i've watch, shut down, have to shut down everybody's committed speech. the main opposition comes from hard line members of his own republican party, but many what major cuts in spending and some may be willing to go all the way, give the american speak to the tax money back. that will be a good thing. with a take a couple of weeks shut down. probably. so that's, that's fine. we need to have like the american people tired spanish congress passed to extend funding before september 30th. after that, the government will have to shut down until more money is approved. that means non essential staff are sent home. some areas like law enforcement and air traffic control will be effected. other services would continue, but at reduced capacity there's been more than 20 government shut down in the past 40 years. most only lasted a couple of days, but more recent ones in 20132019 went on for weeks. the pitch ratings agency recently downgraded the us credit raising sizing, a study deterioration in governance over the past 20 years. the divisions in congress have law

, it of course never shuts down the us military, it doesn't shut down any one of 800 military bases around the world, or the aircraft carriers, the submarines, it doesn't stop their wars for one minute, but does impact working for profoundly in the millions and their families, so that is who it's intended actually to impact, do they care if they create hardships for working people? no, they don't at all, they'll actually save some money doing this, and that is what is the cruelest part of this theater. danielel plat, the american government's finances aren't in good shape, in august, the us credit rating took a big hit. how big of uh a hit, it will be substantial, but again i think that this problem would exist, shut down or no shut down, and they do uh look forward to blaming their failures on the shutdown. same question, you miss flounders uh about the fledging economy of the united states, our guests in la believes that the economy is in trouble with or without a shutdown, the u.s. economy, the economy is in trouble with or without a shutdown. "the us economy is in deep trouble, uh, the

and shutting down. i guess my question to you is what are leaders right now, if you are having conversations with senate leaders and possibly mccarthy about the bigger picture here, trying to make sure the government is actually functional for a full year? >> as house democrats we have full and complete and total confidence in the top democrat on the house appropriations committee, who has led us up to this point in an extraordinary way, was involved in the conversations with her senate counterparts with respect to the bipartisan continuing resolution that is pending floor action in the senate right now, and we will continue to take the lead moving forward, hopefully when we avoid this extreme maga republican government shutdown, because the continuing resolution that is under discussion would extend the funding from october 1 through november 17 for about a six week period of time, and that will actually give the appropriators the ability to sit down and have thoughtful, comprehensive conversations abo

it is 10:00, straight to the money, downside moves, the dow down 30, s&p down 20, the nasdaq down, tech stocks down one hundred 20 on the nasdaq. show me big tech, they are all down, apple, microsoft, meta, amazon. not a huge selloff but a 10 year treasury yield moved above the 4.3% level. oil got to follow closely, some inflation with oil moving out, $90 a barrel up this morning, just received the latest read on consumer sentiment. what number do you have? lauren: it went down because gas prices went up. the number for september, per limiter number, 67. 7, the expectation was 69. one. cpi and ppi both came in hot, 5 year inflation expectations did come down a bit. i find that encouraging. one of the point, few customers in this survey mentioned potential federal government shutdown but if it comes to bear they are really worried about the economy. put this in perspective, you have the hollywood writers and actors on strike, the auto workers on strike and potential of the government shutting down. how would you feel about that situation? stuart: the number of consumer confidence, the ma

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last has sands, 40% of their sales in china, down 10%. estee lauder, 34%, down 10%.he list goes on and on. tesla, all of these names are down double digits and some of them almost more than that. so, what do you do? you own maybe a blue chip name and exposure to china or own an apple? we've got this cold war that is getting really hot between america and china and could these companies be caught in the crossfire? >> well, i think some, i think that the tech companies can certainly be caught in the crossfire. things like estee lauder and las vegas sands, i think that is more of an economic thing, a economy thing, a slowing economy that is affecting those names. i don't think there is anything about estee lauder's ip china wants to steal, they want to steal all ourology ip which they have done until trump put a stop to that part of this issue with xi xinping banning the phone sales, i said that in my note today. at what point does he say you no you can't even use the phone? starts telling everyone no more iphone? i don't play directly in china. they could change rules

