The horizon with energy experts. Plus, the drop in crude could be seeping into the Banking System of our neighbor to the north. The royal bank of canadas ceo joins us in a cnbc exclusive on the back of his companys earnings. Also ahead how much of what we see in the rally is the result of the fed trying to calm market volatility. Were live in jackson hole with the latest headlines. Dont forget, of course, the new york fed president , importantly, spoke today. He did. And markets are reacting. Lets get to full Team Coverage of these markets. Bob pisani tracking the moves here at the stock exchange. Courtney reagan over at the nasdaq. How do you feel going into the close today . Better than yesterday. I want to show you the dow. At this time yesterday, we were fading going into 3 00. That is not the case right now. Dow jones industrial average is essentially almost at the highs for the day. I think 16,100 right off the open. Were essentially there back to the highs for the day. The marke
The three, up about 3. 38 . Overnight in asia, shanghai came back bigtime. As you see there, up 5. 3 . The hang seng, 3. 6 . The chinese did seem to intervene a bit to help things along in china. As for our tenyear note, we started this week. We were below 2 on the tenyear. No longer. Back to 2. 20 despite those comments. Crude oil above 40. The first time i have seen that in a few days. Lets get to our road map. Has the market bottomed for now . For good, for a while . Another upgrade for amazon. Why now is, quote, an attractive entry snoint. Retail pain continues. Tiffany and Williams Sonoma both disappoint and both stocks are looking down this morning. We begin with stocks on track to maintain momentum from wednesdays big rally. Futures extend gains after data shows Second Quarter gdp revised upward to 3. 7 . Thats up from an initial estimate of 2. 3 . This comes one day after a 4 jump on the s p. The dow also posted a gain of more than 600 points. That was the first time it had gai
Rose. 06 and nasdaq advanc advanced. 32 and im glad to put the brutal volatility behind us for the weekend. To totally chaotic nature of the market left me thinking once again who can blame people for losing faith in stocks . Yet here i am telling you yet again that if you protect yourself with limit orders, if you use weakness to put some capital away, not run from the market out of fear, you can use your money to make money in stocks and thats not something that you can say about cash. You think the market is just one big pumped up balloon. Its still the only game in town. Thats been the case ever since the case was serious about the financial crisis. Now were faced with the feds period of accommodation and were starting to get the hang of that and after this brutal week unless china runs off the rails before the next fed meeting or a gigantic firm implodes creating a brutal credit event that freezes brokerages around the globe im tempted to say lets just get it over with. So you can
Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff a raft of consumer, business and Government Spending pushed u. S. Economic growth into betterthanexpected territory. Gross domestic product expanded at an annual rate of 3. 7 from april to june, according to the commerce department. Thats more than a percentage point higher than initial estimates. For comparison, japans economy shrank and germany and the u. K. Grew by less than a percent for the same tim
Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station fewers like you. Thank you. Woodruff a raft of consumer, business and Government Spending pushed u. S. Economic growth into betterthanexpected territory. Gross domestic product expanded at an annual rate of 3. 7 from april to june, according to the commerce department. Thats more than a percentage point higher than initial estimates. For comparison, japans economy shrank and germany and the u. K. Grew by less than a percent for the same time peri