Flights today. Goldman sachs lowering its growth forecast and reports that wework could file as soon as this week. Were going to start today with the markets. Jim, not a repeat of last week, but were going to it is going to be busy, cpi, retail sales and more. Retail sales is on front burner it is hard to believe that given that unemployment rates are so low. People keep waiting for the inflation story in retail. I dealt with a number of retailers, and almost every retailer says, listen, very small margin hit to the september 1 tariffs. But as soon as you hear small, you say, big, big, big really good piece about dollar tree, not a lot of exposure to china and does well when the economy weakens. I want to watch that to see if we dont get the situation where we start trading down in terms of tocks macys, 7. 7 yield thats the paradigm of what people are avoiding. I think the macro does trickle down to the micro. Im concerned. Im really concerned about this hong kong situation too. You me
Red flag the main yield is nearly inverted and germanys benchmark bond yield hitting its own alltime low after weaker data out of the economy. And the spice returns earlier than ever. How starbucks is planning to bring a little fall to its late august menu. Its wednesday, august 14th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. What youre seeing here, lye shots, live pictures of hong kong the citys International Airport resuming checkins today after days of mass demonstrations and disr disruptions. First heres how your money and the Global Markets are setting their day up stock futures indicating the dow will open slightly to the down side marginal losses, about 37 points the s p would open down by 5 points if these losses hold into the regular trading session and the nasdaq off by 14 the dow is coming off its best two day stretch in two months thanks to a cooling off of trade tensions between the u. S. And china with the Trump Admin
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
Going down. Look, i have the i have a list in my hands, like senator mccarthy of 54 known stocks in the s p and how they would do inverted the top 20 ive been working on. Three are hurt 17 that win. If everybody decides that theyre going to pay less for every stock because of this, all lose the algorithms are set to make sure all these use our economy is not as uniquely sensitive. These are not exporters that need to have a dollar weaker dollar is just getting stronger. Extraordinary rally in the dollar dont want to see it i struggle to reach a conclusion that this is all bad given the fact that germany had rates for some time and the market is not doing that badly, even though they have an export economy and their dax, real terms, is up even though theyre exporting right to china in and those sales are weak as we see the numbers from china it is not the end of the world or the German Market would be down. No one is asking if it is the end of the world if it is the end of the cycle, ri
Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch