wall street was being red on tuesday, bank stocks leading the way. shares in goldman sachs fell 2%. the catalyst was moody s downgrading the credit rating on several small and me us banks, including mmt and pinnacle financial. the red flag is raised by the ratings agency including a potential recession as well as problem so to the commercial real estate set up. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed that for the first time americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the third quarter based in part on a post pandemic rebound in road sharing. rivi and posted a narrower loss than expected and raised its production guidance for
2%, the catalyst was moody s downgrading the credit rating on several small and medium sized us banks, including mmt and pinnacle financial. the red flags raised the ratings agency included a potential recession, as well as problem side to the commercial real estate sector. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed for the first time americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the third quarter based in part by a postman damik rebound in ray jones. meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its production guidance for the full year. elsewhere on wall street this morning, nine companies,
shares in goldman sachs fell 2%. the catalyst was moody s, downgrading the credit rating on several small and medium sized us banks, including mnt bank and pinnacle financial. the red flags raised by the ratings agency included a potential recession, as well as problems tied to the commercial real estate sector. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed that for the first time, americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft, which reported results after the us market closed. uber s small arrival is forecasting higher revenue in the third quarter based in part on a post pandemic rebound in ridesharing. meanwhile, electric vehicle maker rivium posted a narrower lost than expeted and raised its production guidance for the full year. m
threatening, he s potentially witness tampering. then there s hunter biden and the transcript from his his ex-business partner that is, shall we say, revaling. devon archer claimed it was all about selling the biden brand. but which biden? the latest on how joe biden is doing his own rebranding. then a mob seen in manhattan mob scene in manhattan when a social media star promised some free stuff, now he s been charged with inciting a riot and for downtown new york commuters, a travel nightmare: welcome, everybody. glad to have you, i m neil cavuto. by the way, did to you know that that new york city bedlam actually started with the promise of free ps5 gaming consoles? i mean, i could see if they were giving away boxes of cannolis or napoleons, but a game? anyway, more of that in a bit. but first to the serious fallout from all of these presidential legal battles, and alexandria hoff in washington where they re very much not playing games. alexandria, to you. reporter: yea
understand that he has the opportunity to appear either virtually or in thursday. that was granted in the last two arraignments. we understand that thejudge will arraignments. we understand that the judge will decide which one it is. but given that mr trump has appeared in person for the last two, it is probably likely that he will appear in person for this indictment. he tends to use them, as we ve seen previously, as part of his campaign. and we are seeing his republican allies really rally around him. and in some ways, they are ramping up the rhetoric to defend him. some of them are calling for the special prosecution s investigation to be defunded. they are saying that donald trump can t get a fair trial in dc. of course, it s being held here, the scene of the alleged crime because it is a left leaning city. they refer to it as the swamp. but remember, donald trump s second indictment, which is in florida. the trial will take place there. florida is his home state. it s a