down but the dow is down almost 82, s&p down 13 and the nasdaq is down about 50. the ten year yield is up, that may be putting the pressure on nasdaq stocks in the tech stocks after more than 150 days meanwhile it looks like there may be an end to the writers strike. hollywood studios and writers certainly have, they reportedly struck a tentative agreement. meanwhile no end in site for the auto union workers strike but joe biden will be joining the picket lines tomorrow right before he heads off to a trip on the west coast for another 2024 money grab. it is monday september 25, 2023. "varney & company" is about to begin ♪ ♪ >> welcome to this rainy monday in new york at any rate i hope it's better weather in your neck of the woods. it is debate week. wednesday night we will see republican candidates take center stage and try to convince americans to give them their vote. madison alworth is not the ronald reagan presidential library where the debate will take place. set the scene for us. >> absolutely, good morning we are here in simi valley at the ronald reagan pr

down again today -- down today.anies target customers with better marketing e-mails, for instance. some numbers are important. the pricing of the ipo was $30. it hit 39 but now it's turned 32. very muted reception in the debut week. this is a profitable tech company, which surprises me. so why is wall street so unsure about a company that is profitable? two reasons. the fed. the tech trade overall is being sold off because of the higher for longer message from the federal reserve. and if you look at klaviyo along with instacart and arm, they had very stringent free flows. that could impair the price discovery when you don't have as many shares available, the price is hyped up when in reality9 the companies aren't living up to that hype that is behind this ipo market revival. stuart: look at instacart. they debuted tuesday. is it now -- at 31, is it actually below its ipo price? lauren: it went below $30, that was the ipo price. the hesitancy to back tech in general, but for instacart, where's the rub coming from? it

and down, down i went there — there were signs. and down, down i went.ew people there. the staff were there. there _ went. there were a few people there. the staff were there. there was - the staff were there. there was water _ the staff were there. there was water and — the staff were there. there was water and a _ the staff were there. there was water and a coffee _ the staff were there. there was water and a coffee machine! - the staff were there. there was i water and a coffee machine! they were _ water and a coffee machine! they were quite — water and a coffee machine! they were quite smart. _ water and a coffee machine! they were quite smart. they— water and a coffee machine! they were quite smart. they knew- water and a coffee machine! they were quite smart. they knew the| were quite smart. they knew the early _ were quite smart. they knew the early warning _ were quite smart. they knew the early warning was _ were quite smart. they knew the early warning was set. _ were quite smart. they knew the early warning was set. they- were quite smart. the

oil needs to come down, yields needs to come down, we got a problem. >> i think it is a triple whammy. i would throw the dollar into the mix as well. >> good point. >> and that's what's unique about this point in this cycle is that we have got both the dollar and oil going up. normally they're inversely correlated and just points to the unique circumstances in terms of why oil is moving up. it is not a demand story, it is a supply story. but i think what had been a very yield driven equity market, i think it has now become driven by the combination of yields, oil and the dollar. so i would agree. i think it is tough. if we were going to continue to see that upper trajectory across all three areas, it is hard to see a scenario where equities can do well under that environment. >> how do you look at the idea of there is still just good competition elsewhere for people's money? you get 5% or close to that on a variety of different products that are out there. so we still have other places to make things work without taking as much risk perhaps in a risky part of theier. >> i think that's

and then down on the james river. and concerned that he might have to send reinforcements, support them. so what he ended up doing was taking general longstreet's first corps basically third of his insurgency force and his best moving it down to gordons ville several miles south of where the rest of his army was stationed, so that it would be on the orange and all i'm sorry, would be on the central railway and could either hop on railcars and support confederates in the valley or zip down to richmond and support confederates fighting against general down there. so lee is sort of stymied. so we see him frozen in place, which is very unlike general lee, and he also realized the importance of holding that line along the rapid and river. and he said, as a matter of fact, a message washington saying that i'm sorry to richmond saying we must hold rapid in line. otherwise great injury will befall us. and what he was talking about this if he had to fall from the rapid end line, he would probably have to end up dropping back t

you have deutsche bank down 3% of the commerzbank down 4%. socgen down 3%.ou have another downgraded. over all, a pullback in the banks. on to luxury. cac 40 is leading the losses because of the pullback in luxury. lvmh down 1.8%. part of the reason we have seen novo take that position as the largest stock by market cap in europe. lvmh has gone down and novo has appreciated. chris matian dior down 1%. let me hand it over to joumanna with data from the ecb. >>> julianna, we have been piecing through the signals on the pmi side of things. we just spoke about the composite numbers coming in lower than the flashes estimate. we are also getting results of the ecb survey with the respect of inflation. expectations for inflation in the next 12 months are unchanged at 3.4%. that is higher than the 2% target. expectations for three years ahead have risen to 2.4% from 2.3%. why am i emphasizing the word rise? this is key for the ecb and what it is trying to achieve. when they tighten interest rates, the aim is to bring down expectations of where inflation is going to

