For it and so will the country. Look what is happening at the corner of wall and broad. Were up 266 points. Were going a long way to make up for the ground lost yesterday when the perception was that Federal Reserve is one and done. That may be case but no one at the Federal Reserve has dialed things bet but the betting is well see another cut in september. It is running 60 or so, incentive building for additional quarterpoint cut. None of that telegraphed by anybody at the Federal Reserve. You can interpret Jerome Powell at your own risk any way you want but right now that seems to be comforting sort of reversal of yesterdays advance or todays advance versus yesterdays free fall. Lets go to blake burman where things stand with the white house view on all of this. Blake . Reporter it would be comforting for the white house as well as they are calling for more rate cuts and more drastic action out of the Federal Reserve. Normally you wouldnt get any white house reaction to a major fed m
Percent yesterday. It has been dragging on indications that the president cited them as being kind of phony. You say youre with us with the war on terror but youve done more than enough to complicate our venture there. President trump is going to phoenix thursday night. The mayor of phoenix said president not to make the trip. A number of protest groups are expected. Those attending and protesting, that the temperature is expected to be north of 100 degrees. Might be a dry heat but it is still hot we have former speaker of the house Newt Gingrich, bestselling author on the side. You were complimentary of the speech, reaganlike, complimentary terms. I wonder after a speech the president can step on headlines or at a Campaign Rally or tweeting something that might take away. So far so good. What do you think . So far, so good because he hasnt done it. It will be fascinating to watch him tonight in yuma, and then in phoenix because he had a great speech last night. I thought it was an his
North korea discloses they detonate ad hbomb after 1. 5 nuclear earthquake was reported near its test site. Experts are skeptical that a Hydrogen Bomb was tested, the white house came out and said they dont believe a Hydrogen Bomb was tested. Markets are perhaps using this as excuse to sell into into the market. Fresh footage shows isis lab in syria where terrorists constructing heatseeking missiles and driverless car bombs. Fourstar general jack keane and blake burman live from d. C. Start with blake who joins us from the latest on the north korea situation. Blake, were hearing from the administration. They do not believe this is deadly hbomb . Yes, indeed, trish. White house is simply throwing cold water on north korea claims that it successfully tested a Hydrogen Bomb. North korea made the surprise announcement on state television earlier today, calling it at one point, a hbomb of justice. White House Press Secretary josh earnest said moments ago the initial assessments elsewhere sh
Earnings. Disney, groupon, potbelly. I have never been in one. The sandwiches are keller. Killer. They are not exactly the healthiest. Road trip. Lets do a road trip right now. Equities, bonds, currencies, commodities. Futures, 3. Euro is weaker. To 98. 43 four nymex crude. On to the next screen. The vix. The ruble i am watching carefully. 35. 79. That is a weaker ruble over the next few days. Lets go to the ruble a look at the putin litmus paper. Here is the angst. Weaker ruble. Then they do better. They reverse. 80 of the better news. In other words, your dollar buys more rubles. Strengthening dollar, weakening ruble. That is a big deal. Of troops. G we have not been talking about it. We have been talking about the middle east. Gaza, iraq. That brings us to our front page. The newspapers and the webpages. Lets give you an update. A 72 hour ceasefire begins in gaza. This is the latest attempt after four weeks of fighting. Israel has pulled out all of its troops because it has complete
Prosecutors want to know more about the General Motors subprime auto loans. Gm is cooperating. Says russia now has 45,000 troops and hundreds of tanks on its border. The ukraine says they are making gains against russian official. Front, the corporate coach investors waiting for a sign of a turnaround and they have a glimmer of hope. Ae handbag maker reported smaller drop than expected, but michael kors is still eating coachs lunch. Julie hyman, what is coach doing right . They hired a new designer almost one year ago and the reception from the Fashion Press has been pretty good. It is not clear if customers will buy it. That will come in the next couple of months. Coach did post a drop in comparable sales of 17 , but 21 was predicted. 7 , butrevenue was down again, not as bad as predicted. For many dominant years and sort of rested on its laurels. The designs were getting kind of tired. That is part of the issue and always a risk when you are talking about a fashion company, whether i