there are a wall street ending today. again, with gaines these past few weeks, investors seem to have been a bit more optimistic despite all of this. talk about recession, recession, recession, what's going on? there's even the, the answer is we have recession, recession, but we also have inflation, inflation. and that's basically what we saw in the past couple of faith, especially last week, wednesday, thursday, friday, inflation numbers that all came in better than expected or not as bad as a fear to him. and so now we have all prizes also moving downward. i mean, if you look what happened to oil result in march at about $230.00 as per barrel now we are beneath $90.00 and gasoline. for example, oil. that is one of the bigger factors when it comes to inflation. so that's what c and positive on wall street. and then also there's a sort of a bad news, good news environment. so if we got some bad economic news, that means it is less likely that we will see a super aggressive move from the federal reserve rented meets next m

oh, what effect is that had a wall street hub investor seen this? is even actually m of by the end of the day and messrs on wall street trucks, those weaker numbers. some of them had, we did not just hit those weaker figures out of china, but also here in the united states. them from the housing industry of from the, of the factory area in the greater surrounding some of the new york we got also weaker figures over there. but on the other side, we did see an oil prices, for example, moving of oil losing by more than 3 percent dropping below $90.00 per barrel when it comes to west texas into medias. and that is because we have those weaker developments in china. we have the weaker developments also here in the united states. so the biggest economy of the world are some major indexes. there are wall street ending today again with gaines these past few weeks. investors seem to have been a bit more optimistic despite all this. talk about recession, recession, recession, what's going on? there's even the, the answer is we have recession, recession, but w

"the wall street journal" appears to have already seen both. the paper is reporting the fbi took 11 sets of classified documents from mar-a-lago, including one set of documents marked as tssci documents. that means top secret, sensitive, compartmented information. in other words, some of the most sensitive material the u.s. government says it has. stuff that is only meant to be seen in special government facilities. this would jibe with what multiple outlets have been reporting already, that the d.o.j. was looking for highly classified documents at mar-a-lago and potentially with what "the washington post," citing sources familiar, with that knows documents were about nuclear weapons. if so, that would explain the urgency behind the search. nbc has not confirmed "the washington post" reporting and we have not confirmed "the wall street journal" reporting but we all could be about to. the warrant and inventory list could be unsealed right at 3 p.m. if not sooner. in a statement this morning, donald trump said he insists that both be revealed. ke

, it's citing documents reviewed by "the wall street journal." so we still don't know the final position donald trump and his team are taking, whether they support the release of these documents or not. >> katelyn polantz, jessica schneider, thank you both. let's bring in senior legal analyst elie honig, and joshua school, president of bow wave llc. ellie, let me start with you, i want to get to process later, let's starting with this reporting from "the wall street journal." your biggest takeaway from this list in this new reporting. >> the fbi seized from mar-a-lago documents of all different levels of classification, from the lowest level, which is confidential, to the highest level of the normal classification level. that is a big deal. we've heard reporting along these lines for the last several days. according to "the wall street journal," there are documents confirming that. the "b" story is, the description of the areas of mar-a-lago that the fbi was allowed to search, there is no specification of the basement or the safe, according to "t

"the wall street journal" said it secured a loan deal to shore up its debt. led by jp morgan light on specifics at the moment. transactions and the details of it are not yet disclosed but comes as bed bath and beyond shareholders endured a wild ride in august surging nearly 100% month to date. bbby a favorite with the retail investor crowd having its best month since the start of 2021. you remember what happened then; right, when meme stock mania swamped wall street hedge funds but pushing heavily shorted stocks dramatically higher. the original memes, game stop and amc moving in opposite directions at the moment. amc down just a tick about half a percent. bed bath and beyond as you see up 19% and game ststop down 2.7. let's get to the man who is the founder of wall street wets reddit forum. forum jaime rogozinski. what do you make of this month? >> it's been an interesting month and the retail traders, wall street bets crowd were out for the summer. i don't know maybe there was summer boar d bo boredom and itn exciting few days. liz: what's driving them, not