dow down 180, nasdaq's down 150. big tech, i'm pretty sure every single one of them is down. i'm wrong. microsoft, actually, is up $2.432. full disclosure, i own a tiny, thin sliver of microsoft. everything else is down. here's why. check the 10-year treasury yield. up again. 4.47%. the market doesn't like that, especially big tech. 4.47. watch out for 8 mortgages. all right, folks, now this. the alarm bells are ringing in green circles all over the world. britain has reversed course on climate. prime minister rishi sunak dropped a bomb on the greens. two main points here. the ban on new gas-powered cars has been delayed. this is in britain. it's been delayed until 2035. they were supposed to be to gone by 2030. all kinds of energy efficiency regulations is have either been canceled or loosenedded. sue knack is doing this because he says, quote, it can't be right for westminster -- that's the government over there -- to impose such significant costs on working people, end quote. in other words, he knows voters are fe

natural rate comes down.hat is a way for the labor market to achieve a better balance. although things are happening. you are right in the median forecast we don't see a big increase. that really is playing for the trends we have been seeing. that is not guaranteed. that's what we have been seeing progress to higher employment tt for now. >> to weld that down for a second period montgomery very narrow path you call the baseline? expectation? >> no, no. i would not do that. but would i say about that? also plausible outcome there wap a path to a soft landing. i thought that and i said that since weight lifted off. it's also possible if the path is a narrowed and widened and ultimately this may be decided by factors outside our control the end of the day. i alsols think this is where having a position to move carefully again. then of the public depends on us doing that. we know we have to do it so we can achieve the kind of labor market we all want to achieve which is an extended sustained period of long labor

talk to your eye doctor about ga and learn more at gawontwait.com down day, down week, down month, down pay packages could make it sticky when it comes to being with us is a constant. tim scott, a pretty well debate performance. good to see you. >> always good to be back. you wore the red tide today. a lot of worry out there for investors. what do you tell them? >> the good news is, we need to get the shut down over with if it happens. we should think about the long-term implication for the next generations of americans. everybody wants to kick the can down the road and let someone else solve the problems. leadership requires us to do the things necessary today to make sure the next generation is better off. as president of the united states, it is to finish the construction of the southern border. having biden so all construction parts creates consternation in the house. frankly, seeing 6 million illegal crossings with more to come because of the elimination of title 42, this president could show leadership by reinstating title 42 because of the sentinel crisis that has cost us 70,000

up and down again let's go swing a rope again up and up and down again down and up and up and down 'causeveryone can find-- ♪ boy: let me guess. amelia and jane. both: nope. jane: got any ideas? amelia: we've been to new york. jane: so has sunny. amelia: we've been on the drop of death. jane: lots of people have been on the drop of death. both: we like to sing. amelia: wait, jane, i don't think we can put that. jane: why not? amelia: because we both like to sing. jane: so? amelia: so it's not unique. jane: you like to draw. amelia: so do you. jane: you like avocado more. amelia: not really. i just eat it. jane: well, i don't know, just make something up. amelia: what? no. [sighs] ok. you can be the one who sings. jane: what are you going to put? boy: amelia and jane. both: mm-hmm. boy: yes. [bell rings] [children chattering] girl: "i've never looked to see," replied the lion. popcorn--brody. brody: "i am going to the great oz to ask him to give me some," remarked the scarecrow, "for my head is stuffed with straw." "and i'm going to ask him to give me a heart," said the wood man. and i am

put the knife down. hey. get out of here. put knife down! why not? why not? put it down. you want to red light, ed? red light, red light! sir, we are not here to hurt you we gotta figure out what is going on we can't until you put knife down. please, put it down. >> why not? can you why with don't we start with your name. sir, when is your name? we are going to play enhanced video the body footage we viewed of initial contact between officer 1 and mr. everett. the enhancement highlights the location of the knife. red light red light! sir being we are not here to hurt you we gotta figure out what is going on we can't until you put the knife down. please, put it down. why not? camera footage from patrol sergeant 1. first supervisor on scene. the body footage begin with sergeant one arriveos scene requesting can additional resources, managing and coordinating the incident. >> eddie you talking? >> [inaudible] we got a [inaudible] and utilize [inaudible]. you want to triangulate. >> yes. you want to be a team? all right. >> hey. am ob up there, right? eddie come on here? tria

down 26%. founder and executive chairman says recession fears are making companies less willing to spend. >> there's fear of recession. i think ceos come on your program and elsewhere and they're positive. quite rightly. the performance has been good. the perfect norm mans has been good because they've been very sort of strict on cost and going inside the company people are hesitant to commit longer sales cy cycles, indecision certainly in the first half of the year. we saw pushing cost expansion into the second half of the year. so there is fear of recession. the reality, of course, is the economies in the u.s., north and south america haven't been bad, been quite good really. west europe has been the difficult place. >> well, speaking of recessions, coming up in the show, u.k. renters feel the squeeze as landlords upload the impacts of rising rates. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,00

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one by one , people shot down, and ours, theirs, they shot down ours, it was such that, well, there wereeven two planes fell parachutist plane i think and i'm sure the pilots entered the riot police and they were told that the air defense system of the armed forces of ukraine was suppressed because it was destroyed it was never destroyed it existed even that which was partially destroyed it was restored what was not destroyed it moved to other frontiers suddenly all the radio turned on the interception of may 22 recorded how the plane's speech informant in a metallic female voice notifies the enemy pilot of an engine fire after a missile hit one, that is, disks, here is number one 6² engine exercise god number one test and how tdmu to a person signaling an account for this in lviv as such a topic here is number one 6 and how is the sbu in the blood akds signaling insert conditions 230 help here is number one here is a unique video of the catapult of one of the enemy downed khass captured by a camera on his he remained alive with a helmet, but many others were not so lucky bks, i.e. , the

lot that has resulted in things slowing down, employment, capex, slowing down, gdp slowing down. because the fed has hiked rates to such high levels we will see the effects of high rates bite on consumers, delinquency rates going up, default rates on high yield. those trends are likely to continue. basically we will have the negative effects of monetary policy beginning to have more negative impact on the economy. >> negative impact on the economy, but potentially a better impact on the markets. keith your take on what you're seeing with regard to this engineered slowdown. what phase of the cycle do you think it's currently in? there's talk about lag effects and so forth. do you think that we've essentially reached a trough at this point or still more to work through in the remainder of the year? >> yeah. great to be with you. you know, we think right now there's this tricky period in the market where things are slowing down from a high level and the question is, you know, is this normalization or is it moving us -- the discussion move towards a hard landing. we think things will

stocks up near to date were up today, and those flat or down on the year, were down today.will exasperate if we see a market selloff. >> and mike, yet some of the big mega caps that have been the four horsemen or the seven horsemen lately will be selling nvidia from where it was on earnings day above 500 after market trade, now down in the low 400s. apple fallen off an underperformed technology shares as a group. bring it all home for us, and i guess what occurs to me, as a guy who generally supports index investing, i think it's a very economical and smart way to go, this looks to me a market where you'd better be good at picking stocks. >> yeah, i think that's true, or at the very least one way to think about it is that if you have a secular shift, and basically that has been a tail wind, and it becomes a head wind and that's what's propelling the indices, then those are the areas that are probably going to be vulnerable. consider that six months ago it was very common for people to say we think that by the end of the year we're going to see the fed lowering rates. well,

in general, violent crime is down. thefts and burglaies are up across the country, so this is a trend. >> what do you say to people that don't feel safe in their homes or don't feel safe traveling down around the stores and don't feel safe having people come into their store? how do you calm that to be able to move forward with some of these, you know, solutions and putting these forth and not living from a prism of fear all the time? >> right. that's, you know, the reality. there's some things that can be done, you know, on the day to day. you know, no areas that are high crime. you know, buddy system. not going to the gas stations and tellers, you know, in the evening. so just knowing your surroundings. but a long-term solution is really looking at, you know, reforms of the criminal justice system. it's not just the police and district attorneys because they come in after the fact. you know, it really -- i think some of these cities are dealing with some of the plagues in other urban cities like low socioeconomic. th

