Josh, great to see you. Glad to be here a tight trading range for the major averages this week. Yeah. How would you sum it up so far. I think whats interesting is there seems to be this rotating cast of stocks that are working against the averaging, so today is transport i think three out of the worst stocks are railroads, some of the big ones being hit hard. Theyre not very important in terms of waiting, but very important in terms of people paying attention, either because theyre technically inclined and because they think thats a important technical indicator, or theyre people that think its an economic story that needs to be understood, and theres some skinned of bowling pin effect but i think the bigger story is that some very important stocks to the market cap weighting of the s p, netflix being a reasonable story as well theyve gotten smacked down where they could have broken out. And netflix having a tough week. And thats got an impact on psychology and on the construction of t
Wake of his tweet about the china tariffs. The president said he wasnt worried about it he, in fact, expected it he said it is because people dont fully understand what his tariff strategy is in fact, the president here blaming the market for not understanding exactly what his approach is to tariffs and to china. He was also asked by me exactly why he picked 10 as opposed to 25 or 5 on the tafrs he tariffs here is what he had to say. I did more than anybody thought with the first 250 billion and the 10 is for a shortterm period, and then i can always do much more or i can do less, depending on what happens with respect to a deal but im very happy the way it is right now. So the president there saying that he could go up to above 25 if he felt that was necessary, but he said he doesnt see that as being necessary at this point. So that puts a lot of tension now on those negotiations between the u. S. Side and the chinese side here in washington in Early September the president was also a
The comment president making now are on the south lawn of the white house, as you look at the white house live in washington. He is making them now. You know how this works by now. Once he is finished well get the tape playback from the president with the breaking news at this hour. Jackie meantime fox Business Team coverage from washington to wall street. Blake burman at the white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching all of the action in oil. Big day at the cme were going to start with blake. Reporter let me try to walk you through the beginning of how everything started at the white house today that led us to where we are. Earlier today the president had a meeting with his trade team, the folks who were in China Shanghai negotiating with china facetoface for the First Time Since may. Members of his tray team, members of the Economic Team as well briefing the president. After that meeting, at least at the end of that meeting we got a t
Musk and ford, a rough road ahead for the automaker. Those shares head for a lower open today well tell you why all this earnings news plus an ecb meeting. The European Central bank expected to lay out the ground work for policy easing down the road and this could put more pressure on fed chair Jerome Powell to do the same. Its thursday, july 25th Worldwide Exchange on cnbc begins right now good morning welcome to Worldwide Exchange. Im dominic chu in for Brian Sullivan the dow looks to be hovering around flat at the open. We would open up around 24 points for the dow if these futures gains hold into the start of regular cash trading. The nasdaq and the s p 500 coming off alltime intraday record highs and closes. The dow is less than a percentage point away from joining that alltime high club as well. On the bond market side of things, were watching yields as we do every morning here a tick lower tenyear note yields moving to 2. 3 thats a sharp move to the down side the twoyear note yi
For today. Not only do th see , but were also seeing the very hot temperatures. You can see the temperatures right now. On the warm side. Again, the temperatures are in the 90s right now. You see the 70s out there. Thats where weme have so rain showers rolling through the area. Let me show you the showers and storms that ar out there. We have a severew thunderstorm ning to the south and west for loudoun, clark, warren, fauquier and Rappahannock County until 4 30. Well continue to watch that as it moves up the north and east at a pretty good rate, about 35 Miles Per Hour. Could have a downburst so well continue to watch the storm as remainder of the the afternoon. Can you see the storms are leading all the way back into west virginia. Of course we he the heat advisory until 8 00 p. M. Tonight. Its rather warm around here, beotuse its narm enough already. The heat indices are well into the triple digits at this moment. Were going to continue to trac. This stor just to the south and west