Get started here this morning. Look, i think that we are actually experiencing something that we havent lately which is that the analysts are almost entirely positive, and yet there is an underlying current both from the unemployment claims, which they are never going to be good until we get a vaccine. And also a general on wee that we dont have it under control, there i am talking about covid19 so why own anything . I think that thats an incorrect view there were many many piece this is morning that talk about what i can only say i am going to borrow a term from larry kudlow, green shoouts. There is much thats good in the economy. It is just not where we thought it was going to be, david. It is not all encompassing, but there are some areas that are very strong. All right so go over those and explain to me why they are not what we thought they would be. I think we thought travel and leisure would come back. That cruiseships would come back, that there would be Corporate Travel only on
Fliers grounded. A risk few are talking about but we are the ticking time bomb amid many bank Balance Sheets. You are watching Worldwide Exchange on cnbc. Good morning, good afternoon, good evening wherever you may be watching what already feels like the fifth day of the week. After yesterdays wild market ride stocks, they open way down stock futures down 1,000 points. Then the market swung more than 700 points as the Federal Reserve says it is ready to buy Corporate Bonds. Basically a direct bail out struggling with individual debt issues right now, stock futures are powering up 500 points not just stimulus for the fed. Reports the Trump Administration is creating a plan for roads and bridges but some funds will be reserved for 5g and rural broadband. Infrastructure has been talked about about three years with nothing passed yet lets wait and see what happens. Treasury yields are surging on that news continued at a whoping 0. 74 . Up from a couple of days ago a huge reversal around th
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was selfafacing about what they have to do. I watched that inte
Yikes, because we know how people get when it is 80 inen extra. Midtoupper 80s inland neighborhoods. Here is a look at what is going to happen all of us are 1216 degrees above average with napa at 90 and 92. However, it will not last. We have showers on way and 30degree temperature drop in the sevenday outlook. I will see you in a few minutes. After three way shooting in the east bay the latest yesterday, the city of pittsburg is taking emergency action. This morning, reaction is pouring in after the city Council Voted to spend big bucks to install surveillance cameras. Amy hollyfield is on highway four with the latest. Amy . Pittsburg is the first city to do this in reaction to the freeway shooting. These are cameras that cover only the four miles of highway four we are on right now through pittsburg. The city manager here is saying he is already hearing from other city managers who are also interested in the cameras. Reaction is pouring in to pittsburg city hall. After the city Counc
Well, we have seen records last week, we are looking at records this week. One third of one 3 . Percentagg terms that you do see, the dollar is the downside and commodities are in this and there has been some articles on gold and that is a big deal. Secondquarter earnings, five to 10 , mcdonalds is down 2. 75 . Numbers are little weaker than expected. However, a couple of things havent been going on with this. Playing a part, they did well with some of those in the system. Back to you guys. Lori and now we are bringing you the latest out of detroit. An expedited hearing this wednesday at 10 00 a. M. Chris wallace is with us now. That is the term of 2014. The judge is going to have his own ideas about how this should go. But we are going to be very proactive, we are asking for an order, the appointment of committee come we are going to try to do this with the staff. Lori investors with 18 billion and bankrupt bankruptcy. David, welcome to you, thank you for joining on on the show with u