i am not done cracking the wall street code.ary. >>> stay with cramer. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a c

spitzer has deputized himself as the "sheriff of wall street."en though you were on the other side in at least a case or two of his aggressive regulation of various financial industries, you thought that he was doing exactly what that 23-year-old, first-year harvard law student was meant to do. he is using power effectively to help the people. he was the most powerful, most successful, and i think most effective state attorney general in the history of the united states. that's pretty high praise. yes, absolutely. this all might sound like hyperbole now that we're on the other side of his shocking scandal and public downfall, but everyone thought this way at the time, and not just in new york. i myself believed that spitzer was on a path that could end up at the white house, but he had been learning some pretty undemocratic lessons on his way up, that he could push boundaries, seize power, and that the people would love him even more. -you have declared... -i have. -...officially... -officially. ...that you are running for governor of the great s

donald trump, in that bloomberg business week article was speaking to wall street. is is the republican party last night speaking to main street and a broad array of american voters, not just maga, but the rest of the country as well. trump could have excised those lines from jd vance's speech last night. they had control of the pen of what jd vance was going to say. they did not do that. the reason they didn't do that is because the campaign believes this is a winning message. >> but eamon, you do have conflicting doctrines. on the one hand, you have a presidential candidate who favors deregulation, which often plays to the wall street barons, so to speak, because deregulation means more takeovers, more ipos, easier business, and on the other hand, you have vance's message, which really is not really about deregulation but is about protecting the working person. how do you explain the dichotomy of views? >> well, look, i think if you look at the idea of the american government as a system of sort of levers of power, and regulation is a lever of power the government

on wall street, wall street and globalists are frightened as hell. so afraid of a trump presidency, going to the port how many people and they are banging drums but the flipside of that, there's an economic side of this debate, and it cost the city billions of dollars, they've taken up hotel rooms. the housing crisis, affordably housing comes down. if prices are higher and cheap chinese goods. when demand comes down and inflation comes down. there's a flip side to the argument that trump could be too inflationary. stuart: it's called the unbreakable investor, the greatest wealth transfer in history. charles: don't fumble the bag, sweetheart talking $84 billion transferred, this is absolutely amazing. how do you are participate? you think we have some issues in our country now? trillions handed to another generation. those who get it have to deal with it and those who aren't are going to be upset and those parents, 35 or 40 years old want their kids to be a part of this. stuart: that is what it is about. you have a new episode of your podcast, unstopp

we start in new york, where shares are tumbling on wall street, led by the same big tech names that haveelped propel the markets to record highs in recent weeks. that's despite some strong results from alphabet, the owner of google and youtube, which has seen sales and profits jump. investors are focusing instead on the huge amount being spent on al and wondering if it will pay off. also causing concern, a big slump in profits at tesla that has seen some $80 billion wiped off its stock market value. let me show you what the tech dominated nasdaq is doing right now, if i can, and that is the number, 2.5% lower, if you can see it in the middle. we spoke to one expert a little earlier who told shares in tech have become too expensive and investors are now moving their money into traditional industries in anticipation of rate cuts from the federal reserve. we entered the third quarter where tech stocks, the mac seven stocks, um, were basically priced to beat perfection. i mean, that's almost an impossible standard. so you do see some of the rotation out of there. and where is it going? it's

before we go and update on the wall street journal colleague evan koester which he was convicted of a fictitious charge of spying on a sham russian court, he was journalist doing his job but he was sentenced to 16 years in a maximum security colony is sickening and unjust verdict, the dow jones continues to work for his release and that is all for us. to read more checkit this edition of barron's.com, we will see you next week on "barron's roundtable". ♪ ♪ >> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was in position you for the week ahead i am marita burrell doctor bartiromo donald trump reset agenda accepted the nomination for president outlining his plans to make the economy great again on the final night of the republican national convention. maria: under the current administration we are indeed a nation in decline, we have an inflation crisis that is making life unaffordable, ravaging the income of working at low-income families and crushing, simply crushing our people

