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Jamie dimon calls it a bubble. Hell explain the one thing he things theyre missing about bitcoin currency in a rare, sure to be explosive interview. First, consumers are making a comeback as Retail Stocks are on track for their best month since last year. Best buy higher, home depot hitting a fresh high today is this the beginning of a retail resurgence . Guy . I think it is a value trap. Can you trust the resurgence the answer in the short term is yes. Ill give you a good example look at foot locker. We had a conversation, i think it was august 19th or 18th, the stock had horrendous guidance, traded down. This was a 75 stock, traded down to 31 within 2 1 2 months. For all the right reasons, by the way. We said look at this stock, traded north of 40 million shares i think you flushed a lot of people out theres a very good chance you get a tradeable bounce from here you just mentioned finish line that stock rallied today and foot lo ....
Delay of aramcos ipo which made push to be the biggest share sail into 2019. We will ask why. China calls. Economic growth science shows signs of growth. Retail sales taking lower relative to expectations. Does the chinese economy peaked in the first half of the year . That we will be following story this morning. Also looking at european futures. Not a lot to push us around this morning so maybe we will get some impetus from the china data. We see the euro stoxx 50 futures down one third of 4 and dax futures down. 251 . If you take a look at bunds, the yield is rising so investors selling off the perceived safety of German Government debt albeit a miniscule amount there and pushing the yield up right now to 0. 41 percent. We are starting to get a little bit of a firmer picture this morning but not a lot of movement after the drop in asian stocks. Guy that is exactly what we are seeing on the gmm and the currency column telling ....
Our own tenyear back to 220 we begin with riding the record run on wall street futures point to moderately lower open plus, dinner and a deal or no deal conflicting reports on an immigration agreement after President Trump dines with Democratic Leaders schumer and pelosi. Equifax blaming vulnerable web data, down 30 in the past week after another recordsetting day for stocks, the dow is on track for best Weekly Performance as we have two more sessions together again. Were kind of running out of catalysts. I got up and said, lets check the research its like, wow, okay, i see theres a note out about Tenet Health Care and whether thats going to be able to get anybody to buy it. And then i see a couple of notes about a couple of obscure companies that are to ....
Around and early sunshine and some precipitation trying to well up from the south and west. Its showing you mean on Storm Tracker 6 live double scan let me give you a closer look most of us it is to the south and west, our western suburbs might get caught boo by that this morning. 69 degrees is the temperature in philadelphia. 69 in allentown and trenton. 68 in wilmington. So, as you can see seer were starting out mild, 71 degrees in cape may. 77 degrees by noon, 80 by 3 00 p. M. Some sunny breaks at times, by 5 00 p. M. , 79 degrees, the farther we go into the afternoon and evening the better chance we have of a popup shower or thundershower. On the the bus stop most of the kids remain dry. Its a morning where you want to take a look at the radar before you send them out there. 68 degrees in philadelphia. Mild, partly cloudy and spotty shower is possible. Maybe fog in spots, too thats something to keep in mind. When we take a look ....
Cloudy in most spots. We have showers in the western portion of the region. Berks county the western part of the county picking up a light shower and southwestern Chester County may be getting in a couple of minutes. New castle county delaware will pick up a spritz. Most of that will fall a part and most of the precipitation holding off until later tonight. 67 in allentown 69 in trenton. 67 in wilmington. Its humid out there this morning, the dewpoints are in the 60s well into the 60s in most neighborhoods starting out human today than yesterday, anything over 60 indicates humidity you tend to feel. We have fog here and there, its been fluctuating a bit over by toms river and allentown and lancaster have patchy fog, as we roll through the day its warm and muggy. 77 degrees by noon. High of 80 this afternoon by 3 00 p. M. At times there will be a shower may be a 0 thundershower or thunderstorm, if we see that its likely after 2 00 ....