10 00. Yes, our 10 00 get, Peter Navarro, looking forward to that as well. First hour, lets get to our road map renewed trade uncertainties, of course, thats what were talking about just now, weighing on stocks. The s p is poised to pull back from that record as the Trump Administration now threatens new tariffs on the eu. And as jim just said, white house trade adviser Peter Navarro will join us, first on cnbc interview. News, news, news, news. It should be. Always enjoy having mr. Navarro. Plus, cook, absurd and dont match with reality apple ceo tim cook blasting reports of tensions with jony ive. We have in nike backlash, the Company Cancels plans for some sneakers a big issue, but some sneakers they were going to put out with an early version of the American Flag you know their Customer Base my father, his workshop, we went there 50 times, across the street, and i just i know the countrys a changed country, but that is kind of a proud art of the philadelphia tradition but hey, you
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit now but that was a massive explosion at an oil refinery in
Oh, yes, i. I know how you feel. Happy tuesda y. Once again, the white house has been caught editing the transcript of a biden speech changing. I was vp during the pandemic, too. I was vp during the recession. Theyv pandee even cleaned up se his videos, removing his mistakes. My names joe biden. Thank you. Oh, yeah. Edgyu. Michael cohen admitted he stole Tens Of Thousandhes of dollars from trumps business. His defenders say, howeverrom, that hes like robin hood. He stole from the rich and gave to the senator patty murray introduced a bill to mandate Auto Safety Testing with both male and female crash test dummies. You can tell the difference becausale in the crashes its always the female dummy driving. Its true. Cant argue with science. People saye a Scie A Pennsylvana resident dug up a significant amount of cocaine doing yard d work. Authorities had no further detailugs, but the guy got his long hair done in one eighth the time on. This day, 1932, Amelia Earhart flew her plane across
Weather is cool. I think yeah. Feeling a little chilly there. Weve got john kicking things off this hour morning. Chew that youre spying on friday. The 13th, i guess it makes sense. We are looking at a nice a bird rights view this morning, though. So not so spooky this morning, although we are going to see cloud cover increasing later on today. Golden gate bridge looks great. We got all the sunshine out there right now. That doesnt last, though. You are already starting to see an increase in cloud cover for sonoma and marin counties. Look at what we have to the north and west of us. Looks like a rainy afternoon right . Well, a lot of that rainfall is going to right past us. But for spots in mendocino and lake counties, you do have a few afternoon showers and some overnight showers just north of the golden gate. Now temperatures currently pretty chilly. We are in the 40s for some parts of the north bay, although were warming up elsewhere back to the 50s and 60s santa rose, youve got all
Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold with the firm hold. Fomc stalling for time, wells fargo.