what's your take away from what "the wall street journal" is reporting?ause i'm not sure that i see the 11 sets and the 20 boxes being one in the same. my read of the oorl is there were 20 boxes in total taken and they include 11 sets of classified documents. and i'll to go back and read that. one of the things that's most interesting to me is that the "wall street journal" is reporting that among the democrats that the fbi took, it's ab executive clemency for roger stone. it was originally issued in july of 2020. he then pardoned roger stone in december of 2021. those documents are public. anybody with access to the department of justice website can see them. what this makes me wonder is whether there's a different executive branch of clemency to roger stone that goes further than the crimes for which he was convicted after his and the doj. and again they are talking about the entire presidency. and so now you have the select group of documents. it's a lot of documents. but at the same time, in comparison sort to scale of the volume of available there wa

cnn has not confirmed the wall street journal reporting.ng in cnn senior justice correspondent, evan perez, former federal prosecutor kim whaley, who's author of how to think like a lawyer and why, and former fbi special agent stewart kaplan. we've got the heavy hitters today, i'm so glad to have you here. we begin with you, evan. i want to know what you're learning about the possibility that the investigators got help of the informant, what do you know? >> laura, we know that there were discussions that were ongoing between the trump team and the investigators and the fbi and the prosecutors who are doing this investigation. and something happened in the last couple of months that altered what these conversations were about. and the wall street journal is suggesting that that thing that happened was an informant or somebody, somebody who was a witness, and knew that there were additional documents, or believe there are additional documents, there are being held at mar-a-lago, that the fbi wanted to obtain. so that's why participant precipi

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now that it is being reported by "the wall street journal" what is your reaction? >> he has a small circle around him and i know how mar-a-lago is laid out. it would have to be someone very close to him to not only know what was brought but where it was being stored. knowing how paranoid the president was, i cannot imagine what things are like now. he has a very very small circle around him. i don't even think that the staff of mar-a-lago would be involved. that is where i came from on monday night when i was talking to you about it. >> you are talking about what a small circle it is now. it was never large. harry, what do you read into that? assuming that this reporting will bear out, somebody in a very small circle turned and sold him out. >> that's right. i think that stephanie surmised it. one thing you can be sure of even if you did note the content of the affidavit was that it was bulletproof. what that meant is that it gave the magistrate very good reason, probable cause plus to know that there was going to be classified information down there. this could be

futures up .8% after a selloff on wall street. the ftse 100 edging into positive territory. continuing to watch but gas space. nord stream shut down for three days of planned maintenance. the last time it shutdown, it went from 40% to 20%, we will see if it remains closed, that is the concern amongst eu officials as they work out the plan to adjust the gas and electricity market. the cac 40 up about 15 points, you see cpi for france softer than the estimate, 6.5% was the print. ibex gaining about a 10th of a percent. let's see how things are playing in terms of assets. weighing up additional commentary from fed officials reiterating that stronger hikes are likely when it comes to september, 75 after commentary from official seems very much in play. euro-dollar back above that one level, but for how long, is the question. brent is $100 a barrel and we are keeping an eye on what is happening with gas, up 4% in the session today. we will see if the pipeline comes back online. let's get to mliv managing editor mark cudmore, who is concerned about gas but you are looking at u.s.

with the challenges, there is still love from wall street.ave been a lot of questions about whether the momentum would move to the downside for coinbase. what's interesting is the opportunity provided from blackrock because the partnership is with a part called aladdin. it works with a lot of wealth management platforms across wall street and the globe. it potentially exposes you not just institutional clients but more people who can fly into the additional retail business when companies like robin hood are under more pressure. emily: what does this mean for coinbase long-term? how much colder -- how cold is the road going to get? >> that's a good question because it's all correlated to bitcoin prices. transactions have really slowed. how much powder is there left on the sidelines for investors to get back into? the good news coinbase is when you see some of the rivals under pressure, it is good news for coinbase. you see that reflected in coinbase stock. it is still a company that is under $20 billion in market cap. it was once $75 billion i

we're learning more much from the "wall street journal." it reviewed inventory documents from the search and reported agents removed 11 sets of classified documents, including some marked top secret and meant only to be viewed in special government facilities. the journal also said agents sought only to go through trump's office and storage areas and not any rooms at mar-a-lago for guests. "the washington post" also reported the fbi was searching for classified documents relating to nuclear weapons. cnn's reporting shows that the search of trump's home was a culmination of months of escalating tension between the former president and the justice department which has been seeking sources to retrieve records and papers that should have never left washington. cnn's evan perez and katelyn polantz are here. the details of this "wall street journal" report, what are you learning? >> right, victor, so we are looking through the "wall street journal" reporting here that where they are saying they're reviewing documents that are included in this cou

