Futures coming back slightly, but now goldmans out with a new very pessimistic note on the market. Hp is buying samsungs printer business for 1 billion. Were going to talk to hp inc. s ceo about that deal in a cnbc exclusive squawk box, donald trump saying were in a false market. And janet yellen is keeping rates low because president obama wants her to. Well have much more from that interview coming up as well. First up though, futures are recovering a bit after this mornings losses following the friday selloff sparked by those rate hike fears. This morning atlanta fed president Dennis Lockhard saying theres been enough economic improvement, he says, for a, quote, serious discussion about a hike at next weeks fed meeting. Nearterm theres enough economic momentum to basically say the fed has met its goals, in the medium term, mike. Yeah, seemed pretty noncommittal. Obviously they were going to be having serious discussions at the meeting in september anyway. I think the market, the bon
Threat. Well take you live to the white house as well. David maybe a little politics involved in that. Get back to the markets. Dow bouncing back from fridays 400 point drop. Dropped by proctor gamble, cocacola and you cant forget about the fed. Oil following stocks higher. Phil flynn, fox business contributor has the story from the cme. Ashley webster on the floor of the new york stock exchange. Ashley, was it all fed talk that did it . Pretty much, david. Best news they enter black out period where they cant say anything from september 21st when they start to meet next when they come out from the decision. We dont want to hear from them anymore. Certainly traders here on the floor have been tearing their hair out over the fed for years. Now they say they have no credibility. Certainly markets are paying attention, up 239 on the dow. Look at intraday here. This is the s p finishing up 1 1 2 , but as you mentioned losing 400 points on the dow, last friday and perhaps one of the biggest
Way you are the one thing in my way good morning. Welcome to Worldwide Exchange on a friday. Im sara eisen that and im wilford frost. A new song called my way. 1 moves up for the major averages. The dow closing up almost 200 points. Were getting a tad bit back ahead of more economic data. Dow futures down 6. 5 points. Nasdaq down 12. 5. A choppy trading. The indices beatsing a twoday losing streak yesterday. App sl a big story. Well get to the chart of the week in just a moment, but apple up more than 12 this week alone. Its been a stung rise. Which has meant as well the tech sector, but theyre the performer of the week. S p 500 and the dow up 1 . Taken into positive territory. The nasdaq is up 2. 5 . Well see what happens today. As for the treasury note yield, a lot of hand wringing over higher yields but actually were at 167, which means they havent budged much from last week. Industrial production and retail sales notably coming in below expectations. This is all ahead of the big Fe
[cheers and applause] thank you. Neil i point out that in the latter, that is Donald Trumps planned press be event, he kept everyone sort of dangling for a couple of hours before he made that short, simple, declarative sentence. But not before a whos who of military brass, medal of honor winners and the like dating back to the vietnam war, were singing his praises. Brilliantly orchestrated or a way to avoid an embarrassing comment . You decide. Right now we have former bush 43 spokesperson mercedes schlapp, democratic strategist jim kessler, and our own charlie gasparino. In a week he has been cleaning up that is, in the polls can be did this help or hurt donald trump . Help, i think. He controlled the news cycle. What donald trump is not good about is trying to keep some stuff contained in his head and not going off script. But in many ways when hes on script, he controls the news cycle. Think about what he said here. He had a bunch of military guys come out, they all said nice things
Here to welcome fans inside the store. The line here, i can tell you guys, does stretch down the block. The new features and functions, fans excited about obviously this is a faster phone, a phone with a display thats about 25 brighter, and that new camera, at least according to fans weve been talking to online, that is the feature that has them excited. We talk about this phone obviously initially, expectations did seem relatively tempered, but then we did get those better than expected preorder numbers and, yes, we know the carriers were offering aggressive promotions, but financial Analysts Covering the company did still see the data points as encouraging. Now the question is how many people will upgrade and can the upgrades jumpstart the iphone franchise . We know thats a franchise which has seen two straight quarters of sales declines. The great bull bear debate. Bears like Collin Gilles are not competent. They think these changes are too incremental. On the other hand, you have g