Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale prices that dropped 2. 6 in july. From a year ago, the drop
President once again targets the fed. Huawei restrictions relief tech executives expected to make their case to the white house today. And equifax to pay as much as 700 million for that 2017 data breach well start with futures, though, set for a higher open. The dow, s p and nasdaq all lower in three of the past four trading days big week for earnings. Well hear from phobia, amazon, alphabet were a week away from the feds decision on rates. And then the president today is tweeting its far more costly for the fed to cut deeper if the economy actually does in the future turn down very inexpensive in fact productive to move now the fed raised and tightened far too much and too fast. In other words, they missed it big. Dont miss it again. Of course now the fed blackout window is in place so we wont get a response to that, jim, before the meeting. Look, the president is he wants that last hike repealed. I think that we have to hes obviously a lightning rod beyond belief, but its perfectly r
Grasso is back welcome, steve. Thanks for having me. Technology making a move higher thanks in part to the semis. First you have that semi upgrade from Goldman Sachs thats put a flame underneath the whole space. Theyre leading and also have the f. A. N. G. Stocks reporting. Thats what is driving the market action. Does it tell you something about the cyclical leaning. It tells you it gives you the impetus of, hey, what got us there . What is going to be the mainstay people like to keep riding the horse thats delivered the returns and that horse has been tech. Horses are scary. Lets drill down on the big stories were watching a meeting with chip executives will take place. Phil lebeau, a credit warning or boeing and bob pisani are looking at the other moves and seema mody looking at the impact on oil and iran. Ylan, lets start with you. Its expected to get under way in a half hour several of the executives are already here my colleague Kayla Tausche and i have confirmed some companies a
Representatives of so Wind Airlines do not explain the reasons for passengers being dropped off twice from aircraft in sheremetyevo now works a little correspondent. Maria valeeva she is in direct contact with the studio maria greetings is it known why the flight was delayed for so long and did you manage to communicate with passengers . Yes, daria hello, but why did we delay the flight for several reasons, as they say, the passengers could not personally communicate with them, they were already in the clean zone and passed through passport control. Checking luggage. Well, while we are working in the terminal from sheremetyevo airport, we are going to the scoreboard, this delayed flight is just indicated by the first number. Well, or it should have been, but at 1 05 uh, she delayed him for more than 12 hours, the flight to know at 13 30. Passengers spent the whole night here at the airport and, as they say , they unexpectedly took them out of the plane when they were already were in th
Here are some of the key conversations you might have missed. The house took a major step toward potentially banning tiktok over concerns. Reporter for Social Media Giant ticktock, announce calling to split from its Parent Company or be shut down. He now heads to the senate. The u. S. House on wednesday, in a rare and overwhelmingly bipartisan vote passing the major that requires tiktoks Parent Company byte dance to sell the company within months. Would you say to people who cant understand that people watching silly dance videos is a National Security threat . We cant allow one of our foremost adversaries to have control over what is quickly becoming the dominant music and. Reporter many believe can and does store data from american users, partly because of a National Security law that requires Chinese Companies to share data and other information with the government. It begins to allow them to know how to influence americans. Reporter the annual Intelligence Committee says china used