we are approaching the open on wall street.t this stage, they do suggest it could be a lower start to the trading session on wall street. the reason why i was mention tech earlier, is because what you heard yesterday on wall street, it was the narrative, the same narrative of what we have seen in the first half. we are looking at investors looking at a.i. and the tech stocks and that is giving more momentum to the nasdaq and other parts of wall street as well. let me take you on the bond market. we are also digesting what is happening with the comments from some of the central banks over here in the eurozone. looking at some of the bonds in the eurozone, actually yesterday, we saw yields rising across the board. at this stage, they are pretty much steady as we await the latest inflation print. it is worth keeping in mind what happens to the ten-year in france trading at 3.4%. over in the united states, the treasuries to my left, for the time being, it was an important session yesterday because some market players are suggests w

it was one of the most extraordinary wall street stories.was someone who made the most riskiest bets away from plain sight. no one really knew the scale of the size of his bets. that was a big problem. not even his banking counterparts or partners in the banking industry helping him put on these bets. that was $36 billion of meta-assets. when you include the leverage, it was $160 billion. that is an unfathomable amount. going from there to zero in a matter of days is the next ordinary story we are not going to forget. scarlet: i like how you highlight the scale. that gets everyone's attention. let's bring in paul davies who has written about this. the title is archegos could not happen again. maybe it could. we heard about how the banks did not know what was going on. what is the lesson for banks that bill hwang can be behind the big trades and build up these positions and make these moves without bankers knowing any the better? >> there's a couple of lessons. partly, having a counterpart like bill hwang who is down to trust banks and never

i just saw it just a couple days ago, record numbers of wall street always makes money off this thougheet always gets hurt, wall street always makes money and the rare times they don't make money, main street bails them out, so everyone's into money now. i mean, everything is money. before you invest in something in a factory, in a building, in a business, now you just give someone on wall street a bunch of money and they put it in some kind of machine and then they give you money back and 13% interest. but you're not creating anything our economy doesn't create anything. i'm giving you the last word. we have just a minute go but is there something worrisome about that? >> well, for me, this all in variably comes back to government good intentions, right? everyone should own a home. we needed all this pandemic relief. we needed to make it easier for people to avoid getting this virus and it just has these un unintended consequences that gets bigger and bigger so the labor share of income declined through that whole chinese episode when we did allow them to grow their way out of poverty

as "wall street journal" said, evan's wrongful detention is unjust 477 days ago.n a statement from you, and emma tucker from wall street jury room, reads this disgrace is after 478 days now in prison, wrongfully detained away from friends and family for doing his job as a journalist. we will do everything possible to press for evan's release and to support his family. journalism is not a crime, we will not rest until he is released. this must end now. what is the plan now? how do we bring evan home? >> the plan all along has been to convince russians to release him for a crime he did not commit. that effort has been a global one, one led by the u.s. administration and by many people around the world helping this effort to secure evan's release and you mentioned paul whelan and others who are in captivity. there is concerted effort and has been concerted effort going on. that will continue. i'm glad the president spoke to that today and doubled his commitment to that, that has to intensify, wooy have to push on and hopefully this will serve as a breakpoint. >> sand

you see a mixed day for wall street on wednesday with wall street close lower by 5%.he worst day since december of 2022. also, you can call this a sign of the rotation into value. the first time since 1999 the dow notched a gain. also this morning, we are checking the pre-market gainers for the dow. intel at the top of the board right here. up 2% followed by apple up 1%. chevron up .75%. after the whipsaw wednesday, let's see how asia closed and europe is shaping up. silvia amaro is in the london newsroom. silvia, good morning. >> good morning, frank. while you know the narrative around the selloff of tech yesterday is also continuing here in europe. in fact, the tech sector is among the worst performers so far into today's session. let me show you how the overall picture is at this stage in europe. we have the majority of the bourses trading in the green. i would highlight the ftse 100 is up .8% in the context actually of the u.s. economy earlier this morning with new labor data figures suggesting that wages grew 5.7% in the three months to may. that is raising doubt

>> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was in position you for the week ahead i am marita burrell doctor bartiromo donald trump reset agenda accepted the nomination for president outlining his plans to make the economy great again on the final night of the republican national convention. maria: under the current administration we are indeed a nation in decline, we have an inflation crisis that is making life unaffordable, ravaging the income of working at low-income families and crushing, simply crushing our people. i will in the devastating inflation crisis immediately and bring down interest rates and lower the cost of energy. at the center of our plan for economic relief are massive tax cuts for workers that include something else that's turned out to be very popular actually it is called no tax on tips, no tax on tips, they are destroying your social security and medicare and under my plan incomes will skyrocket, inflation will banish jobs

it was another record day on wall street. the s&p 500 set an all—time high for a second straight day this week, while the tech—heavy nasdaq beat its record set the day before. the rally comes after weaker economic data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleury reports. wall street's record—breaking rally, what drove it, investors digested several reports pointing to a slowing economy. hiring by private employers were higher in june, mcdonald's has been forced to shorten its breakfast timings in australia by 90 minutes, amid a shortage of eggs thanks to bird flu outbreaks. the disease has been making the rounds in the country over the past few months, forcing authorities to euthanize over a million affected hens. in a statement mcdonald's said they were working hard with farmers across australia and their suppliers to return back to normal as soon as possible. chinese president xijinping has met with russian president vladimir putin in astana, kazakhstan. this is th

of a sooner—than—later interest rate cut, sending wall street to new highs.na looks to central asia to boost diplomatic and economic ties, amid a frosty relationship with the west. hello and welcome to business today. i'm steve lai. another record day on wall street with the s&p 500 and the take heavy nasdaq hitting a new record high. the rally comes after weaker economic data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleury explains. wall street's record—breaking rally, what drove it, investors digested several reports pointing to a slowing economy. hiring by private employers were higher injune, a report on service sector activity from the institute of supply management was also negative. but rather than wearing investors, it boosted traders hope that this would be enough to convince america central bank to cut interest rates sooner. the market was also lifted by tesla, shares in the electric car maker rose 65%, day after reporting a milder drop in sales for the spring than analysts had feared. it was o

wall street cheering signs the a.i. trade is okay and on top of that the potential reemergence of a friendly fed. with wall street consensus behind him, jay powell will have a chance to talk up a soft landing. will his premature proclamations we all remember them, transitory, november, december, last year getting over their skis being too optimistic, could that make him too cautious this time around? some are out there saying we'll have a soft landing. some are saying we'll have a hard landing. we'll have some folks that say there will be a no landing. no one is talking about recession although most americans are. go down to edward lawrence live at the federal reserve. edward. >> reporter: federal reserve leaves rates unchanged in this. the statement, federal reserve says the economy is moving at a solid pace. the fed changed jobs part of the statement. job gains moderated but remain strong. unemployment rate moved up but remains low. they're talking about inflation that is a subtle downgrade in some of the language tha

a good article in "wall street journal," trump is not threat to nato. trump is not threat to nato, it is the china and russia and iran axis that is threat, you don't see mr. bi biden taking any successions he told george stephanopolous i shut down putin, i don't know what he shut down biden said don't and putin said i will do, went into ukraine and still there. what is up with this? why does biden think he sucker nighthe is shutting down nato and. >> pay your dues. do what you need to do but help out. but we haven't -- american taxpayer has paid it for years, joe biden shown weakness on everything he has done from israel to yemen to ukraine to taiwan. there is no leadership here, we have to get leadership or we'll get overrun by a lot of people, not just two or three, vi we have a lot of things going on africa is exploding, russia is going to africa takes over our bases, joe biden has said nothing about it we lost faith from our former allies, all over the world. larry: wow. wow. all right we'll talk more thank you senator tommy tuberville. >> thank you

