You believe that an anecdote on twitter about a cookie that cost 18, is that reflective of our economy and where were at or not . I certainly hope not. I dont do much shopping these days, but that sounds like a pretty expensive cookie. Yeah. And, now, i believe that the American Economy now is the envy of the world after everything right now, correct . We are yes, were performing very well compared to our peer group. Pretty great. And is it fair to say that the stock markets are all up at record highs, right . Pretty close. Yeah. And inflation has been pretty effectively addressed, right . Sharply since the middle of last year. We have a ways to go on that, but weve made a lot of progress. And corporate profits are pretty robust, is that fair . I believe it is. Okay. Well, we can agree that and i dont understand why more people seem to be talking about a cookie that costs 18 but it seems to be against the evidence as well, but given that now, since things are pretty great and were in a
By almost 2 . Amazon is up sorry 9 right now, coming up with the latest and betterthanexpected quarter in amazon with the stock on the move. European markets meanwhile look at the eurozone, s p 100, cat crown and the dax index higher although the best performers in paris cat crown up one half of 8 . In asia markets mostly higher fractional moves across the board as you can see. Back in washington the house releasing the transcript of devon archers closed testimony with the hunter biden the business associate and fellow board member said bereavement may have gone under without the help of the socalled biden brand. As President Biden take strange victory laps and the Vice President is insisting that bidenomics is working, former President Trump pleads not guilty to four federal counts in the january 6 investigation. Joining the conversation all morning long the lonski Group Founder john lonski. Gop strategist and cyber expert chris. And fox business kelly ogrady. One is with maria is liv
We are live from washington, d. C. We are talking about the state of the Union Message tonight as President Biden takes center stage. The nations state of the union is unhappy, demoralized, even fearful if you ask me. Our very own John Robertses will be here in a minute. He will lead us off what we might expect. Speaker of the house mike johnson will join us. He will be here to talk about whether the border catastrophe will ever get solved, will we ever see a balanced budget in my lifetime . I dont know. Senator marco rubio may have something to say about joe bidens cockamamie idea for the u. S. Military to build a port in gaza, more insanity. Senator rand paul will be coming around. Will joe bidens spending spree ever be stopped at home or abroad . Kevin hassett and steve moore why biden tax cuts will backfire. Biden tax hikes i should say. Then my favorite congresswoman, Claudia Tenney, she will report on Donald Trumps own state of the union prebuttal, very cool. First up, a couple t
Were also following the latest out of Alameda County with an update to a story now about a side show ordinance that required jail time for spectators. Theyve adjusted how much time folks that ercot will be in jail and scientists have found theres a red tide spreading in the water across the bay area. Well tell you where and what you need to do about it. Good morning. Im darya and im james fletcher. 8 oclock is the time on this wednesday morning. August 2nd, thank you so much for joining us lets take a look outside. You can see its been great out there. Weve got a long way to go before we see sunshine, but we lets get the news on the weather from yeah, i got a little bit for you, but you have to head up really high to see it right now because lot of us are shrouded in that day. And, you know, this view the Mountain View where you can look out. Over that blanket of cloud cover thats rounding out the rest of us right now. It is going to take longer for us to get there for sure. Got a lot
Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week you have had longer term yields really going higher, not much because of repricing what the fed is going to do, but just in general, a lot of dynamics pushing in that direct