Report and low in gasoline. One stock hitting a new low and that is retail. The xrt, that tracks retail, hit a 16 month low. So is the consumer in bigger trouble than we think. Lets get into the money and find out right now. Dan, what do you think . I dont think their in any more trouble than weve thought was going on. And i think this is a great example of fairy tales exposed for what they have been. This is a great point. The xrt was down 3 on a day we saw great jobs report and oil down and it should be great for retail and were not seeing to. So me, i think a lot of it has to do with unwind of goofy stories that have permeated the bull market thesis for a year. And a good job market would incorporate wage growth and we didnt see that. And that is not surprising. Because where we do have weakness in the job sector is areas with the higher wages, like energy, where the job growth in north america has seen and so you are trading off higherpaying jobs for lowerpaying ones and where ther
Lets get right to it on a day that saw a strong jobs report and another low in gasoline. One group of stocks hitting a new low and that is retail. The xrt, that tracks retail, hit a 16month low today. So is the consumer in bigger trouble than we think. Lets get into the money and find out right now. Dan, what do you think . I dont think theyre in any more trouble than weve thought was going on. The u. S. Consumer has not been particularly strong and i think whats going on, and i think this is a great example of fairy tales, bull market exposed for what they have been. This is a great point. The xrt was down 3 on a day we saw this great jobs report here and we saw oil down and it should be great for retailers and were not seeing it. So me, i think a lot of it has to do with the unwind of goofy stories that have permeated the bull market thesis for a year. I think i good jobs report would incorporate wage growth and we didnt see that. And that is not surprising. Because where we do have
Happen . And, of course, all of those other statements that he made on the campaign trail will be, in fact, follow through with them as the president . At the top we expect an announcement about how hes going to distance himself from his vast Business Empire. His potential conflict of interest that has loomed over the course of his campaign and this president ial transition. There may be fire works flying. Im told hes going to be calling on reporters at will. So this is going to be a free wheeling and likely long press conference, brian. Kristen welker, thank you. We can see you on the far right of the picture talking to us. And it appears some visual aids have been brought in and are being placed on a table adjacent to the lectern. Katy tur is with us in the studio. Shes covered the Trump Campaign n transition effort from the start. And we can assume there will be an Opening Statement, perhaps on both russia and on his finances. The latter was the expressed reason for having a News Co
That are not confirmed. Reporter it is a question of whether President Trump and Jared Kushner sought a back channel with vladimir putin. They discussed in general terms back channels are an appropriate part of diplomacy. Reporter and as they look use the Jared Kushner investigation and a man with deep ties to the kremlin. Kushner was talking to the russians as the point of contact with foreign governments. The russian bank called it a business meeting. Mr. Kushners attorney said mr. Kushner is free to say what was involved with the meetings. He will do the same with any other inquiry. Did the president discuss it . I will not get into what the president said. Reporter the white house in spin mode of turmoil in the west wing. I think he is pleased with the work of his staff. He is from us straigustrated to narratives that are wrong and quote unquote fake news. When you see stories get perpetrated that are false and not based in fact. That is troubling. Reporter clashing with the media
Talking about this and im sure youre having this conversation with your team, it did feel for 48 hours like something was happening because there was a level of hysteria of trying to push a narrative that was something other than russgate, russiagate 2. 0 and Hillary Clinton colluding and felt on the nose to be coincidental. I dont know if you felt that. We have seen a very aggressive dynamic at work which is not like its beenen visible before and way more aggressive and further this week which is on two fronts. One, to try to make russia collusion about Hillary Clinton. That whole counter narrative thing and a special counsel on the deal from the obama administration. All that stuff. Trying to turn it around. White house the saying literally the shoes on the other foot now. Thats the real russ story. We have seen the congressional investigations this week blow up and the republicans involved in those congressional investigations in the senate saying were out. Theyre not going to Work