i'm wilfred frost along with courtney reagan.st-reads. mine is titled uber and the tech giants must be restrained, on the back of the new that's mayor of london and transport for london are not renewing uber's license. they write uber new months ago they had to keep a london private higher license perhaps they believed themselves too essential to face many problems if it simply opted not to bother. london's municipal transport authority makes for an odd bulwark of democracy, but right now it's the best one we've got. millions of consumers love the service, but as people looked into it more over the weekend, it's been less of an outcry, there's been more people siding with transport for london if the result is that it forces uber to act to agree to certain rules. how they see those rules, they exist and apply to other taxi firms if that means uber plays by the rules, but the services still remains, uber could be the winner and sadiq khan could come out looking smart from this if it ends up with no uber in london, i'm sure people w

i'm wilfred frost along with courtney reagan.-read stories my pick is from the times, it's titled the bluffer's guide to sunday's election in germany penned by matthew elliott. it is exactly what title says, it's a bluffer's guide to the german election. i enjoyed reading it it has the latest on this election and a look back on the last three elections that angela merkel has been involved in, and how they play out and how this one is slightly different. well worth the read if you're not yet in the know of sunday's vote >> you said you don't think this will ab market mobe a market mot >> we don't have candidates like le pen or wilders. we have the afp in germany, but they're polling in the low teens. not likely to be involved in coalition discussion so it's merkel followed by the spd, also pro europe it's certainly interesting to keep an eye on probably not going to affect u.s. markets >>> my pick is in the "washington post." it's penned by wilbur ross these nafta rules are killing our jobs he's in favor of renegotiating nafta, th

for "nightly business report," i'm courtney reagan in richfield, minnesota. >>> but today wall streetn't buying best buy's growth story. the company said it expects its long term earnings to come in below wall street estimates. and shares took a tumble, off 8%. >>> in another sign of the changing retail times, kohl's will let amazon customers return items at some of their stores. the retailer will pack and ship the merchandise back to the online retailer for free. earlier this month kohl's announced plans to sell the amazon echo speaker, fire tv and other amazon branded devices in ten of its stores. >>> on wall street, stocks edged higher and closed at record levels as investors held off on making big investments ahead of the fed's upcoming policy announcement. we'll have more on that in a minute. traders this afternoon were keeping watch over a powerful earthquake which rocked mexico city. buildings collapsed, airports closed, and mexican stocks fell before trading was halted. the dow jones industrial average gained 39 points to 22,370. the nasdaq was up six be. and the s&p 500 added

i'm courtney reagan. >> i'm dominic chu in for wilfred frost.et's get to the market action we have futures showing a bit of stability ahead of that big jobs number check out what's happening with the stock futures. the s&p up by 1 point. the dow indicating a 39 to 40 point open and the nasdaq up by 5 points. the ten-year treasury note yield, always a focus with the jobs number, check out yields there. we have been seeing a downtrend as of late 2.12% the last trade there holding relatively steady. this could be a big mover if we get a big or disappointing jobs number >> that's true we have about 3 1/2 hours until we get that jobs number. as we begin a new month of trading, let's check out the august score card. the dow and s&p finished higher to extend their winning streaks to five straight months of green arrows the nasdaq gained a bit more than a percent in august the ninth positive month in the last ten the best performing sectors with information technology and utilities. the worst was energy as for the year so far, here's how the major u.s.

breaking news on equifax courtney reagan has the details. >> hi, michelle. this news just crossing from dow jones, equifax's chief information officer and a chief security officer are retiring effective immediately. the company has already named their replacements we don't have the names of those individuals quite yet. we're just getting the headlines right now. of course this comes in the wake of that massive data breach. the retiring executives were not those involved in the stock trades that we had previously discussed. the stock isn't moving, though, on this announcement michelle >> retiring, i guess that's the word for it. >> interesting timing, isn't it? >> thank you, courtney >> what day of the week is today? >> friday. >> what was this day last week >> friday. >> what did they release that last friday? this whole thing, right? >> 143 million >> uncool. if equifax is watching, which i'm certain they are, guess what, folks, somebody's going to pick it up, it happens to be us right now. if you want to put the news out, put it out during the day, not dur

