Weather pattern could mean for commodity prices. And the end of the dreaded annual performance review. Why it is now falling out of favor at so many more u. S. Companies. First, though, lets check in and welcome sarah eisen. Hi, sarah . Hi, tailer. Well begin the show with the housing market, Home Building rising to the highest level since 2007, a key measure of future construction plunged. Diana joinings us live from washington with all the numbers and back numbers. This is stocked full of contradictions. Single Housing Starts took a nice move up, nearly 13 for the month. Multifamily down 17 . Look at the big picture from whens we came. Single family construction is 25 below the 30year average. Multifamily is trying to make up for a decade of underbuilding. The Single Family construction surge in july much needed, yes. And it plays into the home depot numbers that were so stellar. Even when people buy new, they fix it up to their own liking. Some say the retailer needs to play to prof
Labs. There were promises that her company is going to survive. From bloomberg World Headquarters in new york, we are about 30 minutes into the trading session. I want to head to the markets desk where julie hyman is. It has been a mixed bag of earnings. We are at the hyatt the market. Julie we are at the high this session. That is partly because of earnings, partly because of a rally in energy and material stocks. Those are the best performance rear watching today. The nasdaq is lower at the moment. The s p and dow are holding on to their gain. The dow extending gains from yesterday, a ninemonth high. The nasdaq was at the highest of the year as well. It had paired its declines for the year to less than 2 . You can see it is lower today. It is now down a little more than 1 on the year. The s p and dow are higher and that climb is building. We should point out if you look at the s p by a couple of other measures including its total return index which fasters factors in dividends or equ
By contrast, the republican event relatively calm. Donald trump read from notes, no off the cuff insults, the fights were outside, streets shut down, chaos, 24 arrests. Look at this, the new fox poll shows trump extending his leadment bernie closing in on hillary and the biggest shock of all, socialist sanders, beats all the republicans in head to head matchups and beats everyone on likability and integrity. Moving on despite the apartment popularity of socialism, the dow is only 70 points and 18,000 and closer to an alltime high. Varney company is about to begin. Read this and weep. You better fill up your gas tank today. Gas keeps going up. Wa, wa. Stuart up another penny overnight. 2. 11 is the National Average. Gas is up 42 cents a gallon from the low in january of this year. How about dow futures. How are we going to open this friday morning . Down just a little. Not much. Here is why were going to open down, its oil. Its back to 40 a barrel, down over a buck. A big meeting in qat
Of these winners that we now affectionately refer to as the fang stocks . Two Money Managers go head to head, one still likes and the other one says maybe time to look elsewhere. Two emerging market currencies that could have major implications for the boarder market. Why everybody should be watching them, ahead on closing bell. Lets start with this friday selloff, bob pisani on the floor here at the exchange. The bottoline is we are not getting any bounce at all. We opened we gapped down more than 20 points on the s p 500 and essentially we have been sitting at the lows all day. There have been really no significant attempts to rally and every time we have hit a lower low weve seen a little spike in volume. Five to one, seven to one, somewhere around there declining to advancing stocks, notably weak of course oil and oil stocks under new lows here, right across the board, apache, big company down 6 , here is exxon, the majors arent down nearly as much, down about 1 . Defensive names a
Happened. The two iraqis in kentucky was were the most shocking example. They had done bad things in iraq, lied to get into the country, and had our Current System been in place, they would have been caught before they got here. That is why the system has been improved since that episode. You had said few things in life are riskfree, i heard the governor of Washington State say you take a risk when you get out of bed in the morning, there are a lot of dangers in the world, absolutely, but i think the program we run does as much possible to reduce the risks of bringing refugees to this country. We have great confidence in it. We invite members to come out to the field and meet some of the people and sit through some of the briefings by leon steen that i sat through leons team that i set through. Ms. Richard, that is what hates that is what makes me hate waste, fraud, abuse, deception so much. When anyone engages in it, it impacts those that would never consider engaging in it, because i