. >>> back on wall street, earnings showing no signs of slowing down, including cvs health, under armourmgm, but on top of those reports, it's been all about the fed, with a number of regional feds growing more hawkish by the day seemingly, and the latest, a fed member says the bank has much further go on raising those interest rates quote, it's got to be a sustained several months of evidence that inflation has first peaked we haven't even seen that yet, and that it let's moving down. mester's comments coming on the've mary daly, take a listen. >> are you almost done >> nowhere near as done. we've gotten off to a good start. let's remember the last numbers on inflation, 9.1%, those are far too high most importantly, go any grocery store. i went to do shopping for a lot of different things over the weekend, and people are still struggling with the high prices they're paying and the rises prices you know, the number of people who can't afford this week what they paid for with ease six months ago just means our work is far from done. >> okay. so how high will rates need to go according to

returning to wall street.wo big investment banks removing their covered particles, paving -- covid protocols, paving the way to bring workers back to the office. this is bloomberg. ♪ juliette: i'm juliette saly in singapore with the first word news. the last leader of the soviet union, mikhail gorbachev, has died at 91. he passed away in moscow after a long illness. he became common's party leader in 1985. the overhaul brought down the berlin wall in 1989 and ended soviet rule two years later. unprecedented floods caused by weeks of monsoon rains. more than a thousand people have been killed and half a million forced into relief camps. pakistan's foreign minister says shelter tents and mosquito nets are needed urgently. u.s. life expectancy fell by almost a year in 2021, the biggest two year decline in the century as the covid pandemic ravaged country. life expectancy dropped to the lowest level since 1996. snape is said to be planning to lay off around 20% of its staff. the social media company which owns sna

. >> from the fox studios in new york city, this is maria bartiroma's wall street. >> happy weekend to all, welcome to the program that analyzes the week that was in position you for the week ahead. i and maria but aroma. do democrats have the all? kirsten sinema suggesting she's on board with her party's massive spending and tax bill. with some new changes, democrats hoping to ram the bill through this weekend, senator lindsey graham is here with a response. big surprise in the number of jobs created in the month of july. what this means for the economy and what the federal reserve will do now. mountains of guns and drugs seized at the southern border in texas. my trip to the border this week as our broken border crisis continues but first changes made in the so-called inflation reduction act. key democrat senator kirsten sinema's vote this weekend, the interest taxes been replaced by a buyback tax which would cost americans $333 billion in new taxes. senator joe manchin says they should like this bill. joining us is lindsey graham. thanks for joining us. joe manchin said you should l

in that sense that is how it became the topic so in those partners that go from wall street into the of government in a very central way but then the family firms merger from brown brothers that plays into the narrative i just talked about and then then they serve the new deal become ambassador to moscow and one of the reasons for the dissemination of the cold war and then become secretary of commerce and the distributor of all marshall plans and then finally the architect of vietnam policy and in addition there is a major figure was assisted secretary for during world war ii to become undersecretary of state to george marshall which is the precursor to the wto and then undersecretary of defense and then secretary of defense during the korean war. i knew about that and i wanted to write how brown brothers became the perfect aperture the ideas that i just laid out but as i wrote the book and not was aware of it took me a while is the degree to which brown brothers is a quiet mover and shaker of many of the most pivotal moments in american history son in finance and the financial syste

with the challenges, there is still love from wall street. been a lot of questions about whether the momentum would move to the downside for coinbase. 16% said cell, there's been a lot of questions whether the momentum we mover the downside for coinbase. what's interesting is the opportunity provided from blackrock because the partnership is with a part called aladdin. it gives exposure not just to big institutional investors. aladdin works with a lot of wealth management platforms across wall street and the globe. it potentially exposes you not just institutional clients but -- a growth area for coinbase, but more people who can fly into the additional retail business when companies like robin hood are under more pressure. emily: what does this mean for coinbase long-term? obviously the reptile winter is not over -- crypto winter is not over. how cold is the road going to get? >> that's a good question because it's all correlated to bitcoin prices. you saw something similar when it came to earnings that reported after the market closed today

