Welcome to squawk alley. Im Carl Quintanilla live with Morgan Brennan at post 9 of the New York Stock Exchange. Jon fortt has the morning off. The markets have lost some gains as all eyes are turning to jackson hole Steve Liesman is there as the feds twoday annual economic symposium kicks off. Hey, steve hey, carl this is from our icon. But the september fed fund futures has now flipped from a small probability of a 50 basis point cut in september to a small probability that the fed remains on old just to be clear, a 98 probability that the fed does cut by a quarter, but it was like a 2 probability of a fed now its a 2 cut that the fed remains on hold in september maybe some of that coming from the sort of hawkish talk or less dovish talk weve gotten from two Federal Reserve officials here in jackson hole so far. I say so far, because theres a lot yet to come. Ill get to that in a second before we get to that, i want to show all of this sort of emphasizes the challenge of Federal Reser
We have you covered. Ed starship goes further and faster, spacex loses the vessel during reentry. An unprecedented technology breakthrough. Caroline we get to check in on the tech earnings and sit down with the ceo and push ahead to results up with the belt. Lets check in on how these markets are performing. We are flat on the nasdaq and the benchmarks more broadly. This is a day when we focus in on economic data. Keep an eye on 10year gilts come at one point pushing up 10 basis points. 4. 28 . Why are costs rising . Some of that data showed hot inflationary pressures. Also a lackluster economy more broadly looking at retail sales. All of this darling back expectations for a bit cut to becoming as soon as june or july. We keep an eye on what is happening in europe and we have dovish sentiment from members of the ecb. The u. S. Dollar is rising above all of the g10 Currency Pairs with the euro is lower because of the dovish tongue. Have a look at what is happening with bitcoin, we pair
Whats happening. In fact, its throwing people off because its too much of a concept. Now that we finished earning system. Ive been thinking about it. Ive been thinking about what to take away. Its the way we report on stocks. All of us. Its not working anymore. Its failing us. Its too quick, too inconsistent. Too unrepresentative of a companys work. Its causing people to make false judgments that are false wrong judgments and we have to stop. We have to figure out whats going on with the terminal. Because we need an approach Going Forward if were going to make oney. The breaking news surrounding lowes and home depot and you know both of those companies thats why these will be so closure. Early morning both were widely on the lines especially their forecast. Within a few minutes, there were several negative stories and we all know they were all ai. These stories were not false sort to speak. They correctly compared the numbers with the assessment. They failed to have an explanation. A m
Front lines of our nation and bringing us together in this important fight. It was an honor to be with you today and thank you for the honor of joining us today. So good to be here. Good morning, everyone, i hope you are able to get caffeine in your systems, get your blood flowing. I do want to acknowledge all the media that has been with us the last four days. We appreciate all your coverage and everything you guys have done for us, so thank you guys for being here. We would like to follow that fireside conversation with the honorable and newberger by taking an indepth look at the future of cyber. For our next session, 2020 four and beyond, the hard road ahead, we have invited a distinguished group of experts to look at the topics through multiple listings. Moderating this discussion will be the former cio nasa. Our featured speaker for this conversation on the road ahead are dave frederick, assistant Deputy Director for china, National Security agency. Eric goldstein, executive assis
Helping schools. That sets an example of how we each do what we do best, but we do it together in partnership with the measure to say, every kid in america is safe when they go to school. That joint measure of our goal together and individual work is what so inspiring and what is aspiring when we see everybody here together at the conference. So its exciting to be here. Thank you. Thank you for the conversation today. Thank you for your service. And thank you for being on the front lines of our nation and bringing us together in this important fight. It was an honor to be with you today and thank you for the honor of joing us today. So good to be here. Good morning, everyone, i hope you are able to get caffeine in your systems, get your blood flowing. I do want to acknowledge all the media that has been with us the last four days. We appreciate all your coverage and everything you guys have done for us, so thank you guys for being here. We would like to follow that fireside conversatio