Of life for native alaskans. This is our garden, our Grocery Store, you know, its kind of hard to say if our younger generations will be able to do what we do. Ifill good evening. Im gwen ifill. Woodruff and im judy woodruff. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff our lead story tonight there was new fallout from mondays Mass Shootings in the Nations Capital city. Orders went out today to review security, even as the investigation continued at the scene of the crime. Steppedup security was still in evidence at
We break the rules. Didnt make them stay in the guest house . Well just joking. He really sounds rich, doesnt he . I dont know how you created this whole sort of you were born with a silver spoon, im sorry, in your mouth. So great to be back from vacation. It is past 6 01. You said that before 6 01. Lets start with the markets on first trading day of august. July was the best month for stocks since january. The s p has now turned in 8 positive months out of the last 9, going back to november. As for the fear level in the markets, volatility actually dropped more than 20 in july, so people got pretty complacent. You can see the vix at this hour trading just about 13. 5. The best performing sectors last month were health care, industrials and materials and yesterday the markets barely budged. Pretty active trading day. Watching at one point, the dow was sitting at a new intraday high in the middle of the day. Traded all the way up to triple digits before closing down by less than a point
Reporting a 57 drop in Second Quarter profit as production slide. Change of feelings in j. C. P. Bouncing back after falling yesterday. The retailer refuting published reports about cuts in its financing. And whole foods beats on earnings but the sales growth misses expectation. Well talk to the coceo walter robb later this hour. First up, coming off an upbeat july, futures show a strong august adding to the positive sentiment, claims lowest level since early 2008. Not participating, though, is exxon. The dow component with an earnings miss. Profits falling 57 in the Second Quarter. The Conference Calls not until 11 00, jim, but there were no big onetime items. A little confusing . Exxons become a very plodding company. I always like to rate the Oil Companies by the Production Growth because in the end the companies can be growth stocks. Eog, how can you compare the two . Were a Global Company but you get lots of cash generation from exxon. You got 4 billion in buybacks. They spend for
Melissa right off the top, the new treasury or fed nominee will be former Larry Summers. What will he mean for your market and your money . Gerald odriscoll, former Dallas Federal Reserve Vice President joins us with his take. What do you think . I dont think it will be a big change. I dont think it matters much for Monetary Policy which candidate, yellen or summers got picked but i think it may matter for regulatory policy. Melissa why . Summers is perceived to be and i think is, pro large financial institutions. He thinks theyre good for the economy and efficient. Right now theyre getting roughed up by regulators and i think he might ease off on that. Melissa everyone is assuming this would be good for the big banks but do you think that is a safe assumption . We have a lot of evidence in that category. Larry summers if nothing else he is unpredictable. He goes with what he thinks at all times and youre not always sure what that is. Yes. I agree with you. But i certainly think that,
Melissa right off the top, the new treasury or fed nominee will be former Larry Summers. What will he mean for your market and your money . Gerald odriscoll, former Dallas Federal Reserve Vice President joins us with his take. What do you think . I dont think it will be a big change. I dont think it matters much for Monetary Policy which candidate, yellen or summers got picked but i think it may matter for regulatory policy. Melissa why . Summers is perceived to be and i think is, pro large financial institutions. He thinks there good for the economy and efficient. Right now theyre getting roughed up by regulators and i think he might ease off on that. Melissa everyone is assuming this would be good for the big banks but do you think that is a safe assumion . We have a lot of evidence in that category. Larry summers if nothing else he is unpredictable. He goes with what he thinks at all times and youre not always sure what that is. Yes. I agree with you. But i certainly think that, bas