In the u. S. At the same time, though, this overseas weakness dessimates the International Worries and its a world turned ugly where we dont know a winner from a loser unless it reports outstanding or terrible earnings. A good number can inch your companys stock higher. A bad one and its katie bar the door. So where will the door be barred next week Going Forward . First up on monday, we hear from estee lauder, which, with its Makeup Products has become the worldwide package good company. Amazing. I know its difficult to fathom owning stock that has 30 times earnings but when you repeatedly post surprises, portfolio seeking growth buy your stock at any price. Of course, we saw what happens if you miss in cosmetics. However, estee lauder is much Higher Quality and i think it can, once again, trump the estimates even as it has moved up in tandem with its own excellent earnings performance. I wish i could say the same thing for this guy, for the retailer that reports after the bell monday
The slide puts renewed pressure on gulf markets where the losses of benchmark indexes across the region. Fixing up financials. We delve into the world of distressed assets with j. C. Flowers. Thats in half an hours time. If youre just joining us in the u. S. Good morning to you. Take a look at futures. We could be in for a rough ride on wall street. The dow indicating a 300 point move. Nasdaq significant nagle a 441 point move. This as the dow lost about 520 points on friday. That was the biggest one day decline in four years. Just take a look at how u. S. Markets closed. The dow, the nasdaq, russell 2000 are now in correction territory. Whats really interesting about the moves that we saw on friday is its not just the dow that is under pressure but its really across the board. The s p 500 well below 2000. A key psychological level that traders watch. Its the fundamental and technical story that analysts are voicing concern over. And the nasdaq. This has been the index that investors h
Market impact on Hurricane Harvey. 5 , the futures up highest level in two years. Texas is the largest cotton producer in the u. S. The next two indexes are interesting as far as what is being mortgagebacked, products or production. The higher this goes, the tighter we see the Product Market. The second is the vti versus signifying more production in the u. S. , meaning lower as it comes down. In texas, floodwaters overwhelm houston as Tropical Storm harvey inundatess texas, southeastern texas. Us is our commodities managing editor. In terms of the houston damage, this is unprecedented. If you are familiar with houston, this is a place that tends not to take water terribly well. In terms of the industry itself, we are starting to see refineries shut down as the storm moves west to east. Alix as far as the refineries shutting down and crude reduction, that is well known in the market. What is not talked about as much is how important crude exports are two men support. To mexico. They ha
To be. In fact a very good week overall. The ten year note yield hanging in there not really that much of a reaction to those jobs numbers despite the fact that it does appear to be coming down that being a percentage for continued fed tightening as you see wti and brent crude gasoline prices are a big thing this morning growth slowed more than expected stock futures still pointing to the higher open. Plus a retail bright spot shares of lululemon jumping 6 strong same store sales and strong online sales. And Hurricane Harvey infrastructure hit ports are closed refineries and gas stations are flooded. Also new warnings from a flood damaged Chemical Plant were going to start with the u. S. Economy which added 156,000 jobs in the month of august. That was less than expected as the recovery did appear to slow a bit. The Unemployment Rate ticked up to 4. 4 . All three major averages in the stock markets at least coming off their first across the board august gain since 2014 and futures are
Already. I have enough people begging me for negatives. Dow gaining 20 points, s p rising 1. 2 , nasdaq advances. 0 i feel like i got to lay out some worries and woas. Now told you how erin tweets dysfunction tax policy, the rocket man create a hideous back drop at any moment something yelling out of contractor like Interest Rates and rock step that will be a real blow to the bull cause. But those are all big think issues kind of thing that drives me a little crazy steams me because its total thumb sucker journalist since were casting it requires nothing thats out or even like homework, im letting the others naval gaze im covering my with a tie my daughter got me, and a tshirt underneath if there was one thing i learned at Goldman Sachs is you have to preserve your dress shirt with a tshirt. Now youve learned something from today little different than what you came for its always worth considering things from the bearish point of view i want to play definitelys advocate that hits the r