And spending the consumer wants reliability and the consumer will pay for it thats the lesson of the icr, the big consumer conference i spent all day learning from. A day where the dow gained 150 points, s p climbed 0. 13 and prices were higher earlier today. So many retailers are suddenly doing so well from kohls to childrens place to restaurants like darden. Remember, they are owned by olive garden and then end up with a winner, of course, it is never that easy i think its worth focusing on the consumer side. At least for now even as many of the big gains in the market are coming from what we call the capital good, companies that benefit from the global, not domestic but Global Economic expansion look, ive been recommending boeing for 240 points. Im not whacking away. In fact i think this 318 stock could easily go to 400 bucks caterpillar will be huge, accounting changes in the new tax code and thats not baked into the stock as much as they try to do so united technology, honeywell,
Missing mh370 plane . Malaysia sends investigators to find out. Robin adams with the sport the latest from the third ashes, and the Worlds Toughest foot race enters the final stages. We are in california later in the programme the verdict in the retrial of three al jazeera journalists in egypt has been postponed until august the 2nd. Mohamed fadel fahmy, Mohammed Badr and peter greste were accused of colluding with the outlawed muslim brotherhood. Charges they and al jazeera deny. Al jazeera journalists say justice has been delayed again. Mohammed badr and Mohamed Fadel fahmy arrived at a cairo court hoping to hear a verdict reflecting the truth that they are not guilty. Instead, they were told that the case has been postponed for a week. Its disponting what happened. Reporter their colleague peter greste who has been tried in absentia says they victim come to expect delays. They hoped there would be closure at this stage. The only thing that defines us is the verdict. Reporter Mohamed
11 15, london time. If you look at the dollar, its heading higher. Thees speculation that next head of the Federal Reserve will be hawkish. There is a little bit of concern about north korea. That also gives geopolitical risk more of an impetus. Touch,o is weakening a as investors weigh during the standoff in catalonia. That is the expectation that brexit talks are heading for a breakdown. I am also looking at gold. Lets get straight to the bloomberg first word news. Reporter north korea has warned that a Nuclear War May break out at any moment. The comments come as the u. S. And south korea began one of the largest joint naval drills in the peninsula. Un expressed that his country is a Nuclear Power and warned the entire u. S. Mainland is in range and called north korea responsible nuclear state. Brexit missions to aussels might have been flop. According to a person familiar with her teams views, Senior Administration are now losing faith. Mitch mcconnell has presented a united front,
Plus, the lute against lularoe. But we begin this morning with todays eye opener, your world in 90 seconds. Pouring rain like a tropical storm. Its made walking extremely dangerous and hard to do. A powerful storm batters the northeast. Bringing heavy rain, battering winds and disrupts travel plans. Youre not done yet. Whoever gets indicted is going to be in serious trouble. Robert mueller will issue his first indictment today. Its likely to be mike flynn or Paul Manafort. If youre the person, you know. Kevin spacey apologizes for making sexual advances on a 14yearold boy in 1986. They cancel their contract with whitefish energy. It doesnt go forward in favor. All that 97 yard. Holy smokes. And all that matters do you think youll be remembered for the back to the future maneuvers or for a cure for parkinsons. If it happens, it a going to be for a movie or tv show. On cbs this morning. Ties this. A lot of people are going to wake up. They cant believe it. Pivotal series. It turns into a
Anchor Deborah Norville who will join us here in studio 57. But we twin this morning with a look at todays eye opener, your world in 90 seconds. If youre Paul Manafort, this is not good for you. Muellers coming for you. You have Serious Problems on your hands. Lets not sugarcoat that. The first indictment in muellers investigation are handed down. They are moving aggressively and thats not surprising. What i would say the important thing about today for the American People is the president is not under investigation and no one has told him that he is. Pouring rain feels like a tropical storm. Driving, walking extremely dangerous. A major storm is slamming the northeast. Bringing heavy rain, damaging wind and significant travel disruptions. And youre not done yet. Kevin spacey apologized following allegations he made sexual advances on a 14yearold boy in 1986. The Power Authority in puerto rico moveded to cancel its controversial contract with Whitefish Energy. It doesnt go towards the