Rick beamer as retail sales dropped for the first time in six months. Adam a risky bet for Lloyd Blankfein. An exclusive on whats the bank chief is quietly doing behindthescenes. Adam we are in rallying. Lori this head to the floor of the Stock Exchange to see what is cooking with Nicole Petallides. We have the s p 500 hitting another record right now. If you are a bull out there, hoping for better and better return, the Dow Jones Industrials up 93 points, covering 50 points away from all time highs, the nasdaq has turned back into the green and the s p 500 another record day on wall street. Traders as high as 1770 looking away from that. And it looks good. Pfizer Third Quarter profit cutting costs doing well, approved cancer medicines most improved as well. And the did they did recover at 12 00 eastern time. Nasdaq officials telling fox business it continues to investigate the issue and we should note, no Equity Exchange operations have been impacted. Comprises soared in the 20 larges
Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same as the previous growth estimate for that period. David shares of air chemical and products are up after the Company Announced it will plan to look for a new ceo. The chairman and ceo john mcklain will retire next year. Liz the government stepping up plans to get out of General Motors entirely. It now owns just over 7 of gm stock. The treasury plans to sell all its remaining shares by april 1st of next year. After the bell starts right now. Liz weve got breaking news on lazard Capital Markets. Ch
Why. All those stories and more, coming up on the kudlow report, beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. First up tonight, let me repeat, i do not see a fed taper for many, many months, perhaps not even until early next year. Why . Gdp growth may have topped forecasters predictions today, but year on year were looking at 1. 4 gdp, 1. 5 inflation, less than 3 , 2. 9 nominal gdp. These are incredibly slow recovery numbers. That is why i think theres no need for the fed tapering or tightening. They never mention tapering in todays statement. But they did have a slight downgrade of the economy. And they mentioned inflation. I think theres absolutely no way the fed can do anything in september under these weak economic conditions. All right . Lets talk about this. We have former Federal Reserve governor frederick mishkin. Rick mishkin is currently an economics professor at columbia university. We have joe lavorgna, Deutsche Bank chief economi
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