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Wall St. ends lower after inflation data, debate
Reuters Videos41 minutes agoSTORY: U.S. stocks ended lower on Friday as investors digested the latest inflation data and weighed political uncertainty after the presidential debate. After an early rally fizzled, the Dow closed down about a tenth of a percent, the S&P 500 shed four-tenths and the Nasdaq lost seven-tenths of a percent. Friday's personal consumption expenditures price index showed monthly inflation was unchanged in May, with the annual rate ticking down to 2.6%. Traders' bets on a rate cut in September rose to 66% after the report's release, LSEG FedWatch data showed. But Anna Rathbun, chief investment officer at CBIZ, said she wouldn't quite make that same bet. "September rate cut, in my opinion, is still a little too soon. Between now and September anything can happen and we really need several months of stable prices, stable inflation numbers I think for the Fed to have conviction. [FLASH] So one cut in December, still very likely. Two, maybe. One in September, probably unlikely." Stocks on the move included Nike, which fell about 20% - its steepest one-day plunge in over two decades. The sportswear company forecast a surprise drop in annual sales as it struggles to compete with newer brands On and Hoka. Optical networking gear maker Infinera jumped more than 15% after Nokia said it would acquire the company in a $2.3 billion deal. And after a shaky debate performance by President Joe Biden against Donald Trump, shares of the former president's Trump Media, parent of his Truth Social, spiked before ending the session down more than 10.5%.
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- 1:50Wall St. ends lower after inflation data, debateReuters VideosSTORY: U.S. stocks ended lower on Friday as investors digested the latest inflation data and weighed political uncertainty after the presidential debate. After an early rally fizzled, the Dow closed down about a tenth of a percent, the S&P 500 shed four-tenths and the Nasdaq lost seven-tenths of a percent. Friday's personal consumption expenditures price index showed monthly inflation was unchanged in May, with the annual rate ticking down to 2.6%. Traders' bets on a rate cut in September rose to 66% after the report's release, LSEG FedWatch data showed. But Anna Rathbun, chief investment officer at CBIZ, said she wouldn't quite make that same bet. "September rate cut, in my opinion, is still a little too soon. Between now and September anything can happen and we really need several months of stable prices, stable inflation numbers I think for the Fed to have conviction. [FLASH] So one cut in December, still very likely. Two, maybe. One in September, probably unlikely." Stocks on the move included Nike, which fell about 20% - its steepest one-day plunge in over two decades. The sportswear company forecast a surprise drop in annual sales as it struggles to compete with newer brands On and Hoka. Optical networking gear maker Infinera jumped more than 15% after Nokia said it would acquire the company in a $2.3 billion deal. And after a shaky debate performance by President Joe Biden against Donald Trump, shares of the former president's Trump Media, parent of his Truth Social, spiked before ending the session down more than 10.5%.41 minutes ago
- 2:13Could Democrats replace Biden as the nominee? Here’s how that could lookCNNPresident Biden’s performance against former president Donald Trump during the first presidential debate of 2024 has pushed some Democrats to call for a new nominee. CNN correspondent Tom Foreman breaks down the ways that could happen.1 hour ago
- 1:12Trump claims ‘big victory’ over Biden one day after presidential debateThe IndependentTrump claims ‘big victory’ over Biden one day after presidential debateReuters2 hours ago
- 7:49Obama cabinet official: 'After last night, it became less likely that [Biden] will win’NBCFormer Secretary of Housing and Urban Development Julián Castro joins Meet the Press NOW with his takeaways from the first Biden-Trump presidential debate, saying it's now up to the president to "rebuild that confidence" that was eroded from his performance on Thursday.2 hours ago
- 1:50Trump made comment about ‘Black jobs’ during debate. Ex-Trump official respondsCNNDr. Ben Carson, former housing and urban development secretary under the Trump administration, responds to former President Trump’s comments during the CNN presidential debate.2 hours ago
- 10:47‘There is fear’: Panel reacts to Biden’s halting speech and confusing answersNBCNBC News' Mike Memoli, Punchbowl co-founder Jake Sherman, former Communications Director for Hillary Clinton's 2016 campaign and Professor of History at Rice University Douglas Brinkley join Katy Tur to discuss the conclusions drawn from the Presidential debate last night and the future for President Biden in his re-election campaign.3 hours ago
- 3:33Trump supporters react to first presidential debate, say Biden 'in decline'FOX News VideosSupporters of former President Donald Trump in Chesapeake, Virginia, spoke out about the CNN Presidential Debate, telling Fox News Digital Friday that President Biden is "in decline" and "not physically able to be the president."3 hours ago
- 1:53Trump: It’s not Biden’s age, it’s his competenceFOX News VideosFormer President Trump rallies in Virginia after the CNN Presidential Debate, criticizing President Biden’s performance.3 hours ago
- 2:20RFK Jr. streams his own response to first presidential debateThe HillRobert F. Kennedy Jr., who is running a long-shot bid as an independent candidate for president, wasn’t impressed by Thursday night’s debate between President Biden and former President Trump.3 hours ago
- 1:26Chris Wallace: Biden ‘wasn’t capable of doing any better’ at debateThe HillCNN anchor and former presidential debate moderator Chris Wallace gave a dismal review of President Biden’s debate performance Thursday, saying the president ”wasn’t capable of doing any better” that he did.3 hours ago
- 8:48No one can argue Biden had a great night, but no one can argue Trump had a great presidency: Gov. Wes MooreFox Business VideosGov. Wes Moore, D-Md., reflects on the 2024 CNN Presidential Debate on 'The Claman Countdown.'3 hours ago
- 1:08Axios reporter says White House did 'not tell the truth' for years to media, themselves about BidenFOX News VideosAxios reporter Alex Thompson argued that the Biden White House hid the president’s “limitations” for years, flaws he says were exposed for all to see in Thursday's presidential debate.3 hours ago
- 20:27Biden: I don't debate as well as I used toFOX News VideosPresident Biden holds his first campaign rally after CNN’s Presidential Debate.4 hours ago
- 16:40Kevin Walling: Biden Is Staying On The TicketFOX News VideosDemocratic strategist Kevin Walling joins Fox Across America With Jimmy Failla to give his take on President Biden's lackluster performance during the CNN Presidential Debate.5 hours ago
- 18:01‘Good president who had a bad night’? Or Biden showing ‘weakness’? Strategists debate the debateCNNFormer Trump Communications Director Marc Lotter and “Hopium Chronicle” writer Simon Rosenberg analyze the pivotal first presidential debate5 hours ago
- 28:34Dems PANIC After New Calls For Biden To WITHDRAW From Election After FUMBLING Presidential DebateThe HillThe Hill’s Julia Manchester chats with congressional reporter Mychael Schnell as she recaps the public’s reception of the CNN Presidential Debate. Plus, they discuss RFK Jr.’s alternate debate and the lack of fact-checking from CNN moderators. Also in your Debrief: Court sides with Jan. 6 defendant; Court dissolves Chevron; SCOTUS upholds ban targeting homelessness; SCOTUS watch with rulings to come. Make sure to subscribe to get your Daily Debrief with top headlines from The Hill every weekday. #thehill #news #2024 Follow The Hill on Instagram and X, @thehill Follow Julia Manchester, Instagram - @juliamanch Twitter / X - @juliamanch5 hours ago
- 4:43Voter panel reveals whether Trump, Biden touched minority communities in CNN debateFox Business VideosDemocrat Sammy Ravelo, business owner Vanessa Simon and retired NYPD officer Lamont Johnson reveal whether their votes have changed after the CNN Presidential Debate.5 hours ago
- 5:18Joe Biden is in ‘real trouble’ after his debate performance: Rep. Ryan ZinkeFox Business VideosRep. Ryan Zinke, R- Mont., reacts to CNN’s Presidential Debate and its expected impact on the 2024 election during an appearance on ‘The Big Money Show.’5 hours ago
- 9:18'Wasn't the debate I would've loved for us to have': Buttigieg reacts to Biden's performanceNBCPete Buttigieg joins Chris Jansing to react to last night's presidential debate between former President Trump and President Biden and addresses concerns about Biden's performance.5 hours ago
- 1:26Who won the Biden vs. Trump presidential debate? Both candidates struggledUSA TODAYPresident Joe Biden and former President Donald Trump clashed in the presidential debate. Here is what happened.5 hours ago
- 4:11Strategist says investors should consider moving past US names in AI sectorFox Business VideosPitcairn chief global strategist Rick Pitcairn discusses the markets and previews the first presidential debate on ‘The Claman Countdown.’6 hours ago
- 3:42Debate was an ‘unmitigated disaster’: Karl RoveFOX News VideosFox News contributor Karl Rove joins ‘America Reports’ to discuss the image President Biden projected at CNN’s Presidential Debate.6 hours ago
- 3:03Dems pressed on Biden’s debate performanceFox Business VideosFox News senior congressional correspondent Chad Pergram reports on mounting concerns among Democrats following President Biden’s performance in the CNN Presidential Debate.6 hours ago
- 4:49Joe Biden’s campaign ‘ended’ at the CNN debate: Hal LambertFox Business VideosPoint Bridge Capital founder and CEO Hal Lambert weighs in on Trump and Biden’s performance during CNN’s Presidential debate.6 hours ago
- 19:23Democratic voter calls Biden’s performance ‘shocking’FOX News VideosPolling expert Lee Carter and American voters join ‘The Faulkner Focus’ to discuss President Biden losing his train of thought during CNN’s Presidential Debate.6 hours ago
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump received a Bachelor of Science in economics from the University of Pennsylvania in 1968.
Jun 13, 2023 · Former President Donald Trump pleaded not guilty to 37 criminal charges during a historic arraignment in a Miami federal courthouse after being indicted over his handling of classified...
Jun 9, 2023 · The Justice Department on Thursday took the legally and politically momentous step of lodging federal criminal charges against former President Donald J. Trump, accusing him of mishandling ...
Aug 15, 2023 · Donald Trump and 18 others were indicted by an Atlanta grand jury late Monday. They face sweeping racketeering charges stemming from efforts to overturn the 2020 presidential election.
Latest updates on former president Donald Trump, including polling in his 2024 election bid, primary results, news on his court cases and analysis on his campaigning.
Aug 2, 2023 · Former President Donald J. Trump was indicted on Tuesday in connection with his widespread efforts to overturn the 2020 election following a sprawling federal investigation into his attempts to...
Read the latest news and analysis on President Donald Trump. Follow today's top stories and breaking news from inside Washington D.C. and beyond.
Jun 9, 2023 · Former President Donald Trump has been indicted on federal for storing dozens of classified documents at his Florida resort and refusing to return them to the FBI and the National Archives.
Donald J. Trump. News on former President Donald Trump and the Trump administration. • Live Updates.