Happy friday, welcome to power lunch. Im melissa lee. A look at the markets this hour. Its fairly quiet ahead the threeday weekend. Marginal gains for the dow which is up by three hequarters of a point. S p level. Nasdaq is up by two. All three indices up more than 1 for the week with the nasdaq leading gains. The defense stocks keep on rolling. Boeing, general dynamics, lockheed and northrop all at lifetime highs. Im courtney reagan. Here is what else is happening. The second reading of First Quarter gdp at 1. 2 despite beating estimates its the weakest reading since the First Quarter of 2016. On the economic front durable goods falling for the first time in five months dragged down by orders for transportation equipment. A new forecast from t11 to 17 named storms during this Hurricane Season that would be above normal. Courtney, welcome. Lets hope they are wrong. It is championship time. The Pittsburgh Penguins are heading to the stanley cup finals after an unbelievably dramatic game
And how to stand out in a crowded market . We meet the firm thats using Computer Games to encourage us to buy more. Well explain how it works. And as critics blame ba for too many cost cuts we want to know is the golden age of travel over . Do you want more frills, not no frills . Let us know, use the hashtag bbc bizlive. Hello and welcome to Business Live. The no Frills Airline ryanair has reported its latest set of financial results. Europes biggest carrier by Passenger Numbers announced a 6 jump in full year net profit to 1. 46 billion. Ryanairs performance is a sign that its cost cutting measures are helping the business compete as overcapacity continues to dog the industry. Earlier, we spoke to neil sorahan, rya nairs chief financial officer. We saw our unit cost dropped by 11 last year. Excluding fuel, they were down 5 . So we are seeing unit cost savings coming through on all lines. There is a huge amount of uncertainty about brexit. There is no direction as to which way the uk
Plus moving in the free market. And the Prime Minister of india meeting with President Trump today as major ceos make their way to the capital we kick off the final trading week the first half of the year after a week where the dow and s p did hit the highs. The fifth straight week of losses for the First Time Since august of 2015 well talk more about it later on but it puts into perspective how spoiled we have been for the First Six Months of 17. Stocks up about 10 year to date total return you had bonds up as well so you didnt have to give up anything on the bond side. Theres been so little down side volatility along the way so all of those things together has been this unusually quite rally and look at what happens there theres a risk that this numbing effect is taking place i dont know if you really see that, though if you look at the data, quite rallies in the first half dont fall apart all at once and in fact you have better than average second half upside and a little bit less d
And target amendmenazon a new report says theyre to blame for keeping wages low for the american worker. Well debate that when power lunch begins right now. Welcome to power lunch im Michelle Caruso cabrera. The dow and s p 500 setting record intraday highs. Dow would be higher if not for j. P. Morgan and Goldman Sachs which are lower. J. P. Morgan reporting numbers this morning, the nasdaq is on pace for its best week in two and a half months the. Dow and the s p 500 on track to post their biggest weekly gains in seven weeks check out the movers walmart and boeing are higher on upgrades gap is higher, retail stock being added to j. P. Morgans focus list and a number of wellknown names hitting new alltime highs facebook, mastercard and ebay among them and we begin with j. P. Morgan. That story that tyler told you about. Ceo jamie dimon going off on washington during an earnings conversation call with analysts blasting the d. C. Dysfunction and the impact its having on the economy. Wilf
Overnight will be higher than the Daytime Average for this time of year. They will get higher still tomorrow. They are tempered somewhat by these gusty winds. Trans pennine route, across the east of the grampians, you will get buffeted during the rush hour. Chilly air following to the north, but further south, we could have 15 or 16 celsius tomorrow. We will start to see something potentially more stormy in the middle part of the week. More on that later. Hello. This is bbc news. The headlines thousands of Prison Officers in london and the South East Of England are to get an instant pay increase of between £3000 and £5000. Ministers said they wanted to attract the best talent after concerns the Prison Service was understaffed. Iraqi forces say theyve taken several villages to the south of mosul, hours after launching a major offensive to retake the western half of the city from Islamic State militants. Save the children warn theres around 350,000 children trapped in the city. The Chi