Jonathan krinsky, the path of least resistance, new highs. Are you on that page, too . Im on that page for now for sure after powells dovish comments, and i said this last week or the week before, after the market sold off a little bit, whats going on here . He put a flurry into the market and said no more rate increases. So if you were worried about that, thats off the table now what was jomo turned into fomo the joy of missing out as the market was declining has turned into the fear of missing out genl thats the narrative thats been constant for the last year, i think it is, and im the longest ive been in memory, actually, and its not because my memory is short, as youre about to say. Im glad you said it. Our viewers were thinking it im glad you confirmed it. I wanted to get that out there. I think moderation is in order here i actually think Inflation Numbers will be weaker tuesday and wednesday. Youre longer the market now than you can remember being . Yes, correct. Wow even in the
Band to 12 cents a share. From new york, alix steel with guy johnson, welcome. We are excited about the cpi and i have to say that did not change anything for me. I do not know if that move the needle for me. Guy it is the second month where the numbers are coming through. We have a claims number that looks like it is signaling that we have a very strong labor market. All of this points to the fact that there is more work to be done. Over the last few days the fed has abdicated responsibility for bringing inflation down to target and saying that the market is doing the work for it and may be the fed needs to step up and do more. Alix and then you see the eight to nine basis point move, the more that moves and maybe the less the fed has to do as this kind of yield filters through. Guy the fed is talking more about the long end but the front end signaling that the fed needs to do more. It is interesting, you look at the Inflation Trajectory in europe and the u. K. , both point downwards
Democrats decry President Trumps decision to block the Immediate Release of the democratic memo as politically motivated. Today, we are asking your thoughts on President Trumps decision not to release the memo immediately. Republicans can call 202 7488001. Democrats can call 202 7488000. And independents can call 202 7488002. And onal media cspanwj facebook at facebook. Com cspan. More on the president s decision to delay the release of the memo from the Washington Post today President Trump will not immediately release the democratic memo refuting claims itshe fbi abused Surveillance Authority host which he said game support for his claim that the russian , that the fbi was politically motivated. Johnng us by phone is bennett, the White House Reporter at cq roll call. Thank you for joining us. Guest thank you for having me. The result of this decision five the president to delay and review this memo as opposed to declassify what he did the republican memo . Guest i think the biggest t
Euro stocks have the longest winning streak. Old, flat on the day. The brent spread, could that blowout . There are rumors of a deal extension for more than three months. The morning brief, Goldman Sachs is going to lay out its plan to turn around the performance in its core bond trading unit. We get data for the month of july. At 1 00, the u. S. Treasury will sell 10 year notes. At 1 00, apple will launch a new iphone. That is coming up. The United Nations Security Council imposed sanctions on north korea as part of an effort to get the nation to stop its quests to develop Nuclear Weapons. Joining us now, marty shanker. The sanctions, but they watered them down. It is significant china and russia went along, but there are implications russia is helping china smuggled goods into north korea. There is no sign the sanctions are effective. Is there anybody who believes these sanctions will stop north korea . No. I dont think anyone is naive enough to think north korea will say we have had
Percentage point dax is slightly weaker, relatively flat as is the cac. Crude oil prices, crude Oil Yesterday was flat ended up by two cents this morning another 44 cents 55. 35 so wti above 50 a barrel. Back to the markets in a moment first the latest developments on Hurricane Maria. The hurricane making landfall on the island of dominica as a category 5 storm it is now weakened slightly within the past few hours to a category 4 thats the good news forecasters warn that maria could reach strength as it nears the Virgin Islands, puerto rico also in marias cross hairs. You know, when these hurricanes come, they come. This come in waves we are also following developing stories out of Southern California overnight a magnitude 3. 6 earthquake shook parts of los angeles it happened at 11 20 p. M. Local time dren residents as far away as costa mesa felt the rumble joseph, why never heard of costa mesa i called it so ed ied it cos, im mesa. Im a messa in the morning. Look at my script its thi