molly wall -- molly ball, wall street - molly ball, wall street journal, really good have you reportings. let's look at some other stories making news. in northern ireland, a judge has ruled there is sufficient evidence for the former leader of the democratic unionist party, sirjeffrey donaldson, to face trial on historical sexual offence charges. sirjeffrey now faces 18 charges involving two alleged victims, including rape, gross indecency, and indecent assault. he appeared in court with his wife, who's also been charged — she faces five charges of aiding and abetting, in connection with the alleged offences. sirjeffrey has said he will strenuously contest the charges. the daughter and son—in—law of captain sir tom moore have been banned from being charity trustees. hannah ingram—moore and her husband colin were disqualified amid an ongoing inquiry by the charity commission into the captain tom foundation. the charity was set up in honour of sir tom who raised £38 million for the nhs by walking laps of his garden during the covid pandemic. a scottish couple are celebrating the arrival

wall street assumes they'll clobber beers.han the desire to get hammered, there is a belief from wall street that the younger generation has sworn off anything bad for their health and wellness. my generation grew up drinking light drinking is benevolent and wine is good for you in moderation. but the medical world has discredited anything positive about alcohol which is literally a poison. finally, most devastating is the increased prevalence of cannabis with its easy, inexpensive high without a hangover. you know what you're getting here? you're getting buzz without hangover. and this is the holy grail of recreation, they tell me. yet the alcohol industry is in total denial about the competition from legalized weed, even as constellation owns a big stake in canopy growth, the most visible cannabis company. beer sales go down except for constellations, again, in part because of the loyalty of the fast-growing hispanic community mentioned multiple times in the conference call. none of this is helped by the endless selling of t

there's a lot of unknowns but wall street knows one thing.e. charles: those by the way we knew last week for sure after the cpi number. that got the ball rolling, so could we have a sort of a perfect one-two punch then, where -- >> we absolutely will, but we can't expect. remember, what do we do? we buy on the rumor, sell on the news. not so much it's rumor that we're going to see our president be donald trump but we have to realize that president trump is going to need time to make everything right, especially with the middle class, really drowning in debt. charles: in the meantime someone knows biden stocks like solar are getting annihilated. all right, we've got a minute and a half to go. about an hour and a half ago, jay powell was speaking. it was more of a humorous interview but we did say something that obviously i thought about. i'm going to paraphrase, he says that the fed is not political, they never base any decisions on politics, which sounds to me okay, september is probably live but you've insisted all along the jay powell fed i

"the wall street journal" claims her firing was due to restructuring. selina cheng spoke to reporters wednesday. >> at that time he demanded i resign from my position. i told him that ai refused but he said the position was incompatible with my position at the wall street journal. he said employees of the wall street journal should be promoting press freedom in places like hong kong. he said this place is not like some western countries where press freedom has already been established. amy: "the wall street journal" is owned by rupert murdoch, who was at the republican national convention this week. colombia's government announced it's ending a ceasefire deal with the largest faction of dissident members of farc, the revolutionary armed forces of colombia. the long-anticipated agreement had been brokered last year by the government of leftist president gustavo petro. this is colombia's defense minister ivan velasquez. >> colombia's military forces received in order to carry out offensive operations with full capacity against these organizations that wal

this is something both wall street and main street want, but with headlines breaking about both the biden and trump presidential runs, the bulls are not taking chances so let's get to the floor show. joining me now blackrock chief investment and portfolio strategist gargy chattery. does it fascinate or concern you at all that we're not seeing a flight to the small or mid-caps? it's just straight out we're getting out and in fact the yields on the treasuries are moving higher. >> it does not scare me at all. i think as i'm looking at the moves in the small-caps especially today, i think we're seeing what is driven by fundamentals and what i'll say i mean by that is yes, of course we are going to see some rate cuts and obviously, the last couple of days, the small-caps did rally as a result of that, but earnings growth in small caps haven't really resulted yet. we haven't seen that earnings growth, especially when you compare small caps to their large cap or their quality counterparts. on top of that, when you look at the debt that is held by many of these small cap companies and much of th

