Welcome to power lunch. The dow took a triple drop when donald trump junior released an email of his plans to meet with a russian attorney that apparently had information about Hillary Clinton. The major averages have mostly recovered. The nasdaq back in positive territory. Higher by 3 points tyler . I thank you very much im Tyler Mathisen we begin with the latest developments on that email drama involving donald trump junior, russian interests, et cetera, et cetera. Kayla tausche live at the white house. Reporter the existence of these emails first reported by the New York Times and later tweeted the enfire chatire chaid appear to show the motivation for the meeting that the president s son took in june of 2016 with a russian attorney said to be connected to the kremlin. It would seem to support that the purpose of which was to obtain incriminating information about Hillary Clinton, then the president s opposition in the president ial election. According to these emails, a publicist w
Reporter again, the description is vague, a white vehicle with multiple occupants inside with the unknown make and model. The chp believes the vehicle is a threat and if anyone spots the vehicle her nose where the vehicle could be to stay away and anybody knows where the vehicle could be to stay way and call the police immediately. This traffic jam will be here in the latest estimate from chp is that it will take at least until 8 30 am to clear this saying. At 8 30 am they hope to get some of these lanes of i880 reopened. You may be able to see from the live picture that it appears the vehicle with the victims pulled over into the lane that was being shut down for construction which means this portion of 880 southbound is only two lanes at this point. This also restricts this area at the scene. We were asking if there could be some sort of surveillance cameras that captured the shooting and they are looking into that right now to find out if there were any cameras up and available, per
S p declining 0. 08 and the nasdaq advancing 0. 02 , we had them all. We need to do an autopsy to make sure we have the right cause of both the advances and the selloffs. So lets examine the cross currents. You know ive been saying that there will be some days where some Republican Leaders try to slow the trump agenda. Take apart the tripod that this rally rests on, a speedy end to regulation, fast repatriation of foreign money and Corporate Tax reform. In the last 24 hours, the gop Alliance Trump needs to move fast on the tripod of reforms, the ones that have helped stocks immensely, is showing some signs of fracturing. First the heavy focus on repealing obamacare is shoving the tax reform out of the picture, scrapping the Affordable Care act could make the economy grow faster. Not denying that. But its not really part of the stock propulsion program. And, yes, i am being a little facetious, but this is mad money. Its never going to be mad politics. Second, the Senate Hearings today a
The story of a neighbors collapse. Venezuela massive street demonstrations, three dead. The socialist president maduro says the time for come back has arrived. Its destabilizing the region. What should america do . Send in the marines, send food . Let them sort it out themselves . Were on it, and what exactly are we allowed to smoke. On the day that new york city bans Tobacco Sales in some stores and tries to put up the pack of cigarettes to 13, thousands of people will light up a joint in public. Its marijuana day, 420. Come to this, tobacco increasingly expensive and outlawed and marijuana increasingly accepted and getting cheaper. Varney company is about to begin. A disintegration of venezuela, once a wealthy country, sitting on the biggest oil reserves in the hemisphere, now a socialist dictatorship and falling into anarchy. Look at that. Emack, whats this about the seizure of a General Motors plant. Liz yeah, affecting 2700 workers. The judiciary in venezuela took the factory and
Francisco for our invest in america series where were taking a closer look at some of the biggest names in tech and how theyre changing the way we think and do business and live. Its an amazing thing. You know what . Its also a beautiful thing when the old economy and the new economy converge. Thats what happened today when the averages with the dow jones rallied 113 points, s p advancing 0. 43 , nasdaq increasing. For much of 2016, thats not been the pattern. Oils rallied, distinctly the old economy, or you had the tech stocks, the stocks that dominate our cell phones. But not today. Today they coexisted. What makes this deelectricitiably bullish combination come about. Two different stimuli. For the old economy, its the price of oil. For the new economy, its the price of innovation. Lets start with the former. Today we got Oil Inventories and once again they showed a downturn. Remarkable given the glut we know does exist. Now, its entirely possible that one day well find out that the