With dom chu and the steel horse he rides. Dom . Good, bad and the ugly. I feel like watching fistful of dollars and hang them high and also looking at dog in the photo as well but lets talk about the good, the bad and the ugly right now because in todays trade weve seen a little bit of all of that stuff playing out. On the good side of things, weve got transportation stocks. Havent been doing great as of late, but they are moving higher and as of just a few minutes ago 19 out of 20 members of the dow transport index all in the green, perhaps a good sign for those of you looking for positive signs and on the bad side of things, Consumer Staples, bad on a relative basis because they are still positive on the year, they have been and some. Stocks have been making record highs, some of the Consumer Product names so Consumer Staples, bad in todays trade. The worst performing sector so far in the s p 500 and on the ugly side of things weve been talking about it for quite some time, about th
Retail stocks hit hard today. You can see it trading down 19 there. A number of top executives telling us consumers are still spending. So whats behind these moves . Were going to take a deeper dive into whether the consumer is weak right now. A disconnect in all of that. Big earnings from tesla. 21st century fox. And square reporting after the bell tonight. We will tell what you to expect from those reports coming up. And more reports about turmoil between the Republican Party and nominee donald trump. We have outspoken libertarian Penn Jillette. Among other things. Look forward to penn coming up. There he is. He calls himself a professional juggler. But he is so much more than that. We will talk with him later. We start with the bullish call on gold. Precious medal falling today. But up 30 this year. Bill gross was on power lunch earlier today and he made his bullish case for the commodity. I like gold, too. I think ultimately if fiscal stimulus comes in and weve seen that in japan,
Ramy and Disneys Bob Iger heads the list of the weeks top interviews. You have to consider a studio that grew over 60 for the quarter. Thats quite a performance. Ramy it is all straight ahead on bloomberg best. Ramy hello, im ramy inocencio, and this is bloomberg best. It is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at top headlines. On monday, republican president ial nominee donald trump unveiled his economic plan in a speech to the detroit economic club. He promised to slash taxes and limit regulations. Remove theme to anchor dragging us down. And that is what it is doing, it is dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. On top of halting financial regulation, trump would lower the top individual tax rate to 33 and cut corporate taxes from 35 to 15 . Give us a brief overview of the plan. Did we get e
Then earlier. So this is a trend we have been seeing as we get into august here. You see the nasdaq down. 5 . As it be at the lows of the session as well as the dow falls by 58 points today. I want to get to the highlights of what has been moving today. Oil has been on the list. Oil prices are plunging after we got the weekly inventory numbers showing an unexpected build in inventories. Ago, 41. 53. Down by nearly 3 . Putting pressure on energy stocks. In terms of earnings numbers we have gotten, tale of two retailers between ralph lauren and kors. Kors Beat Estimates but did not raises forecast. That is causing some concern. Ralph lauren beating with its numbers and stoking hopes of a turnaround taking hold under the new ceo. We are watching yelp as well. Often and sales beating strength of ade revenue and a number of different analysts at places like Raymond James are raising the rating on the stock as a result as it climbs by 13 . Then we are watching an acquisition that may be runn
Are wellpositioned. They focus on what they cannot control, which seems like this is. Ramy and Disneys Bob Iger has the list of top interviews. Consider the city of the crew over 60 in the quarter. Ramy it is ahead on bloomberg best. Hello and welcome. I am Ramy Inocencio and this is bloomberg best, your weekly review of the most supportive Business News and interviews from Bloomberg Television around the world very lets start with a day by day look at the headlines. On monday, donald trump unveiled his economic plan in a speech to the detroit economic club. He promised to slash taxes and limit regulations. Trump it is time to remove the anchor dragging us down, and that is what it is doing, dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. On top of policy financial regulations, trump would lower the individual tax rate to 30 and cut corporate taxes from 35 to 15 . Give us a brief overview of the plan. To begin enough detai