_ now, the council tax and she is no longer led down to - no longer led down to holiday— makers - no down to _ holiday— makers any more at. it holiday-makers any more at. at the holiday— makers any more at. the council decides to proceed with the controversial move it will come into force a year from now. it cannot be down to one hand one finger at a place neck to be the difference between you going to the round are not missing out on the match. next up missing out on the match. next up is mexico this weekend the first competition stance of the top of the ranking. hello and welcome to sportsday — i'm lizzie greenwood—hughes, the headlines tonight. solheim success in spain as europe retain the famous trophy. wales wallop the wallabies to book the first quarter final slot at the rugby world cup. and the north london derby ends in a draw but it's far from dull at the emirites. so, we're starting with golf and after a thrilling finale in andalucia — europe retained the solheim cup. home favourite carlotta ciganda turned her match around for the crucial point to make it all square at ia—a

it's on the way down.hink rate, based on historical comparisons, is about where it has been for similar inflation rates. so this is a little bit of a tightening and a restriction. but it's important for economic growth. they've done this in a way that has not stifled economic growth so far, and hope it doesn't. >> but is there some danger here of overtightening? they seem to be on the trajectory for a soft landing. if they tighten next year, make conditions relatively tighter, don't they risk snatching defeat out of the jaws of victory? >> i think the main thing is the inflation rate, and it's on the way down. they're doing the right thing in that respect. if it doesn't come down, then the calculations are off and you have to reconsider. don't forget, this is a global phenomenon, steve, not just the united states. it's the rest of the world, the ecb, latin america, this is all about of this whole thing. the more we emphasize that it's not just the united states. the united states is the leader here, but it

shut down.e'll preview tonight's presidential debate. look nor inside of this market for opportunities. first american businesses are struggling to keep their doors open and one of the big reasons? we're not going to cities, and if we do, the store we usually go to may be looted. we're talking about distressed real estate assets and what it means for everyone. done peoples, talking about the ultimate insider, he will share his analysis next. ♪ this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ ¡se fue la luz! pero todavía tenemos wifi para hacer las tareas. ¿y eso es algo bueno? wifi y estudiar. buenísimo. wifi y pedir una pizza online sería buenísimo. presentamos storm r

nasdaq is down 125%, down 16 # # points -- 1.25%. let's bring mike murphy back.here's certain things you like like microsoft. tell us about it. >> it's been such a huge winner over the past several years, decades even for investors. i think this pullback off much higher levels gives people an opportunity to step in. it came down to this level over the summer and then rally ared off at around $310 a share. so it could go a little lower, still of course, but i think long term when you look at what this company's doing and they're big in artificial intelligence but they also have a strong balance sheet, this is a company that's growing, innovating that i think should be in people's portfolios. david: i know stu still has his. he's not letting go. ge health care. >> newer company, spun out of general electric. it ran up to about 877, almost -- 87, listen $88 a share, now it's had this pullback to $67 range. they announced today for the first tame in their short history they're going to be paying a dividend, so i think a lot of people are looking at that. this is a co

we got av ago, texas intimates down 2%, micron down half of one%. here's what is interesting as relates to this conversation, the dow, apple is the worst performer for for the second today in a row. stands to see a two day, $200 million vaporized from its market by the closing bell. the reason blue chips are in the green by 52 points, go up to the top, to the dow leaders and it is chipmaker intel sporting the crowd. may be that is because apple picked it until relationship to the curb, intel inside, no longer. intel doesn't have much exposure as i say. intel is at the top. from the tech sector to stats, interest rate hike, unexpectedly drop. from 2016, the lowest number since february indicating people are finding jobs joining the on employment lines. as losses pile up, 1-2-3, s&p is down one, nasdaq down 2, russell lost 3 and one third of one%. is this the much awaited pool back over the holiday shortened week and is in a buying well? new construct ceo david traynor and teddy weisberg, these market entry points are few and far between. do you wait

the dow's down about 8, but look at that nasdaq, down about 35 at the opening bell. now look at the price of oil. $93 per barrel this morning, continuing its march towards $100. regular gas average as $3.83. now, that's nationwide. ooh, but california, we're now at $6.03 per gallon. that's the average in the golden state. [laughter] politics. the autoworkers' union threatens an even wider strike if progress is not made by friday. the president, he's stuck between his support for the union and his push for electric vehicles. the gop holds the first biden impeachment hearing. they will focus on bribery. on the show today, two gop hopefuls fresh from the debate, nikki haley and vivek ramaswamy. they clashed last night. we'll keep then separate -- them separate today. thursday, september 28th, 2023 the, "varney & company," the california debate edition, is about to begin. ♪ ♪ how do you like me now, now that i'm on my way? ♪ do you still think i'm crazy standing here today? ♪ i couldn't make you love me -- >> our laws are being broken every day at the southern border, ev

