Wall Street rallies on Powell’s rate cut signal. Intel calls in advisors for activist defense. China slams U.S. over export ban.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeclimbed 1.47% and 1.15%, respectively. For the week, the Dow gained 1.3%, the Nasdaq 1.4% and the S&P 500 rose 1.45%. Meanwhile, the yield on the 10-year.
"A delay of two to three months, I view that as a sort of an asterisk. This is not moving the needle in terms of a demand perspective," Ives said. at the next several FOMC meetings. McCulley also believes a more aggressive 50-basis-point cut could be implemented if August's jobs report, due on Sept. 6, shows signs of weakeness.
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