Eventually bought by amazon. What got to this strategy . I see that the market is in the early stages. Were about 300 billion online. We see the market going to 1. 1 2 trillion in the u. S. Alone and a lot of participants are focused on convenience and people that are willing to pay a premium for service and nobodys really focused on innovating around price. Thats where were focused. I think that jet. Com is going to be a huge one for consumers. When you look at some of the prices, its kind of phenomenal. In fact, we had a producer playing around with stuff and ordering things. He actually ordered a toothbrush for 2. 11. It was part of a larger order but the toothbrush when it showed up was shipped by itself from walmart. Com and on the receipt you sent, it said it cost 8. 10. Thats a loss of six bucks. How do you sustain things like that . We are simply bridging, startups, the early days. The toothbrush will eventually be in the warehouse. We stock the allday Everyday Essentials in th
Expected to hold steady at 5. 3 marking a seven year low. Again the report will be released at 8 30 a. M. Eastern time and its one that the fed is watching very closely. The last jobs report before they try to decide if theyre going to raise rates in september. Welcome back. Thank you. We talked a lot about those rates. Weve seen lockhart say theyre going to do it. We had powell on who said still data dependent but a lot of people swinging toward september. Yeah, you called this awhile ago. Well, Wishful Thinking that they quarter point, you know . You can do it. You can do it. Its not going to nothing is going to happen. You can do a quarter point. Im going to talk about the markets now because were going to focus on the jobs report and i decided that im kind of glad that were cnbc and Business News. Im still thinking about what i saw last night, what i witnessed and i want to talk about it but im glad we can talk about real other stuff, you know what i mean . It was fiery. It was row
Session highs it was up 163. Of course, plenty of attention on crude oil rising after that china rate cut. Bob, a different pood today . Yes. We have a rally, but not an enthusiastic rally. It was 51 at the open. We should have gone better. The volume is only moderate. It drifted lower. The buyers are not enthusiastic. Im not seeing people go after stocks beaten up. S p 500 has been sideways except for a dip in the middle of the day. Up roughly 300. A few sectorspecific movements. Home builders have been weak. Toll had a report where earnings missed expectations. Growth is slower than expected. Elsewhere its the enthusiasm or lack thereof im interested. Freeportmcmoran is now down. We should have been doing better. Some big multiindustry companies. Textron, united technology. 3m. Down right now. We should have seen this up on bigger volume if you had enthusiastic bounce back. Were fine. Weve got a bounce back. I dont see a lot of buyers coming after the market right now. If that contin
Prompting a vicious selloff in the final minutes of trading. The morning started out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . There was a nice rally at the open, but the buyers were never very enthusiastic. Volume was much lighter than yesterday
Prompting a vicious selloff in the final minutes of trading. The morning srted out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . There was a nice rally at the open, but the buyers were never very enthusiastic. Volume was much lighter than yesterday t