prison sentence in high security penal colony for "the wall street journal" reporter evan gershkovich falsely accusing him of spying journal writing the latest during a brief appearance in congressman hallway spokeswoman said verdict would come within hours defendant did not admit guilt now sentenced to 16 years in prison. we are watching this terrible story play out in live time. thank you so much, we will continue to watch russian prosecutors and how they are seeking this 18 year prison sentence in a high security prison. in russia. meanwhile, this. . >> when i rose surrounded by secret service, the crowd was confused because they thought i was dead. i wanted to do something to tet have them know i was okay. i raised my right arm looked at thank you thousands and thousands of people that were -- breathlessly waiting started shouting fight, fight, fight. once my clinched fist wouldn't up high into the air you've all seen that the crowd realized i was okay. and roared with pride for our country, like no crowdive ever heard before. maria: the most notableable emotional parts president

wall street doesn't care. when you factor in the 25 cent earnings beat, you could argue the new forecast represents a die down for the second half of the year. that and most important third american express had a revenue shortfall. one that represents the showdown from the previous quarter. while management is standing by their full year forecast, the revenue growth has slowed from 11% in the first quarter to 8%. i think this is the most legitimate concern. ooe earnings lines were strong. the final concern is elevated marketing expenses. this is the one i took seriously. while american express consolidated experiences were up 1% which is impressive when paired with 5% build revenue growth and 8% growth, some keyed in on one line from the report. the company said its 1% increase in expenses quote primarily reflected high variable customer engagement costs driven by higher card member spending and usage of travel related benefits and increased marketing investments, end quote. having to spend aggressively to kee

the wall street journal says the initiatives will be announced next week at the nato summit in washington. in the meantime, attempts are being made to reach an agreement, just yesterday hungary took over the presidency of the council of the european union from belgium, and today the country's prime minister viktor orban arrived in... ukraine. the politician plans negotiations with zelensky. the main goal is the possibility of establishing peace. budapest will make attempts to stop the escalation of the conflict and resolve it peacefully. previously, orban said that the eu leadership could stop the military action. in the fifth year , the cost of energy in the country will increase by at least 25%. and over the next six months by another 50%. former polish prime minister morowiecki drew attention to this. while addressing the claims to donald tusk. to all this, the politician added that the current government of poland benefits banks, not ordinary families, an increase in electricity prices will lead to an increase in production costs, as well as rising prices in stores. the search for fou

of a sooner—than—later interest rate cut, sending wall street to new highs.na looks to central asia to boost diplomatic and economic ties, amid a frosty relationship with the west. hello and welcome to business today. i'm steve lai. it was another record day on wall street where the s&p 500 and the tech heavy nasdaq hitting new record highs. the rally comes after weak economic data boosted hopes for interest rate cuts at the bbc�*s north america business correspondent michelle fleury explains. wall street's record—breaking rally kept going on wednesday during light trading in an abbreviated session, white rabbit? investors digester and several reports pointing to a slow economy. hiring by private reporters was lower—than—expected injune, lower—than—expected in june, the lower—than—expected injune, the number of americans claim unemployment was higher than forecast while a report on service sector activity from the institute for supply management was also negative. but rather than wearing investors, in boosted traders hope that this would be enough to convince

cuba has the keys, the wall street journal of spreading this information. how so special is the evidence. the journal has provided about the existence of chinese ministry basis in cuba. it's your faster. see, i was remember the, all the us, the wall street journal belongs to rep with more the police, a bad guy. he use it today at the record personal conversations inside of u. k. so he cooled have more news and more from page to sell more newspapers until joe by dies the electronic glass up here. ok. it's a shame for c s i s 2. i was listening to because she s i s is a very well respect to think think inside of washington, and i have about myself, who is it to consult their papers and that reports about some so thank you kind of was from worldwide. well, it's not true, it's not the interest off of china to have the military base instead of cuba. but if cuba invite to china to have the business of their own territory, they have the right to do this. you're not to say those are the right to that was the prism inside of a few of us every, every single moment. a

