Full Team Coverage all over the conference calls, and well bring you the headlines as they emerge and thats where we begin tonight. Starbucks tumbling on an earnings miss. Chipotle volatile after hours on another mess, and visa holding steady. Now, weve had results this week, of course, from big tech, banks and now consumer stocks. Have the earnings or do the earnings justify where stocks now trade . Thats a great question, simon. I havent asked you yet. Guy, lets start with you. Well, were you sort of looking at me, i apologize. False start, false sglarlt can we try it again are. Just start from the beginning of the show. Appreciate that, simon. Thanks for asking. Listen, the earnings once again have been a mixed bag. You mentioned chipotle. I can give you a microsoft on the other side which was outstanding. You mentioned ibm, there was Goldman Sachs that had a great quarter. Earnings absolutely do matter. The question is does the economic environment we find ourselves in justify what
A slightly lower open. European markets have, well, weve been hearing from the ecb although not much action, there it is, at least the equity markets at this point lower, though fractionally so you have to say. How is the 10year note yield doing and crude oil, theres a look. 1. 6, 1. 6. Wow. Things are getting crazy there. Crazy. Wti you can see is right around 45, 50 or so this morning. Lets get to our road map. It starts with day four of the Republican National convention in cleveland. Ted cruz was booed, mike pence delivered his speech, and they are gearing up for trumps speech tonight. We will go there live. Elon musk is revealing his master plan for tesla. Part two, by the way. How realistic are his bigtime ambitions for this company . Qualcomm, intel, ebay, southwest, and more, all are on the move this morning after earnings. In fact, i mean it goes on and on biogen, travelers, american express. We will try to get to all of them or as many as we can, give you the numbers you need
And shes tied with Bernie Sanders in tomorrows all important primary. She is in the fight of her life. And bernie, he says he keeps going no matter what. It will be a contested convention, he says. Democrats divided. Trump needs damage control and, maybe, does janet yellen. She speaks today and how does she raise Interest Rates when the report shows an economy in deep trouble. And lest we forgot today was dday, germany surrendered. Varney company is about to begin. Lets start with this, dramatic new video from ukraine this morning. Police theyre dragging him out of the pan van there and pulling him out of a car, a suspected terrorist. This guy and others, i believe, were planning attacks and look at the weapons. Ashley thats what they found in the back of his van. Apparently, Ukrainian Intelligence Agency has been following this guy since last december. They allowed him to purchase five machine guns and two rocket propelled grenades and a cache of weapons including a ton of tnt. Could
Reserve chair janet yellen did not say when a hike could come. Backing off comments she made just a few weeks ago. Last month she said rates would move up again in the coming months. Today she dropped that reference. She also said she and her colleagues will wrestle with last weeks weak job data when they meet next week. Investors liked the sound of that because it suggested that a rate hike is now off the table. Dow jones industrial average up 113 points to 17,920. Nasdaq added 26. The s p 500 rose 10 to its highest level of the year. Steve liesman has more now on the fed chairs workout. Reporter fed chair janet yellen said in a major speech the fed remains on track to raise Interest Rates. But reacting to fridays dismal jobs report declined to say when that rate hike might come. If incoming data are consistent with labor Market Conditions strengthen and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be
Reserve chair janet yellen did not say when a hike could come. Backing off comments she made just a few weeks ago. Last month she said rates would move up again in the coming months. Today she dropped that reference. She also said she and her colleagues will wrestle with last weeks weak job data when they meet next week. Investors liked the sound of that because it suggested that a rate hike is now off the table. Dow jones industrial average up 113 points to 17,920. Nasdaq added 26. The s p 500 rose 10 to its highest level of the year. Steve liesman has more now on the fed chairs workout. Reporter fed chair janet yellen said in a major speech the fed remains on track to raise Interest Rates. But reacting to fridays dismal jobs report declined to say when that rate hike might come. If incoming data are consistent with labor Market Conditions strengthen and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be