The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
They conquered. Nvidia keeping report empire going but the question can they beat it going. Jensen meets caesar. Which powell will show up tomorrow. Why the 10 are loving these harsh fed policies. Plus the badgegy brook. Keeping up with the jones. I love to see crazy stuff youve seen with people trying to look rich. 6 commission on buying a home, lets say it is over. Here is a dirty little secret for agents, it never existed for them. We have Real Estate Agents that want to tell their side of the story. All that and more on making money. Charles all right, so its the morning after and the morning before. The morning after a. I. Woodstock and the books,s in the books, folks. While a. I. Stocks sort of mostly chugging along today the ramifications from this event will be felt in society and in your portfolio for years to come. Now it is the day before the fed decision. Of course conventional wisdom saying no rate cuts tomorrow but there is a lot of debate over when and how much the fed s
Launching its long awaited ipo after delaying that offering several times, and weve heard from major retailers this week, were talking walmart and target about how their customers are being impacted by inflation while dgas prices are pinching americans wallets and pushing them to roll back more on spending. And a boost to Electronic Arts, but is ea the best name in the video game industry, a top analyst weighs in, it is friday, august 18th, 2023, youre watching Worldwide Exchange right here on cnbc. Good morning, welcome to Worldwide Exchange, im frank holland. Lets get you ready to start your day as always. B were going to kick off the hour, red across the board. The dow 5 points lower. The s p fractionally lower. T this follows the major averages extending their losing streak. There is the possibility of an increase in volatility today as u. S. Stock options contracts with a value of 2. 2 trillion are set to expire. If we dig just a bit deeper, take a look right here, the dow closing
Rates not as much up. So depending on where you look, of course, it depends. The dow up 63 points, the yield on the 10year down to 4. 4, down 4. 4 basis points. It has been the story of the week, and youd have to go back to last may for stocks to find the worse week. Look at this, the dow off 2 , same story on the s p, nasdaq down 2. 6 . But just because markets are weak, do not assume housing is weak. To hear real estate giant redfin tell it, were over the worst of it. Hopefully, theyre right. And get this, Ceo Glenn Kelman says the Housing Market is done and has hit rock bottom. Say what . Stay here, because coast to coast starts now. Muck. If. Ashley welcome, everybody, im Ashley Webster in today for neil cavuto. Lets read it and weep. Interest rates continue to climb and climb and climb. However, the 0 year might be calming down just a little bit. Its still bouncing in and around the 15year highs at 4. 23 . And Mortgage Rates at better than 202year highs, above 20year highs, above
[laughter] ashley thank you very much, charles. By the way, i drove a jalopy, and it wasnt a collectors item. Its been a gradual and small downturn, stocks slowly retreating right up until 2 p. M. Which is when the Federal Reserve released the minutes from its policy meeting last month. The reaction has been pretty mute after the minutes revealed what we already knew, that the Federal Reserve is still fully daydependent, and its next meeting will remain a live one with inflation still too high. They also, the fed appears a bit divided, theyre not on the same page. The minutes also a reaffirming that the fed does not see a mild if recession at the end of this year, but theres still significant probability for one in 2024. But it is the retailers that are making some of the biggest market moves with a surprising day in the green for target despite cu cutting its fullyear earnings forecast. Now investors also happy with tj maxx and marshalls participant Tjx Companies which beat on the top