what will wall street make of the next president? _ house. wall street make of the next president? what _ house. what will wall street make of the next president? what do - house. what will wall street make of the next president? what do they - the next president? what do they want to see from whoever gets the job at the white house? the want to see from whoever gets the job at the white house?— job at the white house? the first ste four job at the white house? the first step four of _ job at the white house? the first step four of miss _ job at the white house? the first step four of miss harris - job at the white house? the first step four of miss harris would . job at the white house? the first step four of miss harris would be i job at the white house? the first i step four of miss harris would be to make her way formally to the nomination —— the first step for ms harris. the next thing would be appalling, how she matches up in a potential head—to—head, then a real head—to—head against donald trump, and if it is a tighter race which early

on it all morning long, futures extended the losses that we've seen after a volatile week onto wall street take a look at where we stand going into the open this morning the dow industrial down this morning 89 points, the nasdaq is down 39 in the s&p 500 lower by five and a quarter points, right now. the dow sliding 500 points at the close yesterday, the worst day since may 23. for the week, here's what were looking on the friday morning for the markets this week stocks are mixed, the dow is in the green, we have seen a rally in the dow stocks, look at the nasdaq down almost 3% this week. investors keeping a close eye on cyclical stocks, 108 days until election day the federal reserve preparing the september rate cut, all you need to know this morning right here, european markets are in the red, take a look at the eurozone where the s&p 100 is down 38, cac 40 is down 63 and dax index lower by 150 right now, the stock exchange is affected by the global internet outage, we're bringing you more details about the global it outage coming up right here, in asia overnight markets mostly lower, ho

also sapping wall street's energy, a slump in tesla shares. elon musk disappoints investors again, as fierce competition leaves his profits in dire need of a recharge. and taking on the big birds — how brazilian jet maker embraer hopes to prey on boeing and airbus. welcome to business today. iam i am michelle fleury. shares here in the us are sinking in york, led by the big tech names propelled to highs in recent weeks. that is despite some strong results from alphabet, the owner of google and youtube, which had seen profits and salesjump. investors are youtube, which had seen profits and sales jump. investors are focusing instead on the huge amount being spent on aland wondering if it will pay off. spent on al and wondering if it will pay off. also causing concern, a big slump in profits at tesla. more on that at the moment, all eyes were now on some key inflation coming up and hopes for a us interest rate cut, as well as of course the election. let's speak to anna rathbun, chief investment officer at cbiz investment advisory services. thank

before we go and update on the wall street journal colleague evan koester which he was convicted of a of spying on a sham russian court, he was journalist doing his job but he was sentenced to 16 years in a maximum security colony is sickening and unjust verdict, the dow jones continues to work for his release and that is all for us. to read more checkit this edition of barron's.com, we will see you next week on "barron's roundtable". ♪ ♪ >> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was

let's just show you how things have been trading on wall street.n to those numbers after a difficult day for investors. —— calm returning that those members. david waddell is an investment strategist based in nashville tennessee. he told us in his view the big tech sell off was long overdue and actually in some ways healthy. well, it wasn't quite as bad as it appeared. the magnificent seven was down 6% of a cohort. they make up 3% of the index. the other a93 were only down 1%. this sell—off was yesterday. it started when the lighter than inflation report came out on the 10th ofjuly. from that point, it was down 16%. the magnificents were down 10%. however, small cap stocks in the usa were up 10% in that period. you are seeing a rotation acting on the market, and it should be happening because we were very overbought going into mid july, we had levels which were the highest in the year for retail, and the highest since 2021 for professional investors. we had a lot of complacency. the vics had been sending down below 20... for 20 days or something cr