my father had his first job on wall street in 1927. that goes back a long way. our session will take place in three parts. first the present ceo of the museum of american -- will introduce their speakers. then zachary will deliver his address for about 30 minutes. following the talk david and i will facilitate questions and we would ask that you type it in the q&a section at the bottom of your zoom screen. for speakers will address as many as possible. also please note that we will be distributing by lottery 100 copies of zachary's new book and you'll be notified as to whether you won one of the books. before i turn it over to david to introduce their speakers i want to ask you to consider making a donation to the center of global finance which addresses student emergencies connect with covid-19 public health crises. you can make a tax-exempt gifts quickly and securely on line at the link provided in the chat. now let me turn it over to david. c thanks jim. it's always great to be back and continued this wonderful partnership with gabelli. what strikes me about

the wall street journal reporting tonight that an informant tipped off federal investigators that they were more likely to have more classified documents at the property at the national archives. they took away 15 boxes of material earlier this year. an informant amar legault? cnn has not confirmed this part of the story, but we have reported investigators believe down trump has not returned all documents. they also believe that trump representatives are not being entirely honest with them. trump, meanwhile, since to be hiding behind a 5th amendment, which is his right to do, and he did so today during today's admission with new york attorney generals office, who is investigating the trump organization. i will give you my take on that, a little later in the show. for now, let's remember that trump won said that only criminals took the fifth. >> you see the mob takes the fifth. if you are innocent, why are you taking the fifth amendment. >> what a difference a few years makes. today, trump saying in a statement and said that, quote, when your family and company and all the people and yo

so at least for one day wall street seems to be happy now and thursday we will get the next inflation better with the producer prices and the markets. and he's reading something into these figures i yes, quarter in new york for us. thank you very much. now look at some other business news. tesla boss. ellen musk has sold $6900000000.00 worth of shares in the electric vehicle maker. he says the funds could be used to finance a potential twitter deal if he loses a legal battle with the social media platform. and luxury brought brands including prada, l m, v h. and hermes are booking higher revenues and see profits up 20 to 30 percent according to latest numbers. the sectors good performance with wealthy customers runs counter to an otherwise troubled economy. with most consumers suffering under high inflation and supply chain problems. next, a small hits to russian revenues and a big sign of solidarity within the european union. member states are officially enforcing a ban on imports of russian coal. e u says the move effective from midnight brussels time on wednesday will cost russia 8

. ♪ from the fox studio in new york city, this is "maria bartiromo wall street".aria: welcome to the program that analyzes the week that was in position you for the week ahead. i'm jackie deangelis and for maria bartiromo. the latest analysis of bidens inflation reduction act shows families likely to get tax hikes and tax breaks. at the media blames republicans for fear mongering about the new bloated irs budget. house ways and means committee ranking member kevin brady will respond. consumers planned calling inflation exceptionally high and planning additional rate hikes, i am asking slate stone chief market strategist kenny pulled kari how long jacob asked where he's putting his money right now pretty new energy tax u.s. oil and gas association tim stewart sounds off coming up. but first the hill climbing the gop is making the irs a bogeyman they write this as republicans and rail against the fbi in the wake of the search at mar-a-lago they are hiking the three letter agency irs. glenn kessler tweeted in part yesterday, the gop is preying on people's fear of an

his time on wall street included investment, president of fred alger and truly president of river twice research and capital. he's been an active contributor on tv in places like cnbc, msnbc and fox business and in print in many places like the "wall street journal," the "washington post," time. but none more important than upcoming issue of our own magazine financialwn history. now, "inside money" isin his latest book on his 13th and the previous our wide-ranging topics like how harry truman won the 1948 election, or china america relations. brown brothers harriman is a permanent fetish on the limelight but now with this book zachary has turned a bright light on about the firm, its culture,e, its people all woven together using his words quote-unquote into the big story of the united states. so let's turn it over to the big story of the brown brothers harriman you're welcome, zachary. >> thank you so much, david. and for the introduction. i appreciate you putting this together and, of course, the covelli school and for them and jim kelly for that introduction. i'm speaking to you from

