What are we doing . Interesting but smart leading the feds beige book. Leading with beige. Check in on regional economies is telling two very different stories. How we are adjusting to the trade war. On one hand the beige book highlighting a retail chain that raised prices on furniture but is considering reversing the price hike because consumers arent buying it meantime, in cleveland manufacturers are feeling the pain by cutting overtime pay rather than laying off workers things looking up in philadelphia and new york. This is like a choose your own adventure book choose your own beige book. Are you allowed to do that . Is the economy headed down the path of new york and cleveland or are we Holding Strong like philadelphia and minneapolis . Gia dam uy adami. Ill be optimistic. Things look okay, not great. Thats reasonable. I think that along with the news out of hong kong where things have been tapered down for a couple of days, thats encouraging. The market is up 3 4 of a percent, 8
We have second half strategies coming up for you. Vertex, activism, blizzard, and within resorts are among the winners in the stock market today. Good gains thats just showing you todays gains there. Foot locker, devon energy, and kroger are some of the bigger losers we always try to discern larger trends from looking at the individual stocks. The kroger story we know well. For sure. Whats old is new again well get you details on a firms turn around plan. You may have heard Berkshire Hathaway is now the largest share holder in bank of america. But thats not the only company where warren buffet is the top shareholder. I love that story, he bought the preferred. They raised the dividend he converted and now he made 12 billion in the process. You have to hand it to hill when everyone was panicking, he stepped in and made so many deals. Buy low thats how that works. Lets get to the market. So far the nasdaq is up more than 14 while both the dow and the s p are up roughlile . But thats star
Course, and also snapchat. Highlights from that interview and i did a little golfing, yes, golfing, nfl great joe montana, and he said i was standing on the wrong he said i was standing on the wrong side of the ball. Yes, we were trying to get it in the clowns mouth. Are you lefty how long have we been working together anyway, well see who won that putting contest. Who you betting there on there i know who my money is on well see, thats coming up we begin in washington, Janet Yellens testimony wrapped up a couple hours ago before the House Financial Services committee, we are joined with some of the highlights kelly, this could be yellens last two days of testimony on the hill her term ends early next year. And politico reporting that nec director gary cone is the front runner for her job when pressed by lawmakers on this question, yellen trying to deflect them. I absolutely intend to serve out my term. Im very focussed on trying to achieve our congressionally mandated objectives, and
The eclipts is a big business story. Dozens of companies with offers. And if ever a die to buy solar stocks, buy. All of the angles covered for you coming up. Plus, treasury secretary Steven Mnuchin making a tax for tax reform tim pawlenty head of the Financial Services roundtable. What he wants to see in that plan coming up. And to our reporters covering the Solar Eclipse. Contessa brewer is in columbia, South Carolina and jane wells joins us as well but first to contessa. Reporter people are reacting now by leaving i can still see the sun partially occluded here. Its still a crescent as the moon moves out of its path and people are like, okay, been there, done that its hot outside, feels like its 15, 98 degrees with the humidity so theres been a lot of people taking a move on, but ill tell you what people paid a premium to be here i talked to people who have driven down from new york and people who drove over from macon, j. , ageorgia and all of were paying a higher price for hotels,