Nevertheless, stocks are rallying, the s p 500 back above 3000. The dollar index almost reached 99. It is still a lot stronger but it is trading at 98. 61 now and that is having an impact on other Asset Classes like crude oil. Gold as well coming off a little bit. Some of the stocks that are moving in the s p 500, Restaurant Brands and Food Companies continuing their outperformance. Kellogg up more than 10 . Also yum brands had better sales. Performers in the s p 500 are performing very poorly, losing almost a quarter of their market capitalization. Analysts saying there is nothing left right now in this company. Problem withhad a its drilling wells. They space them to close together in part of the Permian Basin and they have to get rid of some and that is causing serious issues. Guy good stuff. Governor mark carney says he is less confident about the economy amidst a no deal brexit. Since may, global trade tensions have intensified, little activity has remained a no dealhe idea of bre
Welcome to power lunch. Im courtney reagan. Lets get a check on the markets this hour. A cautious day on the street stocks trading in a narrow range. The dow managed to hit an intraday high earlier, but now were in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. Oil also tanking this hour secretary of state pompeo says iran is ready to negotiate about its Missile Program. The final trade details are straight ahead brian. Big oil story im sure well get more. Thank you very much. We have a lot to do. Lets kick off this hour from news from washington where else where once again, President Trump sparking new uncertainty about any kind of a trade deal with china that happening in just the last hour Kayla Tausche is following it. As the president s top trade officials prepare to continue negotiations over the phone and possibly in person later this month, President Trump was ambiguous when spea
Surveillance. Goodning orbit more afternoon or good morning. We saw a bit of a lift in asian stocks. Now, the stocks europe 600 down. 27 . It always honest President Trump and xi jinping can find a solution. They will sit down and we will see if we have something at the g20. The u. S. 10 year yield, the story of the day, actually, the year. The nymex at 54. 12. We understand opec may have found a date with a could meet, the first of july. Coming up, we have an allstar guest lineup. At 930, we have an excuse of interview exclusive talking luxury and the chinese of watching. At 11 30, we are joined by blackstones chief executive Steve Schwarzman. And later on, we speak to the facebook coo sheryl sandberg. But first, lets get straight to bloomberg first word news. A bloomberg scoop. President donald trump asked white house lawyers to explore his options for removing Federal Reserve chairman Jerome Powell. Happened earlier in the year, less than two months after trump discussed firing him.