The dow eyeing eight Straight Days of gains on growing optimism around u. S. china trade. Weworks rocky road to an initial Public Offering. And the democratic faceoff, warren, biden, sanders dominating the debate stage. Just what their plans could mean for your portfolio stocks are chasing history this morning the dow and the s p each within 1 of hitting record intraday highs. The blue chips in the midst of a sevenday win streak for First Time Since may of last year. You have signs of a health y consumer, Government Data shows retail sales up. 4 in august, double expectations. Core unchanged, looking for. 1 but july even after that upside surprise revised higher. Is this ever putting the pressure on jay . I think jay powell is uniquely faced with a difficult decision. You posted some stuff the other day about you raised rates and the economy is not being hurt so why should we just want to cut them i continue to say he raised rates too much and i want i want to go for the full on 3 on e
Im Cheryl Casone i am in for maria bartiromo, tuesday, september 5,8 00 a. M. Eastern time, time for the hot topic of the hour former President Trump calling states attempts to disqualify him from ballot in the 2024 president ial election a trick in truth social post claims almost all legal scholars voiced opinions at 14th amendment has no legal basis or standing, relative to the upcoming 2024 president ial election, like election interference another trick used by radical left the the wall street Journal Editorial Board out with a new oped on this exact top say removing mr. Trump by fiat would also deny voters us the constitutional right for the candidate of their choice, this is aside from mr. Smith the special prosecutor accuses mr. Trump of violating, flats would arguably commit same offense section 3 elizabeth of the 14th amendment, and what journal argues about instead of letting Voters Decide who should be on the at about they are trying to use law basically barking up wrong tre
Equity futures a mixed open in asia. A flood of corporate debt sales before the fed decision. Oil surge adding to inflation worries as saudi arabia and russia extend output cuts through the end of the year. Lets get a quick check of u. S. Futures doing nothing right now. We are well into september, but it has been the Labor Day Weekend in the United States so we only had two trading sessions in september. To say session was basically the s p down for tens of 1 . Traditionally some timber not a great month for markets. It is the worst generally unless they have already rally between 10 and 20 . Given that we have rallied, may be able not be so bad this year. We will have to see. Mike wilson says 3900 is where we will end the year. There are bears out there. Nasdaq futures pointing lower. We had bonds seeing yields rally 15 basis points partially because 40 markets Companies Went to market and sold bonds, so a massive amount of issuance that would have depressed prices somewhat. We had a
A chinese equity spooks investors away from hikes in asia since the best start since 2003 and there are greater worries of an spd rebellion and signs of a division between a deal with Angela Merkel conservatives. Good morning, everyone its monday. Its Martin Luther king jr. So the u. S. Out for today the hanover from asia was a little mixed we did have a strong session in top topix. Different picture in china, well get into some of those stories in just a little bit as you can see the hanover is grim when it comes to the stocks, the market is opening 10 weaker lets get to individual indices. The number one story in uk this morning is the yen inside administration according to the reports from the bbc there are three banks that have sizable exposure you can see the ftse 100 is trading in the red this morning. In fact, that say theme across the board. You can see every single European Index is trading in the red. I did want to alert you to dax as well. With the talks taking place, but th
Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this