Weather pattern could mean for commodity prices. And the end of the dreaded annual performance review. Why it is now falling out of favor at so many more u. S. Companies. First, though, lets check in and welcome sarah eisen. Hi, sarah . Hi, tailer. Well begin the show with the housing market, Home Building rising to the highest level since 2007, a key measure of future construction plunged. Diana joinings us live from washington with all the numbers and back numbers. This is stocked full of contradictions. Single Housing Starts took a nice move up, nearly 13 for the month. Multifamily down 17 . Look at the big picture from whens we came. Single family construction is 25 below the 30year average. Multifamily is trying to make up for a decade of underbuilding. The Single Family construction surge in july much needed, yes. And it plays into the home depot numbers that were so stellar. Even when people buy new, they fix it up to their own liking. Some say the retailer needs to play to prof
List of priorities. I think we will get this batting of heads anyway. They will say, you cant get past that, but we have to settle on the bill first we dont even know what the deal is. They havent got a figure. We had a British Trade negotiator earlier, a former one, who said no one will tell us these end points in the middle of a negotiation. You could argue, everything is moving to plan. Except the tone is problematic. True. I think the uk should have started, given that we kind of came quite hostile to the table, and the history was not a good one, we could have tried at the beginning to foster better relations there, and we didnt. The times angle, the eu wa nts we didnt. The times angle, the eu wants billions in foreign aid. We didnt. The times angle, the eu wants billions in foreign aidm we didnt. The times angle, the eu wants billions in foreign aid. It is pa rt wants billions in foreign aid. It is part of the divorce bill, things we have already committed to that the eu say, loo
Expected to come in 1. 1 , maybe lower, lets take a look at u. S. Stock market futures, dow futures lower by 9, s p fractionally, nasdaq lower by 3 points. Lauren a third of its sales were made digitally last quarter. We will have the latest reports from starbucks. Lea nfl draft in philly. We will tell you who they picked. In hockey playoffs, seattle beat rangers in opener. Lauren happy friday, everybody. Its actually the last trading day of the month and the week, of course. Welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Lea the measure would give republicans and democrats an additional week to work out differences on a longerlongterm government funding bill. The reason we need an extension in the first place is because democrats are dragging their feet, even if we get an agreement in 10 minutes, we cant process the pape long and we have a threeday rule. People need to be able to read the bill. Inevitable under any scenario or cir
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail wreck. Will this earnings season be the sectors worst in nearly a decade . Staying focused. The markets brushed off the firing of the fbi director, and stocks are oddly calm. Why . And what moves if any should investors like you make . Modern medicine. How Artificial Intelligence could one day predict what diseases we might get. Those stories and more tonight on nightly Business Report for wednesday, may 10th. Good evening, everyone, and welcome. The talk in washington and on wall street was about yesterdays firing of fbi director james comey. More on that in a moment, but we begin tonight with retail. Some say the industry now faces its biggest challenge since the great recession. And as the sector gets set to report earnings, investors are preparing for the worst. Weve already seen a growing number of retailers file for bankruptcy. And if the pace keeps up, this year could see highest number of such
Carl king and jim cramer. State police is coming up. The first close above 2400 looking to add to it today. Busy morning with retail mornings, 13 s filings. Reports that the president disclosed classified information. Europe is mixed. U. K. Inflation the highest since 2013. Back home Housing Starts down unexpectedly for the second straight month. The ten year around 234. Home depot taking the street and gaining ground. The retail names taking a beating today. Did President Trump reveal classified information to the russians in the oval office . The white house is denying the story but the president s tweets this morning seem contradrikt t contradictory. How will the markets react. Instagram announcing new reactions like face filters that seem like snap chat. Its coming off an 8 gain as it climbs back from the earnings plunge. First up, talk some home depot. A bright spot on the retails earning front. Depot beats the street with earnings results. U. S. Comps up better than expected help