The lowest since october of 15. The road map begins with a rough week for retail. Nordstrom and penney are down this morning. Nbcs lester holt sat down with President Trump and well bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. Apple is taking aim at another all time high today and two analysts raising the price target. First up though, Government Data showing retail sales up 0. 4 in april. The strongest gain in four months and nordstrom beat on revenue and comps are down 0. 8. Penneys swinging to the surprise profit, but Revenue Misses on a 3. 5 decline in comps. Jc penney is going to give its all time low run for the money today. What can i say . Minus 3. 5 comps. They did talk about how march and april improved from february. Now, kohls said the same thing. There was a lot of etf selling yesterday. Really came off of macys. Ebitda, here 40 million down from 176 last year. Theres no growth and its really hard
Welcome to squawk alley. Joining me, mike santoli as both john forte and sara eisen are off today. Downgrade thats hurting the market somewhat. First up, lester holt exclusively interviewing the president after his firing of the fbi director james comey. Take a listen to what he said about that process and his decision. Regardless of recommendation, i was going to fire comey, knowing there was no good time to do it. And, in fact, when i decided to just do it, i said to myself, i said, you know, this russia thing with trump and russia is a madeup story. Its an excuse by the democrats for having lost an election. For more, were joined by jared bernstein, former economic adviser to former Vice President joe biden. Gentlemen, good to see you. Good morning. Good morning. Jim, we would like nothing more to talk markets, earnings and macrodata, but this washington, as cramer said, sideshow, keeps distracting the market. How do we tie what was said with lester yesterday as to how markets and i
Landing by the end of 23 but i dont know ive been wrong on a lot of things i could be wrong on this but thats our forecast which is recession in 23 joining us here at the nyse. Managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in 23 and chastising the fed and boe or what he believes is a mistake now. What we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflation was a concern and many had been beating the horn and further fueled by a lot of macro events, supply chain issues. Now, now that chairman powell has addressed it, he is going all out volker so we know one thing volker had to do was beat inflation back what he was handed when he took over, everyone thought that the job had been done and reared its head again and volker made sure and powell doing the same thing. All that thought there would be a pivot, theres not going to be a pivot. Theyll co
Macroeconomics warning, fedex is taking new action to shore up its bottom line. And House Republicans prepare to layout the agenda if the party is able to retake control of congress with just about six weeks to go until the allimportant midterm elections. And later on, pepsi relinquishes the super bowl halftime throne to one Little Company from cupertino it is friday, september 23rd, 2022 you are watching Worldwide Exchange on cnbc. Good morning im dominic chu in for Brian Sullivan lets check on the stock futures. With the dow and s p and nasdaq set to end the week sharply lower. Right now, futures are pointing to 157 point drop for the dow. S p down by 24 nasdaq down lower by 92 points on the bond market, Interest Rates are a big folk focus withe by the fed a hike in the 10year treasury 3. 717 2year treasury is the 4. 16 inversion is still taking place with yields are shortterm are higher than longerterm bonds. Right now, in energy, oil prices taking some moves here in stride what we
Fivestar rated money managers. That is a total obviously of ten stars worth of advice, and as the rates rise. Its kind of like a cnbc soap opera. If that tenyear bond hits 3 , what is it going to mean for stocks . What is it going to mean for housing . Maybe even for the auto sector as borrowing costs move up. Were going to explore that in a dramatic way today on power lunch. First though to sue at the nyse. Hi, ty. Lets get right to the markets after yesterdays big selloff. Were down today, but only right now about 21 points on the Dow Jones Industrial average. The s p just fractionally lower by about 3 points on the trading session. The nasdaq in the green, up almost 6. 5 and the russell is marginally positive. The tenyear will impact your investments, your house, your car, stocks, your spending, your life really, and right now we have the tenyear at 2. 839 . So were getting ten stars worth of advice. Greg fisher, manager of the five star rated Gerstein Fisher growth us as does matt