The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
fraud. he is backing several republican candidates who are outright 2020 election deniers. who fully enjoys the big lie,, that donald trump should somehow still be presidents. again, that is a lie. let s get right to, it you know who i m talking about. steve kornacki, back at the big board. steve, where do things stand right now? yeah we ll stephanie, you said the biggest toy so far of the night clearly, this one kansas, this referendum, constitutional amendments. that would stay the constitution and the state of kansas. does not provide for the right to abortion. goes down to defeat, goes down to defeat as you say, overwhelmingly. this is a tremendous surprise whatsapp and here. a lot of people did not see the fact of no winning, nor the magnitude of it. i think it s gonna be a political significant repercussions from this result. also the potential here, in terms of you see where the no votes, a lot of energy in the suburbs of kansas city. democrats have been saying hey,
I was concerned its just me i understand why they are now. Bb tceo will join us exclusively to talk about whats behind the decision for the company. I get it, oo, very funny, everybody. Show starts at 3 00. I was here at 2 59 59 and were also looking forward to talk to kelly king about bonus checks he is cutting to employees. Today we have bitcoin in fturmoi falling 40 from its record at one point. Well tell you whats behind the pledge, and why one planner is shelving his plans to begin a Crypto Hedge Fund. Countdown to christmas tomorrow is the second busiest shopping day of the year and our reporters are standing by to bring you the very latest right now. Courtney reagan, where else . Shes in a mall this time in queens, new york, with more on how the retailers are faring this Holiday Season. Morgan brennan with is us here at the New York Stock Exchange looking at how the Transportation Industry has been handling the shipping rush and has one big retailer reportedly looks to buy a log
The economy are most at risk if there is a trade war. And companies warning last months global cyber attack is actually having an impact on their financials weve got the details on which companies are being hit. Meanwhile, can a superhero save the Summer Box Office season in the new superman movie is out today well tell you whats riding on that film and an analyst who says exposure to movies is a risk for some media companies. Well tell you which ones. Spiderman versus wonder woman and the fight for the box office. So far so far wonder woman go the is dominating bigtime this summer and our not surprised . No, about time we had a female superhero start with stocks moving higher on the back of todays jobs number. The junes job report may have come in much stronger than expected but the Federal Reserve is expressing some concerns about wage growth right now. Ylan mui, another super woman. The fed flagged the problem in the Monetary Policy report to congress which was released ahead of yel
Desperate luminary aprils preliminary university of michigan sentiment. David welcome back to the program. Is it as good as he makes it out to be . So far. I havent been through the full release. The Biggest Surprise coming from trading, whenever they have a big beat like that, that is the first place i look. Fixed income coming in betterthanexpected. Growth came up 17 yearoveryear. Analysts expected trading to be down and was actually a bit higher. Long growth came in around 9 . Trading, weok at focus on the Net Interest Margins. The industry statistics have shown a big slowdown. Question andk the there wasnt a solid answer as to why the industry was showing slowdown. Some of the regional banks have been sing that theyve been saying Slower Growth saying that theyve been seeing Slower Growth as well. David it is tapering off somewhat. Yes. Last year, a lot of the growth came from mortgages. Holding more mortgages on your book. Where investors are focusing this quarter is the slowdown i