Them could impact the business world. And a new peek at the hyper loop. 060 in 1. 1 seconds. Phil lebeau is there and well have the latest del tails. Holy cow. Plus the governor of North Carolina will join us to discuss the impact of that controversial bathroom bill thats caused hundreds, from businesses to boycotters to ban his state. Take a wlook at all of the names being dragged down by macys. Sales missed expectations and also slashed its outlook for the year. That is its fifth straight Quarterly Sales decline. Rick snyder who had a hold rating on macys. We saw this take the whole sector down. Is this telling us how the consumer or brick and mortar is doing . Im not sure it is necessarily about either. I think it is about categories. And i think a lot of it is about weather, kelly. We havent had seasonal weather now for about a year. And i think if we can get a good cold winter the stocks can pick back up. You are telling me that 15 drop is on weather . If thats true that would see
Also we have some earnings. Chevron, exxon mobile, murk. U. S. Equity futures at this hour, little bit of a mixed picture. More the most part down. S p 500 down 2. 5 points. Nasdaq is looking up. Were going to talk about some of the tech earnings last night. Markets had trouble all week. Remember the herald ham remember during that convention. Right. Just about the trump rally. Just about seems like every day we went up. The more that comes out of phil philly, the more the market is running. Maybe its coincidence. There were earnings. They were good except for ford. Other real things that happened in the world. The greatest thing about the market. The dacaterpillar. You can come up with any explanation you like. Just not for nothing, but i dont know. What its worth, its raining out today. Maybe thats it. I dont want this tournament to get rained out today. Hate that when they have to play 36 holes on a saturday. Maybe not. Its early. People arent teeing off yet. Youre talking about the
Young and sfgovtv members for covering this meeting just lost the names please silence any devices that may sound off during the proceedings. Items acted upon today will appear on the september 20th board of supervisors agenda unless otherwise stated. Call item one. Wages for the loading and unloading of materials products for special events on City Properties for city vehicles so for to you purpose. We have supervisor Wiener Officer who is the sponsor. Good afternoon supervisor farrell and im from supervisor wieners office before you is legislation that will help to insure the folks behind the scenes making the events the success those are folks that upload tables and equipment and the likes and we want to make sure their do paid a fair living wage while doing that work the board of supervisors has been consistent with the support for prevailing legislation insuring the work done on city permits it held to a higher standard with a fair living wage that supports families with a quality
I want to hear more about the Fabulous Four from the fed. A busy day at Morgan Stanley in tokyo. Francine, are the many articles of mystery of why the yen is stronger. The most sophisticated prose. There is a mystery to it. John letter says they were talking about these trades and he himself cant figure it out. We will delve deeper into that. First, lets get to bloomberg first word news. Here is vonnie quinn. David cameron is acknowledging he had a stake in an offshore fund set up by his late father until six years ago. Cameron has been under intense pressure to provide details of the interest in the holding find it since it was mentioned in reports after the disclosure of the panama papers. Cameron previously said only that he, his wife, and his children hold no offshore accounts and one that in the future. State john kerry is in baghdad at this hour on an unannounced visit. He is meeting the iraq Prime Minister and others. The trip coincides with military advances against Islamic Sta
Many earnings. We are seeing the nasdaq with the lows of the session with the facebook effect dissipating. It was off slightly lower. All three major averages now the lowest of the session. Unless something really, really dramatic happens in the next 24 hours today we are matching the secondlongest bull run ever for u. S. Stocks. Tomorrow we will have surpassed it and be the secondlongest bull run ever. Here are the longest. The white line is the current run we have had a goes back to march of 2009. Then you have the run in the 50s and you give the run in the 2000s. Those of the various bull markets we have seen. This is the second longest stretch we have gone without a 20 decline or more. Turning to some of the other assets. We saw the movement in the dollar after the bank of japan did not move in terms of adding or stimulus. The dollar going sharply down. It looks even more sharp if you look at what happened versus the yen. If you look at the trade versus the japanese yen, the dollar