Good morning. Before we begin, i certainly want to express our support for and thoughts and prayers for all the victims of the recent hurricanes and most recently, of course, in the state of florida and our colleague in the Ranking Member on this committee, senator nel. He and senator rubio are there today as they should be. And looking out for the needs of their constituents. So again, we certainly want to express our support, prayers for them and the people of florida as they deal with a horrific storm and its aftermath. This committee has been working for some time in a bipartisan fashion to address the advancement of Autonomous Vehicles. I especially want to thank senator peters for partnering with me in this effort. I also appreciate the contributions of Ranking Member nelson, who as i said is unfortunately unable to join us today. We put a lot of work into this effort to date. I look forward to continuing to work with my colleagues to introduce and pass bipartisan legislation. Gi
Now theyre back downtown for the start of squawk alley. Hi, karm all right seem yashgs thank you very much. Good morning it is 8 00 a. M. In newport, oregon the First North American city in the path to have days total eclipse. Its 11 00 a. M. On wall street squawk alley is live. Good mo. Welcome to squawk alley. Were at post 9 on the New York Stock Exchange jon fortt has the morning off. The dow is down off the lows we did see some pressure this morning, particularly on stocks in the nasdaq continuing to underperform that index coming off a four week losing streak mid morning here, sarah, we won wondered whether we would test the lows the vix didnt manage to spike. That made somebody moderate selling pressure after two weeks of decline a lot of people also talking about the rustle 2000 index of small caps underforemaning down four straight weeks in a row. Now also for the year, a lot of people saw that as the trump trade. The Smaller Companies that would really benefit from lower corpo
And a quick look at crude now, wti 47. 64. Ecb president mario draghi just wrapping up a speech in germany. He says all kinds point to a strengthening and broadening recovery in the euro area. You can see 1. 178 euro dollar. Not quite the havent high weve seen lately but getting there. Well hear more from mario draghi on friday when he speaks at jackson hole. Fed chair janet yellen will also speak on friday. Steve liesman will be there with full coverage and interviews walmart is teaming up with google to take on amazon the retailer is getting into the voice shopping market. Google is offering hundreds of thousands of walmart items on its Google Assistant platform starting next month. Court court wi lowes is reporting. Weve been waiting for it for a little while its still early looks like 1. 68 versus estimates of 1. 61 that would be up above where the street was by 6 cents, 7 cents 19 billion in sales, right in line total sales for the fiscal year are seen up 5 up 3. 5 samestore sales
If not by phone, you can weigh in via social media. Again this was an interview with npr airing this morning and was posted last night at their website. Here is the headline us that theminds u. S. Intelligence officials concluded that hackers working for russia packed into the dean sees Computer Network the d cs Computer Network. With the question of russias ultimate motivation for the hack becoming increasingly divisive, the president was careful not to endorse the cia assessment reported by npr and other outlets that assessed russias goal was to electronic. To elect trump. Well get to it in a couple of minutes. We will move on and talk about some of the other reporting. Here is the New York Times headline. So, with all of that, we will hear from the president now. I think there is no doubt that when any Foreign Government tries to impact the integrity of our elections, that we need to take action and we will at a time and place of our own choosing. Some of it may be explicit and publ
Becomes an integral part of the upper structure. Im hoping this conversation will provide a chance to examine policy solutions spurring the safe transition and implementation of new technologies into our roadways and share success i know many of you have already had. In colorado with regard to Autonomous Vehicles, we have been working hard to seek a better balance with the promotion of innovation and protecting Public Safety with our department of transportation, the state patrol cooperated with the first fully successful autonomous beer delivery and the nation. Appropriately in colorado. Just another reason why colorado is a great place to live. We are working towards smart infrastructure to communicate with fully Autonomous Vehicles driving on colorado roads. Projects mark 25. Smart ramp meters to help the system operate at peak efficiency. It has been used already successfully in australia to increase capacity. The u. S. Is having this introduced now. I think we are beginning to see