Control. For example, the euro swiss rate, saw the dollar start to be stretching while these might be esoteric, sometimes theyre tell tale signs. Investors were worried about whats happening with President Trump, whats happening with u. S. Policy, and the big danger would be loss of confidence and potential crisis for the dollar. I dont think thats going to happen, but well see. Certainly the most recent moves in Euro Dollar Exchange rate are interesting. What do you think the fed makes of the jobs report, it is only the july report, talking about a potential december hike a couple months away, i know wages number is still pretty low. 2. 5 do you think despite that the fed is now embolden, wanting to do a third hike . I think they are. The parliamentary speeches from the fed would suggest they do want to continue the mobilization of policy give us color fresh spin on what intentions are, but i think embolden by the jobs report in line with what theyre expecting, u. S. Economy mixed dat
And welcome to power lunch, the bears are out today. The dow and s p 500 having their biggest oneday slide since the beginning of july. The s p 500 in fact falling below its 50day moving average for the first time in a month. Wall streets socalled fear index, the vix soaring hitting the high in five weeks gold meantime, hitting a twomonth high retail to blame. Macys is down 9 . Kohls and dillards also getting whacked. Jc penney being taken down here, brian. We begin with your money and investments. North korea, of course, grabbing all the headlines, but the defense stocks are mostly lower today and apple is the biggest drag on the dow. So is all the saber rattling really to blame . Live in washington with the latest on north korea, bob though at the nyc, bob, let us start with you how much are you hearing is north korea, is valuation, or maybe just a normal, healthy august pullback . You know, id say 75 is concerns about north korea, but we do have some High Expectations on the earning
It like they heard it and frankly the people that were questioning that statement was it too tough, maybe it wasnt tough enough. Maria this as china staterun newspapers calling on its government to, quote, state neutral if north korea strikes. President trumps comments taking a toll, in asia overnight, stocks sliding, hang seng sliding 2 and japan was closed but the shanghai down as korean kospi index. In europe this morning, declines across the board. Decline of better than 1 right now. In the u. S. We are taking a look at another down day, fourth straight decliner on the week, the industrial average expected to begin a fraction, just 18 points, nasdaq down a quarter of a percent, 14 points lower. Police officer survives a shooting that was caught on his own camera. The scary scene and heart wrenching moments when he relays a message to his family. Thats coming up. Tracking money used for terrorism, new report in wall street journal, isis funneled money in u. S. Operative through ebay
Dow on track for the worst month since january. Icahn the latest the step down as an adviser to the president and now looks like there maybe communications with all of that and another shot fired in adps ackman battle. Well break down what that means. Four week losing streak for the nasdaq and given sort of these levels here. Not surprising that the dow is on track for the first month since january. I have been watching and reading and theres people that feel that a 2 correction was warranted. Thats not a correction. I mean, we had a meandering. Things have been good. Theres things like foot locker that are devastating things like estee lauder its just hanging in there oil tried to put a bottom in on friday news camp was good for oil but that was the most noteworthy thing that i saw obviously the bannon news was okay cohen in and banno out. The failed socalled bannon rally bother you. Not at all. Were at a moment where theres more people taking vacation than usual. These things i know
Hello and welcome to the show. Im sammys. I then following the southern death of president abraham, the se, in a Helicopter Crash last month, voters in iran, now twos in his successor. The Guardian Council initially approved 6 male candidates from a pool of 80. They include one reformist and 5 conservatives, but some dropped out the nation facing political unrest, economic challenges, and tension with the west, over the nuclear program. The stakes, all high, and potential conflict between israel and 11 and further increases that significance. So what pos might the country take off to the vote . What might be the outcome for a wrong . And for the world, well discuss all of this shortly. But 1st, this report by exxons im of which inflation at record levels and widespread short digits of essential goods. After years of sanctions imposed by the you, why sydney you, you ran and search. Is it a new president . A month after that that theyll be breaking recei many said they have little hope o