That key 3000 level again. Joining us for the entire hour nancy tangler from tangler wealth management, welcome, nancy. Thank you, sara. We are seeing a nice rally on wall street. What are you doing right now what are you buying . Still focused on the consumer the china news is good but i dont expect us to get a deal soon u. S. Consumer. Yes, thank you. Although china did pretty well according to coke. Yeah, great interview by the way. Thank you mcdonalds, home depot, starbucks, those are some of the names we like in the consumer space as well as coke, one of our largest holdings. Who do you think likes the bachelor more i didnt know tyler was a fan. Im a super fan. Anyway lucky were getting that show on cnbc. Theyre one of the best couples. The new show. Oh, theyre from the bachelor. Im lost. Kayla tausche and seema mody has United Technologies and josh lipton has details on potential app de apple deal in the works and diana olick. Kayla, lets start with you. Wilf, theyre expected to
They see an increase in the price of steel thanks to tariffs , so conagra is not doing well today. Down 2. 1 . There is a takeover attempt. It is being bought primarily for some of its features. Guy . Guy g20 leaders meeting in osaka this weekend. We seen the chinese president arrive in the u. S. President arrive. Investors watching for the outcome of the bilateral discussion between these two gentlemen, in particular whether or not we are going to make progress when it comes to the trade war. We are joined now by Neil Ferguson, senior fellow at the hoover institution. Good afternoon. What is your expectation for what is going to come out of this meeting . Neil i dont think a great deal is going to come out of it because i dont really see that either of the two leaders, trump and xi, have a strong incentive to make concessions. Trump i think senses that the chinese are on the back foot, that he has the upper hand here. Hes playing them, as he loves to do, by saying on one hand he is in
Magnificent seven are in correction territory but nvidias getting a boost ahead of its earnings. And were going to keep focused on those economic challenges in china. The countrys central bank cutting a key Interest Rate by less, though, than many had been anticipating. Oh, yeah, who is many anymore . Slew of press over the weekend as well. The journal writing kind of a devastating headline. Is it over after 40 years . Yes, definitely over. Who can say this stuff . We were here. We were lucky enough to witness the fundamental change in the chinese economy. It happened over the weekend. Happened over the weekend. Theyre trying to be a service economy. That was it. Done. Maybe president xi has just said, you know what . Every bankrupt artist, every ridiculous guy who built too much and every ridiculous person who tried to get extra yield, sorry. Why not . Why not clean up the excess . Well, but the question, of course, is, contagion. Oh, contagion. Yeah, some of the huge promote companie
Here to discuss all that is adam parker, Research Founder and ceo, and a cnbc contributor. Adam, there were all kinds of reasons it made sense to anticipate a little bit of chop coming into august seasonals, sentiment, technicals, valuation, arguably, yields are doing what theyre doing, but Corporate America has kind of shown its hand on earnings for the most part this earnings season. Better than anticipated. The consensus is holding up on a forward basis. Where does that leave you in terms of whether, in fact, you know, the market can skate without much more of a correction i mean, if youre reacting week over week or, say, over the last month, i dont think the data make you more negative. No. I think if you were starting july 1, saying, im 50 , were up ten, down ten, im like 60 40 up now because i think the Big Companies delivered pretty Solid Earnings reports their earnings are up pretty much for all of them, google, amazon, meta nvidias numbers are up. They didnt even report yet. S
Good morning, this is bloomberg daybreak europe. I am tom mackenzie. Stocks in asia make china weaker despite reporting a surge in exports after the fed chair jay powell keeps the door open to Interest Rate cuts before the end of the year. We believe that our policy rate is likely at its peak for this tightening cycle. If the economy evolves broadly as expected it would be appropriate to begin dialing back policy restraint later this year. Tom it investors look to europe with the ecb said to deliver its latest Rate Decision and new economic forecasts. Yemens houthi rubble strike a commercial ship killing three crew members an escalation of the red sea crisis. From geopolitics to the earnings story, we are looking at what is causing in terms of lufthansa, the redhead on the terminal, adjusted ebita on prior year levels, so they expect on the forecast. You will get a repeat of what came true in terms of earnings for 2024. In terms of revenue for the fourth quarter, 8. 7 seven 6 billion e