Much whats going on . Hey, everybody whats going on. Hi, paul. Hi, matt, whats going on. I like it. I like your jackson pollock. Audience Stephen Stephen stephen. Stephen hey, thanks, everybody. Welcome to the late show, ladies and gentlemen. cheers and applause thats very nice. Ladies and gentlemen, please, have a seat, everybody. Youre too kind. Thanks very much. Well, ladies and gentlemen, welcome to the late show. Im your host, Stephen Colbert. Well today. cheers and applause today, its 13 days after hurricane maria, yet another disaster struck puerto rico donald trump visited the island. laughter but before the president left for sant juan, he gave this objective assessment of his administrations Disaster Relief efforts. In texas and in florida, we get an aplus, and ill tell you what, i think weve done just as good in puerto rico, and its actually a much tougher situation. Stephen you know you cant give yourself an aplus, right . Thats thats not how grades work. I have done an out
Getting worse. Wayfair shares are sinking concerns about the Online Furniture companys margins and its plans to increase ad spending weighing on the stock, down a little more than 5 off those record highs that it hit earlier. Not to mention potential competition from amazon. Well talk about all of this with the ceo in an exclusive interview coming up this hour. Who, by the way, does not consider himself in competition with amazon. He feels like their niche furniture cannot be replicated. So far neither do investors this has been one of the hottest stocks in the Retail Sector this year. Momentum stock. The question is what does amazon have planned . Dow component disney reports earnings well tell you what to expect and, yes, a first on cnbc interview with ceo bob iger and, of course, everybody is wringing their hands, of course, over espn lets bring you up to date on the markets here the dow down nine points we all know the dow has been up 10 consecutive days. Nine of those have been a
Nice to have you here this morning. Great to be here. A lot from the markets to absorb especially the north korea news, this heightened rhetoric from both President Trump and pyongyang. Lets show you what futures are doing after stocks slid into the close yesterday. Nothing extreme. We were both sitting there on closing bell. The s p did close down less than a third of 1 , but the dow did break its ten day winning streak thousand indicating a lower start down 24, nasdaq down 33. And you can see what happened in yesterdays session. Stocks tumbling into the close the headlines started hitting in the 3 00 hour and we did see a little drop there as President Trump vowed swift action against north korea if needed. That fire and fury comment certainly disrupted the market we saw the korean yuan drop 1 , the kospi, stock market there also fall. And this is a market that has been resilient pretty much all year to some of these headlines. Overnight this one was a little too much down 1 yeah, do
Washington futures are down both fell more than 1 overnight. Europe is down by as much or more ten year yield falls below 222 thats a six week low and well get oil inventories. Our road map begin with saber rattling futures in the premarket have been rising con sering con sern. North korea threatening preemptive strikes against the u. S. President trump threatening fire and fury. Disney anoungs its own streaming plans for espn and other content. The United States and north korea sending Global Markets lower. Kim jong un threatening to order a missile strike on guam now as the president warns north korea it would face fire and fury if it continued to make threats to the United States. Stocks did fall snapping the dows ten day win streak this is not like crossing a parallel in the early 50s. The natural thing to do is to raise cash and thats what people are doing theyre selling stocks that i think across the board so it really doesnt matter what theyre selling. Its not like theyre on any
Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results