Picture. Goldmansachs expects the fed to begin easing in q2 of next year. Also ahead, were going to talk about what is next for the tech sector. This is in the midst of whats been a rough august at least so far. Were down 7 month to date. And letter x Surging Company rejects an unsolicited takeover offer from its rival, cleveland cliff. Lets get some other news, though, as well, as we start the show paypal has a new ceo whoa. Yeah. Alex, who currently runs the Small Business and selfemployed group for intuit, is going to take over from paypals longtime ceo dan shulman on september 27th according to members of the board a little earlier than expected they conducted the search for paypals new ceo shulman will remain a paypal director until next may. Chriss being hired was a result of the process where the board interviewed nine ceos. They reduced that pool to four candidates and then they chose mr. Chriss members of the Board Selection Committee tell me he impressed them with leading a d
Ever so slightly, he can see the dow up 12, the s p downtown, the nasdaq down two tenths, Global Growth underway as chinas property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board ecommerce giant ali baba njd. Com among those moving much slower today as well as ev maker nio, kneel down down 7 , at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. Many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. That is the fear. In a rare move Cybersecurity Firm Palo Alto Networks is reporting after the close of markets today, the stock is up 1 , could a friday afternoon Earnings Report be an omnibus sign for palo alto yet market, there has been a lot of speculation we will find out soon enough lets get
Speak. Numbers will move around this morning. Dow would open 150 points off. Nasdaq down 60 s p would open off 18 points treasury yields. 10year treasury at 4. 223. It moved up. 2year treasury at 4. 96. As joe mentioned, in the last half hour, fitch warning it may downgrade dozens of banks. The Agency Cutting assessment of the Industry Health in june. Fitch rating stating if the industry is downgraded again, that translates to negative reaction fitch wants to significaal that downgrades not a foregone conclusion he will join us in the next hour to breakdown what with is happening here. Im looking for a trade, courtney i dont see it yet home depot is saying things are crappy in line with the crappiness they talked about you saw it yes fiscal earnings down Single Digits you want to go through the numbers . I dont know if the stock is impacted by the comments exactly we knew they had been looking for the year of moderation fiscal year earnings down it could. Home depot is reporting earnin
Plus, well talk the state of electric vehicles as ev maker vinfast goes public via spac. We speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. Well bring you the latest reporting on that matter. But first, we dig into these markets. We look at here in the us, strong Economic Data over in china, a slowing picture, and we try and marry it all together as well as whats happening in the uk. From a macro perspective perspective, the numbers are so strong here in the us. When you look at retail sales rising, more than expected, what does that mean for a Federal Reserve that has to keep on perhaps pushing back against a very Strong Economy . Were off by half a percentage point. The nasdaq gets hit. In fact, all the major benchmarks here in the United States. On the lower side. Interestingly, though, were buying the dip when it comes to bonds. Weve seen, of course, the yields push higher over the last few days. Notable when were thinking about
I am jack hal in for jack otter. Summer blockbusters breaking box office records. We see a Movie Theater revival, all ask imax ceo richard golf on to get his take on whats driving the industry in a glimpse at some upcoming releases. Then new obesity drugs are showing Health Benefits beyond weight loss. Will look at how the positive trial results are putting pressure on insurers for coverage. Later, a spinoff loophole that could make ordinary investors a quick 1000, yes please. We began with three things investors out of think about right now. The market ended mixed as tech stocks taint. July inflation rose slightly 3. 2 percent but up from the month before. Espn make it a big move in the world of Sports Betting, the company agreed to a 2 billiondollar deal with pain entertainment to create espn. Will look at the odds for stock investors to profit. Tesla cfo is leaving, the cyber truck is coming. What both of those mean for shareholders. On the barrons roundtable. My colleagues ben levi