CNBC market close business news update. I'm Jessica Edinger. Major averages all in the red on Friday heading into the weekend.The Dow down 107 points 2/10en of a percent led lower by shares of Salesforce which were down 2 and a.5%. The S&P 500 index down 13. The Nasdaq down 73 points.But the Russell 2000 index of smaller companies, that's the real story. higher for Friday and for the week. Chipmaker shares mixed on Friday.Oil prices rose more than 1% Friday as the US threatened economic isolation of Iran. U ...

To me. The arch theme and lessons learned of this week. But for everyone riveted in the nation by affordability is going to be the turnout and the elections plural to come.And do you have any visibility on the turnout of the midterms in November. We have conventional wisdom, which is that the energy is with the Democrats. The question is, are they running for something or are they simply running against Donald Trump.And that's going to help to animate that turnout as to what in the world it is that he says ...

Market Trends and Macroeconomic Data - Dow Jones Industrial Average dropped 133 points, representing a decrease of 0.25% [1] - S&P 500 index fell below 7,800, down 12 points, though still heading for its third consecutive winning week [1] - Nasdaq index declined by 98 points [1] - Cisco shares led the Dow lower with a 2.5% decrease [1] - University of Michigan consumer sentiment headline number came in at 51, which is 4 points lower than the expected 55 and represents the weakest sentiment since June when it was at 49.5 [2] - Current economic conditions sentiment index registered at 51.8% [2] - Consumer expectations index stood at 50.6%, coming in about 5 points weaker than expected [3] - Retail sales for July dropped by 0.6% (6/10 of a percent), falling way below economists' expectations of a slight increase [3] Industry and Company Performance - Disney theme parks delivered rock-solid results with earnings growth of 28% and great revenue growth, while continuing to raise ticket prices, drive demand, and expand streaming margins [5][6] - Disney shares were up 1% on the afternoon, though remaining in the red for the year [7] - Reddit shares surged by 14% following the announcement that the social media company will be added to the S&P 500 index [7]

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. Chapters: 00:00 AI Boom, Fed Complacency and a Consumer Test 04:51 Odds of a Fed Rate Hike May Rise — Julian Emanuel, Evercore ISI 19:56 AI Earnings Power Could Extend the Bull Market — Julian Emanuel, Evercore ISI 32:16 Fast-Food Prices Are Driving Diners Elsewhere — Nick Setyan, Mizuho 42 ...

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Well, retail sales data are disappointing. We thought they might be a little bit lower, and there are a lot bit lower retail sales on a headline basis, down by 6/10 of a percent. The forecast was for a one tenth percent rise.Uh retail sales auto down 3/10. Retail sales ex auto and gas down 2/10. Now of course gasoline prices were lower during the month.And retail sales control the part that goes into GDP, the part that economists tend to watch is down by 4/10. It was up by half a percent last month at least ...