Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
Washington. What all the backandforth means. And President Trump once federal federal to wants agencies to work with social Media Companies to stamp out hate. But first, uber shares continue a fall after sales miss and 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will uber is trying to reassure investors, saying losses will come down over the next few years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying uber aboveuld see its ipo price. Analyst remain optimistic about uber. Many have buy ratings
Shape as i keep saying, then how the heck can i keep calling for a rate cut i dont need a rate cut. On a day when the dow gained 50 points, the nasdaq dipped 3. 6 , i think this is an important question especially given the feds yearly jackson hole con fab getting Coverage Today and tomorrow on our network. As the consumer well, lets just say, what do we know about the consumer consumer shops at watch, which is my acronym for walmart, amazon, target, costco, and home depot. What do we know about the consumer at these stores doing quite well we know the Unemployment Rate is at its lowest level in 40 years, so why in the world is President Trump trying to hector the fed into cutting interest and why do i believe in the president because its not that simple, people as i explained last night, weve got two economic world views colliding here you look at the big retailers and it seems like business is booming. You look at whats happening in the rest of the world in the bond market it looks l
Of the New York Stock Exchange carl and morgan have the morning off. And were going to begin with tech bracing for tariffs now just days away from going into effect on september 1st trade tensions between the u. S. And china not slowing down, as the wall street journal reports that u. S. Prosecutors investigate new allegations of Technology Theft against huawei. Acme capitals heene nada and kevin dilanian, of course, both join us here at post 9 happy preLabor Day Weekend. Good morning. Heenne, you were a protough stance gen china when it comes to ips and other things. When it comes to these tariffs, september 1st, december 15th, are you pro this approach . Does it depend if it gets nearterm results . I think the tariffs are going to do some harm in the nearterm. I think youll see pricing increases in the u. S i think youll see trade tensions worldwide globally. But i think the longer term impact is actually much more detrimental to china than it is to us. Whats happening is Tech Compan
And President Trump wants federal agencies to work with social Media Companies to stamp out hate. But first, uber shares continue to fall after sales miss and a 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will come down over the next two years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock tied to the ipo, but uber loses money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying that, we would see uber above its ipo price. Analyst remain optimistic about uber. Many have buy ratings for the company, but there is a lot of Short Interest in the stock and there is a lot of sk