Earnings could well determine whether we get that late summer swoon or, josh, perhaps a surge. Do you think people are too negative today on where the market is . I think we probably need some new tools to measure whats going on in the economy. If youre looking at commodities and saying this is representative, then youre ignoring the fact both Consumer Discretionary and Consumer Staples are within pennies of new record highs. And the fact that those two things can happen concurrently, this massive downtrend in Commodity Prices and this huge uptrend in what the consumer wants to do with their disposable cash is like a non sequitur of commodities being a leading indicator. The fact is theyre global now. Theyre not a good leading indicator for the u. S. The real economy, 70 of which is the u. S. Consumer, is doing just fine. Not great. Not gangbusters, but household formation is happening. Were building and buying homes and people are out in the stores and restaurants. Go out on a saturda
Market investor tells cnbc intervention is not the solution. They are desperate to try to keep this market up and theyre trying every rule in the book to do that. Unfortunately as we know the more they do the more uncertainty is imposed on the market. Putting the brakes on profits at major auto maker. Bmw warns of slowing sales. Analysts worry theyre stalling on reforms. This despite delivering better than expected Second Quarter earnings. Hi everyone im seema mody. Coming up on the show hes a man with a plan. A Clean Power Plan as obama talks tough on Climate Change were asking you what would you give the president for his birthday, which by the way is today. The numbers are in and its not looking good for hillary clinton. We unveil the results of the latest nbc wall street journal poll. Plus angry bird produces angry gamers. Find out why the app ruffled some feathers later in the show. Lets show you what greek banking stocks are doing and theyre open now for a second day after they w
Have of seeing downpours. Gusty winds as well as some ha hail. The main timing any time between now that activity popping up bubbling up through about 9 00 oclock. Follow me on twitter. Ill be live tweeting much more about the heat, yes, we did make it day eight today dawn and lucy but some relief, it is on the way. Well talk about when as well as another Storm Brewing later on this week. All right. Talk to you very soon. You can stay ahead of any dangerous weather by downloading our fox 29 news app. You can look at live radar have weather alerts sent straight to your phone its free. Search for it in the apple or google play stores. Right now, skyfox is live over this traffic net mess. Take look bumper to bumper along the pennsylvania turnpike and thats because of a card bore fire inside a tractor trailer. You can see it right there. The fire started around noon in the eastbound lanes between willow grove and bensalem. One eastbound lane is open right now as crews continue to work on t
Opposition lawmakers while members from his own party resisted the cutbacks to creditors demands. Finance ministers are meeting today in brussels to consider the whole package. You figures revealed a slowdown in your area growth. Roseross thomistic product 3 10 a percent. Economists expected a stronger showing. The weakness especially pronounced in france, where gdp stagnated 20 to zero. Germanys economy grew 4 10 a percent. We will hear from our rome bureau chief and a couple moments. And hans nichols is here as well. Matt 4 10 a percent. We would not be happy in america. Be seen inction to ages stock markets. Chinas currency stabilized. The unexpected devaluation earlier this week rattled world markets. The currency is studying the second straight day, easing some of the uncertainties. The uns reference rate with Chinas Central Bank rose for the First Time Since the evaluation tuesday. Just 1 10 of 1 . Japanese Prime Minister shinzo other abe express profound grief for all who died i
Please call the next item the nextordser of business is item 10, closed session. There is none. The next order of business is adjournment. Madam chair. The meeting is adjourned at 414. In memory of rosario [inaudible] thank you. Come to order and the skeet will call roll commissioner pating commissioner king commissioner chow commissioner chung commissioner sanchez commissioner karshmer the second is the approval of the minutes of august 4, 2015. Before you guess for approval a motion is in order. So moved. Are there corrections to the minutes. I think the only typo on item 10 it is obviously sf dph. My apologies thats the only one i found or saw sorry my other comments if not then the minutes are before you for approval all in favor, say i. I. Nancy pelosis the minutes are approved directors report. Good afternoon, commissioners sitting in for director garcia on a well deserved vacation hair directors report the first is to talk about the first cohort of interns on august 3rd dpw Huma