For u. S. Steel teslas awful august rolls on and the casino stocks crapping out, after a monster heater. Im melissa lee, this is fast money, live from the Nasdaq Market site. And we start off with a surprising reaction to a pretty disappointing earnings report. Shares of target rising nearly 9 immediately after posting q2 results. The stock closing off those highs, but still up nearly 3 on the day. The move despite some big negatives in the numbers the company reporting its biggest revenue drop in seven years. First samestore sales decline in six it slashed fullyear revenue and profit guidance. Still, even with todays gains, target is far underperforming its retail peers, down over 13 versus double digit gains for the likes of walmart, which reports tomorrow morning so, does targets warning raise a red flag for the entire consumer space or is this a targeted issue karen, what did you make of these numbers . I was surprised at the reaction we talked about this in the green room it wasnt
questioning some with regards to lindsey graham but it will probably not ultimately prevent him from having to testify as these appeals go up the chain. other witnesses have attempted to block the subpoenas from testifying. by and large graham has been told that he is a witness and not a target. the da is interested in the calls that he made to raffensperger that the sticker terry of state says that graham tried to influence him to throw out legitimate votes. graham denies that. he says he was just checking on the election integrity and that ultimately he voted to certify the election. but he is known on capitol hill as one of the people who was closest to donald trump. if this investigation is making its way up to trump, lindsey graham would be someone with direct knowledge and conversations of what donald trump was doing at what he was asking of lindsey graham. i want to also turn to the investigation in florida. we are juggling, covering so many investigations across t
get gas, like, everything s just more expensive. neil: americans speaking out and freaking out over prices still rising as their 401(k)s keep plummeting and now a new report warning that inflation may be staying and may be much longer than expected. a new fox poll that shows more voters are blaming the guy in the white house. before you run for cover, just know we ve got you covered with lucas tomlinson at the white house as president biden says it s not inevitable we ll have a recession. susan li on the markets indicating we already might be in one. first to susan li, taking stock of stocks just, well, taking a hit and a big hit at that. horrible week. yeah. well, you saw it, neil, the worst week for the stork market in two years stock market and that s after a historic rate hike by the federal reserve, the single sharpest move in 28 years by the central bank, and they re trying to move quickly. as a result, money fast in the markets, the dow jones falling below 30,000
John throughout the whole process the prosecutions star witness admitted time and time again today that he lied under oath in many situations from being deposed, from being in front of congress, all kinds of opportunities where he was facing legal jeopardy and lied under oath. All of that laid out by todd blanche in great detail. Also making it vary clear that 1 of his deepest hopes is to see the former president locked up. Well be under the presumption that theres Justice For All Of Us what cent me to prison needs to turn around and sent to the send this guy as well. John martha the former president calling the case scam and a sham and saying he didnt commit any crime. This was a case that was not going to be done and when i announced i was running it couldve been done 7 years ago. They wanted it smack right in the middle of an election. Martha the underlying misdemeanours exceeded the statute of limitations your ago to the form years ago to the former president s point. Thats how he
Thank you martha. As he indicated the jury has just been dismissed and now we wait for President Trump this after Michael Cohen undergoes a grooming crossexamination and as you put it it was tough for the guy tuesday. This was super tough today. What will he have to neil say about it . We know he wants to speak and will speak momentarily and we will take you there live when he does. Welcome everyone im neil cavuto happy to have you. A lot of big news to tell you about including some records made and all of a sudden unmade. But first outside the courthouse today latest on what went down today. Nate. Reporter Hey Neil The Court is over for the day, at least the jury has been brought out. Still dealing with a couple things we will talk about momentarily but the crossexamination of Michael Cohen will stretch into next week, at least monday. You mention an intense day in court at the end of court today. Cohen acknowledged he never had a Retainer Agreement while working for former President