We begin tonight with nfl commissioner Roger Goodell, breaking his silence on the flurry of Domestic Abuse cases surrounding some nfl top football stars. Goodell admitting he got it wrong in handling of the ray rice situation but he made it clear he is not considering stepping down. Lets bring in fox businesss adam shapiro. He was at the event today. Adam, a defiant commissioner in some regards. He was defiant. He kept talking about accountant and that he made a mistake but he is not going to suffer the consequences of that, other than the pressure he has received over the last several weeks to do something and part of the something the in fl will do is come up with a new code of contact by the super bowl. Well implement new conduct policies, cheryl. They will have a set of clear, transparent rules for league and Club Personnel and owners and players. My goal is to complete this bit super bowl. The big question people had, why has Roger Goodell not resigned. Here is what he said. He ac
Defeated by taking on the group. N syria sales rose at old navy, gap says it will open its first Branded Stores in india next year. Day two of the fed summit in jackson hole, wyoming. Interest rates our dinner conversation. Mike mckee has a chance to talk about this with current princeton professor alan blinder , his is the economy maybe at a turning point. The economy maybe at an inflection point. Not a dramatic inflection point. We are not jumping up to 5 , which i would love. If you think about the first half of the year, with the data we have, an average of 1 growth. The second half is looking more like 3 . I think there is a reasonable chance that that 3 chance carries over. Mike mckee is at jackson hole with more. Talking about 3 , how is that an inflection point, why would 3 be something we should be getting excited about right now . It is not so much the level itself, that level continues into next year. Quartersad some good followed by bad quarters. What alan blinder is talkin
Economicists and central bankers is the entire focus for one day. Decided to make it wonky and focus on the labor market. I would be quite nervous, the financial markets, for the next 90 minutes because the world and the dog thinks she will be dovish, push the time line back for raising rates, keep it back so we surpass 2,000 on the s p 500. Thats what the markets positioned, what will happen, and it makes me nervous. 28 record closes, up 14, amazing statistic. The market climbs a wall of worry. Its a belief the central bank is there for you, basically. A wall of worry. Thats been the belief for a period of time, and theres those who blame rises in all Asset Classes are starting signs of speculation. You got reits per yield, and yellen does, as you suppose she may, strike a dovish tone, simon concern she wont, but that is the market belief she will strike dovish. We have draghi and whats going on in europe. We do. As put yesterday, of course, dissented from the fomc in july, but the fe
Gets 8. 3 billion buyout. Roach and intermun on the buyout . New alltime highs driven by the possibility of more stimulus in europe. Just a few points shy of s p 2000. First up, tax inversions in the spotlight, not talking about europe. Burger king in talks to buy canadian coffee and doughnut chain timms. Both Companies Say a combination would create the Third Largest Quick Service chain, a deal structured to shift burger kings base to canada, which has lower overall Corporate Tax than the United States but some thinking this morning is that taxes may not be the driving force on this one. Look, i think that theres always going to be anytime, its a hot button, especially walgreens not doing the alliance and president and treasure secretary saying weve got to stop these. This United States a deal that makes a lot of sense. Burger king challenged at breakfast, tim horton doing fath f fantastic. Burger kings last few numbers, doing okay, theyre not as bad as they used to but flattish comps
Our Steve Leisman sat down with him live in jackson hole, wyoming. Stay tuned for this important interview. Was it a well deserved 17 billion fine . Or was it extortion . A former bank ceo says bank of america was extorted by the u. S. Government to the tune of 17 billion. Paying for the sins of Merrill Lynch and countrywide during the housing crisis. Even though it bought those firms to help stave off the economic catastrophe for the u. S. Were going to debate that state with our own friend, larry kudlow, among many others. Pretty impressive to watch the dow right now. Because it is up 93 points. Thats a session high. 17,074 puts it within shot after new closing high. Something the s p 500. Looks like it is going to achieve, up seven points to 1,994 today. That is the new intraday high. The prior intraday high was july 24th. It could close above 17,000 today. Anything could happen in the last hour. Nasdaq a little bit quieter up, up six points to 4,533. Joining us now, David Scranton