Dollars of wine, liquor, and cheese. Find out what it will cost you. And the cashless backlash. As more and more businesses say they will not accept dollars, one u. S. City is saying no. See why it thought the ban was unfair, illegal, and unamerican. But first, we begin this morning with a look at todays eye opener, your world in 90 seconds. I think after what weve been through, people are being cautious. You got to heed the weather because you never know what its going to do. The southeast braces for nestor. Its going to hit hard down in florida, heavy rain from tallahassee to atlanta. A momentous day in westminster. Order. A rare saturday session, another attempt to get the Brexit Agreement through parliament. It is a burning desire to get brexit done. Now to an Extraordinary Development in the president ial campaign. Hillary clinton called tul Tulsi Gabbard, quote, the favorite of the russians. The reason why shes doing this is because ultimately she knows that she cant control me.
The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
Is there a misprice in the market half ha the Halftime Report begins right now. Welcome, our Investment Team at the table today kourtney gibsons back, the president of loop capital markets. Also with us, the head of u. S. Equity strategies as jpmorgan. We begin where we usually do, the markets. Stocks looking to build on their gains in june. So much riding on whether the fed will cut Interest Rates or in the very least attempt to signal in their next meeting next week. Steve weiss, 2 from highs on the s p. Can we get there without a rate cut or signal that one is coming absolutely we can get there the market is trending up. The down days werent really down they were sort of nonevents. Up days had been much more significant. The market just wants to go higher, thats the bottom line look, it all comes down to trade. Thats the only thing that will matter as long as you get any breath about the market being positive, as the president last night, hey, i have no deadline for tariffs, the mar
Ranger is overhead right now. This is at sims metal 12 acre recycling center on seaport boulevard. That fire broke out about 90 minutes ago. I want to go ahead and show you now a live look at crews battling the fire. So as you can see here, they are making some progress. But a considerable amount of smoke is still coming out from that area. Air quality officials are urging people to stay indoors with your windows closed, to avoid any exposure to all that smoke. We do have crews headed to redwood city right now. Our assignment desk is also making phone calls to firefighters. As soon as we get more information. We, of course, will bring it to you on air and on all of our digital platforms. Also, at 430. A stabbing on campus. Its been a chaotic day at a high school in gilroy. Good afternoon. Im Audrey Asistio welcome to nbc bay area news at 4 30. Weve been very busy this afternoon talking to police, School Leaders and students about what exactly went down at Christopher High School. Were
On nvidias numbers . Lets welcome Jordan Jackson is Global Market strategist for jpmorgan Asset Management and stephanie link, hightowers chief strategist and Portfolio Manager and cnbc contributor, both here at post 9. Great to have you. Jordan, a momentous week obviously, and i think the question on everybodys mind is now what . What do you think is next . I think weve got some further upside from here and i think we could see another 5 to 10 upside from here. The reason being you have three put, the fed put, you have the earnings put and the consumer put, right . The fed seems bias to begin cutting rates at some stage, its not a matter of if, its a matter of when. Earnings are coming in, First Quarter earnings came in better than expected. Doubledigit growth being expected for next year, as well. Most of the performance in the market this year has been driven by earnings. The wild card, its consumers. If they start to be more tapped out which is certainly some early signs of that, t