48. 62. The latest developments following the charlottesville attack that many call an act of domestic terrorism. Reporter charlottesville is in shock and mourning after a White Nationalist rally turned fatal. Car ramming into a crowd of counter protesters saturday, killing one woman, injuring 19 others the suspect james fields junior age 20 of ohio is expected to appear in court this morning a vigil was cancelled because of safety concerns. Mourners in downtown charlottesville around a makeshift memorial gathered anyway earlier in the afternoon sunday, attempt by the organizer to hold a press conference devolved into yet more violence and ended up being cancelled as well. Charlottesville has been the site of four such rallies organized by the socalled alt right since may. Symbolic location because of multi year debate ovaer removal of confederate statue. The weekend events which featured tiki torches, nazi salutes, confederate flags, even some companies, maker of tiki torches took to its Facebook Page to say we do not support their message or use of our products in this way our products are designed to enhance backyard gatherings and to help family and friends connect with each other at home and in their yard. Leadership at the university of virginia which makes up the lions share of the states population strongly con determined violence that took place over the weekend, saying in the course of the coming days, a process of healing and conversations about moving forward. That is when students are expected to return to town ahead of the Academic Year beginning back to you. Thanks, kayla appreciate that. Going to continue to discuss this for more on the political fallout. Go to eamon javers. Good morning. The president in response to the violence and racism in charlottesville, the president stepping out and saying that ultimately there was blame to be placed on both sides of the political debate heres what the president said saturday that came under such criticism. We condemn in the strongest possible terms this egregious display of hatred, bigotry and violence on many sides, on many sides. Its been going on for a long time in our country. Not donald trump, not barack obama, this has been going on for a long, long time. Republicans and democrats criticized the president for that comment, failing to single out the White Nationalists and neonazis responsible for the gathering and suggesting the violence was on many sides, and blame therefore was on many sides as well. The white house after that criticism put out a statement from unnamed spokesperson. Heres the statement if you can put it on the screen in which they said the president said very strongly in his statement yesterday that he condemns all forms of violence, bigotry and hatred and of course that includes White Supremacists, kkk, neonazis and all extremist groups he called for National Unity bringing all americans together. Meanwhile, his National Security adviser hr mcmaster was on television over the weekend, said the president goes without saying condemns the kkk and White Nationalists when he condemned bigotry and hatred on all sides, that includes White Supremacists and neonazis, i know it is clear in his mind, ought to be clear to all americans, we cannot tolerate obviously that bigotry, that hatred that is rooted in ignorance of what we stand for. Clear in the president s mind he was condemning the White Nationalists and kkk Jeff Sessions will be on television across the Major Networks this morning, see what line he takes as department of justice and the fbi begin their investigations into the violence over the weekend, joe. Eamon, one of the things this also causes you to talk about, you see the scuttlebutt, would have been more front and center, what it means for bannon being associated with the alt right movement and latest about general kelly, whether he has it out for bannon, because it is all kind of related if you think about it with this i wonder if you know anything about whats likely to happen there. Well, i dont, but you can read the tea leaves, anthony scar mooch ee, just there 11 days before fired, he wouldnt allow the president to give a Statement Like that. Real criticism there from a trump loyalist how this was handled over the weekend its possible that the president would look at bannon, kelly would look at bannon as somebody thats independent Political Center within the white house anyway, therefore a threat to his attempt to centralize and clean up the way the Trump White House operates on a daytoday basis. I think thats something that we have to look at. But no indication that anything is coming any time soon. His demise, as mark twain said, in and out a few times. During the mooch intervie over the weekend with George Stephanopoulos was the idea not only that he would advise him differently but that he truly views it as making it much harder for the president to do his job. Thats what i was going to ask about, how much harder for him to do his job after a weekend like this when it comes to moderate republicans and independents that the mooch talked about during the interview as being ones that he needs to bring over with him look at who criticized the president. Senator cory gardner, orrin hatch. These are republicans that are not regular critics of the president , so theyre feeling like theyre forced to come out and suggest language that the president used didnt rise to the occasion and that makes it all the more difficult for the president to generate good will. Whether you can draw a Straight Line from that to tax reform, i wouldnt think so. All of the republican senators have a vested political interest in passing tax reform legislation, but it makes it tougher for this president to find friends in washington