About 200, nasdaq down 76 and s p 500 lower right now by 24. One of the issues is some weak earnings or forecasts. Ups for example beat on Second Quarter earnings but missed on revenue. The shipping company lowered the annual revenue forecast on soft ecommerce demand and reaching a labor deal with the Teamsters Union for 300,000 employees, Trucking Company yellow also filing for chapter 11 bankruptcy after years of financial struggles, growing debt. The Company Nearly 100 years old, had received more than 700 million from the Federal Reserve in aid during the pandemic. Greg, what do you think this tells us that yellow goes bankrupt, ups today has a weak forecast and misses on revenue . Is this a macroeconomic story . I think a little bit of it is macro, certainly. Look, the economy is evolving and if you look at the last year andahalf, weve had one of the biggest Interest Rate increases that weve seen if ever, not just here in the u. S. , but globally. And when you reprice Interest Rat
Realize i just need to be myself. And emma stone, one oscar richer for poor things. This is really overwhelming. Thanking her daughter. I love you bigger than the whole sky. Thank you so much. Everything you might have missed on stage and behind the scenes. Breaking overnight, what happened in the moments after this boeing plane suddenly plunged midflight. Passengers tossed from their seat, dozens injured. Tornados striking at least three states. The strongest winds reaching 140 miles an hour. Ginger is tracking it all, and the new warning this morning. Terrifying close encounters. Two zoo keepers trapped in an enclosure with a charging male silver back gorilla. New concerns after the first photo of princess kate was released since her surgery. Was the picture doctored . And what the palace is saying . Kate is out with a new statement just moments ago. Let the madness begin. Its a three on the way Caitlin Clark and iowa rallying for a wild win. And South Carolina and lsu getting physic
, as campaigners are saying, the vessel is a safety risk. But vessel is a safety risk. But cheryl avery, whos director of asylum accommodation, says all the safety issues have been addressed with regards to security and safety. Security and safety. Its of absolute paramount importance to us as the home office. Anybody in our care needs to be looked after. Well so weve gone through and made sure that were working really closely with the dorset fire and safety and fire and rescue apologies. And we have worked apologies. And we have worked with the local authority as well to make sure that the safety of all individuals on site is of paramount importance. Paramount importance. Well, a Senior Source has told gb news today that any plans to send Asylum Seekers to a sentient island in the south atlantic for processing is pie in the sky and unachievable the source told us the plans were already considered and dismissed by both Boris Johnson and the former home secretary priti patel, as complet
It is thursday, august 10. Your stop stories right now, 6 00 a. M. On the east coast. Inflation data on deck, the Consumer Price index is out this morning. Year over year expectations up 3. 3 . Futures right now indicating a gain at the start of trading, weve got full analysis from market experts and all star panel this morning. Markets are higher across the board. Dow up better than 185. Check out shares of disney this morning, the stock is higher despite reporting a mixed quarter for the second quarter. A loss in disney plus subscribers and rise in streaming prices. Disney shares among the more heavily trades this morning. Oil prices continue elevated, the price falling back from really recent highs lately. The price of oil now at 84, 24 on crude. European markets are in the green, take a look at the eurozone. Weve got a mixed story in london, down a fraction on the ft 100, the others higher by a fraction. In asia markets finished mostly higher. In washington the payoffs are piling u
More focused on it than the fed is because the fed basically sort of ignores cpi because they prefer ppi to cpi. Sorry to go word salad after talking about kamala harris. But the fact of the matter is that the most important number to me right now is 85 and thats how much a barrel of oil is right now. Which means that were probably headed to 100, more than were heading back to 70 and 70 is the breakeven point where the spr was going to be refilled. I think right now oil prices are going to be the leading driver and then if you look at last fridays jobs report, you notice that 4. 4 was the year over year wage increase. So theres a lot of pressure on businesses to continue to pay workers, to find them, than their other input cost of oil so i think youre going to see ppi start to tick up. I dont know that cpi is going to be as high because, a, if you look at core they strip out food and energy but to the average american its certainly a high number but the markets going to look at inflati