And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in
Good morning i am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New Yorkstock Exchange were starting with disney in focus as shares surge post earnings Julia Boorstin sat down with bob iger after the call, joins us with more of that important conversation hey, julia reporter well, carl, while disney parks and movie Studio Division continue to outperform, the real focus this quarter is disneys Digital Future with disney plus, the streaming Service Launching tuesday. Without revealing any early subscription numbers for disney plus, bob iger told me he does expect the service to get off to a strong start. It is ready to go i am glad to say we tested it in the netherlands, well talk about that on the call, it was successful. It did not have original content but was well received, not just in terms of number of subscribers but the user reaction to it, very, very and a half navigable, great access to our brands and story telling. He announced new distribution, a deal
Right now. Welcome, good to have you with us on this thursday, our Investment Committee at the table, jorich sapper steen is here, high tower treasury partners, the cio, one of barons top 100 Financial Advisers s to ks higher once again led by tech, which has been on quite a tear this week the nasdaqs best week in ten. Powered by the semis, some of the fanangs is this something to build on or a oneweek phenomenon. It all comes back to trade, trade even trumps pardon the pun, trumps the inverted yield curve. Look, we got some positive news. I was talking to some people yesterday thinking that, look, trump really does want to go ahead with the september 1 increase of tariffs. Chine chinese probably dont want to go ahead i thought there was a 60 40 chance that he wouldnt. I think the chinese are sort of giving him cover in their comments this morning. You think the markets trying to sniff that out a little bit i think the markets assumed its going to happen, actually, and thats why the in
Socalled macrow and listen to individual companies on a day the dow slid, s p lost. 79 and nasdaq shed 6. 8 because treasury yields cantonu to sink and the president terrified the market you dont know the term terrified . You better get used to it. Others were focused on tariffied, i was focus on home depot because when im trying to take the pulse, home depot gives me a better read from the bond market or any talking people on tv home depot has all sorts of insights you cant get from staring at the yield curve and right now the spot says the consumer all systems go. After list piening to the blockbuster earnings, idea were heading to a recession, according to home depot, things are getting stronger, not weaker but there are issues why should you trust home depot . Two words. Car carol, the longtime chief financial person who is retiring after 24 years at the company. It was her last conference call. Money. We spend a huge amount of time interviewing officials going and Hedge Fund Manag
Columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney general at the United States department of justice where she helped enforce the nations antitrust laws. The third witness on our panel is stacy mitchell, codirector of the institute for local self reliance. She spent years working with policymakers and grassroots organizations to help develop city, state, and federal policies to strengthen independent