number one, you have to remember wall street, we're liquidity junkies, right? we can never have enough liquidity. so every opportunity we get to suggest that the fed should be cutting rates, we always say the fed should be cutting rates. that's been the story now for a year plus. and so that's the backdrop. number two is i think we have to step back and say is the economy weakening enough for the fed to really decide to cut rates here? is there a scarcity of capital? is is lending starting to seize up? is the banking system weakening? you put that in contrast to the november election. now, the fed never really pays attention to the election, and rightly so. but in the absence of a truly weak economy, why would they stoke the issue of fed independence prior to the election when they don't have to ease? there's nothing here saying that there's a dire need to ease. >> are we conflating, rich, a weak economy with needing to ease, when they could ease because of lower inflation? it's the same old thing they've been talking about, if inflation comes down and you don'

though wall street was looking for 1.9%. that is the wall street guessing game. compelling trend within this we probably should really explore. everyone is talking about the consumer spending part of it up 2.3%. the street was 2%. by the way the core spending 2.9% unfortunately came at expense of savings, down from to 3.5% to 3.8%? do you know a year ago, savings was 5%? it is not even own here. business flow investment it was good, that was pretty good, almost 12% overall. software as i mentioned a moment ago, up 49%. government spending which continues to power everything, federal government up 3.1%, defense is 5.2% of that. now my next guest i think was looking on 2% on final domestic sales. you know came in around that area. i want to to bring in natwest markets u.s. head michelle girard. the report is better than consensus which i always have a problem with but feels like we're on borrowed time again because i'm looking at some of these things like the savings rate. it's in freefall. the consumer again was quote, unquote strong but there was a price to pay fo

fireworks on wall street as shares hit new records ahead of the 4july holiday. but the fed hints it's in no hurry to cut interest rates from their two—decade high. also coming up: from online bookstore to $2 trillion colossus. as amazon turns 30, we take a look at the seemingly unstoppable rise of the retail giant and the greed and the glory. america's annual hot dog eating contest is just hours away. but a sponsorship row has seen the reigning champion banned. we get a taste of the big money world of competitive eating. welcome to business today. iam i am sally bundock. we start on wall street where traders have headed off for the 4july holiday in festive mood. the s&p 500 closed at a new record high for the second day in a row, led by the tech giants, as did the tech dominated nasdaq. let's just show you those closing numbers. the dow is slightly down but the rest of hitting record highs. the rally comes after some weaker than expected data on the us economy which has boosted hopes for interest rate cuts. from new york, here's our north america business corres

kim strassel, "wall street journal" columnist, fox news contributor., kim strassel, what is hunter biden doing? actually hunter biden has a lot of national security information from his various dealings with china and russia and the ukraine and romania. he may know more about national security than his father. what do you think, kim strassel? >> yeah well obviously he has no role being in any of these meetings but you know what this is, larry this is a taste of what democrats are now stuck with from now until november if they decide that they are indeed going to keep biden as their nominee. we had the press corps coverup for this for three-and-a-half nears. now it is decided to go all-in and it is already committed, it didn't buy the argument that biden had an off night. now we have all the stories how he has been slipping for a while. if they keep with him, there is going to be stories day after day about his day-to-day performance, other stories about past episodes, questions about who is advising him and who is in charge. this is only going to get w

maria: we have reports on wall street, wall street is betting on what vance brings to the table economically share those with you a new report we want to tell you about. we are just getting started, big data bank earnings, wall street journal says big banks are being held by the wall street combat by june records, will get a preview from founding partner overseas greg swenson with me at the rnc. we'll get into the latest of the troubleshooting investigation that were learned the police were warned about a suspicious person on the roof, we are watching that situation unfold as well. watching "mornings with maria" live on fox business, light from the republican national convention in milwaukee. we'll be right back. ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight something about the job feels different - your wallet. what

she's an award winning reporter for the wall street journal, who so beat happens to be amazon. she's also the author of this book, the everything more amazon's ruthless quest to own the world and re make corporate power. it was published in april by little brown and company, and he joins us tonight from new york saying it's good to have you. with this, my producer wanted me to ask you this. the past 30 years was 1994. the end of the old testament of retail sales, i mean, they definitely revolutionized a new way of shopping that and honey enough at the time it seemed like it was against a large story. only 3 percent of americans ever been on the internet. when jeff started this company wow, spoke to you, suggest into the build fee and you know, now it's in the us, it's 40 percent of all e commerce here is through that one website, which is kind of incredible. it is incredible. i mean give. so give us some numbers or give us a sense of amazon's reach in the marketplace today. and then not just in retail. yeah, i mean, it's staggering. amazon is the number one or 2 biggest player,

