Scooped all the bears. Thats where our road map begins this morning. The inflation picture, of course, is what were talking about. Weve got wholesale prices increasing less than expected, as jim just said. Two banks also lowering their rate cut expectations. Thats off of yesterdays cpi news. Were keeping an eye on big tech as well. Nvidia shares, theyre bouncing ahead of the open. Jpmorgan, lowering its apple price target, and you just heard from amazons andy jassy, saying so many Different Things, including the fact that hes committed to costcutting while investing in a. I. Plenty of other stocks to track this morning. Nike, airbnb, chevron, occidental. Well go through all the upgrades and downgrades. Lets get to the Broader Market here. First, lets get a reaction to ppi after yesterdays selloff on the cpi. There was a lot to like. I think theres a lot of confusion about these numbers. I find that whats happened is that yesterday, there were a lot of mistakes in the data. What do you
Come before the congress. This is armageddon. This is a very big deal. Trish end of the world . Really . When you have an opportunity to grow wealth via the stock market, via lower taxes . Republican congressman brian babin is here. He says the left has it all wrong on this one. Breaking oh night, according to reports Robert Mueller subpoenaed Deutsche Bank on russian probe. President trump has done business with Deutsche Bank. Does this have anything to do with russia or some other legal witchhunt . Gregg jarrett is here. We want to go to capitol hill with latest on tax reform fight. Where are we . Reporter were waiting on the senate to vote to go to conference. Then they will release a list of republicans and democrats that will take part in that lets look at video from the lunch took place between President Trump and republican leaders, jeff flake is Lamar Alexander there, talking with the president about moving the agenda forward. Here is what the president had to say first about t
Patchy fog this morning. Chilly out there. Eventually, though, it is going to be a warm afternoon, upper 50s to the mid60s. Here the storm track heading way up to or north, a few high clouds paying the north bay a visit right now but very cold numbers. Check in right now. We will show you fairfield, they are still at 30 degrees, livermore 34, san jose 40 and santa rosa in the mid30s, checking in 35. Also watching this fog bank kind of moving around here and you can see the low visibility reports in novato and up in santa rosa so that fog will continue to move around over the next few hours. Here is our live camera looking out towards San Francisco, out toward the bay bridge and mostly clear skies right now, just a few high clouds will kind of roll into the bay area throughout the morning hours. You can see starting out chilly this morning, 7 00 into the afternoon hours, a nice recovery, upper 50s to the 60s. In fact, our temperature is a nice line here from 60 to 61 to 62, 63 to 64, so
Last week. Then on monday that nearly 600 decline. Another 200 point loss tuesday before yesterdays big surge the dow is still down though. More than 1 this week. But the nasdaq has narrowly erased this weeks losses off by. 2 . I was on the floor of the New York Stock Exchange all week and its not just the crazy moves where we settle, its the intraday volatility. Everybody was bracing for a repeat of tuesday. They had this giant rally and it started to lose steam and everybody thought here we go again and then it charged back. A bounce . A technical bounce . The first day, looks like wow, this is great. This is great. Its slowly declined down 200 and the next day it looked like thats going to happen again. You know at the end its going to melt up this time tnchts question is what comes next. Looks like were extending those gains. Is that the bottom . Is there a place called youre going to ask me if its the bottom. We dont talk about the bottom . 50 chance of a bottom. It doesnt matter
Connell good day in new york on wall street. The dow was up. Even though some in his own party dont like the agreement to raise the debt ceiling exchange for harvey funding. They were buying on the dip we saw yesterday. Right now to another important and developing story. That would be Hurricane Irma. Its sustaining category 5 wind causing widespread damage. Already flooding in the caribbean, the virgin islands. Puerto rico getting hit. It could directly impact the bahamas and maybe cuba as a major hurricane the next couple days. We are concerned watching florida. The florida keys and the east coast of the state. The entire state of florida is under a state of emergency. We have time stamped this so you get to thursday as a category 5. Friday, and early friday morning, it may weaken a little bit. If it weakens to a category 4, how much of a turn to the east do we see . Does it head up toward georgia, and South Carolina and hit miami directly. Thats a question we havent gotten a real an