courtney reagan has mo. >> reporter: target giving its employees an early holiday gift, a raise. the big box retailer is bumping the minimum wage to $11 in october with plans to pay $15 by the end of 2020. that means all $100,000 seasonal holiday employees will start at a higher wage. it's the third time in three years that target has raised wages, it puts target above the minimum wage in 48 states, matching washington and massachusetts rates, well above the federal minimum wage of 7.25. >> this is extremely good for the customer and extremely good for retailers, because it feels like they have finally gotten the message it is time to reinvest in the frontline sales associates. even in an omnichina world, the frontline sales associate is a very important position for retailers, and i think target recognized that. >> reporter: target hinted at invests in its team as part of the three-year $7 billion plan to improve its entire experience from the store to the website. the move has likely been in the plans for some time, as the big box retailer still plans to hit its profit forecast

they can pay that dividend >> courtney reagan talked to hubert jolie and auto zone, first revenue beateight quarters comps were a slight miss >> i liked auto zone over the long-term, because the buyback has been so aggressive, the top line being good was a lot more important than the bottom line which a lot of people feel has been tinkered with x with by these endless buybacks very positive beat even if incremental. we got 0.9 we got 1 for the same-store -- this is a revenue that's better, and credit suisse says it is better than fear that's good. we had peltz just now on p&g. tomorrow scott wapner has ackman they're out in force that will be a tough one for bill last thing we reported on adp, his decision not to convert his derivative position entirely to an 8.3 position in the common, still makes them a large holder, but only a 2% common holder. can only vote that 2%. he's got a tough battle ahead of him, mr. ackman. again, no surprise that he would want to try and put the pressure on to a certain extent >> very different in terms of much more general sherman march to the sea, rather

. >> i'm courtney reagan in for sara eisen >> nice to have you here today not on my own. >> you're not on your own. we didn't strand you today >> very nice i feel relaxed good to have you back here let's have a look at the markets. the fed remains center on wall street today investors continue to digest the news that the central bank will begin winding down its 4$4.5 trillion balance sheet next month. yesterday the markets did not sell off the dow was up 0.2%. the s&p and nasdaq were either side of flat there was even room for bank stocks to rally the best part of a percent. energy is the best performing sector bottom line is markets did not sell off they're not selling off again today. essentially flat in the premarket. ten-year treasury note we did see a reaction. the peak was just shy of 2.29% yields did increase. we are just slipping down a bit from there in general, the reaction was yields up a bit, and yield curve flattening a little bit. of course yields had already ticked up in expectation of this decision over the prior couple of weeks >> a big move in the two-year yield. don'

. >> i'm courtney reagan in for sara eisen nice to be here with you >> great to have you with us we did lose impetus in the final half hour or so, so much so that the dow about close lower for the fourth straight session in a row. albeit only fractionally that loss meant the bounce back in the nasdaq and the bounce back within the tech sector of the s&p was also less impressive than expected. the nasdaq up 0.15%. the tech sector up 0.4%. the s&p overall was flat expected to open higher today by 34 points on the dow and the s&p and the nasdaq expected to open higher as well ten-year treasury note for you, we didn't see much reaction yesterday to janet yellen's speech on the ten-year we did see the two-year lift a bit. but today it's getting a more pronounced hawkish reaction with the dollar strengthening. the yield up to 2.29% >> look at what's going on in asia this market pays attention to what's going in the united states when it comes to the fed and janet yellen after the fed chair's comments about looking to continue those rate hikes even without the inflation that the fed would like

let's get over to courtney reagan with those details. reporter: hi there, kelly, this is a report posted on cnbc.com by lauren hersh, the nordstrom family is close to a deal with private equity firm green for roughly $1 billion to help fund taking that company private. lauren hersh is reporting this deal not finalized and there would be $7 billion to potentially $8 billion in debt financing from banks as well the nordstrom family would still likely retain control but they still need that funding in order to take the company private. you can see here that shares are up sharply almost 11% after hours on this news that leonard green may potentially be partner for the nordstrom family to help it go private. kelly? >> wow so it may happen after all i guess we'll see. courtney, thank you. >> thanks. >> courtney reagan. >>> julian robertson had a warning for investors at delivering alpha earlier today we'rgog bnghatoe intori tt you when we come right back. dad: molly, can you please take out the trash? (sigh) ( ♪ ) dad: molly! trash! ( ♪ ) whoo!

