Welcome subject line afghanistan and it comes it was from a british official apparently the former foreign minister of Great Britain on afghanistan and sent by one of his deputies to Hillary Clintons assistant at the state department. Ironically through to her official state Department Email address, and then forwarded on to Hillary Clinton through her personal email address and im going to hold it up for you. Here [laughter] it started out five pages, and now all five pages are blank. This now was deemed now has been deemed classified at the time it was sent it was not marked as classified. Now retroactively has been classified by the state department. So she did send classified material whether she knew it or not or her people knew it, it should have been classified or was at the time they included emails did include classified materials. Melissa. Peter thank you for that report. A blank. Now turning back to markets hits keep on coming for Energy Markets oil ending down nearly 3 of 4
Stocks bad and consumer stocks great as institutions made new judgment about their growth rates in a world with a little inflation and potential Federal Reserve hikes. I dont know about the latter but inflation rates coming down. That changes the picture for many, Many Companies that report next week. As we near the end at last thank heavens of earnings season. Lets start our game plan with what might be the most telling statistic out there next weeks Producer Price index. Why that . Everything from your cable bill to copper coming down. I think were seeing prices for all sorts of things plummet. This fact will make it very difficult for the fed to raise rates to september like so many are chattering. We expect a decline in the market immediately aof any rate hike. Well probably get one. Stay tuned it will show deflation is upon us which means no fear of inflation from job growth alone and thus no reason for the fed to tighten when its upcoming meeting. How about earnings . Well, you g
Were going to speak to woodman ourselves in an exclusive interview to talk about the outlook for the company and that gopro drone crash over the weekend. At the padres diamondbacks game as a matter of fact. Toll brothers losing Early Morning gains after a weak number for new home sales. We have a debate, bull and a bear, talk about whether these housing stocks are worth buying right now. But we begin with amazon Shareholders Meeting taking place today in seattle, talk of a potential stock split. Believe that when we see it. Deidre is at the meeting there. What happened today . Reporter hey, guys, well, wrapped up just over an hour ago. A lot of happy investors. Amazon stock run up 40 in 12 months. This was interesting. One shareholder noting that amazons stock is approaching a thousand dollars a share. Noted that its less and less accessible to a younger and middle class investor, so she asked jeff bezos why it seemed amazon was going the way of berkshirehathaway, and whether he consid
Im carl quint knanilla along w sara eisen technology is one of the leader sectors and President Donald Trump is on his way to meet with g20 leaders in germany later this week, including the oneonone with russian president Vladimir Putin all this amid growing concerns over north koreas growing tension. That escalated over the weekend. Joining us to discuss is john rutland, and math chthew mcgwir former director at the world bank welcome to you both. Thank you for joining us good morning. John, your expertise is china. You have studied china for a long time. We have been trying to dissect the tweet this morning, trades between north korea and china grew over 40 in the First Quarter. So much for china working with us, but we had to give it a try. That was from President Trump as he embarked on this journey. What is the prospect of a risk factor for investors escalating tensions between china and the u. S. The two biggest economic superpowers right now . They look like they are going that
Goldman sachs. Some pretty harsh words. We have details on that coming up here. Reversal that continued from the session on monday. Really tech has beenleading the marke again today, but underperforming over the last month. We have a debate on which names in the sector are worth buying right now. And President Trump criticizing china for its economic relationship with north korea in the wake of north korea launching that icbm over the weekend. Were going to take a look at what the president s rhetoric could mean for u. S. Companies doing business in china. Thats momentarily but first, you saw it here on cnbc the fed releasing minutes from its most recent meeting in june there seems to be some debate among the fed members about when the fed will actually start reducing assets on its Balance Sheet. Joining our closing bell exchange, we have with us, peter from the Lindsey Group steve from stewart frankel, and our own Rick Santelli is in chicago. With a fine tooth comb no real surprises.