And take a look at where we stand in the markets now we are at session highs. Dow and s p, nasdaq, all rallying the dow is up by 1. 4 . So is the s p 500 and nasdaq is up by 1. 7 major averages are on track for their best week since the beginning of june. Check out some retail that i means hitting record highs home depot and target lets get to bob pisani for more on whats driving stocks higher look whats going on here this week, the sectors most beaten up in august, theyve all rallied. Cyclical semiconductor, retail, industrial theyve all rally ied this week. The more defensive groups, the ones that have been stronger all throughout the month of august, the Consumer Staples and the ewe tillties and gold stock ises, theyre all underperform iing ts week so what is this were seeing here is this an oversold rally in these sicyclicals . Month end rebalancing . More optimism on trade talks maybe all of them. The problem is theres not a lot of confidence in the rally because of the uncertaint
Varney company is about to begin. Look closely, please on the lower left of your screen you can see the flag atop the u. S. Capitol lowered to half staff in honor of the four marines and sailor killed last week in chattanooga. Speaker speaker Speaker Boehner making that order however at the white house the flag is not at half staff. Lawmakers want to know why. Listen to this. The flag goes to half mast for all other types of incidents around the country. Five servicemen have lost their lives. I cant imagine. When asked about the white house secretary josh earnest said today. Youll have the president discuss this more at his conference at the vfw. Stuart half staff at the capitol and full staff at the white house. More on this with an army combat veteran. Happening today, john kasich, the governor of ohio is announcing that he is running for the presidency. That will happen around 11 30 eastern woo well take you there live. Much more throughout the program. The focus on wall street big
This victorias secret star balances it with an ad director. I am Erik Schatzker. I am flying solo today. Stephanie ruhle is off, getting a long weekend out of it. Beenobless rate has not this long since october 2 thousand eight. Once again, it is not necessarily a positive. Welcome back. Theome back to figuring out jobs report. Michael mckee is here with the highlights of this mornings data from the labor department. I hope youre not here to tell me this was a good report. I do not believe it. Were going to agree to disagree. It was not a great report but not a terrible report. I would take issue of your characterization of it as that. It is only the establishment number that came in much lower than expected. We did we did see a job and the Unemployment Rate. We see more people getting jobs, 638,000. Whether you believe that are not. A big change in the household survey. We also do not see a big weather if that in this. You have to wonder whether theres something going on in the econom
Brew of arsenic and cheap scotch and sipping it on my dirty linoleum floor. No, i like my data to be mixed. That huge pool of data that confronts us every day, because the more mixed the data, the higher the averages. The dow climbing 78 points. Allnew records. Nasdaq advancing. The index was weaker than forecast. The jobless claims, they came out. Stronger than forecast. Consumer Sentiment Survey that shows Consumer Confidence is high. Weve got a bloomberg report that came out that shows its at a fivemonth low. Philly and the empire state say good gains in manufacturing. But orders are among the weakest of leading indicators. Thats what i call mixed. Why do i like mixed . Because the market likes mixed. Looking at the dow jones industrial, still one more alltime high today. Why is this mixed state of macro data such a pleasing cocktail to the bulls, even as it can be a tonic, a toxic one, to the bears . First, because my biggest longterm fear as an investor is the scourge of inflation
Peril. Inside politics, the biggest stories sourced by the best reporters now. Welcome to inside politics, im john king. To our viewers in the United States and around the world, thank you for sharing your sunday. Well get to a big week in american politics in a moment. First, the latest on a shabbat shooting at a california synagogue. One woman dead and 19 others wounded after a 19yearold burst into a synagogue about 25 miles north of san diego. Your entire nation mourns the loss of life, prays for the wounded and stands in solidarity with the jewish community. We forcefully condemn the evil of antisemitism and hate which must be defeated. The california attack six months to the day after 11 people were murdered at the tree of life synagogue in pittsburgh. Nick watt is live with the latest. Reporter that gunman is behind bars on one charge of first degree murder and three charges of attempted murder. Yesterday during a service here at the habat synagogue, he led the mayor to quickly b