Stop there. Shares of costco under pressure taking target and walmart along with it and another bad day for the grocer. Super value falling 9 after it slashed its fullyear outlook following guidance cut yesterday. What the are these stocks telling us about the consumer . Brian kell . Well, listen, this started back back in december of last year when we had automation. Mike jackson was on cnbc talking about the fact that auto sales were falling. Thats a leading indicator. Thats happened over the First Six Months and now youre starting to see it into retail. Youre starting to see it in macys and all of that. Maybe its for Rising Oil Prices, maybe not. For me to the big macro picture last friday with the jobs report one thing that wasnt so great about that. That was average hourly hours worked per week. Thats been dropping. Its dropped about 1 . That means people have 1 less money in their pocket on average. Hold hon. The last time that we saw that was right before the 2008 recession. Wel
Well talk about what is happening with the shipping story. Global trade, a little bit later on as well. Looking forward to that conversation. Then we get to Deutsche Bank. A big story. Jonathan in the news once again. The management is the bank is solid. Thewe understand that management is considering a bond buyback. The damage has been done. You wonder whether that can last. Guy i think there is a lot of communication that needs to happen. These guys will be spending amounted over the next couple of weeks. Trying to figure out exactly where they stand and where the future lies. That will be a big feature of the Banking Sector. Versed, lets get to Caroline Hyde. Caroline the antiestablishment candidates have claimed victory in the New Hampshire primary. Easily over Hillary Clinton which means the democrats can be heading for a long nomination fight. A crowded republican field with john kasich in second place. 2016 goldmanto sachs has abandoned five of its six recommended top traits. Th
The markets, in the words of one of the most respected bankers is crazy at the moment. About a bounds, you see the headline. The biggest gain in four years. All of that off the desperation move last night. The spirit and desperation of Deutsche Bank. France has i think you are right. That is a theme we well explore today. Voters sent a message to the candidates of both parties. Two outsiders have won the first president ial primary. For the republicans, donald trump was an easy winner. John kasich was second. Sounded a familiar theme. We are going to make America Great, but we are going to do it the oldfashioned way. China, japan,o be mexico, all of these countries that are taking so much of our money away from us on a daily basis. It is not going to happen anymore. Benie Bernie Sanders Hillary Clinton by 21 percentage points. Together we have sent the message that will echo from wall street to washington, from maine to california. Is in the next primary South Carolina. May deploy troo
Lacqua. European markets little changed after drops. Lets check in with mark barton. Mark lets start with the stock xx 600. Lower, higher, coming down once again. We fell by 4. 8 last week, easily way to get the gains of the prior two weeks, amounting to 3. 8 . Still, the index is down by 11 this year, one trillion euros, on track for its worst year since 2011. The macro highlight of this week is janet yellen, appeared before congress. She is going to have to strike, francine, some sort of balance andetween caution confidence, but the domestic economy is in good shape after those jobs numbers on friday. This is the Interest Rate projection, fed fund futures now saying we will see a 53 chanc e of a said rate hike in december chance of a fed rate hike in december. This is thursdays figure, below 50 . There is now more than a 50 chance that the fed will raise rates in 2016. We have the economy adding 151,000 jobs last month, average earnings rising the most in a year, which has got people
For the week but look at that. Were just off the highs of the session right now with the dow up 286 points. We have been tracking overnight sessions in japan, which is hit really hard this week, down more than 10 . But we have black rock global chief investment strategist joining us and he says the market looks attractive right now. Is square a takeover target . Visa revealing its stake in the Payments Company and some on wall street say the move could be paving the way for m and a in the category. Watch out netflix, apple is preparing the First Scripted Television Series starring dr. Dre. We will get details coming up. The markets soaring right now, what happened to all of the recession talk this week . Some say the economy and stocks are actually telling us two Different Things right now, Steve Liesman has what the economy is saying and dominic chu looks at the market. I love starting a debate with my opponent mortally wounded because stocks are higher. Im not more tally wounded. Its