. >>> welcome back to the halftime property i'm courtney reagan.watching copper prices hit a three-week low what's your take on this move in copper is this a temporary break in the trend? are we going higher or lower from here? >> a couple things are going on. when you look at crypto currencies, they have been working together over the last few months we have had a lot of negativity in pull back couple that with a huge run-up the breakout above 280 on the copper level was huge for the metal. i expect it to trade back down to 280, 290. the interest rate is fantastic for owning metals. i'm looking for diversecyfy kags when we get more of a pullback >> you want to buy but you are waiting for further dop. what key areas are you watching for copper >> if you look at the long-term trend, it turned around where it was supposed to, around 320. it is heading lower. i am looking for it to trade do you know to 285. that's where it is supposed to be bought with the resumption of the up trade that's what brian said too he wasn't looking at the technicals i any

. >>> welcome back to the halftime report i'm courtney reagan.atching gold and silver falling in today's session both metals on pace to break a three-week string of gains jeff killburg, are you surprised by today's move in gold given the weaker dollar and by the way those reports out of north korea? >> i am almost surprised, courtney let's remember year to date gold is up nearly 15% still beating the s&p 500. but i think gold as well as silver the trajectory is higher as we're still not done with north korea. >> down about three bucks. anthony grasante, what can we expect from the metals heading into next week >> i think the hedge funds are about to be squeezed on their long positions in gold and silver right now they're extremely long we have support in gold at 13.14. silver 1747. we start breaking through those i think the selling is accelerated. >> gres says hedge funds watch out. for more futures he head to futuresnow.cnbc.com. the "halftime report" back after this this is where i trade andrs. manage my portfolio. since i added futures, i hav

going to get a quick check on -- we're going to get a quick check on crude oil i jumped the break courtney reagan and the futures joins us now. >> we're not ready to go to break yet because we're watching crude oil break above $50 a barrel brian, what is driving today's move why are we seeing this >> i think we're seeing a few things going on in oil over the last couple of weeks one being the iea reported yesterday demand has picked up couple that with some supply disruptions, whether it's a hurricane or opec actually making cuts here now we're getting a boost in oil. couple that with a weaker dollar over the last couple months and now i think we're seeing that midpoint of oil shift from that $45 range up to 50 here, but we'll see. i think we need significant demand to really pick up to see it go significantly higher, because the u.s. oil producers are going to come online and they're going to pump oil out above this level and go out and sell futures against that and hedge themselves and make some money there. >> we've certainly been very range bound and $50 is a level we watch very closely. jim,

his vision for growth of the company's first investor day in five years stock is off nearly 7% courtney reaganke with the ceo. she's live at best buy headquarters in richfield, minnesota with more. courtney >> hi, michelle. so the shares are down on best buy's 2021 earnings guidance analysts had really expected more from a retailer that's come a very long way. remember just five years ago some were questioning whether best buy would even survive. now ceo hubert jolie is focused on growth, and a lot of that strategy has to do with the connected home >> you're still going to have the geek squad, the magnolia support, and have the in-home advisers and then also total tech support >> total tech support, this is so exciting. of course we've been in services for a long time with the geek squad. typically, the geek squad services were attached to a single product so you would buy that and it was repair-oriented, let's say, for your computer. with everything being connected, what customers have told us they want is support across their entire home. the service is attached to a household. it covers eve

after issuing a profit warning finish line posting quarterly result that is missed estimates courtney reaganth a look hi there. >> hi. the market cap shrunk over time and under $400 million and watching it for trends in footwear and apparel and say the retailer posting the final second quarter results today after you mentioned giving that warning in august so earnings did come in at the higher end of that lowered guidance despite shares falling nearly 20% after the warning, down further here today in the premarket now, the retailer is maintaining that lowered guidance for the year what happened? c ceo says it was a promotional marketplace and punished sales and margins. the company expects the industry's promotional stance to continue so it's not looking good for holiday total comp sales fell 4.5% though sales edits of 500 macy shops and shops of 6% growth finish line expects the comparable sales between 3% and 5% lower for the rest of the year kids shoe sales weaker than men's and women's. lifestyle shoes, that was a weakest group. but it could have been worse without stronger sales of new