Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Meantime, a war of words on cnbc between j. P. Morgan head jaime diamond. Tell you whats behind that controversy thats been brewing for a while. After the bell, wilfred frost has an interview with bank of america ceo, Brian Moynihan. Stay tuned for that. Look forward to that very much. Now, the retail pain. Shares of coal sinking again. The hard times for traditional retailers might not be over anytime soon as amazon continues to outperform. They were out yesterday with a note reiterating the preaddition that amazon could become the top clothing Retailer Next year, 2017. How big of a threat is amazon to traditional retail . Lets bring in stacy and cou Courtney Reagan. We are getting horrible numbers from macys and kohls and others. Is everybody migrating to Online Shopping right now . You know, i dont think its just that simple here. Everybody is blaming amazon and saying, all of a sudden, what is changed . Amazon has been around for a while. The numbers are getting worse. Macys traffi
A penny for your thoughts on this one. President obama gave his two cents on the fate of the penny saying hes openopen to the idea of getting rid of the copper coin. The president says it costs more for the government to make a penny than its actually worth. The mint says it costs nearly it. 5 cents to produce and distribute a single penny. Tell us what you think on that one. Meantime, lets take a very quick look at whats happening with the markets. The dow is down by 0. 3 . Walmart is down by 2. 8 on the reports of that internal email about february sales being a total disaster. The Spokesman Says sometimes these internal emails can be inaccurate. Thanks for watching street signs. Have a great weekend. Closing bell is next. Hi, everybody. Happy friday to you. Welcome to the closing bell. Im Maria Bartiromo at the New York Stock Exchange. The major averages in danger of posting losses this week though. If we stay right here, well see that. Im bill griffith. The dow does not be able to
SHREVEPORT, La. Prosecutors said they will re-try a former Shreveport man for the fatal shooting of an acquaintance at Mall St. Vincent, after the original trial jury deadlocked over