What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt
Their hearts broken . I will explain. Also nvidia, you saw the Earnings Reports, absolutely fantastic. We have wall street cheering wall street, analysts and strategists you wonder how much they would cheer if a. I. Took their job . You know what . Tweet me at cvpayne, let me know if you would let a. I. Take your money. New hard landing warnings from Jpmorgan Ceo Jamie Dimon. Goldman salomon see as goose egg when it comes to rate cuts, none. Tapped out consumer, im curious, what is the leest price you remember paying for a big mac . Tweet me cvpayne, it is all a memory for most people these days. All that and so much more on making money. To be loved, to be loved, oh what a feeling to be loved charles to be loved, folks. I mean such a wonderful thing when love is in the air but when it comes to the stock market, you can be a couple problems. There are two that really stick out when the market is loved too much. A, there are limited number of buyers. If one is bought, everyone loves, wh
Thought. Sorry about that. I couldnt resist. Im Charles Payne this is making money. Breaking right now, if were seeing a Fourth Quarter rally it has to start at the beginning. It is critical that microsoft, alphabet, remember they report after the close. We will handicap those names and other potential movers. This as the market face as crucial test. We could see big breakdowns or breakouts any moment. Jim bianco and erin gibbs on that. 100 dead wrong, how jamie dimon is summing up central bank forecasting. I will ask carl roche consequences of central bank being perennially wrong. Thomas massie at 2 45 as the speaker drama rolls on. And you dont want to miss my takeaway, redefining the American Dream to fit a tighter budget. That is not the american way, folks. I say it is time for us to dream big again. All that and so much more on making money. Charles all right, folks, so the markets are trying to get up there, right . You see this. We opened strong. We start to give it away right
Something. I think it wants to go higher t need as nudge. Here is great news. We have lot of folks with their thoughts some even agree. Ed yardeni is bringing back a word jay powell didnt want to hear again. Billionaires are closing ivy league wallets over failure to attack amass on the attack in israel. Jim iurio on that. Plus im making a plea to macys on behalf of miss mable. All that and so much more on making money. Charles all right, lets start with the word of the day, maybe of the last few months with respect to the stock market right, interhooks. Interhooks, the. Tenterhooks. Drying out clot, a novice waiting, that is where we are right . Were seeing some of this news comes out. We get a kneejerk reaction if the tenterhooks release themselves. This is particularly overreaction to the selling side. I think that is the case with respect to retail sales. Who monitors this closely my friend, phil blancato. I like that word. That is where we are. Tremendous debt costing us a lot of
Edward. Reporter Federal Reserve has left rates unchanged. This is the sixth pause in a row for this. Now with the first line of the statement has a word thats been added to it. It says the Economic Activity continued to expand at a solid pace. Now the statement says that the fed sees job gains remaining strong. The fed also sees inflation easing over the past year but remaining elevated. The Committee Also changed the statement to say that employment and inflation goals have moved into better balance over the past year. The fed leaves one sentence in. Its a very key sentence, saying it needs to gain greater confidence that inflation will move sustainably to 2 . Again a very key phrase in the statement. One big announcement of the fed statement is going to make, the fed is reducing runoff of the Balance Sheet. Starting in june the fed will go from 60 billion of runoff in treasurys, rolling off 25 billion. Going down to 25 billion in treasurys, rolling off starting in june, amount of mo