The consumer may be under pressure, but megadeals are still happening. The ultra highend Real Estate Market. Well be joined onset by Mauricio Umansky for the latest read on how much the uber wealthy are buying. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, and guy adami. The dow climbing over 40,000 for the First Time Ever today. The feat coming less than four years after it first hit the 30,000 mark, but the index pulling back midday and ending up slightly in the red. One big winner in the dow, walmart, which notched its best day in four years, after earnings this morning. The retailer citing significant ecommerce gains and growing business from higher income consumers. Former walmart u. S. Ceo bill simon is using the bword. Bubble. He will join us to explain. We wanted first to get the thoughts here on the desk. Given where we are trading here, at alltime highs, on walmart. And do you think that what is driving the stock
This hearing is one hour 40 minutes. Sen. Brown finding more and more ways to raise those costs, to boost their own profits. Weve talked about how every time americans go to a Grocery Store, they pay for corporate stock buybacks and executive bonuses. Last week we looked at how Companies Use the latest technologies to jack up prices for consumers. This week we look at junk fees. Often lastminute charges that drive up the cost of products, have no justification or connection to anything other than their quests for profits. Think about that hotel room you booked that has a bunch of mysterious charges at the end. Or that time you paid your credit card bill over the phone so you wouldnt be late but were charged a convenience fee. The only thing that fee is convenient for is the banks bottom line. Or lets say youre looking for an apartment, you find one with affordable rent but when you look at the lease, you realize between the maintenance fee and the trash fee and the mysterious convenien
Sen. Brown finding more and more ways to raise those costs, to boost their own profits. Weve talked about how every time americans go to a Grocery Store, they pay for corporate stock buybacks and executive bonuses. Last week we looked at how Companies Use the latest technologies to jack up prices for consumers. This week we look at junk fees. Often lastminute charges that drive up the cost of products, have no justification or connection to anything other than their quests for profits. Think about that hotel room you booked that has a bunch of mysterious charges at the end. Or that time you paid your credit card bill over the phone so you wouldnt be late but were charged a convenience fee. The only thing that fee is convenient for is the banks bottom line. Or lets say youre looking for an apartment, you find one with affordable rent but when you look at the lease, you realize between the maintenance fee and the trash fee and the mysterious convenience fee, the actual rent youll be char
Extra costs to consumers monthly bills. Live coverage here on cspan. Cspan live here, the Senate Banking Committee Hearing about to get under way. Witnesses will be testifying on how junk fees effect consumers and their budgets. Some examples of those fees are the hidden charges that get attached to goods and services such as loans and Bank Accounts or corporations. Sen. Brown finding more and more ways to raise those costs, to boost their own profits. Weve talked about how every time americans go to a Grocery Store, they pay for corporate stock buybacks and executive bonuses. Last week we looked at how Companies Use the latest technologies to jack up prices for consumers. This week we look at junk fees. Often lastminute charges that drive up the cost of products, have no justification or connection to anything other than their quests for profits. Think about that hotel room you booked that has a bunch of mysterious charges at the end. Or that time you paid your credit card bill over t
Senior markets commentator mike santoli taking a look at that question. Doesnt feel very settled. No, and not persuasively so. We did get a bit of pressure taken off that surge in bond yields yesterday. This morning it seems a bittentive ahead of the jobs number tomorrow. Its unclear to me youre going to get a lot of decisive moves. The scene is set for potentially some nearterm reversals in both fixed income and in equities. Of course, as youve been saying for days, it always gets this way when youre kind of a couple of months or several weeks into a correction in the stock market. Things are getting pretty washed out, the breadth call, the put call ratios. At the same time, bonds, very negative sentiment and really a steep climb in yields. What does all that mean . If were still in the old trends, they should back up quickly and we should get a little bit of relief from an oversold stock market. Things to look for today. S p 500 yesterday made a slightly higher low than the day befor