Today on inside politics, under the cover of darkness or in the plain blinding light of day. The georgia indictment puts a familiar question on Donald Trumps plate. Just when and how will he turn himself in . Plus joe biden tries to conquer confusion. In just a few hours, the president will use the white house as a stage to explain to voters that his economic plans one year after becoming law have worked. And the politics of mr. Polite. Tim scott uses iowa as a test kitchen to see if voters just might prefer a happy warrior over a form er president. Lets go behind the headlines and inside politics. Up first today, donald trump and his 18 codefendants space an august 25th surrender deadline. The sheriff says they can turn themselves in any time between now and then no matter rain, nor sleet nor snow nor time of day. Between now and then, expect legal maneuvers to muck up the case. Nick valencia is live for us. So far, no sign of any of the defendants. Reporter thats right. According to
District fit rather than delaware, maria asked texas senator ted cruz about this on sunday morning futures yesterday. Your reaction to david weiss named special counsel. He is a wildly inappropriate person to be special counsel we should have a special counsel, number one, we should have a special counsel to investigate Merrick Garland, for whether he lied under oath to congress in response to questioning from me, number one, and when he committed obstruction of justice those are both allegations, that came from the whistleblowers, number two, we need a whistleblower not to go back, and bury what hunter biden did what david weiss has been doing for five years what we need a special counsel to investigate joe biden, and the 20 Million Dollars that his family received while he was Vice President , allegation now is for official favors that he was selling that is bribery, it is not a little gun charge on hunter, it is bribery of the president of the United States what allegations are, thi
The 10 year is that for 24. 48 so it had been up at 425 and now we are down about three basis points. Its a pretty high level and we are up at the kind of levels we havent seen since last year and before that since before the financial crisis. The u. S. Dollar index is off about 1. 5 points. With these very high yields, it draws people into the dollar but they have started to give up some of the gains we have seen in the last few weeks and nymex crude is back up to date dollar per barrel at 81. 40 one cents. Jon i am watching some of the Energy Starts trending higher with oil pushing back higher and one of the big things outside the macro headlines is been the Retail Sector with so many Earnings Reports. We are still seeing a mixed picture from that group. Youve got a name Like Ross Stores with guidance that was crowdpleasing so the shares are up about 5 now but then you got farfetched thats getting crushed, down more than 40 with struggles for the u. S. Business. Dont go to sleep beca
Earnings season boost from cisco which is at the top of the i blue chips as you can see, up 3. 5 . Shares hitting a 52 week high after cisco reported a top and bottom line beat after the bell yesterday due to its enormous market share as well as future a. I. Opportunities at the company. Investors responding, up 3. 5. Walmart also smashing earnings expectations, raising its fullyear forecast as well. The retailing giant saying that bargainhunting customers buying more grocery staples as Household Budgets remain under pressure which, of course, helped boost sales for the big box retailer. As you can see though, currently trading down 2 . Despite tight budgets, analysts pointing to resilient demand in the u. S. As one of the reasons why the 10year yield is soaring to 10month highs right now. As you can see, up 4. 309 . Investors still have concerns that hot demand could keep inflation and, therefore Interest Rates, higher for longer. Of a lot of people talking about that. Plus, initial j
Is this fundamental . Has something changed . Are there other forces at play . In september and everybody is back at past the holidays, then we get a clear idea of what is going on. There are another there are a number of factors with bring in mind. U. K. Sales are down, print it is rain related. You are not buying summer gear and it u. K. In august. The pound is suffering a little bit. The story of the week. Osher azure is down again today after being absolutely blasted yesterday. It is significant that the stock has not bounced. Alix it really is. We are going to get to that later on. You look at the s p 500 at the nasdaq, it doesnt look like a lot but it is a cumulative effect. The nasdaq 100 is looking at three straight weeks of losses. We have not seen that since december 2022. You get meta below its 50 day. Your icing you are also having hedge funds at a low. Have a ton of options expiring today. This is the dollar offshore cross. What is china going to do to support its currency