you need friends in washington he has been attacking the Republican Senate majority leader. Always got him as a friend, fall back on that. This is a president who has not gone out of his way to make a lot of friends look, politically very damaging is the column in the daily stormer, neonazi website which said it viewed the president s comments as terrific for the neonazi cause in the sense that he didnt condemn them specifically when you have a neonazi website thrilled about what youve said and youre the president of the United States, you have a political problem. And the president definitely has a political problem. I think well see Jeff Sessions take steps to clear it up best he can do you think the president will try to clear it up himself . We havent seen that. Saw the statement from the anonymous official will the president come out and do it. If he does, i think it is tricky to unpack. The nation saw the president s first instinct on saturday to talk about all sides thats something that you cant put back in the bottle once it has been done. How he moves forward, i dont know you could expect he will be in d. C. Today, he might have something to say first instinct was to also tout what he has accomplished so far, falling Unemployment Rate, increased business investment, but not as an explicit condemnation of the kkk or neonazis or white supremacy. Didnt name them in the statement. Managed to tout his own accomplishments. This is a president that touts himself fairly frequently. That statement in the context of speech he was making that day struck a lot of people as extremely tone deaf. Thank you. President trump will break from his working vacation with a trip back to washington. He will sign a memo this afternoon, ordering top trade negotiator to launch probe into china trade practices, has to do with forcing them to turn over intellectual property. President trumps National Security adviser suggested the action signals a tough new approach to china. Said the u. S. Isnt looking for a trade war. The operative word is not punish, operative word is to compete effectively, demand fair and resip ro cal trade and economic relationships with not just china but all countries what the president is doing is everything he can to ensure a fair Playing Field, make sure the American Workers and american businesses are not disadvantaged by theft of intellectual property or unfair trade or economic practices. China run newspaper says crackdown on trade practices would poison relations between the two countries. Corporate news, uber is considering three investment offers to buy Company SharesNew York Times reports the board voted to move forward with proposals from two Investment Groups and is considering a third offer. Uber voted to take the next step from softbank. The board okayed going ahead with proposal from Coalition Led by dragoneer, and considered consortium from an earlier investor interesting to see how that soap opera plays out. How kalanick lands in this lot of times i get up, on the way in look at the different financial websites one story got me this morning, north korea. Going to take a back seat to true concerns, thats the consumer data. I couldnt help but think that, you know what are the headlines . North korea could take a back seat, and it reminded me that years ago when i was in business, there was one day it said asteroid strike on the earth is imminent, causes stocks to sell off, but they rallied in the afternoon as money supply data came out. The fed is going to ease, dont worry about the end of the world in the meantime. It just reminded me, so north korea, all right so nuclear oblivion, but this week we have to Pay Attention to see how the consumer is feeling. And the other thing, north korea is not the only thing effecting this ailing market i was out last week, i know it was down a little. But were like 21,900, arent we are we ailing . Youre ready to get back on the train, think it is back now, just outside penn station in newark you think so many problems with penn station these days all right. What i am talking about, this consumer, watch the consumer this week. Dont worry about, dont look directly at the flash, bright flash. Apparently you mean the eclipse . Not to wear conditioner on the hair because it attracts radioactive thing. What . Yes the consumer, focus on the consumer now to this weeks agenda on wall street, plenty of Economic Data tomorrow, here we go jewelry tail sales import prices, wednesday, july Housing Starts and latest minutes from last months fed meeting. Thursday, philly fed survey, Industrial Production, then friday, am i right or am i right, august consumer sentiment. Consumer on the earnings front, retailers report, home depot, tjx, walmart, target and gap. Outside retail, also going to hear from Cisco Systems and alibaba. He is in a good mood, he has five bitcoin. Good return. Trading above 4,000 First Time Ever. Now quadruple in 2017. Took just a week to jump from 3,000 to 4,000 this is true. Do not use conditioner in your hair, it will bind Radioactive Material to your hair. In the case of nuclear strike. This is the notice that went out to guam residents. Oh. Im not joking. Very serious very serious. Seems more serious than consumer i was coming back on a plane, you would not believe what i was able to do. Watching a movie on my iphone on a united wifi deal. On my united application didnt even have to pay anything figured it out i was like you got the app i had the app. You need to have the app. Download it in advance. Cant download it on the plane. Already had it. Thats how i coordinate my stuff. Thats thinking, joe. So i saw this, john goodman in it, it is a combination of the room and walking dead, zombie apocalypse. It is happening after one