Lauren Technology Makes keeping up with work while out of the office easier but americans arent having it. The big lies we tell to keep our bosses from creeping in on our vacations p. It is wednesday, august 28th. Fbn a. M. Starts right now. Its all right, all right, girl. One day youll see. Youll never find a guy like me. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets take a look at how your money is moving this morning. U. S. Futures hugging the flat line, slightly higher if youre looking at the dow, up 18 points, s p up 4, nasdaq up 5. Cheryl watching the 10 year. The spread between the two and the 10 year yields inverted, kind of the worst numbers weve seen since 2007. The bond market signaling there could be a recession coming. Right now, the yield on the 10 year is 1. 48 , a gain of 8 basis points. So a little bit of a better sign this morning on that. Lauren futures are up. Major move continues to the upside in t
Same with the nasdaq up about 60 points. Close to 1 . Here is the big stock news of the day. To stand out retailers. Target and lows. Both did very well in the profit report earlier this morning and consumers have money to spend and their spending it. It is the giant retailers who are responding best to Amazon Online challenge. Look at the two stocks go. 70 up for target and 12 for lowes. That is valid. This is not a race, i will ask you anyway. How much do you have in your 401k or you are away . I hope youre one of the hundreds of thousands of people who have at least a million. According to fidelity, 196,000 have 1 million bucks in the 401k and 179,000 have a million in their ira. Those are Record Numbers. The u. S. Drone has been shot down over yemen, it was an in queue nine drone otherwise known as you reset. It is been a long time since this kind of incident and that is true today. Without going on in the gulf oil is up just 30 cents. Stay there place, the latest on greenland. Var
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now for the morning brief. At 10 00 this morning, we get u. S. E
They hit 105 there. Right now a heat advisory is in effect for the north bay, east bay and santa clara valley. After temperatures in those areas topped 100. Farther inland as an excessive heat warning for the Central Valley from redding to modesto and including fairfield. Some kids had the right idea. They were keeping cool splashing around in the water fountains at cesar chavez plaza. San jose saw a high of 98. Its hot. I was expecting it to be cold out here. In San Francisco, fans at the giants game left early this afternooof the heat. Some told us they moved up into shaded areas of oracle park from their seats in the direct sun. Elementary school in pittsburgh had to postpone the first day of school today because of the air conditioning there. It wasnt working. Families at highlands elementary received a notice informing them crews are working to repair the cooling system. The school is hoping to have it running by monday. Lets talk more about this weather with chief meteorologist b
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