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Those deflationary pressures, gdp target front and center, will it be 5 . Could it be below five, some say unlikely, but we wait and see in terms of where the target would be. It is also about the fed. We have fed chairman Jerome Powell set for testimony expected to reiterate the fed is in no hurry to cut rates, it is likely to lean towards a hawkish tone. We heard from many officials saying that the fed can afford to wait given the data, given strong inflation remain sticky, and the economy remains resilient. The fed, as well as china, expected to did cake dictate sentiment in the market. Als...

The withdraw and hear him declare this as an outstanding success is a knife in the back read we are a big winner in decreasing, bidenomics equals war against fossil fuel and equals total failure. There are a lot of things in the headlines that people conveniently ignore that tell me we still are on very shaky grounds. I s say were on recession islan. I say its going to happen lets get on with it, 11 00 oclock eastern time it is tuesday august 8, i want to show you whats going on in the markets, first stocks, the dow down over 400 points the nasdaq and over to her points. A loss of 1 of all thr...

Is this another sign that the postpandemic travel boom is running out of gas im melissa lee, this is fast money, were live at the nasdaq ma marketsite we start off with a huge slate of earnings. Apple and amazon headlining the afterhours action. Full Team Coverage on all these names. We start off with steve kovach and apples big quarter. Steve . Yeah, melissa, it is, like you said, the Third Quarter in a row of falling sales, with revenue still beating estimates, but down 1 year on year so, revenues coming in at 81. 8 billion, street was looking for 81 p . 69 billion and the eps was a bigger b...

Bloomberg daybreak europe. Im lizzy burden in london. China leads asian stocks higher while at global bond selloff rolls on, focus shifts to todays u. S. Jobs report. Chinese assets get a boost on expectations of more funding for the private property sector. Pboc vows to step up monetary support. A tale of two tech giants. Amazon shares sore after hours after estimates on ecommerce sales, but apple is down on lower than anticipated iphone sales. Good morning, happy friday. We made it but the global bond market right not. It is set to be the worst week for those treasury since october when the ...

It is down 20 again. The s p is down 26. The nasdaq is thinking onto a onepoint game. Qualcomm is down 9 after a disappointing Fourth Quarter. There is a slowdown in smartphone demand. Expedia had bookings falling short of high expectations. And we are watching the yield. The 10 year is up 4. 19. It is starting to get back near those october highs, which Rick Santelli warned us about. Lets get back to mr. Santelli. It is the chatter today, rick . The chatter is that there are some issues. Whether it is how much the markets move. Consider this. The fed raised rates a quarter point on the 26th. ...