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The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
Melissa steep selloff, owe blight rating the years biggest rally. The dow plunging 300 points before cutting those losses. All major indices down well, more than 1 1 2 . 1 and 3 4 . We have dan shaffer of schaefer asset management. Charlie, this is one of the selloffs, nobody can agree what it is. Im not saying get out of it because i dont believe you should get out of it now. It is artificially inflated by the fed and when you have little sort of hint coming out of the fed they may raise rates. There was something of that nature today, one of the fed governors, someone weighed in, i cant remember which one. One of the hawks. Melissa usual nonsense. The market trades off, off 300 points. I will say this, this shows you why inflating a market based on printing money is really bad for the general public. The average american should not be worried about every single thing that comes out of the fed. Should be worried about, is the economy improving . Is corporate profits up . They should n
See there. 2. 71 . Yeah. Lets move on to europe. Second quarter gdp data indicating eurozone emerge by recession. In and also some growth in france. And that gets us to our road map which starts with a rare miss for macys. Shares of the Department Store are falling in the premarket. The ceo says consumer are worried about the uncertain economic environment. Apple still getting the icahn burp thmp this morning. Carl icahn tweeted he bought a stake in the tech giants. And strength on the farm. Deere beating on the top and bottom line this morning, citing strength in Farm Equipment sales. Bill ackman speaks out about the villains of the Capital Markets in his public bat with other highprofile Hedge Fund Managers. Man. A lot of personality. A lot of personalities running around there in vaktism land. Hes start with shares of macys. Down sharply in the premarket. Retailer posting the Second Quarter results that were below wall street forecast. Samestore sales fell 0. 8 from one year ago. Ce
Bill still have a chance of passing . We already made that choice. Were with trump. There you have it, paul ryan, changing his tune, despite some very tough talk during the campaign. We cant continue to allow china to rape our country and thats what theyre doing. Mm, President Trump singing a very different song when facetoface with chinese leadership. Maybe theyre not currency manipulators. I dont give china. I give china great credit. Mm, unfake news fallout, the Trump Administration holding up a potential multibillion dollar merger reportedly for one reason, ready for it, cnn. A deal we will not approve in my administration because its too much concentration of power. Thats a wow. We begin today with a tale of two republican tax bills. House and Senate Lawmakers on the verge of unveiling plans that will affect the Bank Accounts of every Single Person in this country. That said, republicans, theyre running out of time to get this thing right and they simply cannot afford to let thing