Is to start the hour what did you think of that journal piece . Were both journal alums, they put work into that, yes . A lot of shoe work in there they didnt see the emails themselves seems theres compelling evidence that the emails reveal what i think we have long suspected which is there is a pattern in this leadership of trying to brush this under the rug or dismiss it or not taking it seriously enough. This comes down to more than just the letter of the law or in this case the letter of the Consent Decree this is about the spirit of it is this a Leadership Team that wants to come out and say were going to go above and beyond when it comes to the privacy of our customers, our most valuable relationship or are we going to try to do the bare minimum we can in order to abide by the Consent Decree. The question is whos the customers. Does this matter until an advertiser says im not spending my dollars with you. Thats true what this revelation we know that facebook violated the Consent
Everything in the middle is struggling we saw this once again today, especially with the dow gained 102 points, s p advanced 0. 41 nasdaq up. 57 Dollar General, walmart, costco and target low end. Well, as well as rh, the former Restoration Hardware and lululemon on the high end. Some call it lululemon and theyre wrong. Lets unpack these Dollar General and dollar tree are Bargain Basement plays that indicator to the vast majority of americans who are trying to make ends meet these companies are extraordinarily good at what they do. This morning oppenheimer argued the chain has some of the best Revenue Growth momentum around, at a time when Interest Rates are slowing, meaning investors think the economy is getting weaker well, guess what this is a defensive holding. When retails not so hot right now, dollar gen. Dollar tree has a similar story, the acquisition of Family Dollar which is finally starting to pay off. Oh, man its having a big impact on the numbers. This was no easy feat. I
The stock is down almost 25 this year. And the crypto climb continues. Crypto up 56 in a month. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We start off with the trifecta of trouble in the socalled magnificent seven. Apple, after fa bet and tesla all down sharply this year. Yet the Broader Market seems to be okay, shrugging off the weakness. The s p closing the day basically flat. The dow and nasdaq were down less than half a percent. And look where the strength came from. Nvidia up 3. 6 , a new alltime high. That stock is now up more than 250 from a year ago. Lilly and the glp space also continuing to gain. That stock quickly closing in on the trillion dollar market cap club, but its not all the same old stocks. Transports also at a record, with todays move higher drichbt driven by lyfts 4 pop. Industrials also on a tear. Names like caterpillar, up days in a row here. What does this broaden
The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know
spenders, let them know, almost $2 trillion in deficit reduction. i don t want to hear anymore of these lies are reckless spending. we re changing peoples lives. maria: our lives are certainly changing. coming up former secretary of state mike pompeo on the number one threat to today and the mistakes that got us here from foreign policy to economics. as joe biden claims it is bizarre to blame him even as the president s approval rating plummets with key voting blocks abandoning him, minorities, independents and business. these are treacherous times. frankly the lack of leadership in washington is discouraging. for the president of the united states not once, not once, say i made a mistake, this is my fault, if you look every single thing that happened negative, the devil made me do it or somebody else. when is he going to show leadership including belly-up to the bar say this one s on me? maria: coming up the former president of the kansas city federal reserve, tom hoenig a