To have every reason to be down again today in a followthrough and fought through. What do you make of it . We are not buying the same stocks. People have to understand. Part of the market on fire, no good. Look at a stop like bank of america. Look at wells fargo. There havent been bids underneath these stocks. Stocks that the liesman interview with stan fischer is calling for multiple rate hikes. Now, maybe they walk them back, but we get a strong employment number, these stocks continue to fly. Something to live more. Best performing sector today. On fire. This the buy signal in the group . Saying it the last six months, been dead wrong. You have to keep buying these. Buy the ones jim said, the regional banks. The signal that will happen, the economy is okay. If the economys okay, banks will do fine. Trading below book. Trading at a market discount. No money is in the sector, strong balance sheet, dividends, everything people were buying in staples and telecom. And also the ability t
We are working to confirm that the second state was in fact arizona. Eight ip addresses each unique numeric code identifying an individual comsoftware to scan f election website for vulnerabilities and then after successful breach voter data was stolen. At least one of those was used in this. The same the threat prompted Homeland Security secretary to hold a Conference Call with state Election Officials in mid august offering experts to scan for additional weaknesses and to shore up the voting system. An official said the targeting is serious. If we ended up having a razor thin election and theres any question of a small number of votes that could create a crisis of confidence in the entire electoral process. Homeland security is responsible for this. That the federal government should also provide a safety net for the process. Whether its the National Committee to the voting itself. Thank you so much. Catherine is with us there from dc. Deirdre speaking of compromised systems hes been
Im sara eisen. Good morning from me as well. A big day ahead on cnbc as we bring you a front row seat to the sixth annual delivering alpha conference. Bringing together the most important players in Asset Management and tackle the Critical Issues facing investors in todays economy. Among the headliners treasury secretary jack lew kicking things off. His predecessor tim quite quite speaking, paul singer, steve are schwartzman karl icahn. Another tripledigit move here in the premarket. We saw this kind of move yesterday completely reverse course and the dow closing up more than 200 points. Dow futures under pressure again, minus 112 there. S p futures are down 14 half points. Nasdaq futures are down about 30 points as well. Again this after yesterdays reversal that clawed back more than half from fridays big selloff. Amazing turn around. Yesterday we were looking at similar futures declines. By the end of the day two sectors were up less than 1 , energy and materials. A massive rally tha
Im sara eisen. Im wilbur frost. Were paying homage to beyonce. She officially has the most vmas beating out the other songs. Lets check in on the gloeblg markets this morning. Coming off of the down week for u. S. Stocks. All three averages closing lower. Bulls rattled on friday by talk of Interest Rate hikes out of jackson hole. From janet yellen and Stanley Fischer. Futures under a bit of pressure. Not doing a lot this morning. Down 1. S p up. 01. Nasdaq futures down 1. Friday was a big day. We did break out of some of the ranges. That includes the tenyear treasury note. Yields shot up on friday over the 1. 60 level. Multiweek highs there. After that yield for the twoyear yield which is closely tied to a fedex increase. She said the case is strengthening for a rate hike. Fischer clarified in remarks that means september is on the table. Twoyear rate hikes is on showing a slight hawkish overall tone from janet yellen. Lets look at european trade. London is closed. Its the august bank
Right now. A very good morning and warm welcome on cnbc. Im wilfred frost along with morgan in for sara. Welcome morgan. Good morning and thank you for having me. Im excited to be here. Its my first time and im really excited to be your copilot early hour. Great to have you with us. Very good morning. Happy friday. Lets get straight to the market action. We were a little soft yesterday. A quarter of a percent down. The nasdaq a little softer still around. 50 declines. Were expected to go into a Third Session in a row of declines today. You can see now the dow called lower 30 points. The s p 500. The nasdaq by around 12 points. Yesterday energy over took telcos as the best performing sector year to date as wti rallied 4 . In general, though, it was a theme of taking money off the table. The ecb failed to deliver with sufficient dovish action or rhetoric. Either way we didnt get what we expected. Markets lost a little bit of steam. As we look at the bond markets, we did see yields tick u