qualcomm was down. you had seagate technology maker of hard drives, they were down in video was down. and really, that just took the whole market down with it, but i think this is more of a seasonal thing. as you said, september is a bad month. it's worse than any other month is going back to 1928 is down 1.1% and i think we're just seeing the start of that right now. so meanwhile, in the energy sector is supposed to do well around memorial day ahead a head of the driving season that didn't happen so much now energy is on the surge. good news for investors. bad news for drivers. this is geopolitics as well, right? that that is energy had the best performance this week. it was up more than 1% and it was because russia and saudi arabia have decided that you know we're going to support prices by keeping production down and that center energy prices up in oil stocks with it, and this is all about really trying to put a little pressure on the united states to make sure that you know they don't act too hard.

it's been a down day all day. at the lows, down roughly 45, so tilting toward the lower end so far today. the nasdaq composite lagging the most, the composite down 163 points, over 1% decline there, 13,762 the last trade there. one place that we have seen an extraordinary amount of volatility intraday is oil prices. we have crude now back above the $90 mark. one half of 1% gain there. at one point today, we were up at the highest levels since going back to november 8th of last year. and then at one point, we were much lower. the catalyst to the upside generally speaking today was better than expected economic data on the retail sales front, industrial production out in china, leading to some issues whether demand is stoking up in the world's second biggest economy. also, some refinery utilization numbers suggesting more demand out there for crude. so we're watching oil prices going higher on that. and we'll finish off with the arm ipo. we're up another 1.5% today. $64.62, a blockbuster day yesterday, 25%, 26% gain

the s&p is down fractionally. nasdaq down .50%.ry is 4.26. it has risen 15 basis points in the month of september alone. the 2-year treasury is notching below 5% yield. 4.98. that is a story we will watch throughout the day. we are looking at the energy market. specifically oil. we begin with wti at 86.91. brent crude just fell a cent below $90. down .23%. natural gas is up .25%. we are watching shares of apple. apple shares down 2.5%. hitting the low of the morning. it was down under .50% earlier. this on the ban of the chinese use of iphones by officials. beijing plans to restrict beyond government agencies to a larger number of state-owned enterprises and other government controlled organizations. shar shares of apple down 2.3% this morning. >>> time to get a check of the corporate stories with silvana henao. >> frank, good morning. the biden administration announcing plans to cancel all existing oil and gas leases ins alaska and propose rules of drilling activity in the petroleum reserve. this move reverses the decision to dril

they got the eastbound side shut down. so that means probably trying to get that accident off of the bridge there. their use in both lanes. you can see to try to get that. they are now. this has been on the bridge for say the past 30, 40 minutes or so. they've already call tow trucks trying to get those out to get that off the same. you can see both sides of the bridge being impacted because of that actually. want to show you the scene there. we have a photo from a caltrans camera. you can see the backup, all those red lights and it's so early in the morning if they're able to get off the bridge pretty quickly here, we might not continue to see backup, but the morning commute is already started. so that continues to go on. things could be worse across our other bridges now. hey, you want to avoid this altogether? let's go back out here and get a look at the other options. you have like the mateo bridge. things still look really good here. 15 minutes. no major issues, bay bridge, about 20, not seeing any major issues on bar

they have broken down on the chart.bout the sequencing of the fact of which areas of market are moreover sold. >> mike, thank you. >>> still ahead, josh brown making big moves in his portfolios. we will reveal the names and the trades after this quick break. stay with us. at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's ha

s&p 500 down 3/10 of a percent and big tech down 3/10 of a percent.lume as we await the fed decision to