charles: wall street headed for the hills, the market was acting pretty good, right?experts be overthinking this fed and their challenge of a soft landing? also europe's energy crisis, america's fate really we don't do something soon we must wake up. victoria coates what we should be doing before it's too late. we'll be right. research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home insurance, here's a pool party. look what i brought! liberty mutual! they customize your home insurance... so you only pay for what you need! ♪young people having a good time with insurance.♪ ♪young people.♪ ♪good times.♪ ♪insurance!♪ only pay for what you need. ♪liberty liberty. liberty. liberty.♪ bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. you see, son, wi

wall street too pest pessimistic, were the numbers too oversold?timent took an uptick in the month of july. consumers felt better gasoline prices were down and job market is positive. we might have spent a little more in the month of july. walmart said -- great start and only august. they expected to end with a strong note. this is a consumer tells us they are engaged, knocked it out of the park. they are selective but spending. charles: is it in our dna? i really think like the consumer is going to spend until they tap out of the savings, until they tap out of the credit card? we'll spend until we can't spend anymore? >> there is no stopping the consumer, that is absolutely true, but, they are, they are being, it is interesting because the numbers stood out in the walmart numbers is the membership income. that rose to 25.6% compared to a year ago. they had a record high number of accounts. this is telling us that walmart continues to gain more consumers, brand new customers interested in looking for the value. charles: yeah. >> especially middle c

they buy low, wall street hates them for it. want to own them going into earnings. has anything changed? >> not from, their guidance has been pretty bad, right? sew they're having inventory issues. i'm hearing what you're saying from their own mouth and analysts. they are a bellwether for the economy f they're lowering guidance, watch out. if you have a position, i'm not saying sell it but you know, this is going to be a problem if you're not having consumers feeling confident enough to go out and spend at a place like walmart which i feel is one of the most low cost companies in the country then how are you going to have a robust economy? so again if you hold it, it's a great company. i don't think they're going anywhere just like the u.s. is not going anywhere. you have just have to be long term investor with a name like that in the retail sector. charles: to sell it here would be nuts in a 401(k) but buying it stepping up in front of a steamroller to pick up a nickel. thanks a lot, my friend. >> thank you, charles. >> we'll b

jaime: he's actually a big fan of wall street bets. a criticism towards meme etf's because of certain regulatory constraints that exist. and i'm not super enthusiastic about the concept. that stock comes and goes quick. and etf has to restructure, rebalance, add a thing to it by which time the meme stock is over. so i think the concept behind it is good but the execution, i doubt bed, bath & beyond has that proper waiting on it. it's a lot of people trying to go for that in the execution is just not quite there. guy: why am i not seeing the same thing in crypto? jaime: i want to know why bitcoin wasn't up when inflation was going through the roof. i don't know the answer to that. it's also supply and demand. but you also think the enthusiasm behind this which tends to move inevitably toward script it would be doing that as well. i don't know the answer to that and i would love to. guy: you and me both paid great to catch up, really appreciate your time. thank you very much indeed. this is bloomberg. ♪ guy: european markets coming into

we see a huge rain hit wall street.t the industry -- an industry known for their confidentiality, there working at these companies. let us bring in our finance reporter, this is something i am not going to understand because i do not post my life on social media. this is about a sector that is one of the most confidential out there. people walk you out of the company when you leave. how does this play out in the industry? >> if you want to look at a story that shows the generational divide by out on wall street this is it. you have a lot of younger entry-level analysts even interns who will forget or not working in the office during the pandemic. in recent months they started to go back into the office. they have been posting these day in the life videos which are basically videos of actual details about what committing to work is like, what you wear to the office, it also has details about working hours which is a sensitive topic for wall street. what is happening here is something that is natural to the way that gen z

