Carl king and jim cramer. State police is coming up. The first close above 2400 looking to add to it today. Busy morning with retail mornings, 13 s filings. Reports that the president disclosed classified information. Europe is mixed. U. K. Inflation the highest since 2013. Back home Housing Starts down unexpectedly for the second straight month. The ten year around 234. Home depot taking the street and gaining ground. The retail names taking a beating today. Did President Trump reveal classified information to the russians in the oval office . The white house is denying the story but the president s tweets this morning seem contradrikt t contradictory. How will the markets react. Instagram announcing new reactions like face filters that seem like snap chat. Its coming off an 8 gain as it climbs back from the earnings plunge. First up, talk some home depot. A bright spot on the retails earning front. Depot beats the street with earnings results. U. S. Comps up better than expected help
Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Chinas richest man heads to detroits uluru is small American Business tallulah small American Businesses. And how do you keep track of 1. 2 billion people . We look at the new biometric identification system. Welcome to Asia Business report. Im sharinjit leyl. Most americans have never even heard of alibaba even though its a Household Name right here in asia, so the giant has gone to detroits. Its a first major eventin to detroits. Its a first major event in the us since it debuted on the New York Stock Exchange two yea rs the New York Stock Exchange two years ago, but the challenge is both to introduce and convince americans to introduce and convince americans to use the platform. Alibaba has to use the platform. Aliba ba has come to use the platform. Alibaba has come to america with a bang. The Chinese Commerce giant is here to show businesses what the company is all about and how it can bea company is all about and how it can be a gateway to the chinese market. The harder sell of co
Travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him Martha Stewart shares her take on the state of retail the media mogul is going to join us live. First up, Travis Kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanicks entrepreneurship and few have changed industries the way he has. Yeah. Adam lashinski wrote a fantastic book fortune writer that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets its almost as if i dont want to say his job was done, but i would say that you got in there and it wouldnt be so bad to have a more a lesser addict story. Personal tragedy you have to weigh this i think obviously the people got an image of what the company was like inside that was a little bit distressing. Listen, this guy did it. And i dont think theres enough good being said. I kno
Higher one and a quarter percent. Im glad you cleared that up. Me too. Kbupg after the bell. The results of Bank Stress Tests and a number of dimpbd and buyback announcements could follow well tell you what to expect. Bid up again today big moves there lets get to the market move today. The dow, s p having one of their best gains in two months the financials leading the way there, the nasdaq is the big leader with a gain the biggest game percentage wise here lets get to the Closing Bell Exchange right now leah bennett from Westwood Trust is with us today good to see you my friend. And Rick Santelli checks in from the see me in chicago. Rick, i want to start with you because yesterday we talked about this taper tantrum that the european treasuries had had after mario said, you know, used the word reinflammation instead of disinflation, and the ecb had to walk that back today. You know, those yields havent given up all the that much as a result of that, have they . No, and that really is