, up, down, right? this is the quarter where it matters, right? new phones, september quarter. >> i think there's two additional things to flush out, too, and i'm sure danny will talk about apple weakness right before the week before they come out with a new product which almost always happens. we've been on the set talking about that. there's two points. number one, what's happening to apple exemplifies what's going on with the market. the entire market is normalizing. we have the shock and awe. awe in '22. and now a normalized pullback. we're not used to that the last two or three years because it's been so momentum driven. this is all part, scott, of the stock market in the u.s. normalizing into trading ranges, into positive earnings growth, into not momentum and all of these binary trades. >> some, liz, would suggest the market has been abnormalizing. not normalizing. the fed has done all this stuff, rates are elevated, and somehow, you know, people are trying to validate overall margins. mike wilso

people write down what they think. you have some you so i think seven put down no hike at this meeting. or between now and the end of the year. i think at 12 put down another single hike in one of the next two meetings. that we have between -- it wasn't like we were arguing over that. people were just dating their positions. really what people are saying is let's see how the data comes in. we want to see that this these good inflation readings that we have been seeing the last three months we want to see it is more than three months. we want to see the labor market report that we received last one we received was a good example of what we do want to see. a combination of a broad range of indicators continuing rebalancing of the labor market. those of the two things those that are to mandate variables. that is the progress we want to see. i think people they want to be convinced. they want to be careful to not to jump to a conclusion really one way or the other. but just be convinced the data support that conclusion. an

heading into this afternoon, temperatures are right back down to average. yesterday, we were a little bit below average. san francisco, 64. a mild set up for the day. we will warm up more this afternoon and see plenty of sunshine all the way up into wine country. let's take a look at what is to come . just along the coastline, we are talking about simpson beach all the way down south into half moon bay. we will continue to see this marine layer float across our coastline. it will blanket and go all the way over the peninsula through the overnight hours to set up for tomorrow morning. with that in mind, wind speeds will be busier. i know everybody will be heading out oracle park, first pitch is within the next couple of minutes. i take that back, it is within the next 30. wind speeds anywhere up to 20 minutes in san francisco and similar into bodega bay. >>> the massive manhunt for an escaped prison inmate in pennsylvania is now over. authorities finally located a convicted killer in a rural part of chester county two weeks after he went on the run. bradley

, not the top down. and so we're in the process now of evaluating whether there's anything in the four corners of this bill that would impose upon the american people the trickle-down economic scheme that has been such a disaster for the american middle class and for all those who aspire to be part of the middle class. i think the american people deserve an opportunity for their elected representatives, democrats and republicans to evaluate the legislation that is in front of us. that's the least that can be done. when we know for decades house republicans and my colleagues on the other side of the aisle have imposed big tax cuts that benefit only the wealthiest amongst us and undermine the ability of the american people to truly pursue the american dream. it was done most recently in 2017. the house republican majority signature legislative accomplishment was passing the g.o.p. tax scam, where 83% of the benefits went to the wealthiest 1%. in fact, at the end of the day, this is all about fiscal respons

so the chair, they're chanting we will tear it down. we will tear it down. and lincoln yells, no, leave it as a monument. we the preservation for the park service of andersonville here is just extraordinary. we need places to be a monument so we know, the horrors of war. so lincoln visits libby. what happens at the end? here's the five men i talked about, the big, burly guy on the left. that's rose. rose is put back in solitary confinement and beaten yet again. rose somehow lives, through all this, he is one of those people that you can't kill. rose stays in uniform, becomes general, spends his entire career in the service and military and a long life. the men beg rose to write a memoir. his remarkable heroism. he's so humble that. he won't do it. they finally beg him and he writes a very short where he just says the other men were great. and i managed to escape. but the good news is the other men that escaped with him were so angry at him for being so humble. it prompted them to all write their accounts, which survived. so i had multiple multiple primary so

equities down, bonds down. to do with the diversification and they are overwhelmed. should be on microsoft? jonathan: we sit in on of these individuals they say 60/40. they will walk you through us what you should do that and ultimately it has not worked. lisa: history has broken this year and how do they readjust given the fact there a new paradigm at least for now and could potentially continue. jonathan: equities trying to do something, trying to bounce after the last couple of days, adding to the move, s&p of 0.5%. yields coming up a little bit as well. treasuries rallying, equities rallying. yields lower. veronica clark a citi coming up in about 17 minutes. they look for another rate hike from the federal reserve in november and looking out to 2020 four for potentially every acceleration in inflation as well. on the politics of gallup on the looming government shutdown, always a fantastic guest on to gauge where public opinion is lying and where it is shifting to. tom: in the arc of gallup, we are honored