. >> jacob i've seen wall street commentary about weakening restaurant trends when using there?ok at the sitdown restaurants you're getting more expensive three-course meals and things like that and thinking out back steakhouse blumer global owns ihop and applebee's revenue is basically fine and dine friends is up year-over-year because of inflation. because of prices. their traffic is down mcdonald's on the large cap side talked about why inflation and higher rates are now starting to impact the consumer. it is not happen overnight is certain to happen now. the larger fast food chains have to do a little bit of discounting here and there that is better for the profit margins. >> 5-dollar value meal at mcdonald's the new offering that everyone is seeing. not every restaurant is struggling right now. which ones are shining and what he think they're doing right question. >> triple tasting it out to me. when you go between the low price restaurants that cater to more of the low income households and then you go the blueprints a full course of three-course meals, right in between tr

all of this as wall street is clo closing out a wild week of trading. however, after another 1.2% gain yesterday, it is the russell 2000 keeping the win streak alive up 2% this week and on pace for a three-week win streak. let's bring in chief market strategist katharine rooney-vera. >> good morning, frank. >> you think the rate cuts are coming up. we had a strong gdp report. all bullish signs for the economy. right now, you are saying it is time to hedge. what is your "wex" word of the day? >> it is a form of life insurance policy, frank. we hope we never have to use it, but one day we will. it is the best time to put on the protective hedges with the options on the technology sector. the best time to do so is when markets are strong. you don't want to be looking at this protective options when you are in a free fall. >> what do you make of the action we have seen with the rotation of the small caps having a run and other areas like bio-tech out pp performinge market? >> the trump trade is probably part of that. the trump trade favors the small-cap val

- the city of london and wall street to change? no, not at all. street to change? change? no, not at all. greed and _ street to change? no, not at l all. greed and competitiveness are the two key principal features that characterise bankers and always will. go into the city to improve the world, you go there to make a fast buck and the fact of the matter is the memory is short, lots of people, they are currently in the city, there are no longer being thinking about 2008, just as when i entered i was not thinking about what happened in 1987 with the crash then. really, it is the whole problem is that you think the bonus is a value creation, sorry the reflection of your value, and the bigger the potential reward, the bigger the risk you are willing to take because that is all we do. to take because that is all we do, , ., , to take because that is all we do. sorry to interrupt you. we are shorter— do. sorry to interrupt you. we are shorter time _ do. sorry to interrupt you. we are shorter time which - do. sorry to interrupt you. we are shorter time which is i do. sor

is dominating wall street but there's money to be made elsewhere, media roundtable looked at some alternativesthe big tech plays become a bu bust, we begin with expert panel and three things investors ought to think about right now, on the "barron's roundtable" and your barry, rebecca and jacob sonenshine. andrew, the market did very well this week after the report came out on thursday suggested that inflation continues to moderate. >> that was the big news consumer prices were down 0.1% and increase of about 1%, continue moderation of inflation, now 3% year-over-year in a lower rate than that over the past six months, the key to rallying stocks and bonds. jack: when you look at the numbers some good news and some bad numbers, write that down for us. >> the big increase that you continue to see americans are feeling that auto insurance up 20% year-over-year and for instance i just got my auto renewal i'm paying 10% more a little bit lucky it's not 20 but i'm paying over 6000 to ensure two cars in new jersey. jack: back to the market in interesting thing a change in leadership. >> you saw a lon