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President. Road map begins with stocks moving lower ahead of the open, investors digesting trade war fears, latest jobs numbers, the uncertainty about the feds next moves. Trump tariff threats, the president promising to tax the hell out of china until a trade deal is reached. Oil prices recovering after the worst trading day in four years. Both exxon and chevron moving higher after reporting Quarterly Results this morning. Along with inline results for july, payroll gains were revised downward for both may and june the Unemployment Rate held steady at 3. 7 for a second straight month wage growth 3. 2 from a year ago, but manufacturing weak, year to date average 8k, works 22k last year and santelli pointed out, manufacturing work hours, the lowest since 2011. We know where this is all coming from. Were continuing to get a tale of two economies. Overall a healthy job rep ....
What it means for you and the markets. A big day for earnings. Some major movers ahead of the open will set the tone for this trading day. Well dig in on a lot of the big reports. And one name with a big earnings move is twitter. Shares up nearly 10 right now. Take a look at the eye popping numbers. First up though the president set to unveil his proposed tax law changes today. Among the highlights a cut in Corporate Taxes, a cut in the rates of foreign profits brought back to the United States. The lawmakers were briefed yesterday by treasury secretary mnuchin and director cohn. Mnuchin spoke a moment ago about Corporate Tax rates. I will confirm that the business tax is going to be 15 . That is what the president said in the campaign. He said thats critical to drive growth and, you know, what i would say people talk about ....
State victories and macrons swearingin. Oil up on news of more Production Cuts and an Empire Manufacturing the first negative read since the election. Our road map begins with a cyber warning after hackers attack 1 50 countries over the weekend. Microsoft said it should serve as a wakeup call to governments around the world. And theres an agreement on the extension of the Oil Production cuts. The white house is hopefully to quickly pick the next fbi director. Will democrats make that possible . First up this morning, asian governments and businesses reporting some disruptions from this Wannacry Ransomware worm this morning. Its locked up hundreds of thousands of computers in more than 150 countries since friday. Security experts warning of further disrupt ....
Now theyre back downtown for the start of squawk alley. Hi, karm all right seem yashgs thank you very much. Good morning it is 8 00 a. M. In newport, oregon the First North American city in the path to have days total eclipse. Its 11 00 a. M. On wall street squawk alley is live. Good mo. Welcome to squawk alley. Were at post 9 on the New York Stock Exchange jon fortt has the morning off. The dow is down off the lows we did see some pressure this morning, particularly on stocks in the nasdaq continuing to underperform that index coming off a four week losing streak mid morning here, sarah, we won wondered whether we would test the lows the vix didnt manage to spike. That made somebody moderate selling pressure after two weeks of decline a lot of people also talking about the rustle 2000 index of small caps underforemaning down four straight weeks in a row. Now a ....
Registering 5. 8 . 2 1 2 year high. The road map begins with President Trump going to congress in his First Official address to the nation. Asking for billions in military spending along with cuts in other programs. Target tumbles after an earnings miss. The retailer sinking more than 13 in the premarket in what would be its biggest decline since it went public in 1972. Could it be lucky number 13 for the dow . The record run for markets continues. The president will address a joint session of congress tonight. The theme will be the renewal of the american spirit, focusing on Public Safety as well as Economic Issues like job training, health care and tax reform. The president expected to call for an increase in military spending by 54 billion. Large cuts in other p ....