2020 the Investment Committee is ready to go. Halftime report starts right now. Welcome good to have you with us our Investment Committee with us today. Jim, the brothers, megan and cnbcs jim cramer. He, the host of mad money. Stocks up for the first time in four days. Trade headlines again the stories, still the worst week for the dow in four months investors getting whip saw ed b the deal no deal drama jim, just call me when a deal and im done okay i cant deal with this day in, day out. Theres a deal, theres no deal. May not wait, may not have one before the election. Were close, were not close i was a judge on the apprentice for many years. There are always two sides i have to tell you, many time, sworn about what happened in the actual room, but we wanted these guys to be pitted against each other. The ratings wouldnt go down if it was just resolve like this. We had to kind of have an eliminati elimination. You got kudlow schwartzm schwartzman, navarro perhaps. So what happens is t
Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly profit since 2016. As they had sales down in every region which you just talked about. My travel trust owns it does that mean im an idiot . No it means you have to take pause and say they continue to buy back stock, they said would no longer be episodic cash flow remains really good. I didnt think i could make this much money with this decline in revenues all that said, so what 400 other companies i
Today. Im at the boeing post, where that stock is rebounding right now. Up 2 . Weve got more on that in the meantime, the rest of the market hovering near alltime highs. Weve got 59 minutes to see if we can eke out a new record. Yeah, but just losing that momentum, morgan, in the last few minutes, now red on the a s p 500. Im wilfred frost. Good afternoon to you. Lets look at whats driving the action some trade pessimism as we got news that phase i of the u. S. Trade deal may not be signed in november, as planned Solid Earnings reports from merck and pfizer helping give the Health Care Sector a boost, but tech has turned lower with disappointing results from alphabet and grubhub, driving the nasdaq lower also to come today in our beyond the bundle series, we will get the details from at t about their new hbo max service and well also speak with one of the disrupters in the mccollum the interview coming up on closing bell. We are just negative for all three of the major indices of cours
Buy in the space how can that be . Well tell you as power lunch begins right now and welcome to power lunch. Im melissa lee. Stocks taking a breather today after yesterdays more than 1 gains, all three of the major indices are lower with the s p and dow on track to snap the threeday rally since last weeks big drop. Fractional losses across the board. Check out the transports theyre sinking further into correction territory American Airlines, the biggest drag there that stock is now down 16 for the month of august. Well have much more on that move later on. Ty we begin at the white house President Trump to meet with the president of romania while the economy is front and center for the president and the administration and eamon javers has the story for us now thats right. Were going to see the president of the United States in the oval office here in just a short time the president will have the opportunity to talk about the end of the 30th anniversary of the end of communism in romania
Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen