Bloomberg

On this episode of Stock Movers: - Macy's (M) shares are lower, erasing an earlier advance, as investors weigh much better-than-expected comparable sales and adjusted EPS in the second quarter against a less robust third-quarter guidance. The full magnitude of the 2Q beat is not reflected in the annual guidance boost. - American Eagle (AEO) is falling after the apparel firm's second-quarter total comparable sales fell short of the average analyst estimate. - JetBlue (JBLU) shares are falling after the airline slashed its available seat miles forecast for the third quarter.

Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management, looks ahead to the September Fed meeting with Bloomberg's Bailey Lipschultz and Vonnie Quinn on "Open Interest."

Apple unveiled the company's first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. The iPhone Duo will start at $1,999 and cost up to $3,199. This was the first product reveal event for the new CEO John Ternus. Bloomberg's Ed Ludlow was there and reports from Apple Park in Cupertino, California.

Syzygy Asset Management Chairman Rob Arnott says the U.S. market looks frothy and expensive and warns that investors should not short a bubble, since bubbles can keep rising sharply before reversing. He speaks on "Bloomberg Open Interest."

Macy's shares fell after the retailer offered third quarter guidance that disappointed investors. Bloomberg's Romaine Bostick spoke to CEO Tony Spring on the phone and has more.

Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year. Michael McKee reports on "Bloomberg Open Interest."

Brent crude oil prices top $105 a barrel as rising tensions in the Middle East heighten concerns about global supplies. US gasoline prices hit a record over the Labor Day weekend. Bloomberg's Michael McKee has the data. Mike Reid of RBC says this all puts the Fed in a tough spot.

European Central Bank President Christine Lagarde discusses the ECB's reaction function and future rate path. She also answers a question about about her future as head of the ECB. "When there is something to report about me, personally, you'll be the first one to know after my grandchildren," Lagarde tells Bloomberg's Mark Schroers at a news conference in Berlin.

Ashwini Kumar Tewari, managing director at the State Bank of India says that corporate spending on new-age industries such as data centers is emerging as a key driver. Tewari speaks exclusively with Bloomberg's Haslinda Amin.

The US producer price index for August rose 0.4% from the prior month and 5.4% from a year earlier. Initial jobless claims fell by 1,000 to 206,000 for the week ending September 5. Bloomberg's Michael McKee reports.