Put. Confusing. S were of the titanic should we have been waiting for. The speech itself, im not sure the market is interpreted it. There is a very clear shift in the tone relative to the last policy meeting. Quite a dramatic tone. Backslide to expand how tightening is not really tightening. I think the hope was if you explain it that way, Financial Markets will not get into a tizzy. I did not read draghis statement on tuesday to be anywhere near as bearish as the market is taking it. I take it the other way. I think it is a signal from draghi that even if there is going to be further support and tailwind in the economy, the central bank is still there. Already late getting going. Jonathan so was eloquent or confusing . Is jim me from new york caron of morgan stanley. Guy lebas of Jenny Montgomery. And Margaret Patel, with the wells fargo asset management. Quote itselfthe from mario draghi. These are the words that seem to move markets. As the economy continues to recover, a constant p
Welcome to power lunch. Im michelle carusocabrera. The major averages are lower kicking off the busiest week for earnings but the s p tracking for its best monthly gain since february the nasdaq was on track right here, yes. Best month since january oil pushing higher, crude prices up more than 1 . We keep show l well get to that. Financials carving out small gains, utilities and health care lagging, j j, home depot, the biggest losers in the dow right now. Some of the big movers pandora higher on news of state pajama makers, maybe not blue apron, we finally get it, soaring on positive comments but hasbro is tanking. A deeper dive on these stocks straight ahead here on power lunch. Thank you, michelle. Im tyler madison. Waiting for Jared Kushner to make a statement at the white house after his session with the Senate Intelligence Committee Earlier today. We are also waiting for the democrats to unveil what they are calling their better deal for the economy and for americans at an event
Im bill griffeth. On track for another record close. We came within 12 tantalizing points of dow 22,000 this morning. Weve since pulled back and the s p is trading close to its record levels. Grasso would know what that level is, that record, but well goat that in a few minutes were about a point away. Thank you youre welcome. Coming right up, apple has certainly been a big catalyst in the dows rally this year, but can it last . Coming up, we debate whether you should buy or sell this hot stock ahead of its Earnings Report which is due out today after the close. I love it when i get to be here for apple. Youre here every time we do Apple Earnings just works out that way. And President Trump is set to host a Small Business event at the white house called Small Business, the engine of the American Dream as son as it gets underway well take you there briefly live. What the president has to say on what has turned out to be another newsy day. The dow is inching ever closing to that 22,000 2
The latest vote suggests the no count has taken the lead. Shares in ricardo trade higher despite a fall in profits. Chinese stocks hit a high as weak numbers suggest beijing will step up with fresh stimulus measures. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Good morning. Welcome to the show. Were just getting the report through that we had expected from the International Energy agency reporting that oil prices, quote, fell sharply in august. As we know, wti declines by 6. 32 to 96. 08. Brent down to 4. 79 to 103. 40. It says a slowdown in demand growth in the Second Quarter caused by a weaker outlook for europe in china underpibed those downward revisions. It said compared with a year ago, Global Supply was 810 thougs barrels per day. Referencing geopolitics, the iea said while conflijt in iraq and libya show in signs of abating, prices remain muted, that because of weakening demand growth and supply. We will be talking to the bnp s
Wrong, given there are several members of the board of governors. On airplanes today. Michael mckee is on an airplane today. Jackson hole they will argue about all of that there. It looks like not a lot will change out of jackson hole, but everybody is talking about the future of Monetary Policy. We get the Weekly Mortgage numbers. Up down, up down, up down. The fed releases minutes from the june meeting. Several. Some. [laughter] words, syllables. We will try to glean what they are going to do. We suggest it. We suggest. [laughter] it will be an intellectual exercise for all of us. Fed watchers. Of any come out . Have any come out . 5. 2 billion for the second girders quarter. The other one that has just come out is lowes. The secondbiggest homeimprovement retailer. Profit beat analyst estimates. Forecast isr sales up 4. 5 versus the consensus of 5 . Do they just underperform home depot every quarter . This is the 30th consecutive quarter that home depot sales have exceeded lowes sale