Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s
Seeing a bit of a bounce as were about 85 of the way through earnings season at this point in time. A lot of questions we talked about last hour, you talked the hour before that about the overbought status of the market, how we reach peak fed. A lot of fed speak this morning. Looking ahead to cpi and ppi later this week. Ppi on friday in the wake of some of the international ppi numbers, which, of course, are negative in a lot of cases. Meantime, banks helping to lead, better than a percent. Industrials up a percent berkshire up a couple of bucks. Berkshire helping lift other insurers because they showed how much of a tailwind higher rates have been to their business. Now sitting on 150 billion worth of cash, buying 10 billion worth of treasuries every monday as we pointed out, today is monday yes see what ackman says about that. In the meantime, rbc raising e s expectations for the s p for 23 and 24 by 1 and 2 respectively she does maintain her yearend price target, concerned this yea
Biden back at the white house, will he answer republicans who say they have new evidence related to his dealings with hunters overseas business. Lawyers for former President Trump expecting another indictment soon. Our panel tackles the legal and political questions as our, Yellow Trucking Company blasting the teamsters are the files for bankruptcy and 30000 workers move their jobs, the attorney representing the Company Later in the show. Cheryl welcome i am Cheryl Casone the emperor neil cavuto today. Lets get to the markets where the dow is right near the session highs. A busy week for investors as we look for earnings from Major Companies walt disney, amc and ups this week, we have a ton of Economic Data due out including july inflation data, working to get cpi out on thursday and ppi back on friday the most important inflation reports for the month for the market the bullseye American Ingenuity Portfolio Manager adam johnson joins me in the new york city studio. Hello cheryl. Lets
Undermine the now popular soft lining economic story and what will it mean for the markets. Here to help answer that is private wealth chief investment officer, cnbc contributor. So first on the action today, we were only down 3 4 percent but it is two days in a row where it seems like the expected august pullback is resuming. We had the big Growth Stocks of apple, microsoft and nvidia 10 or 11 below and the broader take is Holding Together okay. Do you take heart in that or feel like its noise or delusion . Maybe a little bit of all of those. I feel like there has been a sense of somewhat capitulation in the middle of the day over the last couple days and i think that there continues to be a very strong underlying bullish sentiment which stems from the expectation we will see soft lining or none, we have seen a lot of sectors from even soft landing over the couple weeks. The other thing is investors are trying to determine how much the cpi tomorrow but change the narrative and the thi
Traders should be doing next with uber. Im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start out of tonight with the market wobbling, the s p down over 2 , while the nasdaq fell over 2. 5 . Next week the latest readings on inflation with cpi and well also start to get our first reads on the state of the consumer as retail names start reporting, disney, ralph lauren, capri, all next week, and then the week after its the big boys, walmart, target, macys, home depot, lowes and many more it has been a mixed bag for retail this year carter, what are you expecting for disney yeah, first lets look at the disparity or divergent between the actual s p 500 Consumer Discretionary sector and the equal weight sectors, youll see on the first chart of the screen these two lines, one is the actual sector as constructed by up some 34 year to date and thats dominated by amazon and tesla. Those four almost 50 weight the real message of consumer is the other line, tha