Rest of washington, so therefore, all of the nuances on foreign policy, all the diplomatic protocol, all the hand holding you have to do sometimes with senatorsand people on capitol hill, all of that would be something that scaramucci just hasnt been steeped in for his entire career, and thats why i think you might be seeing some of the sort of anxious tone of that email that i just read you a few moments ago from some of those folks. Eamon, thanks we appreciate it i know we will be back to you. We dripped into power lunch. Our thanks to our friends for letting us do that mike, thanks for being here. See you soon guys, i will hand it off to you now. I know you will continue to follow what is a developing story for the rest of this day we are leaving it on screen so you can see heres whats on the menu. More of that bombshell, major shakeup at the white house nbc reports press Secretary Sean Spicer is reportedly out he quit. Wall street veteran Anthony Scaramucci expected to be named Whi
Welcome to power lunch. Im michelle carusocabrera. The major averages are lower kicking off the busiest week for earnings but the s p tracking for its best monthly gain since february the nasdaq was on track right here, yes. Best month since january oil pushing higher, crude prices up more than 1 . We keep show l well get to that. Financials carving out small gains, utilities and health care lagging, j j, home depot, the biggest losers in the dow right now. Some of the big movers pandora higher on news of state pajama makers, maybe not blue apron, we finally get it, soaring on positive comments but hasbro is tanking. A deeper dive on these stocks straight ahead here on power lunch. Thank you, michelle. Im tyler madison. Waiting for Jared Kushner to make a statement at the white house after his session with the Senate Intelligence Committee Earlier today. We are also waiting for the democrats to unveil what they are calling their better deal for the economy and for americans at an event
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
Anthony scaramucci is an excommunications director. This interview from the white house was recorded earlier today. So the Chief Of Staff was literally sworn in about 52 minutes ago, so he is setting in place the procedures by which he will run the white house internally. Where anthony fits into that you would have to ask General Kelly. Well talk to anthony. But lets give him more than 52 minutes and find out later in the week. We didnt need that long. Here is a quick recap of how we got here. I love the president. And im very, very loyal to the president. When mr scaramucci got the job ten days ago, the White House Press secretary, sean spicer resigned over that appointment. Then last week, mr scaramucci publicly the then white house chief of Chief Of Staff, reince priebus. He was replaced last week. That was seen as a win for mr scaramucci. But mr priebus replacement, generaljohn kelly, demanded mr scaramuccis removal in turn. Mr scaramuccis attack last week may have made that an eas
Make it in America Brian set to Showcase Companies that not only are making their products here in the usa but theyre also making money doing it power lunch starts right now thats right, melissa break out the National Anthem and send in the eagles because were going to america this week all right. Stop me if youve heard this one before the dow hitting an alltime high on this final day in july. It has been a red hot month for your money the dow, s p and nasdaq all on track for their biggest gains since february check this out the dow is now up nearly 11 this year. The ntds really banking some investor coin. Up nearly 18 just this year now, if you own these two stocks, you are probably both happy and sad today. Boeing soaring again hertz hitting the skids. They got a downgrade were also keeping an eye on oil atop 50 a barrel earlier in the session. But now it is moving lower tyler. Thank you very much, brian. Welcome, everybody im Tyler Mathisen we begin this day as we so often have in r