Leadership meeting in brussels which is still under way. We are going to take you live for all that. So many concerns yet seeing this rally. If we stay at these levels will probably be the biggest singleday reverse ideal in four years. Economist Thomas Piketty has a message for Angela Merkel. He says history will remember you for your actions this week. Hell join us live in a few minutes to explain why he believes not helping greece would be hypocritical. The big banks unveiled their living wills. These are the plans how they would handle bankruptcy during a crisis thats mandated by dodd frank. Dick bove will join us to tell us why he believes these wills are a negative for the u. S. Economy and calls it a dumb idea by the government. Another positive fitbit rating. Well talk to the analyst behind that call whether the company has already gone too far, too fast. Im not making fun of his name, but what is the analysts name . Will power. I love that. The fitbit analyst name is will power
Israel has built one of the worlds great civilizations, a strong resilient, determined and prosperous nation. It is also a nation forged in the commitment that we will never allow the horrors and atrocities of the last century to be repeated. Now, we must Work Together to build a future where the nations of the region are at peace. And all of our children can grow and grow up strong and grow up free from terrorism and violence. During my travels in recent days, i have found new reasons for hope. I have just concluded a visit to saudi arabia, where yesterday i met with king salman and with the leaders from across the muslim and arab world. And that visit we reached historic agreements to pursue greater and greater cooperation in the fight against terrorism and its evil ideology. My future travels will take me to visit pope francis at the vatican. And then our nato and european allies. We have before us a rare opportunity to bring security and stability and peace to this region. And to i
No deal, Canadian Pacific walking away from the Norfolk Southern bid after norfolk resisted talks forever. And another Company Reportedly enters the fray for yahoo . The ted line for bids this week. Stocks are looking to rebound for the worst week since february. Alcoa due tonight. The president set to meet with fed chair yellen today to discuss the economy and wall street reform. And la and larry fink saying certain actionsi actionsi actionsi may lead to reduced spending and growth. An echo of what hes said in the past. Right. I think that were getting actual success in europe. No one seems to recognize that. I think three months from now, germany will say enough is enough. We want rates to go higher. Germany will prevail. The numbers that im getting, car registrations, employment, pmis from europe, theyre all strong. I think this is a backward looking letter. Really . Yeah. Other than japan. Japan, i dont know. I cant figure them out. Nothing seems to work. Tenyear negative 0. 796 fo
Stock exchange. We await for a fed meeting to begin tomorrow. China slips 3. 5 overnight. Japan leaves policy unchanged. Back here, retail sales okay. July revised up. Good auto sales offset by lower spending at the gas stations. Ahead of the rate decision, former central bankers are out today with more pronouncement force the fed. Asia continues to suffer. Shanghai down 3 as the bank of japan holds on a rate move. An upgrade forfe fitbit. More data for the fed to digest ahead of the twoday policy meeting set to get underway tomorrow. Retail sales up 0. 2 . Last month stripped out auto sales up 0. 1, that marks six consecuticon seco consecutive months without a decline. How does this get digested at the table tomorrow . The areas that are strong in the economy are rate sensitive. Autos, housing. I know a lot of people say bring on the rate increase. But you just mentioned where the strength is. That strength can be taken away. It can be taken away by a belief that unless the statement
And today Morgan Stanley said oil prices could plunge even further to 20 a barrel if the dollar continues to strengthen. And thats something capitals john kilduff said was possible about a year ago on nightly Business Report. Were in the beginning part of the price zone right now that hurts production in a big way and starts to reverberate through the economy, the manufacturing economy especially. It will be particularly painful if we do break the 40 level and then if we do break the 33 level, which is my low price target and we go down into the 20s. Then its going to be a real bleak situation. And john kilduff Founding Partner with again capital is back. Hes wearing his lucky shirt. Did you notice that . Its the same shirt he had on. He knew he was coming on. I take care of things, you know. John, where do you stand now . You correctly forecast where oil was going to go. Were at about 31 a barrel. Are we near the end of the cycle or not . Unfortunately, no. I think the low point now w