Unprecedented flooding a state of emergency in mississippi. Waters are rising near historic levels and with more rain in the forecast officials warning the danger is not over yet. Plus hitting the campaign trail. Democrats running for president descending on nevada ahead of that states caucuses and the contenders may be about to agree on one common rival. Well talk about that. It is finally here, baby yoda merchandise. We hope you acted fast though. Lauren did not. Connell explaining later. Bracing for impact, beijing approving a stimulus package that includes a key Interest Rate cut as it attempts to bolster the economy amid the coronavirus outbreak. Chinese government think tank is now projecting that the outbreak could end up shaving off a full percentage point from chinas annual gdp this year. Plus it could impact as many as five Million Companies globally. That is according to research from the firm dunne and brad street. With us dan mitchell, center for freedom and prosperity cha
Healthcare act, addressing concerns of conservatives who wouldnt support the original bill back in march saying it did nothing to eliminate obamacarelike mandates and taxes while some moderates wanted more protections for those with preexisting conditions. Gop leadership had been work behind the scenes to calm the fears of house members and have succeeded today. This bill delivers on the promises that we have made it to american people. You know, a lot of us have been waiting seven years to cast this vote. Democrats lined up on the house floor today to slam the reworked legs larks claiming deep cuts to medicare would hurt millions and saying up to 24 million more could lose their insurance. Speaker ryan once called this bill an act of mercy. An act of mercy. There is no mercy here. Reporter the bill now heads to the senate where republicans only have a slim advantage. Senate minority leader Chuck Schumer saying he is going to fight this thing all the way saying that the bill is going n
More important for retail eers. What do they it like . What do they hate when it comes to retail . Power lunch starts right now. Happy monday. Im melissa lee. The dow, s p 500, nasdaq posting their best gains of april but that got wiped out. Stocks are moving higher, though. Some stocks were watching this hour tesla, the electric carmaker, now the most valuable u. S. Ougautomaker. And shares of rentacenter soaring. They say they are not exploring a sale, despite coming under pressure to sell. President trump set to meet with some of the nations top ceos tomorrow. 27 billion for toshibas computer chip business. As we head into the driving season, up 9 cents over the past two weeks to 2. 43. Michelle . They want the mon y back. Wells fargo chairman speaking about it first to wilfred frost. Exclusively. Lets get to the story, the board has reclaimed a 47 million off pay on top of the 19 million. And terminated her for cause. Here is chairman sanger who oversaw the board review. The root c
Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen today. Welcome back from paris. Thank you very much. Great to be back. Great to have you alongside. Amazing to see how that French Election is still impacting marketing. Lets get straight to the market action. U. S. Futures, yesterday a big rally on wall street. Gains of 1 or more across the board for the s p 500. Dow jones aup 1. 2 . A relatively positive session in trade. Dow jones up about 40 points, nasdaq and s p also up. Financials up 3 . And it was that election result sunday night in france that led markets higher. European stocks clearly rallied more than the u. S. 4 of gains in france. 2 in london. They are holding firm today. Slight gains for the main indices. Nothing too massive compared to yesterday. The important thing is they are cementing the big gains we saw yesterday. It was also banks in europe that led the charge higher as it was in the u. S. Big moves. Socgen, Deutsche Bank up nearly 10 . Lets sum
Wednesday and thursday, stocks were pretty calm throughout todays session. By the close, the dow lost 11 points to 16,643. The asdaq climbed 15, and the s p 500 added more than a point. For the week, believe it or not, the dow and the s p 500 rose about 1 . The nasdaq gained more than 2. 5 . But with that gain, the nasdaq recovered a nearly 9 plunge from earlier in the week, its biggest intraweek reversal ever. And that is just the tip of the iceberg. When looking back at what a wild week on wall street it really was. There is the opening bell. Guys, the dow is now down 1,000 points. There was real genuine panic selling like i havent seen in years. These are enormous moves. Things that were making my eyes pop out of my head when i was watching here. As of this moment, it is the strongest rally of the year. Were in sort of a very strange uncharted territory right now. Volatile final hour of trading turning this rally into a decline. Trading less chaotic, the dow cratering into the close