Former dallas fed president Richard Fisher is with us live and we are hours from a key report from netflix. Which way is this stock going to move the Investment Committee is ready to go. The Halftime Report starts right now. A lot of good questions there. Of course, its good to have you with us on this wednesday. We have a very good Investment Committee as usual for you jim leventhal, steve weis, jonny in najarian. Not for investors, not for today. Csx shares derailed. Investors suffering their worst day in more than a decade. A lot to unpack here lets get to frank who has been following the story since last night. You were just talking about economic indicators. The economy is strong. Retail sales strong. Unemployment at record lows. Inflation not a worry. But their new fears of a freight recession. Now csx, lowering guidance from 1 to 2 growth to a 1 to 2 decline, largely due to weaker demand for domestic and export coal and the everpresent trade tensions first half volumes fell 4 ce
Earnings report. Were digging into the numbers on that and much more. Its primetime for lady gaga the pop superstar teaming up with the Worlds Largest online retailer its wednesday, july 10th. Worldwide exchange begins right now. Good morning and welcome to worWorldwide Exchange. Im Courtney Ragan in for Brian Sullivan stock points to another loss for the dow. This would be four straight losses if we tack on to this session. The dow more than half a percent off of its record high the s p 500 and the nasdaq also indicating a lower open. We know we have a number of hours still to go. Lets get a check on whats going on in the bond market. You can see the yield on the ten year, 2. 108. Its actually quite a move from what we saw on july 3rd when we were at 2 1 2 year lows there at 1. 9 and change that jobs report really changed a lot. Lets go worldwide and check and see what happened around the world while perhapsyou were sleeping overnight in asia you can see we had a mixed picture. The ja
Since may, cross currents have reemerged it was almost a year ago today, july 18th, 2018, that the president first levied his criticism against the chair in an interview on cnbc im not thrilled because, you know, we go up and every time you go up, they want to raise rates again. I dont really i am not happy about it but at the same time, im letting them do what they feel is best. But i dont like all of this work that goes into doing what were doing. Since then, dozens of tweets and quotes going back to the fall obviously things like are you listening, fed, they dont have a clue, we would be thousands of points higher on the dow like a stubborn child blew it is this going to be enough i do, i thought the statement was written by larry kudlow had i first read it. It was written by fed chairman powell the key thing is he does blame the tariffs because he says domestic is good he lays it on trade tensions, which is therefore saying listen president trump, the fault isnt in trump, it is the
S p rising. 45 and somehow phony and engineer by the Federal Reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. When a day the s p broke out above 3,000 hitting an alltime high i want to put the fed mandated bubble talk to bed so yes, its true that the averages were looking its true the average were looking down before Jerome Powell gave dovish testimony how the economy is not in great shape. Powell admitted the business is slowing. Hes right although he probably should have mentioned the december rate hike played a role powells speech made it clear the feds are cut rates if the economy keeps deteriorating and hes expecting to continue to deter rate the prospect of a rate cut ignited the market today but you heard the same story from commentators that say its all one big hot air balloon. Practically a hydrogen filled zeppelin thats bound to crash in lake hurst, new jersey, when is a hinder berg
S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe