We lower on the douby just 6 points some individual stock moves on the final trading day of august to hit check out ulta beauty on track for the worst day ever down around 30 after missing on earnings, revenue, estimates for the fullyear guidance also coming in light blooming brands seeing a spike around 2 00 p. M. After Jana Partners to take a 9 stake in the company saying in a filing it believes shares are undervalued and intends to have discussions with the company about a possible sale. Nearly 8 pop there. Shares of lions gate falling on a report of comcast dropping starz. Comcast is parent of cnbc. Joining us for the entire hour, final hour of the final month of trading for final day of the month of august is mark tepper to these individual stock moves like an ulta, wilfred mentioned target up 25 , ulta down almost 30 . Why are these such severe reactions to earnings, these reratings of the stocks individual story or the Market Investors are concerned overall about just carrying r
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma
There. Then we have Climate Change, oh, it will be front and center later today, alexandria ocasiocortez and Bernie Sanders will introduce a resolution declaring a Climate Emergency, they demand a large scale mobilization to restore the climate for future generations. No details yet and we dont know how different this will be from the original Green New Deal, but its sure to be a radical plan which will move the democrats even further to the left, and it will put Climate Policy right into the debates and the 2020 election. Its really great to be back. My thanks to david and ashley, really its great to be back. David and ashley and all my colleagues for their hard work while i was away. Weve got a big show for you this tuesday. Varney company is about to begin. A line drive off the top of the wall. There it is fires the bat up, and hes your home run derby champion of 2019. Stuart new york mets rookie won the home run derby last night and he hit 57 home runs, with 23 coming in the final
new reporting shows jack smith is relying on the facts, and not the fury. also this hour, departed trump or not, a new litmus test in the republican class for the nomination. we ve heard the president before, but doing so again presents a further danger to democracy. we re gonna ask the story of michael beschloss. and i sit down with actress, eva longoria, making her flaming diva debut. this is american voices. we begin this hour with donald trump and his allies, trying to deflect attention away from his decision to keep government secrets after his presidency. we have heard these excuses before, trump is relying on the same old script, distract with baseless claims of a witch hunt to stop the movement. it was today, again, on his knockoff version of twitter. following special counsel jack smith quote, the range, saying the indictment is fake. make no mistake trump s sex is social media grants are a sideshow. on the other hand, this he is relying on the evidence. with a 37 co
menendez. as we begin this hour, action in the face of distraction. the bluster and bombast of donald trump s new reporting shows jack smith is relying on the facts, not the fury. also this hour, departed to pardon trump or not. a new witness tests in the republican quest for the nomination. we ve pardoned a president before, but doing so again presents a further danger to democracy. we are going to ask historian, michael beschloss. and my sit down with actress eva longoria, making her flamin hot directorial debut. this is american voices. we begin this hour with donald trump and his allies, trying to deflect attention away from his decision to keep government secrets after his presidency. we ve heard these excuses before. trump is relying on the same old script, distract with baseless claims of a witch hunt, to stopped stop his political witch hunt. on his knockoff version of twitter, calling special counsel jack smith, quote deranged, saying the indictment is fake.