The starliner was abandoned. Several things went wrong. It is ferguson told us hard to get autonomous spaceflight right. And may have been better if there was someone in the starliner. Wti down 1. 7 . We were talking to dan denning about that. You can have a look at tv on your bloomberg. Let us get to the european markets. A balance in equity. Carnival is up 7 . Loreal is the best performer. Thosey the ring off claims from carmakers and industrials. It is up. The british pound is sitting in the last bit of rally on this friday. 1. 30. At thecurrent head of Financial Conduct Authority has been picked to succeed mark carney. When we launch this process, we said we were looking for a leader of international standing. Monetary, and at regulatory policy. Andrew bailey we have found that. Lucye joining me is nagin. What do we know about andrew baileys tendency in Monetary Policy . We dont know much. Although we know a huge amount about history and he has been at the bank of england a long ti
In the market now. Julie very little changed after simultaneous records for the major averages. That is the first time all three have closed at a record its july 26. Taking upo upon is after a couple of games. That is the balancing act that we are seeing. Apple was lower in early trading and it remains lower as we get underway at half hour after the start of trading. In mind that apple shares have rallied about 40 this year. Sos the best rally far and analysts have been positive on introduction of products, including the iphone 10. One small caveat is the shipment date is a little bit later than some expected. That could push some of the sales into the following quarter so that could explain a little bit of the pullback here this morning. The other stories were watching stock wise are nordstrom on report that private equity firm Letter Agreement partners may help fund a buyout to take the company private. The Nordstrom Family said it was considering a buyback in june. The family is not
Then earlier. So this is a trend we have been seeing as we get into august here. You see the nasdaq down. 5 . As it be at the lows of the session as well as the dow falls by 58 points today. I want to get to the highlights of what has been moving today. Oil has been on the list. Oil prices are plunging after we got the weekly inventory numbers showing an unexpected build in inventories. Ago, 41. 53. Down by nearly 3 . Putting pressure on energy stocks. In terms of earnings numbers we have gotten, tale of two retailers between ralph lauren and kors. Kors Beat Estimates but did not raises forecast. That is causing some concern. Ralph lauren beating with its numbers and stoking hopes of a turnaround taking hold under the new ceo. We are watching yelp as well. Often and sales beating strength of ade revenue and a number of different analysts at places like Raymond James are raising the rating on the stock as a result as it climbs by 13 . Then we are watching an acquisition that may be runn
Got some Consumer Spending numbers that did not meet estimates. All three major averages near the lows of the session. Amazon in point terms is one of the things that is keeping the s p 500 from falling more after the Company Reported a Record Net Income but the other card stacked against it. Sciences coming out. Apple declining having its worst week since june since 2014. In percentage terms, i want to look at the big tech losers in todays session. You have seagate coming out with numbers that missed estimates. With rivalsng along is numbers suffered from demand from apple iphones. Then we have the Energy Clients easy in todays session. Going into this running season, energy was predicted to be the biggest drag earnings wise and that is proving to be the case. Phillips 66 out with numbers that missed estimates and its pulling down many of the other refiners and is generally seen from the client and energy today. Red on thet of screen for the day. How about for the month . , lets start
Its the only place where republicans can win. Speeding out even though its phenomenal to be in orange Orange County and he loved being here the Nixon Library, a lot of conservatives shy away from president nixon because after all he was impeached for having the nsa spy on our citizenry. [laughter] for sticking the irs on his political opponents and for dan denning diplomats abroad. And for telling ad buy to the American People. If you like your health care insurance, you can keep your insurance. [applause] now, i know, its like the standards of treason. I am a lawyer and so you look at precedence and if you look at what people have been tried for treason for you now tokyo rose, gosh we have a lot of people i think you ma want to try for treason over the past few years but apparently we have just dropped for example jane fonda. Apparently with jane fonda we dropped any prosecutions for treason and the same thing for impeachment. One of the articles of impeachment for nixon who wasnt imp