Some scratching their heads. It is thursday, august 1 au starts right now. Sno its a brand new day. Cheryl welcome to fbn a. M. And good morning. I am Cheryl Casone. Lauren good morning, im lauren simonetti. Are you feeling calmer this morning . Cheryl well, a lot of pepto bismol yesterday. Futures are actually moving weve seen this almost every day this week. Youve got a big selloff and the next morning in the futures market you get a boost or vice versa. Right now were seeing green arrows, the dow is up 113, s p up 15 and a quarter and nasdaq up 37 andahalf after that 800 point selloff yesterday. Lauren and what caused the 800 point selloff was when this happened. If you look at the yield on the two and 10 year treasury bonds, they inverted yesterday for the First Time Since 2007. It really spooked investors. Taking a look right now at both spreads, they are very, very narrow. Cheryl were going to take a look at oil. There was a big move in gold yesterday. Oil is still the story. The
Surprise, it stands apart in the trouble sphere plus, as we round out one of the wildest weeks on wall street in years, many now say the down side ride isnt over quite yet if you are in that camp mike khouw has an inexpensive Insurance Plan to keep you afloat it is time to risk less and make more the action begins now. Welcome, everyone. The jackets are back im Tyler Matheson in for melissa lee. We have a great show on tap for you. We kick things off with the countdown to retail earnings next week. Now, walmart reports results next week. That retail giant not doing so well over the past month, down more than 4 so what can you expect from walmart as we head into its print . The chart master, carter worth, is at the plasma to break it down carter. A big name, a beta name, a safety name, and a name that did very well off the lows in december, up almost 35 , and now is giving some of that back. The thinking is theres more giveback to come lets draw some lines. So what we know is that the s
Adami. The selling is widespread with the dow dropping more than 800 points all 11 s p 500 sectors finishing the day in red the market meltdown leaving investors on edge and sparking fears a recession could be on its way. What is your take on the day, guy adami . My take on the day is it makes a lot of sense volatility is here i think volatility will continue to grind hard. Pete can speak to this when is it over . Thats what everybody wants to know so i can pontiff indicatic. We are looking for a vix that climbs to 30, we have seen it peak out before. Or you are looking for the s p 500 to put in a low of 2690 or so, which is midway between the low we saw december 24th and the recent high in the s p 500 of 3025 carter will be on and im sure speak to levels, but those are the things you are looking for in terms of it doesnt make sense, i think it makes sense and i will say this as well. The gold market has been telling you Something Like this has been in store for the last few months, me
Exchange welcome to cramerica other people want to make friends, im just trying to make you some money my job is not just to entertain but teach and coach you. Call me or tweet me jimcramer how the heck are we supposed to figure out what is going on when the president of the United States starts bad mouthing china when his hand picked team of the negotiators is set to have a state dinner with chinese counter parts . These trade talks are so important, no wonder the market is confused. Down hard on trumps tweets or betting on the hope the Federal Reserve will bail us out with a rate cut tomorrow afternoon that we certainly need. Thats why the dow closed down 23 points, s p dipped 2. 6 and nasdaq lost 2. 4 maybe the president , maybe its not a brilliant plan here. I can see where hes coming from man, it does not inspire confidence about these trade talks when you tweet stuff like my team is negotiating with the now but they always change the deal in the end to their benefit. They should
Surprise, it stands apart in the troubled tech sphere plus, as we round out one of the wildest weeks on wall street in years, many now say the down side ride isnt over quite yet if you are in that camp mike khouw has an inexpensive Insurance Plan to keep you afloat it is time to risk less and make more the action begins now. Welcome, everyone the jackets are back im Tyler Matheson in for melissa lee. We have a great show on tap for you. We kick things off with the countdown to retail earnings next week. Now, walmart reports results next week. That retail giant not doing so well over the past month, down more than 4 so what can you expect from walmart as we head into its print . The chart master, carter worth, is at the plasma to break it down carter. A big name, a beta name, a safety name, and a name that did very well off the lows in december, up almost 35 , and now is giving some of that back. The thinking is theres more giveback to come lets draw some lines. So what we know is that