Johnson threatens a general election road map begins with new tariffs on chinese goods hitting over the weekend. No talks between the u. S. And china in sight. Hurricane dorian battering the bahamas as coastal u. S. Braces for the worst and a longer wait for boeings max, could friction between the company and air safety authorities threaten a new delay for that fleet futures, though, slipping after the new tariffs on roughly 110 billion in chinese imports went into effect on sunday. The 15 u. S. Duty hits consumer goods rafrning fr s ranking fro apparel. Reports say that getting some parameters for new talks is proving to be difficult. Exactly i think that if you want to look at the bright side of that, the preopen this morning says there was no real hope for averting the tariffs. It is not as if you have a deal being handicaps now in terms of what the market is expecting on the other hand, bond yields still at their lows, not giving much of a sense that were through this period of jus
Were going to speak to woodman ourselves in an exclusive interview to talk about the outlook for the company and that gopro drone crash over the weekend. At the padres diamondbacks game as a matter of fact. Toll brothers losing Early Morning gains after a weak number for new home sales. We have a debate, bull and a bear, talk about whether these housing stocks are worth buying right now. But we begin with amazon Shareholders Meeting taking place today in seattle, talk of a potential stock split. Believe that when we see it. Deidre is at the meeting there. What happened today . Reporter hey, guys, well, wrapped up just over an hour ago. A lot of happy investors. Amazon stock run up 40 in 12 months. This was interesting. One shareholder noting that amazons stock is approaching a thousand dollars a share. Noted that its less and less accessible to a younger and middle class investor, so she asked jeff bezos why it seemed amazon was going the way of berkshirehathaway, and whether he consid
Stock exchange. We await for a fed meeting to begin tomorrow. China slips 3. 5 overnight. Japan leaves policy unchanged. Back here, retail sales okay. July revised up. Good auto sales offset by lower spending at the gas stations. Ahead of the rate decision, former central bankers are out today with more pronouncement force the fed. Asia continues to suffer. Shanghai down 3 as the bank of japan holds on a rate move. An upgrade forfe fitbit. More data for the fed to digest ahead of the twoday policy meeting set to get underway tomorrow. Retail sales up 0. 2 . Last month stripped out auto sales up 0. 1, that marks six consecuticon seco consecutive months without a decline. How does this get digested at the table tomorrow . The areas that are strong in the economy are rate sensitive. Autos, housing. I know a lot of people say bring on the rate increase. But you just mentioned where the strength is. That strength can be taken away. It can be taken away by a belief that unless the statement
Yield . What are you guessing . Around 2 . Lets take a look and see if youre right. Yep, we manage no were at 1. 8. Pardon me for that for forgetting how low we had gotten over the last week or so in terms of what it does cost the u. S. Government to borrow for ten years. Still well better if you compare to france bore rogue. 635 or italy at 1. 6 . Road map this morning starts with Morgan Stanley suffering the same fate as breaththren. Well break down results for you. Johnson johnson posts mixed quarter. Hurt by what else strong dollar. And around the rest of the world, imf cutting its outlook. China posting its slowest growth since 1990. And qe that is certainly on the docket, isnt it for europe this week. Lets start with Morgan Stanley. Its the latest Financial Firm to miss on quarterly results, at least according to what the analyst whose follow the company had expected. In this case hurt by what appears to have been weaker trading revenue out of its fixed income unit excludeing ite
Today a pair of deals. Endo buying parr pharmaceutical and for just over 2 billion. And potentially a third in the making i can confirm that they have resumed talks around a possible deal. Well have more timely to help, tim cook tells graduates not to live lives on the sidelines while apple acquires a gps startup. The dow and s p just shy of new alltime intraday highs. The dow, as we said about 16 points away from record territory. People wonder if this is the breakout of the wedge weve been watching for so long jim. Its certainly possible. We saw things last week that were really kind of very positive for the market. One, Interest Rates were good. We need them higher because the financials roared last week. The other thing that roared were the health care stocks. We still dont have the transports. I know that i was doing some work on the oil lines on the train lines for oil, with rbn, which is my energy source. There theyre going to be challenged. So we need the rails, but the health