N update looking at the major averages, we are down for the s p. At four. 4 . Lets look at how the agencies have performed for the month. Session, abe its 38 1 move. Down insee the dow is the s p is down and the nasdaq is up. 8 in august. Lets move to oil and we can see a reversal. Right now, oil is trading at or before and 71 is down 3. 5 today. It began the month with its worst day. Talk about symmetry there. 3. 7 , stillown trading below 45 per barrel. Oil is up 7 and it is the first monthly gain in the last three months. Exxon is down about 1 and chevron is down about 1 . Given the move in oil. A look at some stocks on the move. Going tosaid it was stop or at least try to stop any are Merger Acquisition they thinking of doing with monsanto. Both stocks are down today. We will move to the first word news. Mark crumpton has that from our newsroom in new york. Mark thank you. Donald trump has landed in mexico city and the flight touch down a few minutes ago. With theeduled to meet mex
Wall along the southern border. And mexico will pay for the wall. The growing number of hispanic voters, can he win the white house with this position . We are nearing the Halfway Point of the trading day. Bloombergs Abigail Doolittle has the latest. We have the u. S. Averages in decline mode today, this after there was a surprise contraction to the august isn manufacturing number. Dow, s p and nasdaq all trading lower on the session today. Nasdaq, its the first threeday decline since the middle of june. We take a look at the s p 500 on an intraday basis, the turn of the s p 500 today, we do see that the index is trading right near the lows. Not a lot of reprieve, the drop came after that contraction or shortly thereafter that ism report around 10 00. The s p 50038 of not making a 1 move. Theres Interesting Research from the spoke Investment Management talking about the ina that the source of lulls market activity tended to and in a decline or move down 1 or more. We will have to see w
Here at the New York Stock Exchange. We will discuss whether the oip ipo market has gone flat. Netflix getting crushed after disappointing earnings last night. The shares are down nearly 8 on the session today. Someone who says the valuation still ridiculously high and he will tell us why coming snup lots of volatility on that one lately. A Sports Equipment Company Investing in new technology that it says could change the landscape for concussion injuries that we have all been focusing on so much recently. We have the ceo of this company, performance sports group, to explain the technology and the potential in the Business World coming up. Then after the bell, barney frank and larry kudlow together and both here at the New York Stock Exchange to discuss whether democrats are becoming too much of an lets start with first datas first day of trade. Bob pisani standing by. The payment processors post right behind us, not doing is well today, bob. The good news is it got done and they i had
Goldman sachs in 2007 interesting timing to run the markets desk and became president of the new york fed in 2009. In that role he served as vice , chair of the open market committee, the policymaking committee of the event. John taylor is the Marion Robert professor of economic at stanford and many other things at stanford. Among other things he was a , member of the Council Economic advisers in the First Bush Administration and under secretary of treasury for International Affairs under the second Bush Administration. John taylor is known as being the creator of the taylor rule. Although i am told he did not put at the name on it, somebody else did. It is a simple rule of thumb that talks about how far inflation is how far the economy is from full employment. John developed the taylor rule in 1993 when Alan Greenspan was chairman of the fed. Alan greenspan was either incapable or unwilling to describe his approach to the rest of the world. What made john so amazing was he seemed to c
S p futures up by 8 and the nasdaq up by 21. Quarterly results coming out from home depot. Heres whats happening. The company beating estimates by 4 cents with profit of 1. 36 a cha share. The Home Improvement retailer also forecasting full year profit and thats also exceeding estimates. Well talk about that in just a minute. Among the other big stories, the dollar hitting a 7 month high against the euro this morning. Among the reasons, expectations that the fed koul begin to raise rates next month. A lot of whale watching on wall street as some of the most powerful investors reveal their latest portfolio moves. Carl icahn swapping his stake in ebay for the same number of shares in paypal. The activist investor also disclosed his position in iag. Now we know the numbers. He has been calling for a break up of that insurer. Also David Einhorns Green Light Capital had a tough time of it boosting its stake in apple in the Third Quarter. Hedge fund also upping its holdings of General Motors