I rarely read news articles on me. Even alter isaacsons book, i asked walter should i read the book and he said no so i did not read the book on myself. I actually dont quite know what the Public Perception is. Except that the nature of news is that it is going to be salacious. It is going to be somewhat of a caricature because the more crazy something sounds, the more clicks it will get. When you think about a news story about something you know well and say, how accurate is that new story about something you know well, i think you will find it is not very accurate to that is true for everything. There is sort of a desperate quest for clicks. The more crazy the headline is, the more clicks it will get. This is not to suggest there are not true things by the media. It is best thought of the medias best thought of as a click maximizing machine and not as a truth maximizing machine. I think it is best to look at the words someone says themselves as opposed to what is written about them.
Cap then i put it down not on my head but on the desk of my day job on jacsquawk on the street i wouldnt put it on was i concerned about a jinx the dow dipped and the nasdaq gained 0. 65 led by the semis. I dont think not wearing the hat was about a jinx but something more pernicious, frankly. Back in the 80s and 90s we celebrated each millennial milestone on the way up. They were hard fought and sometimes they were trapped when the dow was stuck in the 2000s from july of 87 to january of 1992, a crash like we had in october can do that sort of thing. Other times we breeze through the milestones lost some hats, beautiful days then came the turn of the millennium and while the dow held in there the 77 collapse of the nasdaq was too much for people to handle a whole generation of investors vanished many never came back those that did came back, they got crushed by the Great Recession when those round numbers reversed and reversed hard and cut by more than half at the bottom. Thats when i
Rocked by a gas related explosion. Three construction workers are being treated this morning. We have more live from the scene of the explosion in marble hill. Reporter well, chris, the damage is just on the other side of the building behind me. The three construction worker, two of them in serious condition and another one critical at the hospital. Meanwhile, investigators trying to pin point the cause of that blast. The blown out facade and mangled debris at jfk high school inspected by fire investigators overnight. A lot of work being done right now to decide what were going to do going further to stabilize the building. Reporter a powerful blast that left the neighborhood shaken. We thought it was a terrorist attack. Reporter happening just after 8 00 thursday night was so loud, the blast from jfk high school jolted people nearby not knowing what was going on. Oh my god, we we want outside and my neighbors were like, do you feel that . What was that . And right away, we heard the s
The horizon with energy experts. Plus, the drop in crude could be seeping into the Banking System of our neighbor to the north. The royal bank of canadas ceo joins us in a cnbc exclusive on the back of his companys earnings. Also ahead how much of what we see in the rally is the result of the fed trying to calm market volatility. Were live in jackson hole with the latest headlines. Dont forget, of course, the new york fed president , importantly, spoke today. He did. And markets are reacting. Lets get to full Team Coverage of these markets. Bob pisani tracking the moves here at the stock exchange. Courtney reagan over at the nasdaq. How do you feel going into the close today . Better than yesterday. I want to show you the dow. At this time yesterday, we were fading going into 3 00. That is not the case right now. Dow jones industrial average is essentially almost at the highs for the day. I think 16,100 right off the open. Were essentially there back to the highs for the day. The marke
Street. Im Carl Quintanilla with jim cramer david faber is off today we get strong retail sales for july up. 6, nearly twice the estimate europe is mixed. 10year note near iing 10. 10 no. And netflix on his strategy to beat the Competition First up, under armours brian plank and intels krzanich join Kevin Frazier in resigning from the Manufacturing Council not all of them worded exactly the same way. Thats the most important thing. Theres different constituencies mr. Frazier from merck was offended it wasnt immediately labeled as white supremacist, as opposed to extremism of all race and color. Not mentioning the president by name. And kevin plank took some heat for being on the council. His constituency is made up of not just people who are shareholders and work there but people who he hopes to be able to get to endorse. So they all come from different constituencyies. Like larry somers says, everybody should resign. It depends on your constituency. It is of no interest to the public