we started with this deep sea of red on wall street today. we saw the s&p 500, the dow, the naz back really all plunge, the nasdaq composite down about 4%. so tim, what was really the reason behind all of this? i'm not trying to be glib. i'm thinking about it. we heard the chairman say things we have done so far don't seem to be working. we've got to stick with the plan until we start to see it pay off. why did that surprise us so much? >> look, the plan is to be at this longer maybe than the market was expecting. it's not the level of interest rates for the neutral raiders, but the duration of how long the fed is going to be fighting. all of the rhetoric that we had going into the meeting from other fed officials is very clear, and i will say this, said powell is probably the most criticized fed chairman we've had in terms of his communication with markets and that is something i actually think he was crystal clear on today. bottom line here is we digested a much more hawkish fed that i think the market wanted to pay attention to. the good n

pretty close to wall street in wall street and wall street and markets these days are at a fashion. when we speak about capitalism and markets and business we often stop and apologize, right? and part of this hesitance is that younger people don't really know much about markets or wall street except cartoons, right but markets are so valuable. they are. a gift to us and we think of them as a gift. but if we go way over to the left away from wall street socialists think of the markets as a gift too because they're logical proposition is given colon a 20 or 30 trillion dollar economy. we will spend the money thus and thus and redistribute it the market the money the wealth is assumed by everyone. but markets are like souls the economy is like a soul. they're like humans and they can make a choice a market. can choose to come back or it can choose to stay away and that? that problem the fragility. of markets that the decision to stay away. that's our problem. nationally. we have to keep the markets here and we have to keep the markets happy. um, what's an example of that? i'll just men

wal-mart, the news coming from exclusively the wall street journal. meantime we are looking ahead to today's earnings, alibaba, phillips, eli lily out before the bell. we also wait for initial jobless claims out at 8:30 a.m. eastern time ahead of the july job's report out tomorrow morning. those are the expectations 259,000 for the jobless claims and 250,000 jobs created in the month of july. don't miss those numbers. they are out at 8:30 tomorrow morning. we have an all-star panel to cover that for you. oil prices are moving this morning but still holding below $100 a barrel. opec announcing its slowest production increase in nearly 30 years. european markets are miss this morning, all to the plus side right now. gains in england, france and germany. bank of england to raise interest rates by half percentage points, largest single increase in the country since 1985. in asia overnight, markets were higher across the board. hong kong leading the charge gaining more than 2% as china tensions are looming after nancy pelosi's trip to taiwan. mornings with

. ♪ ♪ ♪ ♪ ♪ >> hello i'm james from it in for jury bakery on the wall street journal at large print epic after four president trump gascon's home was raided for its what we learn from the attorney general. also look out democrat tax-and-spend bill will massively expand the irs. according to job descriptions taken from their website, ready to use deadly force against you. migrant texas governor abbott heats up. also, awoken us run amok at our schools. critics say that's what's causing our teacher shortage bill talk all about it with our power panel that is coming up. but first, thursday at the justice department attorney general merrick garland made a brief statement lauding himself and his colleagues we took no questions from the assembled media provided no explanation for monday's search and former president donald trump's home. >> let me address recent unfounded attacks on the professionalism of the fbi and justice department agents and prosecutors. i will not stand by silently when their integrity is unfairly attacked. i am honored to work alongside them. this is all i can say right n

wall street is starting to have less confidence. the market clearly disagrees. we will find out who is right on friday. we need to get to the feds guillotine, but even if the guillotine blade calls, we can ride through the turbulence and do some buying on the way down after this incredibly difficult two days selloff. why? i expected this week game plan will go like last week's highlights. doesn't mean the stocks are going to bottom. we know that from what i said. it means we have to remember what company did well so we can buy their stocks at the bottom. for example, tomorrow we hear from macy's. toll brothers. toll brothers can make huge profits. all three have gotten better on the supply-chain front. i think intuit will deliver a great quarter with good growth and tax returns and also all the things they do for small business. wednesday is a little more problematic. nvidia and salesforce. the same thing could happen again. rough times for these kinds of chips. i thinks think salesforce will complain. i will miss the first home game for the first time in 40 yea

