Jcpenny and nordstrom reporting. Expected in just a few minutes, well be bringing to you. And pixars new films. First up. Lets talk about the markets with david rosen berg, the chief economist at gulskenshef. Good morning. Put the weekend into perspective. We have macro numbers today but still the discussion remains even though there was a quiet overnight in china. What theyre trying to do and if its what weve been asking them to do for decades. You know whats interesting . Everybody talks about how it comes as a surprise and practically every Economist Says ive been calling for this all yearlong. I think this is not a repeat of 1994 when china devalued 30 and ultimately touched off the asian crisis a few years later. This is more strategic in the sense that really the bigger story is not really the devaluation but the move to allow Market Forces to play a greater role in determining where its going to be. Thats part of the imf report that basically stated thats what china would have t
Weather pattern could mean for commodity prices. And the end of the dreaded annual performance review. Why it is now falling out of favor at so many more u. S. Companies. First, though, lets check in and welcome sarah eisen. Hi, sarah . Hi, tailer. Well begin the show with the housing market, Home Building rising to the highest level since 2007, a key measure of future construction plunged. Diana joinings us live from washington with all the numbers and back numbers. This is stocked full of contradictions. Single Housing Starts took a nice move up, nearly 13 for the month. Multifamily down 17 . Look at the big picture from whens we came. Single family construction is 25 below the 30year average. Multifamily is trying to make up for a decade of underbuilding. The Single Family construction surge in july much needed, yes. And it plays into the home depot numbers that were so stellar. Even when people buy new, they fix it up to their own liking. Some say the retailer needs to play to prof
Volatility is up 10 alone. The tenyear is sitting at 2. 036 . Were seeing if it gets to that key 2 or even below. Thats a very key level. As for wti, crude is down by 3 , currently hitting shy of 40 even. Gold is a winner. A little bit of a safe haven, currently sitting at 1159. Well bring you more on the gains weve been seeing recently in gold and the dollar is lower today. That is also helping gold. Who would have thunk that the tenyear note would have been right there at 2 and crude might dip into the 30s this summer . Im tyler math sin. Mandy drury here as well. Lets get right to the nyse and bob pisani. We had a very modest attempt at a rally mid morning and its basically failed. Were sitting at the lows pour the day. The s p 500, a bit of aa surprise at the open. We got down about ten points. Suddenly we were much weaker. Heavy selling at the open. Many people thought this was probably european sellers that were unhappy with what was going on over there as well. We attempt add br
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
Office is trying to control the press, trying to designate specific journalistic cover his visit to mali tomorrow. Navy vet withu. S. Two prior arrests for driving while intoxicated has been taken into custody after his car plowed into 23 pedestrians in times square this afternoon, killing one of them. Witnesses say Richard Rojas appeared to be intoxicated. Witnesses also reported that he drove the wrong way and on a sidewalk for at least three blocks, mowing down pedestrians. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in your, im julia chatterley. The we are 30 minutes from close of trading here in the u. S. Julia u. S. Stocks rebounding from the worst daily say law of the year. Scarlet newfound credibility for the russian inquiry. Significant new phase in the investigation that has already roiled the white house. In about 50 minutes, Pres