Quarter. We are down 1. 4 on the s p. Weve got a big show coming your way well speak with the ceo of hologic which says its new coronavirus test could help increase the countrys Testing Capacity and a massive afternoon of earnings. Apple, amazon, gilead, visa and whirlpool. And an exclusive interviiew when i will pools ceo. Michael tracking the market on this final day of the month. Courtney has a strategy update for macys and julia is watching big moves for media stocks mike, start us off with the market down day, but big up month and a big five or six weeks since the market low take a look at the s p this is a twoyear this was a 35 drop on intraday basis. To yesterdays high, it was a 35 rally off that lower level so very sink niehaus in that way. I also point out that right around here, 3005, people are talking about how its gained more than 60 of the overall point losses that has some significance its kind of a may period. Seasonals get weaker and yesterday was kind of a big headlin
And we have video of the chinese communication has been an issue, tax reform is hard to vice premier meeting with u. S. Communicate. Dagen wrote trump is his own communicator, he is the best trade representative lighthizer communicator. Right now, only video, american maria see you soon, have a great day, varney and Company Begins now. Video of the meeting. Treasure secretary Steven Mnuchin joined for dinner, this stuart history about to unfold deal pauses tariffs Going Forward but still 250 billion on varney and company. In chinese import under 25 dignitaries assembled in the tariff and another 120 billion under 7 and a half percent until white house for the formal signing of the china trade deal. It will be quite a show. The president , Vice President , cabinet, members of congress, Top White House officials will all be there and so will phase 2. He will consider releasing chinas toplevel delegation. The vice premier, the commerce tariffs as part of phase 2. So theres, nothing to do
Good thursday, everybody welcome to power lunch lets take a look at this record rally. All three major indices at new high the dow is up 21 in 2019. The s p up nearly 28 and the n nasdaq up 33 just this year were in the green today check out some of the new highs across the board micon, citigroup and kellogg joining that party ty thank you very much with a few trading days left in whats been the best year for the market since 2013, bob is at the New York Stock Exchange with a look at what worked in 2019. Hi, bob. A lot worked. Thats the good news the rally has opinion fabeen fa but dont kid yourself top 23 stocks in the s p 500 all were up. All 23 were up some of them were up really big. How big . S p 500, up 28 . The top ten stocks by market capitalization were up more than 40 . That means as they get bigger, those stocks have more and more influence on the s p number one, nothing knows bigger than apple this year look at this, 77 . Thats not a typo. How much is that thats 800 points
Lets kick it off with blake. On the eve of the impending vote in the house of representatives likely tomorrow night President Trump has just sent this fivepage scathing letter to the speaker of the house, nancy pelosi. The president saying he is doing so to put the words on paper, quote, for the purpose of history. The president writing at one point, saying, of democrats, quote, you are the ones interfering in americas elections. You are the ones subverting americas democracy. You are the ones obstructing justice. He also writes of pelosi saying quote, even worse than offending the Founding Fathers you are offending americans of faith by continually saying i pray for the president when you know this statement is not true unless it is meant in a negative sense. Its a terrible thing you are doing but you will have to live with it, not i. That the president to the speak of the house. Speaking of the president , earlier today, here in the oval office he hosted his counterpart from guatemal
Decision easterbrook, of course, took over as ceo in march of 2015 before todays move, the stock was up 96 under his leadership since he took over under that tenure, the company sold off many of its company own stores to franchisees and previeded over the launch of alldaybreak fast and mcdonalds named usa president the new ceo of the company but a lot to talk about there. Joining us to have that conversation right now about leadership change at mcdonalds, jeff simonfeld and cnbc contributor. This was a huge surprise, jeff clearly made a mistake but it was a consensual relationship and we now had a handful of these situations how do you read it well, we do see a trend here that of these roughly 90 ceos who left office last year is 40 of them was for misconduct we havent seen numbers that high 40 for misconduct and most of that misconduct was had to do with improper relationships at work but you make an important distinction, this was consens l consensual we say Harry Stonecipher at boei