The ftcs settlement of its back and the stock climbed towards highs in the session. Romaine lets go to our markets reporter. I am looking at the u. S. Dollar. We did not see the same action and the dollar despite the rally. We see the u. S. Dollar slipped for a Third Straight day versus major currency competitors. Investors are trying to haven currencies they happen to outperform during the day. In the amid turbulence markets and resurfacing u. S. China trade tensions. Traders are weighing concerns for Global Growth and the outlook for the u. S. Interest rate cuts and the rise in american Producer Prices added some pressure on the u. S. Dollar. I was looking at the record highs we had. Lets focus on the s p 500. The second consecutive closing high. Above 3000 for the first time. The day,ed. 4 through enough for the superlatives. We really ground higher through the day. Todays gains were set up by fed chairman jay powell, his comments pointing toward easing Monetary Policy at the end of
Welcome, good to have you with us. Our Investment Committee at the table, joe terranova, stephanie link, and one of forbes top 100 Financial Advisers the dip for stocks this hour, the g20 getting closer and closer that meeting between President Trump and president xi also marking the end of the first half of the year, all with the backdrop of a fed that could be poised to cut Interest Rates in a matter of weeks, a central bank in europe that seems ready to act dramatically as well. Jim, this is your moment youve been looking towards trade and talking about it for months now youre going to have this dinner meeting inosaka is it okay for me to say im a little nervous im fully invested, i do have a little bit of cash, scott, but im nervous even though im invested its an important moment what are we looking for, what do you want you have to know what youre looking for, okay . The specific thing im looking for is a pumpback on tshback on tariffs. Theres no way in heck that were getting a de
Some areas than others. Caroline perhaps more idiosyncratic. Lets dive deeper. Abigail, what are you watching . The contrast between the close on the day and the close on the week. On the week, all major averages higher. Lets dig into the technicals. There is reason to believe that could continue. This goes back to 2011. When the s p 500 consolidates down and then pops, the bulls are resting. The sellers trying to push through. The average continues to climb. There are several moments even last year at the beginning of last year, we had that volatility. 500 to newd the s p alltime highs. Appears to be a similar situation with the s p bouncing off that 40 week moving average. The s p 500 might rise above that alltime high. Maybe towards 3100. Perhaps the fed meeting could be a catalyst. Upive been watching oil, around 0. 5 on the day, close to 3 over the past two days. The rally not enough to keep oil in the green on the week. We are headed to a decline of more than 2 on the week. That
And selling today. There are those three stocks, tesla is down again as another firm gets negative on that name, now the worstperforming stock in the s p 500 losing another 5 today and barely hanging onto 160 as you saw, tough day for small caps as the rate is up, the russell is lower, it does take us to our talk, the return of volatility and if investors need to prepare for a pickup, especially with another federal meeting looming, lets ask joe terranova. Hes a cnbc contributor, is that your expectation . Is that what we are trending, its about to get interesting for little bit . I think the market will get very moody and that the day for dangerous place for investors, we have been trading off of a sunny disposition, the personality of the market, now you get into this environment where its about the mood, Everyone Wants to be a monday morning armchair economist which is the most dangerous and worst thing you could be doing right now. I can think of nothing more exciting. Exactly. Eve
We today uphold our solemn responsibility to ensure that everyone stands equal before the law. We have one set of laws in this country, and they apply to everyone their evidence can be tested in court and judged by a jury of citizen sdpgs we look at the fact, we look at the law and we bring charges. For the fourth time in as many months donald trump, the former president of the United States, is facing a criminal indictment. Good morning and welcome to morning joe. It is tuesday, august 15th. Lets dive right into the latest indictment for the former president. The charges are from Fulton County, georgia, where trump and 18 others were named in a sweeping 41count indictment targeting alleged attempts to overturn the states 2020 Election Results, Fulton County District Attorney fani willis announced the charges just before midnight. The states role in this process is essential to the functioning of our democracy. Georgia like every state has laws that allow those who believe that results