but to get down into the tunnels, we had to go down 350 steps! be on duty in the tunnels and, of course, chuckles when we were coming off shift, we had to come up 350 steps, so it was a good thing we were young and fit. chuckles the amount of activity in the tunnels — i mean, each tunnel contained a branch of communications. two months before d—day, i was given training on this vhf set, which was a small radio set. and i think vhf then was in its infancy. it was simple for us to operate. you mainly had to operate the levers up or down. as it was a one—way system, i would pass whatever messages i had to and then, they would lift their lever and pass their responses. and it was when they lifted their lever that i realised i was listening to warfare. because they were landing on the beaches, and i could hear it. i could hear it all — gunfire, machine—guns, cannon, screaming, men — men shouting, orders being shouted, all manner of things. you suddenly thought, "this is a war". i really had the war in my ears and it made me very much aware of what was

so down six right now, down about 1/10th of 1%.n the tech trade, up north of % today for the nasdaq composite, is up 1/3 of 1%, up 39 points, 13,249. one place that's interesting in the marketplace right now is energy. specifically between so-called new energy, solar, that sort of thing, versus traditional oil and gas, fossil fuels. if you take a look over the course of this year, the energy sector spider, oil and gas type companies, up 3.5%. the solar etf that attract ms. of those names, down 29%. but it's been tracking fairly closely until about the summer. and then you saw the real divergence happening. that gap is getting wider and wider, something to keep a close eye on as interest rates play here, so watch the energy trade. and one other place to watch, we talk about interest rates and government bonds, often in terms of the yield. so twitter users and x users have said, why don't you look at some of the price action there with regard to etfs. so let's do that, to put that in other perms, the 20-year treasury bond etf, the ti

70, nasdaq down 71, s&p 500 down about 10 points as number is about to hit tape on august cpi, cherylt. coming in line month-over-month for august cpi this is the headline number gain .6% that is in line with estimates, but the yearier, headlines number hotter than expected probably energy prices 3.7%, the street was a looking for 3.6%, remember, last month that was july, we had 3.2% so we have gone in headlines cpi from 3.2% to 3.7%, core coming in month-over-month, a little bit hotter than expected we came in .3%, street was looking for .2%. we did come o in line on the core, year-over-year. number but remember that strips out food and gasoline what americans are dealing with, right now, 4.3% in line with estimates, and that is actually, down from the july number so core year-over-year it was 4.7 now down to 4.3%,looking at real average weekly earnings down .1% for month august, but big stick in this report is certainly energy prices, for august, energy prices jumped 5.6%, food prices jumped . % those are month-over-month numbers, guys. also, if you strip out food and energy, again

and so it's shut down, locked down and absolutely kill the story. impairment on medina, and then the superintendent had the, the committee met at the 16th era. 101. right. you don't know how to spend this, you just kill the stories. and so the international journalist will be spared because they'll just be removed from the country. local journalists, local activists will not back in and not show these the story in eastern lives after trying unsuccessfully to spin the narrative and deflect the questions on negligence. lack of foresight and infrastructure will failings with a peer to of worse and the flooding and cost lives. the authorities have been ordering certain journalists to lead them, throw in a communications to shut down through an internet blackouts. and it adds up to a sustain, to, to contain the store. they've actually shut down the internet from eastern libya, claiming to that media outlets that this was a 7th cable in the city. and then it's another part of the natural, unnatural mind made is also that happened last week when the reality is the sources of tripoli from th

amazon and alphabet are the biggest laggard on the s&p both down 2% the nasdaq now down 6% since theinning of the month apple has been the laggard on the dow all morning long. >> with tesla and nvidia bucking the trend. >>> european markets low as all eyes stayed glue to the interest rate tech and autos leading the way lower. the ger manned ten-year bond yield hitting its highest level in 12 years, which is a reminder this is a global move. move in rates helping move the dollar to a new ten-month peak, having an impact on the japanese yen. japan's finance minister saying they are watching the currency moves with a high sense of urgency. as we've seen the dollar/yen go above that 1.48 level. 150 is seen as the danger zone where they might intervene sticking in asia, we are keeping a close eye on evergrande after disclosing late monday it failed to pay the principle and interest on 4 billion yuan low concerns about what a default would look like and the ripple effects it could have across the economy. i want to mention the dollar it's starting to wreak havoc and we're getting to levels