Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a touch below expectations with year over year rate climb
the devastation. it s just we re looking at the video. now. it s incredible. it is striking jim to see this devastation of close and in person, you know, it s not really an exaggeration to say that there is very little of this town that has remained untouched from the tornado that ripped through here on. uh, the buildings that we re seeing here throughout the area have been reduced to rubble. there are individuals that we smoke into that don t understand how they got out alive, considering so many around them perished. as you mentioned at least 25 people have been killed as a result of the storms that we re continuing the machinery being brought through these areas clear out the records, and it was earlier that i spoke to one of the tornado survivors. ernest hall, who says that he was asleep when the initial storm came through. woken up by a phone call of a family member asking for help to erased across town to a trailer park where we re standing in front of that is among the
alec baldwin officially charged in the rust shooting death. prosecutors detail what they say the actor did wrong the day the cinematographer died. and breaking news in the search for two monkeys missing from a dallas zoo. this is the cbs evening news with norah o donnell, reporting tonight from new york. brown: good evening to our viewers in the west and thank you for joining us on this tuesday night. norah is on assignment. i m james brown. tonight, former president donald trump pleads the fifth during his deposition, ahead of a $250 million fraud lawsuit filed by new york s attorney general. plus, alec baldwin has been formally charged with involuntary manslaughter in the fatal shooting on the set of his film rust, along with the movie s weapons specialist. but first, a massive winter storm system is targeting the nation s midsection with ice, sleet, and snow. winter storm alerts are spread across 14 states. officials are urging residents to stay off the roads and b
Turn it off, please. Lets see what happened here this weekend. This is the first time this meeting took place without Charlie Munger being here. Before Warren Buffett took to the stage, this was a stage where there was a lot of emotion that came into this here with a standing ovation for charlie at the top. Roll that back down, please. A standing ovation for charlie right at the top of the meeting after a movie that played a halfhour movie, that played his highlights over the years and funny skits they had done and a standing ovation from 40,000 people who were here at the Convention Center. Pretty emotional day. Warren buffett made news. It came out when the companys 10 q hit. People were looking to see it and it trimmed stake in apple by 13 in the quarter. It sold about 116 million shares. A lot of questions as to why and what it means. Apple is still, by far, the largest stock in its portfolio. It makes up 40 of the overall portfolio. Buffett said he was selling because he wanted to
Bit higher. Maybe that is stopping things, maybe we are just waiting and seeing now for meta and the others that ended the day ahead. Sector action pretty swift, too. Leading the day today, that gives you the kind of day it has been pretty stable utilities in the green, so doesnt mean there hasnt been some standouts in the session both up and down. Visa is a learner after winnings, but teledyne is down 10 on its own results. Lets take ou to the talk of the tape. Will mega caps deliver, and where do stocks go from here . Lets ask cnbc contributor, back with me at post 9. Great to be with you, as always. You say you are more bullish now than you were t the start of this month. Yeah. Why . I think we have to put down draft on perception of hawkishness. We have some rates making some stocks sell off and i think the earnings industry doesnt look different to me than it did on april 1st, so when stocks go down, the earnings could change, i like that better. This idea of higher for longer was