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This is fast money live from the Nasdaq Market site on the desk, tim, and our guest trader victoria fernandez. Thank you all for joining us here tonight we are going to start with a sputtering end the dow gaining while the nasdaq and the s p were lower on the day. All three indexes well off their lows after a hotter than expected inflation report. Wholesale prices rising more than forecasts in july both the nasdaq and the s p posted their second straight week of the losses, the first time the nasdaq has done that all year now focus shifts to the next crop of earnings reports with the retailers. Those are the big headlines we will see next week home depot first, walters, target, tjx, along with others target is the big exception. What can we expect to hear from these names in next week and will they give the market support to turn things around . Obviously, a lot of big names, two dow components, home depot and walmart. We really ca ....
Lower in terms of gold. Why . Down goes gold. Down goes commodities. The u. S. Economy is back on track. We have the opportunity of a rate rise. That means the dollar is back involved. We are seeing a selloff across the commodities space. We are seeing borrowing costs coming down across the board. We have italy down 2 10 of a percent. The banks are starting to let the market know they are looking to sell debt. They are raising about five billion euros. Companies want to get hold of the optimism in the market now that the greek exit is resolved. Or is it . They are down 11 . We have surveyed economists. A majority think we will see greek exit the eurozone next year. Grexit is not completely off the table. Lets have a look at some stoxx to watch out for. Oil and gas are what to look out for, but also those who came out with earnings. We are getting a flurry of earnings. Cloud computing more than doubled. We are seeing it building, and we are seeing profit and sales up. The biggest drugma ....
Rally, we have more rallies here. Itree major averages is not just the u. S. It extends globally. We look at a longerterm chart. We see the are at levels from may 2015. Quite a rebound from the lows. Some has to do of what people are calling reflation expectations under trump. Especially after he said he will unveil a phenomenal tax plan within two or three weeks. ,hen we look at the bloomberg and white we have companies with a higher tax rate. In blue, we have the s p 500 index. This is since the election. We see higher tax Rate Companies have been outperforming. There is an expectation that if trump were to cut taxes, they would rally. One stock rallying in a huge way. Lambert,king after a and promising to cut debt pension burdens by 1. 5 . 28 for sears holdings. A fourthare up for day. Best run since december 9. Trumps promised business tax lifting sentiment. We are also on track for a weekly gain. Basic resources up almost 10 ....
Lauvens the first ltro are expected to disappoint. Results out in over an hour. Moving camps and demonstrators out of the financial district after more than two months of occupation. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. We are just getting news out of norway. Theyve cut the deposit rate by 25 basis points to 1. 25 . We were expecting a slightly easing meeting announcement. We werent expecting an outright rate cut until early next year. Low Oil Prices Hit a fiveyear low against the euro, which given the eurozone weakness is quite astonishing. The economy has been weakening. T inflation, the most recent number declining slightly more than expected, but only fractionally. That has led the central bank to cut the deposit rate to 1. 25 . The norwegian krona has stre ....