And European Council president , charles michel, for the 27th eu us summit at the white house later today. At the summit the eu is expected to try to lessen the impact of the us Inflation Reduction Act and its subsidies for electric vehicles. Theres also expected to be focus on ways to tackle global overcapacity of steel and aluminium and to promote Sustainable Production in a move against chinese steelmakers. Also on the agenda will be the Global Clean Energy economy, secure and resilient supply chains, digital infrastructure, ai and economic resilience. There is a lot for them to discuss. Joining me now from brussels is ian lesser, Vice President and executive director, at the German Marshall Fund of the United States. A warm welcome to the programme. Quite a significant agenda for those three leaders. First off, could you take us through the Inflation Reduction Act . ~. ,. , act . Well, the Inflation Reduction Act . Well, the Inflation Reduction Act act . Well, the Inflation Reducti
A bit late in the session. Im a ashley in for liz today. Major averages Holding Onto Gains and dow s p 500 and hitting intraday the dow hit ago key milestone and crossing 40,000 for the First Time Ever during todays session. Get out the hots and rise for 30,000 to 40,000 took 873 trading days to be exact. On the 4 of 2020. What starts have driven that 10,000 point gain. Dolled man zacks and 150 pointblank layupses to the dow and followed closely behind for microsoft, United Health and caterpillar. Posting top and bottom line beat and walmarts online sales rocketed higher by 22 . Impressive. Helped by households earning more than 100 per year. Also for the first time, the retailer saw its Delivery Business surpass store pickup in terms of volume. Value mart now expects to hit the high end or top its previous four year guidance and investors loving that news. Walmart also of course considered a bell weather of the economy. What is the retail giant telling us. Walmart analyst and ivan fin
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Lunch, everybody. Coming up, a tumultuous week for the world and for the markets, looking like it is going to end with stocks sliding throughout the day. Down more than 1 for the n nasdaq. The dow relatively holding better. All issues, weve got it all covered for you, all the issues investors like you need to know about. That includes bank earnings. Banks mostly strong. Netflix on deck for next week. Well talk to an analyst thats downgraded that stock ahead of results. Slippery patch of late. Lets check on the markets. Speaking of slippery watches the dow gaining on to a 29point gain. The s p down 23 point or half a percent. Like tyler said, the nasdaq down 1. 25 for the day and in the red on the week. The s p, dow, slightly in the green for the whole week. Lets get to the banks reporting. Jpm, citi group, wells fargo. J. P. Morgan up 5 at one point. Now citi, half a percent gain. Jamie diamond had cautionary comments well get to in a moment. We want to check on novo nordisk which rais
So pleased to have you with us this Beautiful Day to celebrate the reopening of ambassador and ritz hotel. Exactly this day has been a long time coming, and it is so wonderful to share with all you who help make it happen. As many know, tndc experienced a tragic loss with the sudden passing of our ceo. It is meaningful our first Ribbon Cutting without him is on the pavilion of this Historic Building. The bricks of the ambassador have witnessed pain, suffering and loss and they have also seen care, compassion, restoration and joy. We hold an amazing tenant talent show every summer where you all are standing and it is one of my favorite things about tndc. To preserve the life of the ambassador and ritz as supportive and mindful homes where people live and develop community with their neighbors and with the people that work here, this is part of mor ilo vision endureing vision providing stable homes for all members of our community. I like to read a few words spoken by morilo about the am