I also have a great guest for you, michael kolanovic, j. P. Morgan, he thinks the bottom is in and hell be here to explain why and well talk about what hes seeing and why hes studying coronavirus trends around the world to try to understand the stock market, netflix made a new high. Bed, bath and beyond, that stock is up a little bit after hours and its down about 80 over the past year. We got a triple whammy we have to start with the market bad data on retail and oil falling to 20year lows and the banks continue to drop on their earnings concern guy adami, of those three because i would argue and i didnt think data mattered at all, of those three which one matters the most to you . I think the fact that oil cant get out of its own way out of those three the way that banks have traded, we can talk about that, but the way the data we knew would be miserable and maybe its worse than a lot of people thought and the bloviating and the noise, it cant get out of its own way and the rally las
U. S. china trade talking taking center stage today. Billions of dollars in new tariffs hang in the balance. Well take you live to washington. And the stage is set the second round of democratic president ial debates kicking off tonight. We are live in detroit with a rundown and why trillions may be talked about it is tuesday, july 30th as Worldwide Exchange begins right now. That song coming out today in 1966 good morning, good afternoon, good evening and welcome from wherever in the world you may be watching im Brian Sullivan we have a major developing story overnight. One that might have impacted you. Capital one disclosing a massive data breach that could impact more than 100 Million People across north america thousands of Bank Accounts compromised. There is one hacker in custody well get much more on this story and whether you might be impacted coming up as we await the fed decision tomorrow at 2 00 p. M. Eastern time, heres how things are setting up futures are down to maybe a l
we re talking triple digits and it will last right through the better part of the weekend. that is wild. derek, thank you. thanks so much for joining us. i m laura jarrett. new day starts right now. good morning to viewers here in the u.s. and around the world, it is thursday, june 9th. i m brianna keilar with john berman. we begin with the price of gas, closer than ever to the dreaded $5 a gallon mark. the national average for a gallon of regular gas hitting $4797 up nearly 2 cents overnight and this is the 13th straight day of record highs for the gas prices, it s the 30th in the last 31 days, the surge hitting americans right where they live and drive. so it is worth noting that when you adjust for inflation prices are not at record highs, not yet, but they do keep rising with no real end in sight. this is what president biden said about soaring gas prices during his appearance on jimmy kimmel overnight. look, inflation is is the is the bain of our existe
Lower because inflation Interest Rates are heading higher, there is a surprise in the numbers today. Retail sales actually fell in january no explanation, but a surprise. So this is where we stand after three days of gains, stocks down this wednesday morning. Throughout the show we will ask now what . We also have good news, more good news from olympics american team, the old half pipe star has returned, Varney Company about to the guys been around a long time. The latest medal count, germany has the most gold so far. The netherlands leads overall. The u. S. Is days. On a personal note, this medals count for countries. I prefer to celebrate extraordinary individual performance. Everyone should win one. Youre putting the metal cow. Stuart i admire your attempt at humor here. Ashley its about winners. Im for america winning the most gold. Believe me. Future is down because inflation is that. Down 200 though. Catastrophic for the dow. Lees peek columnist and creature router to the hail. A
Abiden run all over the place this morning. And the president takes the war on coal to a new level. Hes going to kill it. Coal Company Bankruptcy beginning. Its supposed to be quiet, its not. Varney company is about to begin. First out of the gate look at the price of oil right now. 46. 30. Had been down to the 45 range a few moments ago. Crude is down 46 now, it was 62 in june. Now, look thats good news for drivers the price of goes keeps coming down and every day, down about a penny a gallon. 2. 65 is the National Average now. By the way, i paid 2. 31 in new jersey earlier this morning. Ashley arent you special . Very good. [laughter] theaterats right, were going to call it a streak. Its not all good news a photo from wayne in california 4. 39 for regular at the mobile station in california over the weekend. Theyre not feeling the relief. Thank the greenies for that one. Moving on. President obama taking his climate crusade to new levels wants carbon cut a third by 2030 and force the