That does not appear to be the case. The dow and nasdaq each touching intraday records. The upward momentum has resumed. Financials are a big part of the rally today. Is a big, big move for the it financial index stop seems to be a lot about what is going on. You mentioned jpmorgan even before the headline coming out. J. P. Morgan shares up by 2 . Regional banks doing well today. Take a look at the treasury market because that appears to be what is driving this rally in the financials today. Not take much. Even a marginal move in the treasury market appears to be. Aving an outside reaction only two basis points higher today. Yields havereasury been moving sadly hire all week, fueling some of the gains in the financials. E Company Specific news alibaba shares at a record today. 45 tompany predicted 49 Revenue Growth in the year ending march. Pulling yahoo , along with it. Nordstrom making big headlines,he family that owns nordstrom or one of the majority owners is considering taking pri
Power lunch starts right now good day, everybody the three averages bouncing back just a bit from yesterdays selloff and three days of declines the latest inflation data fueling some gains despite those gains, the dow is on track for the worst weekly decline since april. The s p 500 on track for its biggest weekly drop since march. Check out the transports, they are on pace for their best daily performance in a month youd say maybe its a little mixed picture. Fedex, rider systems, avis, budget leading the way. We begin with a stock not doing it right investors are losing 20 of their money again today and that continues a run of pain that put the stock at a 45year low Courtney Reagan is here with more on whats hurting the company. The stock reaction for j. C. Penney and other stores has been more severe for several reasons. They had run up 20 since the last reports we did get trends so some sell on the news here but sell because big industry head winds are still very much alive for this
Touting its first augmented reality superstar, the dancing hot dog. Is ar the future for snapchat . 14 million in market value. Meantime lets get to wall streets Research Prices well have the details on jpmorgans move to take market share ahead. Only going to charge 10,000. Could be a race to the bottom Retail Stocks get crushed, bill miller iv is making a big bet on shopping malls. Well join us to discuss whats behind that move we do start with north korea and the latest developments about the looming threat against the u. S. Reporter we could hear from the president momentarily on the latest regarding north korea theres an event set to begin at president s Bedminster Golf Club it could be on fork force workf initiatives. He upped the ante this morning he said the u. S. Military response is locked and loaded and to that end he retweeted photos posted by u. S. Pacific command of air force bombers at the ready in guam. The u. S. Territory about 2,000 miles due south of north korea that
International panel this morning and i will introduce each of our Panel Members. The first one is a member of the emirate mars Strategic Planning team. The duties are to ensure the impact of good journey to mars will be sustainable, leaving it an everlasting effect. He is also the cofounder of the bowels of show, which is a Youtube Channel aimed at making Science Technology accessible to our youth in that area and has been quite successful. So, said. [applause] next is shooed shirov the readers working not for Human Spaceflight Technology directorate in japan. He received his degree in the special icing and design of intelligent controller for an economist walking robot under microgravity environment. She is currently in charge of the japanese human and nonhuman exploration ive been mainly in the Architectural Design of Space Systems to the moon and mars. [applause] our third panel member this morning is from the palace building a space corporation. He has been the large project Design
At 8 30, well get u. S. Housing starts and Building Permits for the month of july. Then talks begin between the United States, canada and mexico, get underway in washington with the first round of negotiations beginning at 9 30 this morning. And later in the day, the fomc will release minutes from its july 20 to 26 policy meeting at 2 00 eastern time this afternoon. But in the meantime, the fallout continues from the remarkable News Conference President Trump had here in new york yesterday, where he once again appeared to change his view on who was really to blame for the riots in charlottesville. And this as part of an attempt to refocus on infrastructure. Joining us from washington, bloombergs Senior Executive editor for International Economics and government. So marty, welcome back. I think its fair to say this was an extraordinary News Conference. I really want to focus on the fact that this was all to really focus on infrastructure. That was why he was there, we thought why he cam