even if you buy into the argument that meta is now a value stock, wall street is saying sell it because there's even more attractive out there, even at these low valuations. >> yeah, and what was striking about that note, too, is just the mentions of the metaverse, and how investors are not sold on what mark zuckerberg is putting forth on that and especially after this week, with photo of zuckerberg. the internet is really joking about him, the graphics don't look good. this has been a billion -- plus billion dollar investment by meta, and investors are saying we can't wait until 2030 to see that payoff. look where they are right now. you have this collision, as you are saying, of reels and other types of ad target -- or ad-supported products, not hitting the mark right now, plus -- not pun intended and then the investment that they're making into these future things how is this company betting on it and clearly people are not sold. >> even "techcheck" had our own meme i wonder if we can bring that up on the metaverse image a lot of folks are pointing to tiktok it's not just tiktok it's

nothing for disadvantaged tribes vote yes on 27. >>> what is wall street buzzing about today?al bank move and fears of a currency crisis turkey's central bank cutting interest rates 1 full percent while other parts of the world are raising interest rates to fight inflation. turkey has a big inflation problem, 80% inflation right the central bank directed by president erdogan who fired other bank chiefs before for not listening to him is going the other way to boost economic growth the problem? they're wrecking their currency which is making the turkish people poorer. the lira is at a record low. it's a similar playbook as last year and it raises the odds of a default. it's not the most interconnected economy, especially for the u.s., once emerging markets fall it can lead to a domino effect and exacerbate the global growth issues another problem to worry about right now, the strong dollar/week turkish lira >>> we are accelerating some gains. s&p 500 is up 0.4% financials just turning green joining consumer discretionary in the green, warner, hasbro, tapestry leading that charg

tune into wall street every friday at 7:00 p.m. and catch the 10:00 a.m.nnel for "sunday morning futures" she will have exclusive interviews with senator marsha blackburn, virginia lieutenant governor winsome sears, brian nast and senate candidate joseph, start smart every weekday from 6 - 9:00 a.m. eastern with "mornings with maria business. that will do it for me. thank you for watching. ♪ >> hello i am james freeman and for gerry baker this because the "wall street journal at large". president biden signed the inflation reduction act into law but how will it affect your wallet in your taxes. former vice president pence has a message for the gop over the fbi raid of mar-a-lago, and may not be what republicans want to hear

this is maria bartiromo's wall street.ia: happy we can to all but welcome to the program that analyzes the week that was held position you for the week ahead. i am maria bartiromo or joe biden spending spree democrats pushing through the biggest climate change bill in history. with massive tax and spending, tacked on. i am getting reaction from tennessee senator marsha blackburn on that. and why it took days for ag merrick garland to admit he personally signed off on the rate of president trump's mayor lago home. the fbi reportedly looking for information about nuclear weapons. trunk on those claims a hoax. inflation slowing slightly in july but remaining near a four-year high fund founder danette niles is here with what is next fighting back against the left. that's flying in the wyman change agenda a big investment blackrock. it is here tell us all about it. the democrats pushing through their massive $700 billion spending bill. and we do not even know how many it actually costs. fox news poll shows a whopping 75% of ame

that is the reporting by the wall street journal. "new york times" on this question, how might a conviction play out -- what laws apply to the removal of documents? there are several laws that could cover such a situation. for example, the espionage act which criminalizes the unauthorized retention of defense-related information that could be used to harm the united states or aid a foreign adversary carries a penalty up to 10 years in prison per offense. the law attracted particular attention in section 20 71 of the title 18 of the united states code which makes it a crime if someone who has custody of government documents unlawfully conceals removed or mutilates obliterates, falsifies, or destroys them. the section is not limited to classified information. if convicted under that law, defendants can be fined up to 2000 elders and sent to prison for three years. in addition, the statute says they are currently in a federal office and shall forfeit that office and perhaps most important given widespread expectations that mr. trump wil

that and that jobs report that blew away wall street consensus. white house off-guard, right? remember the press secretary let it slip the evening before would be 150,000 but labor is a lagging indicator. seems like something else might be moving these markets. with me first trust advisors chief economist brian wesbury. brian, you were never in that recession camp not just yet but could it still be in the cards? i'm reminded of march 2000. we had a jobs report came in at a 30-month high, well over 400,000. we fell off a cliff and didn't look back for a couple of years? >> charles, absolutely. all these data, one month of data, two quarters of data, gdp, i, i am not kidding when i say i kind of take them with a grain of salt because just as you pointed out you get a really big number and the next thing you know you're in recession. so what i try to do is step back and look at the underlying patterns and today, we've talked about this many times, today the pattern that is taking place is all because of covid. you know we did not really have a recess

