Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that outlook from not just the geopolitical events but slowing Global Growth. Well be looking at all of that and also Financial Market conditions and how they are affecting the outlook. I cant it is a challenging time i admit it were not on a preset course well be making decisions meeting by meeting as we see this and well try to be as trance parent as we can, as we go. Sparent as we can, as we go with the rate cut today and modest adjustment coming down the road, do you worry about lessening the fed
The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
Mcmullen on persistent inflation and how the consumer is doing at the grocery store. Its a big deal for sure. Topping tape this morning is the focus on the fed and what youre seeing right now from markets is wait and see, Holding Pattern, if ive ever seen one. The s p is just about flat on the session and the nasdaq is outperforming, if you want to call it that, sarah. Its up about one quarter of 1 . Right now, weve got cnbc senior economics reporter Steve Liesman joining us right now steve, sarah and i talked about it this is very much about what the fed is going to say. Is there any surprise happening or is the market pretty much just baked in, that one quarter percentage point hike at this point . Actually, both of those are true the market has baked it in, but i think theres some possibility that the fed looks at the landscape, especially the landscape as tainted yesterday by the Regional Bank, the decline of Regional Bank stocks, and says, you know what, this is a problem here and
If it closes up higher again today that will be eight days in a row of gains thats the first time the nasdaq would have done that since february of 2015 got a whole lot of earnings coming out that will very likely influence where we trade today look at the dollar dropping to a tenmonth low against a basket of currencies the euro rising above 1. 15 for the First Time Since maze of 2016 look overnight in asia the nikkei down by 0. 6 . Markets in china were higher with the hang seng up 0. 2 the shanghai up by 0. 3 . In europe, in the early trade, you will see dax is weaker down by a half percentage point. The cac is down by a third of a percentage point markets flat in london with the ftse sitting just fractionally higher lets get you through the big corporate story of the morning netflix shares soaring to new highs. The company added 5. 2 million new streaming customers in the Second Quarter thats 2 million more than wall street predicted most new subscribers came from foreign markets. T
U. S. Dollar versus the Canadian Dollar. Again, all of the things that have been happening with that potential trade war. Tariffs being slapped on canadian lumber. We will talk more about that in a moment. Take a look at what happened in the asian markets. The nikkei ended up by 1 . The hang seng market was up, too, up by a third of a percent. There are green arrows for most of the major markets. The cac in france is indicated up 0. 25 . The dak x is is slightly lower. If you look at crude oil prices, wti is trading below 50 a barrel. Its up 13 cents, but wti for the june contract at 49. 36. Among the other top stories, tensions with north korea on the rise. Today the country reportedly conducting a big livefire exercise. All to mark the foundation of its military. Top Trump Officials will hold a military briefing tomorrow at the white house, which will include the entire United States senate. The Trump Administration plans to impose a new tariff on canada. Wilbur ross announcing the p