Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Changes to the Loyalty Program and happy hour weighed sales. Also cutting annual sales growth target to 10 . Chipotle experienced a drop. Free food and Safety Measures failed to bring consumers following several food born illnesses last year. Dow components is set to report this hour. Well bring you the numbers. Thats about 6 30 a. M. In about a half an hour. All right. Scott. Good to see you. Thank you for being open to the early wakeup call. Get through this together. If we were up late. No better w
Where are we . Around there. As you can see. Hanging around 44. 50 on wti and you see brent as well. Our road map this morning starts where you expect it to, donald trump, taking an ominous tone in his acceptance speech at the Republican National convention. We will bring you the highlights live from cleveland. And we have a parade of earnings this morning, stocks moving on those results, everything you need know about the reports. Ge, starbucks, at t, honeywell and a lot more. Roger ailes is out at fox. What happens next . And what it means for the entire media landscape. In his acceptance speech last night at the Republican National convention gop nominee donald trump set in the tone for a battle against Hillary Clinton. Amon javers is in cleveland and brings us more. Good morning. Good morning, david. It was a Family Affair at the Republican National convention in cleveland last flight. Donald trumps daughter ivanka introducing him to the crowd. A lot of americans will have seen iva
The nasdaq is off by 18. This comes after both the s p and dow closed at their highest levels of the year after yesterdays fed meeting. That fed meeting along with the News Conference with fed chair janet yellen, were going to be talking more about her message. In the meantime, take a look at wti. It is up by just over 2 to 39. 28 a barrel. Getting closer to the 40 level. Also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1. 1308. The yen is trading at 111. 36. Dovish Federal Reserve keeping Interest Rates unchanged, suggesting it will be very cautious about future rate hikes. A pretty upbeat assessment of the economy. Yellen had this to say at the News Conference. You have seen a shift this time in most participants assessments of the appropriate path for policy. As i tried to indicate, i think that largely reflects a somewhat slower projected path for Global Growth, for growth in the Global Economy outside the United States and
John harwood caught up with her earlier this week. Well bring you that conversation later this hour. First lets get to the markets this morning. We have seen a lot less volatility since people have been waiting to see what the fed does this week. You can see that the futures are relatively flat. Dow futures down 3 points. S p futures off by 2. We started yesterday down 50 in the morning and ended up 250. You have been talking about more than 400 points during the day. A lot of people are waiting to see what happens. Thats one of the reasons people say lets get it out of the way. A lot of stuff. He thinks theres a crash coming. He thinks there a crash worse than 2008. He says already. And that it pushes people into causing the buy back stock and inflate their stock price. Causes emerging markets. The feds exples sit. He thinks theres a reckoning. He says that theres a reckoning to come thats going to be worse than the financial crisis as a function of easy Monetary Policy. Right. But i
But, kelly, you do have a very special lineup of guests coming up from vegas there, dont you . Oh, yes, we do. We are live here at the home depot Managers Meeting in the mandalay bay, where, yes, there is some betting on march madness also going on. But in the next hour here home depots new ceo will be with me exclusively for his first interview since taking the top job. Plus, a whole lot more. In fact, we have several ceo interviews. Well talk about the strong dollar. Were going to talk about Different Things in the consumer and in the gambling space right now. And we might find out what the value of my college ring is with Rick Harrison. I know you were wondering what to take. Youve got your college ring. Youre going to find out what Rick Harrison of pawn stars thinks of that. Wayne newton is also on todays program. Youre going with the full star board here. Ill just say Rick Harrison broke my heart and leave it at that, until we find out what happened this morning. By the way, we sh