i have been covering wall street and when wall street brings its estimates down as long as you need orfine with it will we see market reaction to lower earnings which tell us the economy is slowing down in a real way and wall street analysts bring their estimates down. >> that is the conflicting sign. for the second half of the year earnings growth came from 10% a month, now down to 6% growth. it is surprising. during this earnings season most of the markets have been up so they are beating second quarter even though the future is less rosy. it is great that sentiment is shifting and people seem more confident with lower hurdles going down as estimate are plummeting but i am cautious. i'm not going to say it's the end of the bear market, we are seeing growth below inflation. jackie: wages aren't moving up. what do you think the fed is doing, the optimism in the market is markets expect to see a slow down, not going to be so aggressive, chance for one point hike this last time, stuck with 75, some people say next time he won't do the 75 so the bad news good news thing the market always

i have written over 1000 stories about trump just in the "wall street journal." i wanted to give people something, a a reason to keep turning the pages here. so i do think this book is the only one to date that explaineds trump with inside the room details from the oval office, under the hood of the two billion-dollar campaign exclusive memos, text messages and into some of the decision-making process they are. and another unique piece of this is the front row joes. i effectively embedded for two years with the people who go to 30, 40, 50, by the end of 2020, 60 rallies. what i wanted to do here was understand through them a little bit more about this movement, what about them as people, as men and women have been coming back again and again to effectively see the same show. and what it told us about trump that he could elicit this kind of energy. and what i found was yeah, i was very, very lucky that these folks trusted me to tell their story and i will forever be grateful. i think it really enriched my reporting and understanding of this movement in our country

he was the second writer on the wall street money never sleeps which we did in 2012 and i pushed him as hard as i could and got the best out of them and i quite enjoyed it. he's very smart. you wouldn't think so but very smart. and a bachelor though. >> that is correct, this is correct but let's talk about you. you wrote the book. i don't have a book . >> talking about yourself is tough but i will say that in short, my life i feel like is coming into history. it starts selfish, you're a baby. nkyou want everything or yourself. you're egocentric, you go through life and start out real experiences with other people. and coming from a small id family as i did when i was the only child it took a bit of adjustment and the adjustment was sometimes people because through divorce and war but i feel like i've gotten closer and closer to the american experience and obviously i've been occupied very much with the events of our time. and they shipped me and shipped me and honestly and there's no way si can associate myself anymore with just the person i was when i was william oliver stone. i hav

wall street sees it differently. wall street sees rate cuts in 2023. how do you see it?w in the pce price that came out last friday. everyone of their preferred measures of inflation accelerated in june, it didn't diminish. even though final month after quarter that came in negative in the gdp report. so they're focused on that inflation and they are going to hike rates. charles: right. >> i think you know, the conversation that everyone has had this raises the risk of recession next year, absolutely. the fed knows it but it also knows that we cannot have sustained high employment without first beating inflation and they're focused on that. charles: the cpi report, the estimates are coming down fast on that. what are you seeing in the next cpi report? >> well, the top line will. that dominated by food and energy inflation and we've seen both those series moving down in recent months and weeks but for me the key remain is shelter. shelter inflation has been rising every month. it shows no sign of peaking yet. it was 5.6% in the last report. that is a third of the cpi. it

on wall street here is the "five@5. are we about to enter a bull market for stocks or will this leave investors heartbroken again? >>> china central bank cutting interest rates big money and big oil. aramco with 90% jump over big profits. >>> and bitcoin doing something we have not seen in months. >>> the morning rbi has a random but interesting stat on apple stock buyback. you will hear it on this more than morning, monday, august 15th here on "worldwide exchange." >>> good morning, good afternoon or good evening. welcome from wherever in the world you are watching i'm brian sullivan thanks for joining us. let's kickoff your trading week with the check of markets and your money stock futures are mildly lower on this monday down .30% in the red dow futures off 137 points all this coming off a really nice few weeks for stocks. in act, last week, all of the averages were up 2.5% or more. small caps were the big winner. russell 2000 up 5% last week. 18% in the last month. something to watch bond yields are flat hard to bel