Serving up a heaping helping of the favorite food and the names they leave as left overs we begin with what else you knew it was coming. You hear the music you see the clock. That time of year again, yes its the countdown to christmas, just 27 days, 6 hours, 59 minutes, to get all the shopping done but as we head. Favorite time of year so is guys. As we head full steam in the retail rush, one name has all of our heads scratching its amazon, the stock seems stuck, lagging peer this is year down 11 from the the 52week high as gear up for the most important time of the year for retail is amazon leechgt investor was a giant lump of coal, guy. Fifrm i love the Gwen Stephanie song it puts you in the holiday mood. I tell you people at home dont see it but i get the nastiest looks from dan. They can imagine it. Doesnt take much to imagine that. Its hump day and gobble, gobble my favorite thing ever. Best day of the year. Whats the problem with amazon technically major double tops at 2050 we ta
Hopefully some snowman hot chocolate. Maybe some this morning, what do you think . Even this afternoon, low 60s. This is where were starting with mid50s. As we check out our temperature trend today we warm up slowly from 54 degrees going to 62 degrees by early this afternoon. Well have more on this coming up. Mike, you spotted that traffic on highway 101. I did and i showed the break just before the commercial break and now the break is gone after the commercial break. Not tied together in any way. We are looking at speeds back again north. You see the flashlights. Overnight construction work going on and that was the blip we saw. These just came in to chp so waiting for them to arrive. So far the Speed Sensors look great including the approach to the bay bridge. This is the question people have been asking. Is it a crime to eat while waiting for a train . A man was cited for eating food on a b. A. R. T. Platform and now is suing the transit agency. Bob redells live for us in the east
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but
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Competition in the space. A weight loss drug promising competition for big players. Could it mean an acquisition is in the future. We will dive into it. Im melissa. Tim see more, Courtney Garcia and guy awe daumie. The nasdaq jumping more than a percent, notching the first record intraday high since before thanksgiving 2021. The techheavy index closing below 16,300. The s p also marking alltime highs putting in its 15th record close since january 1st, but there have been one notable name sitting out of the market rally. Apple posting another loss today and is now down nearly 10 since hitting its record in middecember. Whatever happened to that old idea that we like to say, bandy around here, that markets could not go higher without apple . What does it mean for the rally . Is this actually good news for the market, guys . Im one who adhered to that. Again we play the game often. Guy, if i told you that apple would be hold on. Is that a third person reference . Not the way i could have.