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Buying program. And Steve Liesman is going to join on us in the next hour with an exclusive finding of the latest cnbc survey. Also on todays economic agenda, august cpi is coming at 8 30 eastern pim. Economists say the headline inflation number likely rose by 0. 2 . Also, here is a little bit of news for wall street. U. S. Grand jury has now indicted two former jpmorgan traders involved in the banks london Wales Trading scandal. They accused of hiding hundreds of millions of dollars of losses on market positions in a credit derivative portfolio. Kate kelly reports jpmorgan is close to paying about 800 million in fines related to the london whale losses. Get this part,. This may be the most important of all of it, jpm will admit to wrongdoing aus part of a settlement and that will be perhaps one of the first time weve seen that. It could be a key change for how these legal sett ....
Good morning. Im Erik Schatzker. Im stephanie ruhle. Did you watch the world series . I did, but not much. I am part of the problem. Morningsart this show with a bulletin. The top stories in business and finance from around the world. The u. S. Economy has not grown this fast and more than a decade. Gdp expanded at an annual rate of 3. 5 in the Third Quarter, more than economists had forecast. It grew at a 4. 6 rate in the second quarter. Combined, the two strongest back to since 2003. Household spending slowed down a bit. Cook says he is proud to be gay. He has an editorial in a new of Bloomberg Businessweek. He writes that he has always tried to maintain a level of privacy. That has held him back from doing something more important. Here at Bloomberg Bu ....
For the economy. And the Federal Reserves policy is to do whatever we can to keep the economy on course. The fed also downgraded its outlook for the economy. It now expects gdp growth will be in the 2 to 2. 3 range for this year. As for the market response to the feds announcement, well, stocks soared to alltime highs. Looks like game on as far as any of these shortterm traders are concerned. You saw bond yields retreating. The Dow Jones Industrial average closed at 15,676. The tenyear yield crept down to 2. 7 . The dow and the s p posting their best day since midjune. All the sectors closed in positive territory. Among the biggest winners, the Home Builders. We talked about how that was an Interest Rate sensitive group. 2. 7 was where it closed yesterday. The ....
Cruise ship. Following the money, some of the worlds most influential investors reveal where theyve been putting their money currently. But to russia with love, currency wars coming to moscow as g20 leaders meet there. Did liesman go . If so, its a big home coming. Squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen. Andrew ross sorkin is off today. Our guest host this morning is sir Martin Sorrell. Our top story, nightmare at sea. More than 4,000 passengers on the disabled Carnival Cruise cry oomph docked late last night. Michelle Caruso Cabrera is there on scene. Shes going to join us with more and what the means for carnival and the broader cruise industry overall. We are tracking the markets this morning. A lot of excitement fueled in large p ....
One year after the PGA Tour announced a proposed deal with the backers of LIV Golf, there still aren't many answers about where golf is headed and how to repair the fractured landscape with great players on two tours ....