Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a touch below expectations with year over year rate climb
Take a look at some of the individual nasdaq winners year to date. Align technology, taketwo interactive, vertex, wynn resorts, micron. You stick with whats working. For most of those names, yes. They show growth if they can continue to show that growth absolutely most of these names fundamentally, when you look at, for instance, micron, i dont know whether or not its certainly a buy or not today, this moment, but when you look at this after it broke through 32. 5 it went straight up towards 50 i mean almost every single day yet when you look at the valuation and the Growth Prospects of this company, theyre still very, very compelling so i think there are plenty of opportunities out there, even in some of these names. Now, wynn, i love that name, absolutely love that name. And you love steve wynn. I sure do, you know why, because he led the way he was buying his own stock at 53 all the way up to 100 but can it hold up at these valuations at 170 a share im not so sure. Well talk to the
Attack on a school in nigeria more than one hundred school girls are still missing well have an exclusive report on how one family is desperately trying to find their daughter. Also coming up top flight play in the book those leadership all got took on labor clues and in a crucial showdown up for grabs a top three spot in the overall standings. Plus well have a round up of the booze in the plaza at the Winter Olympics in south korea the closing ceremony colorful as they get. Brian thomas welcome to the show german chancellor all a macro has announced her cabinet with picks aim to win over critics from within her own party her conservatives are expected to approve her hard fought Coalition Deal in a vote. Later today but macko also still needs the final approval from her Coalition Partners potential partners the social democrats to be sure of a fourth term now as she awaits the green light from both camps the chancellor has moved to heed her partys call for a new direction and for new a
Going to be a little warmer by the coast. Current temperatures right now San Francisco, 60 degrees. Its going to be the upper 50s for Mountain View san jose, morgan hill and Half Moon Bay. Leyla, thank you. Time now is 5 01. Developing news out of vallejo. Firefighters are at the scene of a vegetation fire. The fire broke out at about 10 30 last night and was under control a halfhour later. Crews will stay at the keen of the five acre fire until there are no more hotspots. Sky 7hd was above a 45acre fire about a mile away. The firefighters he want it from reaping homes nearby. A scary story out of the east bay this morning. Police say theres a fake officer, complete with an official s. U. V. , stalking people. An employee at the Lawrence Livermore National Laboratory said she was followed all the way to tracey by what appeared to be a Livermore Police s. U. V. We have the story the reason they know it wasnt anosser the Police Officers only use Ford Explorer s. U. V. S and all have spec
Along the coast. Leyla, thank you. To developing news out of vallejo. Firefighters are at the scene of a vegetation fire that burned fences and got near homes. Crews will stay at the scene of the five acre fire until there are no more hotspots. Sky 7hd was above a 45acre fire about a mile away. The firefighters he want it from reaping homes nearby. A scary story out of the east bay this morning. Police say theres a fake officer, complete with an official s. U. V. , stalking people. An employee at the Lawrence Livermore National Laboratory said she was followed all the way to tracey by what appeared to be a Livermore Police s. U. V. Abc7 News Reporter Sergio Quintana has the story. Reporter the reason they know it wasnt an officer, the Police Officers only use Ford Explorer s. U. V. S and all have specific painting on the side and thats not the type of vehicle that was following the lab employee. You notice the white s. U. V. Followed her. It was a chevy suburban she thought. The white