Numbers and, of course, the payroll report tomorrow, which leads us to our talk of the tape we ask how results from apple and amazon right after the close of trading might drive the tape from here. Here to discuss all that is stephanie link, and malcolm etheridge, both are cnbc contributors both are here at post nine as well welcome. Hi. Steph, obviously, look, apple and amazon together more than 10 of the s p they matter for the index how the market reacts to the numbers. In general, in the context of an earnings season that has been strong relative to expectations, the mark kind of shrugged on some level, where do you think that leaves us as we figure out if this has just been a little bit of an air pocket in august i think it is a little bit of an air pocket, digesting the doubledigit gains we have seen across almost every indices. And i think august can be volatile maybe trade around, maybe to september, mike. But i think the economy underlying is pretty good. The Economic Data has
Doing which. And speaking of the consumer, the high end mostly holding up so far so good thats good news for taylor made, the company taking a big swing at athleisure. But we begin with todays markets and dom chu with the numbers. Its wait and see and you might suspect on a fed Rate Decision we are seeing a mixed market, but its fractional moves and not dramatically so one way or the other. Dow outpacing the broader market, up 93 points 37,908 the s p 500 down 16 points, about 1 3 of 1 . Even at the highs, we were down a modest three points and 22 at the lows so a wait and see type trading rake the nasdaq, 66 points to the downside for the nasdaq composite. 15,591 heres the current state of play for the macro market as we head into the big rate announcement later on, the twoyear note still above the 5 mark the tenyear note yield, 4. 655 there. Comex gold up to 2313 and bitcoin down below the 58,000 mark, down 4. 5 . And then the big cap tech trade, very much about earnings and the s p
power lunch starts right now. good day, i m contessa brewer, let s get right to it with boeing recovering after being down more than 3%. phil lebeau is following the twist and turns, what do you have. the reason they are rebounding is because ceo just wrapped up a conference call and said we re not cutting the dividend or scrapping the max, we still believe in it the questions that he received revolved around the latest time frame from the company saying it is mid 2020 when we expected the ungrounding by the regulators and why did they make that change here is calhoun talking about it. our customers who have really important fleet planning decisions to make, all of whom have reached out to me over the last couple of months to tell me that it s getting to be impossible can we please have something that we have a little more confident in and as you might imagine that has something to do with the new schedule. so what was the trigger why did they p push it back to midy
Former president obama and former Vice President biden gave tribute speeches. This is just over an hour and a half. Boston has given this nation some of the greatest leaders from john adams the john f. Kennedy and that is something that we are very proud of. Secretary kerry is in that same tradition. As a diplomat, he has called many places all. Home. Any places i do not know these been at any address longer than here. Thank you for being a boston voter. [applause] in case you are not committed, walsh is on the ballot. In all seriousness, the secretary is a true bostonian and a good neighbor. I secretary of state, he took every opportunity to showcase our city with foreign dignitaries. We know the impact of your leadership not only in washington dc, but on washington street. Not only in middle east but in east boston. Thank you. As a senator, you took on issues that were not easy or popular. Protecting the environment, investing in education, fighting for local and small businesses, gr
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of large numbers, but were talking a little more than 30 days one day, its actually going to be in the front page. You know, look, other than the president s tweets about it, you really dont no ones really focused on this. Theyre more focused on bitcoin, tesla. This is remarkable last night i did a piece where i had to stick my hands into the cake because its not baked in so i think we blow through the number the only thing in my sights that may be negative is that we are going to get a trade decision