Numbers and, of course, the payroll report tomorrow, which leads us to our talk of the tape we ask how results from apple and amazon right after the close of trading might drive the tape from here. Here to discuss all that is stephanie link, and malcolm etheridge, both are cnbc contributors both are here at post nine as well welcome. Hi. Steph, obviously, look, apple and amazon together more than 10 of the s p they matter for the index how the market reacts to the numbers. In general, in the context of an earnings season that has been strong relative to expectations, the mark kind of shrugged on some level, where do you think that leaves us as we figure out if this has just been a little bit of an air pocket in august i think it is a little bit of an air pocket, digesting the doubledigit gains we have seen across almost every indices. And i think august can be volatile maybe trade around, maybe to september, mike. But i think the economy underlying is pretty good. The Economic Data has
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
Consumers getting more cautious. Instacart is getting ready to make its debut, pricing at 30, implies under 10 billion valuation. Indications for the first trade above 39. Well bring you that first trade as it happens. Topping the tape, market is in wait and see mode ahead of the Federal Reserve meeting tomorrow s p is selling off down 0. 6 of 1 investors widely expect there to be no change about Interest Rates but the message about the path forward will be key lets bring in cnbc senior markets commentator, mike santoli. What is expected in terms of the tone and the outlook for rate . Tone will be to maximize flexibility and react to data as it happens thats the mode they want to stay in. I dont think theyll necessarily try to put 100 chance of a november hike on the table, but have you to be open to it and respond to the numbers. I think that the market movements, the yield move on the long end as well as whats happening with fuel prices, it complicates the story, but i dont think in
Willis testifies about changes to the u. S. Postal service and hes addressing the rise and assault postal workers. Oversight accountability subcommittee hearing is the first congressional appearance two years just over three hours. Good morning, the subcommittee on federal work will come to order and i would like to welcome everybody to this important meeting. May declare a recess at any time. We also have a number of members seeking to be weighed on todays hearing without objection, ms. Mays from South Carolina will committee on oversight accountability today. Also we have the gentleman from South Carolina and the Commerce Committee has asked to be part of this as well as the gentleman from california. The subcommittee of questioning todays hearing. Thank you. I recognize myself for making an Opening Statement let me welcome postmaster general, sometime last week we were preparing testimony and operational needs of the day and i found postmaster general im very thankful for the opport
Willis testifies about changes to the u. S. Postal service and hes addressing the rise and assault postal workers. Oversight accountability subcommittee hearing is the first congressional appearance two years just over three hours. Good morning, the subcommittee on federal work will come to order and i would like to welcome everybody to this important meeting. May declare a recess at any time. We also have a number of members seeking to be weighed on todays hearing without objection, ms. Mays from South Carolina will committee on oversight accountability today. Also we have the gentleman from South Carolina and the Commerce Committee has asked to be part of this as well as the gentleman from california. The subcommittee of questioning todays hearing. Thank you. I recognize myself for making an Opening Statement let me welcome postmaster general, sometime last week we were preparing testimony and operational needs of the day and i found postmaster general im very thankful for the opport