Winner. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, Bonawyn Eison and guy adami. We start with the markets second half slide. The s p has dropped 7 . If youre looking at grocery goods, General Mills, coke, pepsi, down 10 or more. Big box sellers, check out the moves lower in names like dollar general, target, best buy. And even higher end brands seeing outsized losses. One big culprit, higher Interest Rates, persistent inflation weighing on the consumer, and tomorrows jobs report, the first to capture the impact of the uaw strikes could show a bit more pressure being put on peoples wallets. So, do all these moves prove the consumer is facing a perfect storm of problems . We didnt even mention repayment of Student Loans in here, guy. Why yeah, just throw that in on top. Toss that in. Great movie, by the way, with george clooney. I think yes is the answer. And youre finding it in these stocks. The fact that targets mult
Ray addison in the gb newsroom. The snp is preparing for a leadership contest after the Scottish First minister announced his resignation. Humza yousafs admitted that he underestimated the level of upset he would cause by cutting political ties with the greens. Hell now continue in his post until a replacement can be found. Clearly emotional, mr yousaf said hes quitting to help repair relationships across the political divide. Political divide. No, ella whelan certainly bear no grudge against anyone. Politics can be a brutal business. It takes its toll on your physical and mental health. Your family suffer alongside you. I am in absolute debt to my wonderful wife, my beautiful children and my wider family for putting up with me over the years. Im afraid you will be seeing a lot more of me, from now. How. Now. Well, the race to replace humza yousaf starts now. Former humza yousaf starts now. Former deputy first minister john swinney says hes considering it carefully. Ive got lots of thi
3 30 voice. Live from new york city, good morning. But it your week started. Equity futures posited by 0. 1 . What a week ahead weve got for you. Wednesday, decision day. Apple earnings on thursday, payrolls on friday. If you want a sneak peek, the estimate, 250 k. Payrolls has been absolutely dominated by a series of upside surprises. This morning dominated by one chart, the dollaryen. Could we talk about the range weve seen on dollaryen today . This is not a monthly range, weve been through 160 already in the last 12 hours. We started the month focused on 152. Theyve been the ministry of finance in japan, no comment. Thats what we heard from the ministry of finance, no comment. Annmarie no comment for now. People are saying was it the fact that there is a Public Holiday in japan, low liquidity . But i love the fact that they come out and the top currency official says no comment for now. Will begin a comment . Do they intervene . Jonathan if you want to make a statement, it is a grea
Waiting for. The news bulletin waiting for. The news bulletin with ray addison. Good evening. Its 8 00. Im ray addison in the gb newsroom. The snp is preparing for a leadership contest after the Scottish First minister announced his resignation. Humza yousafs admitted that he underestimated the level of upset he would cause by cutting political ties with the greens. Hell now continue in his post until a replacement can be found. Clearly emotional, mr yousaf said hes quitting to help repair relationships across the political divide. Political divide. No, ella whelan certainly bear no grudge against anyone. Politics can be a brutal business. It takes its toll on your physical and mental health. Your family suffer alongside you. I am in absolute debt to my wonderful wife, my beautiful children and my wider family for putting up with me over the years. Im afraid you will be seeing a lot more of me, from now. How. Now. Well, the race to replace humza yousaf starts now. Former humza yousaf s
Stuart good morning it is 10 0o straight to the money and show you what the market is doing this monday morning, red ink down 100, down three on the s p and the nasdaq of 55 points, the ten year treasury just moving up, for 64 right now. And oil about 91 per barrel that is where we are coin at 28000 purple coin this is happening right now, donald trump just arrived at a new york city courthouse, this is the first day of his argument and is to enter 50 million civil fraud he is accused of inflating assets to secure business deals. He just arrived in the courthouse, im not sure what hes saying at that point. Ill get the audio later but he just arrived. We have the latest on manufacturing in the ism manufacturing report and ashley has a number. The number is 49. 0, that is better. The estimate was for 47. 7, however, that is still in contraction anything above 50 expanding anything below contracting which means that is the 11th straight month now of this particular index being an contract