[laughter] maria big show this morning on deck this morning, ohio congressman and member of the house intel and ways and Means Committee member brad is here on yesterdays hearing, darrell issa joining us on new run fur the house, Intel Committee devin nunes on the whistleblower come print and Philadelphia Federal Reserve complaint patrick harper, on Economic Data, backdrop on the economy, we will talk about rates as well, dont miss a moment of it. Top story this hour, whistleblower hearing, Joseph Mcguire sealed question from lawmakers yesterday, intel chief showing some support for whistleblower also had warning for democrats Going Forward, watch. Theres an allegation of a coverup, im sure an investigation and before this committee might disprove that right now all we have is allegation from secondhand from a whistleblower. Maria now weve got the media, New York Times say they know who it is but the republicans want to know who is the whistleblower, maybe hes from the cia, whats your
Plus, nordstrom and Dicks Sporting Goods both surging in the premarket as the Consumer Sector coming off what was its best day in nearly two weeks and teslas second largest shareholder suggesting elon musk should step down as ceo. We have details. Central bankers and economists from around the world are gathering at the kansas city feds annual symposium in Jackson Hole Investors bracing for tomorrows speech by fed chair powell among the president s repeated calls for additional rate cuts some big live interviews coming up today and tomorrow from the summit our Steve Liesman will have harker in about an hour. Hes got bullard tomorrow. But we know what the minutes did to odds of a 50basis point cut yesterday. Yeah, everyone is a little talking at different moments here you have the president saying things, the economy is fantastic, which is why we need to cut rates but now hes focused on germany. You have the fed focused on the data and a little more torn. The fed is clearly thinking abo
The dow and s p 500 and nasdaq all lower. Weve had a moderation of the declines, going back toward the lows. The dow down. 5 . The Philadelphia Semiconductor index underperforming a bit more. Wobbliness fore stocks globally must certainly seeing it in the u. S. This follows a pullback for highyield credit as well. We are seeing risk off and they in the haven assets. Bonds are trading higher. The yen gaining by. 4 against the dollar. Oil is considered a riskier growth asset. Down for a second day in a row. Up 8 . Last week, we had big declines in bitcoin. Lets go into the bloomberg and take a look at the stocks. While we have weakness for the chip today, on the quarter, its a different story. The Philadelphia Semiconductor index in white outperforming the dow and nasdaq in purple and orange. Take a look at the biotech index in blue. Down for the First Quarter in several. We had a bear market in 2015. Movers, some of the chip helping the stocks. Logic, applerrus suppliers falling after t
Fbi director james comey will take questions about russia and wiretapping allegations. Well speak to security insiders about what to expect and potential fallout from todays hearing. Plus, former ambassador to russia will break down the current relationship between the u. S. And russia. And why we could be in for a surge of mergers and acquisitions and what it means for the markets. First up, from russian hacking activities to the president s wiretapping allegations, fbi director james comey will face questions at a House Intelligence Committee at a hearing set to begin in about an hour from now. Our eamon javers is in washington with the latest. Good morning, eamon. Good morning, carl. A high stakes moment for fbi director james comey up here on capitol hill today because we expect in the House Intelligence Committee he is going to be asked whether or not there is an fbi investigation into allegations that russia attempted to influence the United States election back in 2016 and what
Im sara eisen. And a throwback. Backstreet boys. Im excited about the rest of the show. I wasnt beforehand but i really am now. Lets get to the markets. There should be british boy bands in there as well. I dont think we know them as well. Well, i do. Weve got a positive tone to u. S. Equity futures after another selloff yesterday on wall street wasnt as sharp and as extreme as we had been seeing but nonetheless, a weaker tone to the day. Nasdaq futures up a little more than 9 points. Were seeing fractional gains in the premarket, flat sessions in europe. As for the treasury note yield which manns the center of action lately, the tenyear hovering above. Weve seen the backup in yields which is sort of sharp. Were going into a fed meeting next week tuesday and wednesday. Well get the decision. The september odds, 20 that they raise Interest Rates. I wonder if thats low. Well talk than throughout the hour. Weve got a few guests on that. Absolutely. Were moving toward a new higher range. I