I keep going, why cant we wait . Maybe the trade war is not weighing on the outlook as much as we feared. I think you will have to reprice to a certain degree less than three cuts. The fed is in preemptive mode. Does the fed get behind or in front of the eight ball . It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have peter tchir, iain stealey, and noelle corum of invesco. It is the number one question following the payrolls report. What does the jobs number on july 5 mean for the fed meeting on july 31 . Noelle no doubt, the payrolls number was strong across the board but we dont think it means much. Definitely reduces the likelihood of 50 bps cut, priced in going into payrolls. In terms of the fed, communication will be key. They will either have to deliver a cut with markets that are doing well, but powell seemed to write that off in the q a section of the june meeting. Or they will have to say
Speak. Numbers will move around this morning. Dow would open 150 points off. Nasdaq down 60 s p would open off 18 points treasury yields. 10year treasury at 4. 223. It moved up. 2year treasury at 4. 96. As joe mentioned, in the last half hour, fitch warning it may downgrade dozens of banks. The Agency Cutting assessment of the Industry Health in june. Fitch rating stating if the industry is downgraded again, that translates to negative reaction fitch wants to significaal that downgrades not a foregone conclusion he will join us in the next hour to breakdown what with is happening here. Im looking for a trade, courtney i dont see it yet home depot is saying things are crappy in line with the crappiness they talked about you saw it yes fiscal earnings down Single Digits you want to go through the numbers . I dont know if the stock is impacted by the comments exactly we knew they had been looking for the year of moderation fiscal year earnings down it could. Home depot is reporting earnin
Spending after a big week of inflation data. We are going to be getting july retail sales, those come out tomorrow, and the minutes from the july fed meeting, those come out wednesday. European markets as you can see are mixed right now, the ftses in the red, the cac and dax are in the green. In asia, red across the board. Weve also got this this morning, the department of justice deciding to appoint a special council to the hunter biden investigation as the doj drops his case in delaware and his lawyers insist the plea deal which fell apart was negotiated fairly. Hear what senator ted cruz told maria. All of this on the heels of a possible fourth indictment of former President Trump, this time in georgia, which could come as soon as this week. Joining the conversation all morning long, speech First Executive director charise trump and Strategic Wealth partners ceo, mark tepper. Mornings with maria is live right now. Cheryl a nice warm morning here in new york city. Well, it is time fo
Stuart 10 00 eastern time. I feel good. It is indeed 10 00 eastern and well go straight to the money. Not much Price Movement and the nasdaq down and now its up 14. Other than the nas dab, not that much movement. Ten year price to the treasury. Wheres the yield . Moving up a little 412 on the 10 year. Watch that carefully because gasoline prices going up and oil at 83 a barrel as of this morning. Bitcoin priced at 29 grand. We have numbers on consumer sentment released about one minuting a. Lauren, whats the number . Lauren slightly better than expected and the number for august, 71. 2. Inflation expectations, this is big after all the inflation reads that weve gotten this week. Inflation expectations, one year out went from 3. 4 slightly lower and stayed at 3. 3 and steady as she goes. Current conditions were feeling good and that number is stronger than expected and Consumer Expectations are feeling not so good and that number, the market did nothing on this report. Stuart thats the
Things are getting cheaper, but the rent is not getting cheaper and their food is not getting cheaper, of course, theyre going to feel bad. Amna and, hungarys farright Prime Minister viktor orban visits the united states, meeting former President Trump, but not President Biden. Major funding for the pbs newshour has been provided by the ongoing support of these individuals and institutions. And friends of the newshour, including jim and nancy milner, and the robert and virginia schiller foundation. On an american cruise line journey, along the legendary mississippi river, travelers explore Civil War Battlefields and historic riverside towns. Aboard our fleet of american riverboats, you can experience local culture and cuisine, and discover the music and history of the mighty mississippi. American cruise lines. Proud sponsor of pbs newshour. The john s. And james l. Knight foundation, fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these indi