Results at the bottom of the hour. Markets off their highs of the morning. We did have a little relief trade higher the s p was up more than 1. 1 at the highs, right back to that 4500 level thats been sticky the dow is closer to its highs of the month, actually and the nasdaq outperforming a little bit today as bond yields remain fairly tame, carl. Got the tenyear back to 3. 95 for a moment the vix back below 15 for a moment signs we had gotten used to in july we relaxed a little. The weekly claims is digestible but there was an uptick. Soft landing premise remains intact well see if the markets get tested on that assumption at this point cooler than expected inflation driving markets after that cpi report exfood and energy at lowest levels since october of 2021 but the probability of another rate hike in september down to 10 . Is the fed on the cusp of executing this soft landing many thought impossible joining us pimco managing director josh schneider. New data anything change about
The pressure of her treasuries continues to widen and getting good momentum back, novartis ceo tells bloomberg about the improved outlook for the outcome unit. Alcon it gives them more options. Performings is better than anticipated. We are going to get an analyst opinion on this stock at 8 30 u. K. Time. Less than half an hour to go until european equities open. We have already got what is an interesting future story developing. It is picking up from what we saw yesterday in united states. Naked this morning, we saw a selloff post the failure in its current form of the Mitch Mcconnell bill to replace obamacare. It isnt going to happen. What happens next, market is still conjuring and trying to extrapolate this. Does oppose a problem for the rest of the trump agenda, what does it mean about mr. Menu shoulds ability to avoid a debt ceiling. Lets move on from there and talk about what we are seeing around the world because the aussie story is interesting as well. Talk about the gym this
Chances for rain today and tomorrow with the potential for showers through the morning will increase slightly into the work week but not by much. Day for rain through the next 7days, others say the rain is out by late tonight and we will see a drier tuesday. I am playing on the side of caution with our touchy monsoon moisture and say to keep the umbrella handy for tomorrow morning and afternoon. By wednesday and thursday, a much drier forecast is expected with mainly sunny skies but highs hold between 99 and 104 degrees but winds look to pick up thursday morning and last into friday where we see another opportunity for right now. Overnight near rainbow and smoke ranch. Police tell us just before midnight the suspect grabbed the victims purse an apartment complex, and when she turned around he put a gun in her face. Police think this could be related to some similar robberies that also happened in North Las Vegas overnight. Were talking with police to get more information. Well bring yo
Clintons past debate performances for her senate and president ial campaigns. And eventually will hold mock debates to prepare. The other big story this midday is the possibility of rain heres first alert meteorologist greg bennett with more. Several factors play into chances for rain today and tomorrow with the potential for more rain into the end of the work week. Today, partly cloudy skies will be common along with a shot for into the evening with 5pm to 9pm being our best wind for widespread rain and possible thunderstorms. Highs look to range between 94 and 99 degrees valley wide and will increase slightly into the work week but not by much. Day for rain through the next 7days, others say the rain is out by late tonight and we will umbrella handy for tomorrow morning and afternoon. By wednesday and thursday, a much drier forecast is expected with mainly sunny skies but highs hold between 99 and 104 degrees but winds look to pick up thursday morning and last into friday where we se
Thanks for joining us today. New this morning an immigration flip flop . Donald trump dramatically shifts his tone on the single most defining issue of his campaign promising to be quote, fair but firm toward the nations estimated 11 million undocumented immigrants. As new questions swirl around his immigration stance, but trump pushed back on any indication he may be flip flopping. I have very good relationships with a o people, a lot of hispanic people, were talking about it, were going to get rid of the bad ones. The bad ones are going to be out of here fast. As far as the rest well go through the process like they are now, perhaps with a lot more energy and were going to do it only through the system of laws. Okay. Were working with a lot of people in the Hispanic Community to try and come up with an answer. So youre not flip flopping . No, we want to come up with a want to come up with something fair. And he didnt budge on plans to build a border wall. Were going to build a wall,