Economic slow down then theres china upping the ante in the on going trade war out with a new warning for President Trump, aka the chosen one. Those details coming up next and the president targeting an American Business yet again. This time taking on big auto it is thursday, august 22nd and Worldwide Exchange begins right now. Good morning and welcome stock futures indicating the dow will post maybe just some fractional losses and slight losses right at the opening bell if you see here were positive just by about though 8 points overall. The s p again up by 1 point and the nasdaq down by 6 if these futures moves were to hold into the regular cash Equities Trading session. To the bond market now, flashing again, that recession warning signal, the 10 year briefly dipped below the 2 year yield. You can see here following the release of the latest Federal Reserve Meeting Minutes yesterday. Investors on edge fearing the central bank will not act aggressively enough to stave off a possible
Its worth the risk of a recession to get a big deal done out of control, Jeffrey Gundlach has strong words ahead of this weeks big jackson hole symposium and then tech under fire as well it is wednesday august 21st and Worldwide Exchange begins right now. Good morning here is how your money and the Global Markets are up, the dow will open up around 140 points the s p by about 17 and the nasdaq by around 63. We could get back most of what we lost yesterday. This after the dow and the s p snapped three day win streaks. The nasdaq coming off its first down day in three. The bond market certainly a key focus as well. And the current yield floating below 1. 56 . 1. 59 the last trade there, 1. 539 if you take a look at that yield, its maybe just a bit wider than it was over the course of the past couple of weeks. It is the president front and Center Taking on everything from trade war to the fed to the state of the u. S. Economy. Nbcs tracie potts joins us now from washington. So tracy we ca
Cornell. This is the first time well talk to him since last weekends events where so many cash registers were shut down and Stores Across the country. Also well talk about what the consumer is doing now because last august when we talked to brian he said he had never seen a better retail environment. Also as you can see, former secretary of state, condoleezza rigs will be joining us and g e given the incidents last week in the straits of hormuz with the tanker attacks, well talk to her about what this means. Joe, i know youve been watching the markets closely. I am watching that sun come up beautiful. Youre on the 18th thats the green behind you. Condi will tee it up, i have no doubt. She is pretty good shes a fantastic golfer. But, yes a lot happening here its nice to be on a golf course where the sun is coming up as we start the show youre a midwest type you know i am. You travel the midwest. You see the country. You see what other people not only that, my best friend from when i was
What do you have coming up, and hows the weather . So far, so good on the weather. Actually last time we were doing it outside on the island. Today were doing it inside on the off chance the weather does worse than it has been. Were at the annual Sports Complex conference going on. We have a huge lineup of guests throughout the broadcast. Bruins ceo george pine is going to be with us and arcs cathie wood. We can have a debate about bitcoin with her. So much going on in her world. Then well have a conversation with ceo ted leonsis who weve been talking about because hes been involved in that deal in washington, back and forth. And at 8 15, an exclusive interview, First Time Ever on cbc, steve cohen, now, of course, the mets owner, but maybe better known to those on wall street as the chairman and ceo of point 72. So many folks in the sports world. We have many of the commissioners from all over the league. I think we have michael rubin, arod, i saw last night. Corbin is trying to buy th
Different meeting. The first annual meeting since Charlie Mungers death at the end of last year. It raised questions of what Berkshire Hathaway will look like after Warren Buffett. Those are the things that shareholders have been asking about and the types of things we see reflected in the media. Big questions, obviously, thrown to Warren Buffett and greg abel and jane who will be on stage this weekend to answer those questions. Well talk about those over the next few hours. Some of the issues surrounding berkshire. These are issues that Warren Buffett was direct about in his annual letter to shareholders. He laid out the disappointments they have seen. Bnsf was a disappointment on earnings. Earnings dropped significantly from a year ago. Buffett laid out how its railroad has fallen behind the other five major north american railroads in terms of margins. He talked about bhe. Berkshire hathaway energy. The major Utility Company Berkshire Hathaway owns as well. Laid out the issues on th