Made the and offload of assets in the united states. We are 30 minutes away from the open in china and hong kong and we are seeing this rally with stocks after the Foundation Day and trade comes back with more optimism overnight and you see the major u. S. Markets back into the positive territory after the selloff we had and we talk about , buturn to volatility there is still a worry about a true recovery. This could just be a shortterm bounce before another low. You have to imagine, based off of that magnitude in the move. You were talking about that and what came to mind is al sunday, they given six inches in front of your face and the numbers will shift to markets, depending on what it is and we saw this and we are coming off of highs with 3 10 of 1 and nobody has really jump and we have the asian we are seeing but it is not gangbusters. Chilled has given a with the extremity of the selloff. Doesnt it always . China. Why it is you can see this running right hong kong time and with t
On more than 10 years after they on more than 10 years after they started. Mark the executive order the president signed tuesday night just before a state of the Union Address says the u. S. Maintains the option to detain additional enemy combatants at the Detention Center in guantanamo one lawful and necessary to protect the u. N. National security. Republican, and trey gowdy and chair of the House Oversight committee is not seeking reelection. He released a statement saying he will not be seeking any political or elected office but will rather be returning to the justice system. He previously investigated the 2012 terrorist attack in benghazi, libya. He brings to 64 the total number of congressional members to seek reelection. 46 number includes republicans. Usa gymnastics has confirmed the resignation of its entire board of directors in a tweet, he thanked him in the process of moving forward with a board of directors during the month of february and with the United States Olympic C
And welcome to power lunch. Eye melissa lee, your money carving out some small money today, and russell 2000 at rosh highs. Its a global rally. Lets check out bitcoin is bouncing back after falling below 10,000, Goldman Sachs say its a bubble bigger than the dotcom era and famous tulip bulb mania, and p g was down travelers rallying by almostsh topping expectations tyler . Thank you very much, melissa. Welcome, everybody we begin with a major decision from the white house the administration saying it will slap tariffs on solar panels and washing machines. If youve got a solar powered washing machine, you are not, kayla, going to have whiter whites Kayla Tausche is at the very white house with more. Reporter those tariffs are steep and final. For companies outside the United States empowereding washing machines into the United States theyll sue new tariffing between 20 and 50 , depending on the number of washing machines they are importing. For components that 50 . For solar part manufa
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to
The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa