The Investment Committee is ready to go. The halftime quart rotes starts right now. Welcome, good to have you with us on this tuesday. Joe, brothers najarian and Courtney Gibson the president of loop markets the stocks were positive not so much any more because yields are very much the story, yet again, steve this dazed and confused market as we said at the top. Doesnt know what to make what is going on in the current environment and neither does wall street because the notes and the advice being passed around today is at odds. So, when you invest in a stock, you want the reward to outweigh the risk. You know there is risk to everything you do. And you know that youve got to talk about a time frame and have one in mind. Here, i just think very uninvestful market and a best in balance and anything favoring the down side. Multiple expansion to get us to the levels where we are. Earnings have come down meaningfully and the markets held levels just 18 months ago when china was not so front
President. Road map begins with stocks moving lower ahead of the open, investors digesting trade war fears, latest jobs numbers, the uncertainty about the feds next moves. Trump tariff threats, the president promising to tax the hell out of china until a trade deal is reached. Oil prices recovering after the worst trading day in four years. Both exxon and chevron moving higher after reporting Quarterly Results this morning. Along with inline results for july, payroll gains were revised downward for both may and june the Unemployment Rate held steady at 3. 7 for a second straight month wage growth 3. 2 from a year ago, but manufacturing weak, year to date average 8k, works 22k last year and santelli pointed out, manufacturing work hours, the lowest since 2011. We know where this is all coming from. Were continuing to get a tale of two economies. Overall a healthy job report, came in line, better participation, better wage growth, a lot to be encouraged about, but there are pockets of we
Look at europe. Those numbers are even stronger. You want to see this thats what i was thinking. Wow is that because of our deal here we dont like crises crisis averted. Yeah. Only adding another 300 crisis kicked down the road. Right it gets interesting when you think about the timing of when the next will be treasury yields at 2. 055. Hes like the cnbc app. Youre like a human version of the cnbc app. Joe just recited it before the show began like rain man i decided since you you may or may not know thank you. I cant sleep. Im like cramer, up at 2 00, answering people on twitter. Talking to people. Trying to help at 2 00 in the morning youre doing this no cramer is. Cramer at 3 45 is. I know. Yeah. Its decision day in the uk. The conservative party suspected to name a new Prime Minister today at about 6 45 a. M. Eastern time well bring you that decision as it happens former london mayor Boris Johnson is seen as the clear favorite theresa mays successor will take over tomorrow afternoo
And fight night. Round two in the motor city. Ten more democratic president ial hopefuls taking the stage and debating the issues that matter to the markets and your money kind of. Its thursday, august 1st. Worldwide exchange begins right now. Afternoon, good evening and welcome from wherever in the world you may be watching. By the way, welcome to august. Im Brian Sullivan thanks for joining us. Behind us here is the intraday action in the dow yesterday. The dow from peak to trough fell more than 450 points the upside is that the index closed off ets worst levels of the day. The dow finishing down still 333. Its all because of this man right here fed president jay powell delivering the banks first Interest Rate cut in more than a decade the problem for stocks is that powell also failed to deliver a guarantee of more rate cuts down the road something both investors and one guy in the oval office are really hoping for. It all came down to two small words, mid cycle adjustment. The commi
Former dallas fed president Richard Fisher is with us live and we are hours from a key report from netflix. Which way is this stock going to move the Investment Committee is ready to go. The Halftime Report starts right now. A lot of good questions there. Of course, its good to have you with us on this wednesday. We have a very good Investment Committee as usual for you jim leventhal, steve weis, jonny in najarian. Not for investors, not for today. Csx shares derailed. Investors suffering their worst day in more than a decade. A lot to unpack here lets get to frank who has been following the story since last night. You were just talking about economic indicators. The economy is strong. Retail sales strong. Unemployment at record lows. Inflation not a worry. But their new fears of a freight recession. Now csx, lowering guidance from 1 to 2 growth to a 1 to 2 decline, largely due to weaker demand for domestic and export coal and the everpresent trade tensions first half volumes fell 4 ce