Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher
Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Critics say he failed to deliver on most of his promises. One of chinas biggest conglomerate says it is optimistic despite divisions with the u. S. From the boss involved. Shery we are getting Industrial Production numbers from the month of july in south korea falling. Missing estimates it would only fall by around 2 . We also have the month on month numbers. A gain of 1. 6 . That is missing estimates it would rise more than 2 . This is also a deceleration in gains when it comes to those numbers from the previous month. We do have the outbreak in south korea worsening. Virus pandemice within south korea and overseas. The numbers are not that surprising. Improvingn numbers and the slump easing for the past three months. When it came to the numbers in august, we saw the number starting to deteriorate. We are seeing those Industrial Production numbers missing estimates. Contracting 2. 5 year on year. We do get tomorrow, south koreas Second Quarter final gdp numbers. We will be watching th
Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
For the country and the economy with ian bremmer who says we should be thinking in terms of three years. Plus, well speak with Kevin Durants Business Manager about the lockdown of the sport. 59 minutes left of trade iing. Lets focus on the big stories mike is tracking todays Market Action near the highs of the session. Phil lebeau watching boeing dragging down the dow. David faber covering the executive shake up at at t and kayla on the latest round of government stimulus. Mike, first you on what were seeing slight gains, still lower on the week an upward drift here in the afternoon, but as you suggest within the range, obviously just consolidating r very, very big really historic magnitude of a rally we saw during march. April rather weve come right here, 28 20s is an interesting level in late summer its kind of rushed up last summer we were afraid of some kind of perhaps tipping into a mild recession. Here we are looking at a vastly worse recession. The earnings picture is very opaqu