of these horrible, you have to stay in a shelter for a year. Resident road warrior here. I know. In terms of being very tech savvy. Comfortable with technology. Im proud of you. I had earphones ready to go. News you can use here is the screen it is small, isnt it hard to use things. You could use an ipad or laptop if you have the app on those devices. Keep that in mind. Netflix recruited Shonda Rhimes away from abc she has been with abc 15 years for hits like scandal and greys anatomy. She will develop shows exclusively for netflix, she will move her Production Company from abc studios to netflix. In the past week, they signed movie directors joel and ethan cohen to make a western series, and late night star David Letterman out of retirement to make new shows amazon walking dead creator signed to a deal comes as disney decided to pull its content from netflix this is a real war and by the way, netflix also bought the company that miller world, comic books anyway, more fallout from the hack attack on hbo hackers released episodes of curb your enthusiasm more than two months before they are scheduled to air hbo releasing a statement saying they may drop bits and pieces of stolen information in attempt to get Media Attention, thats a game were not going to participate in hbo first fell victim to the major hack attack late last month. Coming up, a lot to talk about. U. S. Equities futures higher talk with market strategists after the break about whats going on back in a moment get to the broader market. Guys, good to have you with us john, kickoff with you friday, snapped a three day losing streak, today futures indicate higher open is this continuation of this mentality or was it weaker than expected july cpi which lowered expectations of hike in december i think a combination of both so it eased up concern that the fed might raise once or twice before end of the year then on top of it, the market recognized the fact we are likely not to go into a war. Thats always a good thing. Sharply higher open were expecting. Lindsey, in terms of weaker than expected july cpi in your mind, does the fed raise at all between now and end of the year . Well, certainly this reinforces the idea that were seeing clear trends of disinflation in the economy. But it wasnt a large enough drop to call into question the feds commitment to raising rates to one additional time by end of the year, nor does it sway Committee Members from expectations that inflation will eventually move back to the 2 target over the coming 12 to 18 months so it really was the perfect report for the marketplace keeping the fed on the slow path, but at the same time keeping the fed on that path to a higher Interest Rate environment. In terms of sectors youre watching, where are you looking to go. What we saw was draw down sharply and higher performing, higher momentum areas of the markets, and probably see the snap back here, seeing amazon and facebook up 1 premarket so far. If you believe as you believe that the markets are pretty much stalled out, not too much traction now to end of the year, where do you go . Yankees i dont see it that. You have the wrong buy up there. 6 , 7. I said my target is 26. 50 target 4 or 6. 5 or 6. 6 youre good. You pop it in there, tells you. Youre good we had 24. 50 was the target for this year. I understand. You have a target, figure out what that equates to weve got the dollar weak, that gives competitiveness on top of that, youve got a huge transition going still after all this time from an log to Digital Economy should benefit every sector, should benefit technology. All look to be of interest keep the cyclical exposure. Stick with whats working in this market. Yes at this point you ride the horse thats been running powerfully this year. Think theres more opportunity going forward, from the current cycle as well as driven by secular trends out there both in emerging markets and developed mashlgrkets in terms greater influence of the digital, the cloud, big data, the whole bit. Lindsey, you know, a lot of investors bullish in markets will cite fundamental backdrop of strong corporate profits, for instance john mentioned the dollar. How much tail wind could that be with dollar down 8 this year . It certainly could, the bigger tail wind comes from the very modest consumer that were seeing at this point certainly you can point to strong Consumer Confidence indicators as we go into second half of the year as potential indication that consumers are ready to spend what weve seen is consumers pulled back. Theyre saying one thing, doing quite the other. As you point out earlier, you get another round of retail sales data this week, should we see another month of very weak spending activity, i think that in and of itself will be the catalyst, setting tone for the second half of the year. Consumer based economy, if we dont have strong consumer out in the marketplace spending, its not going to matter any other support from any other sectors, and we will see growth fall below the 2 trend weve seen the First Six Months of the year. More broadly, within consumer, seeing by fer indication of where they spend clearly, types of retailers performing, where the consumer pulled back most look at rcl, price line, theyre close to record highs. In terms of what we expect for retail, what would that be expect with retail continued mixed results with bricks and mortar having a tougher time than anything thats related to electronics sales, so to speak expect the consumer will remain faithful in terms of home renovation and likely to stay flying a lot of airplanes. Lindsey, last question to you. If north Korea Remains an issue in the headlines at the next fed meeting, does that play a role i dont think right now the market has been largely