and supposedly getting 80,000 to 90,000 this year, and if they can get that number, it is impressi impressive. Phil lebeau has been talking about i, and it is ing a graggro get to that level, and the 500,000 level in two years from now, and it is amazing, scott. We know great drives, and people are going after the model 3, and everybody put the 1,000 down, and maybe over 400,000 now, but the