Better its very difficult to have an opinion on the market. Tremendous market confusion. I called people the last few days and they said, bob, give me an opinion are we going to have troops in hong kong or not going to have troops in hong kong . Is there going to be progress on the trade talks or not going to be progress on the trade talks just by the end of the year, is the fed going to aggressively cut rates or is the fed not going to aggressively cut rates . And most importantly, bob, can you tell us if the Global Economy will stabilize by the end of the year or not stabilize . This is a lot to model for aflt lot of these growth ml that people have, bond yields are one of the most important components its a difficult situation the one thing that makes me a little optimistic is the bull argument, bob, separate the manufacturing economy from the consumer economy and today we had reports from two of the Big Consumer Companies in the world walmart and alibaba. The big u. S. Consumer com
Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
The move after reporting results. Noti those Conference Calls kicking off. That one, bige fraud than enron. Allegations about the company, ge, having its worst day in more than a decade after a whistleblower, a highprofile one, called it bigger than enron fraud wise we will have the full fallout we begin with the topsyturvy thursday for your money, wild market swings on wall street she is down, she is up, she is down, she is up. Many investors left with their heads spinning falling yields china headlines, consumer data, all driving big moves. How should investors navigate all of the volatility . Guy, i will start with you it has been a week where we begin with 10 tariffs coming in, market goes down the president then says, well, im going to postpone for some, the market goes up yesterday the yield curve goes negative today back up. First of all how do you deal with in great to have you on board . Nice to be back. The cheapest thing you can do, tyler, you werent here a week or so ago bu
The dow and the s p 500 finished the day higher, af rel for investors who were searching for answers after yesterdays big selloff. Trade pushed stocks lower and then higher asd money rus into the bond market yields fell and stocks followed. At one point the yield on the tenyear treasury dipped below 1. 5 . Thats the first time that has happened since 2016. The yield on the 30year hit a recobu low, again, that didnt last. Yields rose in an unusually harp way and stocks swung wit them. Here is where the major averages closed on the trading day. O theu joins industrial daerage rose about 100 points, the n fell 7 and the s p 500 added 7. Bob pisani takes a look at the strange day. Reporter stock went for another wild ride with the dow swinging all day. We saw risk actions first on a number of back andand forth u. S. china trade headlines. As yields fell further to multiyear lows. A member of the European Central bank said the ecb was setting the stage for an aggressive rate cut in septembe
Election and General Electrics ceo wants investors to know he believes in the company after the stock suffers its worst day of trading in a decade find out what hes doing its friday, august 16th Worldwide Exchange begins right now. Good morning im courtney reagan. Brian sullivan is reporting live from hong kong, a very global show this morning. Brian, a busy weekend coming up, right . Yeah. This place could be electric it could be rocking later on tonight. Were in a public park in hong kong the reason were here is that there is a major rally, yet another one, expected for this evening. Its called the power to the people rally it will feature a speaker named joshua wong. He was really the leader of the 2014 protests. He ended up going to jail. Theyre setting up the stage there. In a few hours, 8 00 p. M. Here, 8 00 a. M. Your time back east, this should be filled with thousands or tens of thousands of people. The question for the cnbc audience, the question for the Global Markets is wha