several fed officials are speaking today, including neel kashkari, james bullard, lael brainard and eric rosen grin as for earnings, one notable earning, thor industries >>> shares of nike are low their morning despite better than expected results the company reporting its slowest quarterly sales growth in seven years north american sales are a weak spot joining us is stacey widlitz, a cnbc contributor thank you very much for being with ius results better for nike, but still weak it seems like nike lost its cool. what happened? why did this happen? >> hey, good morning i mean, i think you just characterized it well. the beat was very low quality. it was, you know, spending was supposed to be up, it kuz dowasn the big question is how does nike get its mojo back, and they're spending very much on innovation and beat, but if you look at the numbers, particularly in north america, we have gone from up 4% to down 3% certainly if you look at assumptions for revenues for the second half of the year, the question is how do you get there with current trend that's what investors are focusing on. >

the language that means that if there are just three people if two of them have a conversation lael brainard decides to talk to drone powell about the whether the law dictates that their conversation would have to be recorded because there are so few members sitting on the federal reserve board if janet yellen makes it clear that she does not want to be reappointed and that's certainly her right she can say that to the president in theory we could be down to two people so she is wielding tremendous political power right now she's got trump's feet over the fire because he's run out of warm bodies especially if the senate doesn't move quickly. to confirm coral's right so we've got the inflation indicators just to move to the september meeting for a moment and then he said use is certain benchmarks. it's less than two percent which is what is sort of looks that unemployment rate has fallen to four point four it's heading at less than to september results for this meeting coming up. look i think that you know we we don't even have a twenty five percent chance that the fed. hikes rates in decembe

address at the national association of business economics at 12:45 perm even we will hear from lael brainardmester and bostic. on the corporate front carnival cruise lines and darden report results before the opening bell after the close, we will hear from nike. >>> stocks for you to watch today. nestle will speed up its share buyback plan spreading them out evenly over the next three years. the company has confirmed its goal of reaching organic growth in the mid single digits by 2020 and set a target of achieving profit margins up to 18.5% >>> alibaba is taking control of its logistics business raising ownership stake to 51% the company plans to invest $15 billion in the logistics unit over the next five years alibaba aims to be able to fulfill online orders within 24 hours in china and 72 hours anywhere else in the world shares of alibaba up by 1% >>> red has the reporting better than expected second quarter profit on strong demand for its cloud computing products and technology the company raising its full-year outlook. >>> shares of ascena retail are rallying after the company reported a

he is on board for a rate hike area neel kashkari and lael brainard spoke but they did not touch on monetaryy. is sympathetic to the fed's difficulties with inflation because there is no reliable model that tells you where you are and where you are going but he says it is clear to him that janet yellen is leading the charge toward that december now i thinke you >> we are in a mode in which the fed is basically saying we're on this gradual path and it is going to take something to knock us off this cap. say i heard the chair yesterday was as of now there is nothing that is knocking her and the fed off. : it is important to get a sense of what the momentum is and the momentum seems to be toward a consensus around, if labor markets are strong which it is, it almost doesn't matter if inflation is below target because we are so convinced that the strong labor market has to push and higher, it justifies another move this year. even with all the discussions, they were getting a lot of eliminating talks from the fed the last several days. we certainly have. 2018 seems cloudy in terms of where we wil

lael brainard urging caution.is fed president neel kashkari said it may be hurting the u.s. economy. headlines from the dallas fed president saying, the fed cannot do all the work of driving growth, and that he is repeating that the fed is not as accommodative as some might think. out, ourll of this policy editor kathleen hays is here with more. are they trying to cool expectations? kathleen: he made it clear a signal he is ready to raise rates again this year, maybe even in september. also said inflation is lagging, the data is not there. he is saying, i have to see inflation before i can believe it. his monetary policy alone cannot do the trick. to, rates alluding are still relatively low. inflation is not rising. what can the fed do to change this with interest rates? i think he is saying we need fiscal policy, the white house, to do something. we have to monitor it very closely for our viewers this evening. i want to get to what neel kashkari said. he said something different in the scheme of what we have hear

mark: the comments are echoing those of lael brainard, who spoke earlier in the day. >> because we haveg short of our inflation objective not only in the last year, we should be cautious about heightening policy further until we are confident inflation is on track to achieve our target. mark: hurricane irma has become the most powerful storm to fall in the open atlantic ocean and could inflict property losses in the u.s. lineance stocks and cruise stocks have plunged. there is fear it could hit florida. insured losses could hit $130 billion. president trump and chinese leader xi jinping will express threats by north korea later. president trump has promised to increase sanctions and haults trade doing any business with north korea. putin has also rejected the call for new sanctions, calling them useless and ineffective. theresa may will face opposition leader jeremy corbyn int h the u.k. parliament today. yesterday, the labour party said it would try to amend her eu and give thell power to modify laws. meanwhile, the brexit negotiator says the divorce talks are going too slowly. no move

address at the national association of business economics at 12:45 perm even we will hear from lael brainard, mester and bostic. on the corporate front carnival cruise lines and darden report results before the opening bell after the close, we will hear from nike. >>> the gop's latest effort to repeal and replace obamacare seems to have received a fatal blow late last night, susan collins who has always been -- was there ever a doubt she made it official she announced she will not support the bill she is the third party no which means they can't get the votes to pass the measure. ted cruz is a no mike lee, mur cowk i don't thin ever close >>> and trey gowdy has asked the white hous to explain the use of personal e-mail accounts by senior white house officials this follows revolutions that jared kushner and other trump officials used such accounts for government business the white house has instructed everyone to follow procedure to comply with the rules. >> i've always been in compliance >> because you have no other e-mail address >> i don't have a private e-mail account. i never had one. so