Lot of money when you die, youre doing it wrong according to the author of a new book. Power lunch starts right now we welcome you to power lunch. Stocks lower the dow is down less than 50 points right now 3m and mcdonalds are two of the biggest contributors to that decline. Both reported results this morning. Well have details a bit later in the meantime, bob gets us caught up on whats been happening on the market today. Robert hello, william. Good to see you. We have one third of the s p reporting. Two stories. One is the reopening story is not going that well. The other story is cheer up. The Second Quarter was the bottom which is it . Sherwin williams knocking the ball off everybody is painting their house. The Home Builders are billing it dr horton, great numbers orders were way above expectations then theres the other side, companies saying we are not providing any guidance xerox didnt either. Raytheon didnt give any Harley Davidson was way below expectations mcdonalds were light
Spend time on and we have euro area pmis coming in a touch better than expected but im not sure if it is moving eurodollar that much. 39. 80, always a good test looking at command and what it means for the world economy. Point 1764 and we look at her earnings with a couple of disappointments in the banking sector. Joint manufacturing pmi coming in at 51. 8 instead of 51. 1. Lets get the first word news with laura wright. Laura the u. S. Plans to act against a wide range of chinese owned software companies, not just tiktok. Thats the latest from secretary of state mike pompeo speaking to fox news. On friday, President Trump told supporters he plans to ban the app. Pompeo said the decision should come soon. The u. K. Is considering the worst case in a real of locking down london according to the sunday times. It would see at risk people asked to stay at home. The local government secretary says he is not aware of any specific plans to seal off london but the u. K. Will target local flare
Testify in humanitarian assistance, upcoming election and influence from other countries. This is an hour and a half. Show of concern in the western hemisphere banned the political and humanitarian and economic crisis provoked by th moduro wih the most dangerous forces in the world over first established by his predecessor chavez. Cuba, russia, china, iran Transnational Criminal Organizations and four in designated organization to turn venezuela into their playground. Their activities are intolerable security threats to the United States and hemisphere at large and prolonged the humanitarian crisis provoked by the socialist policies of the regime. Nearly 5. 2 million have fled their homeland, placing a huge burden on the neighboring countries that generously accept that the refugees from maduros regime. 96 of those that stayed behind live in poverty with 80 facing extreme poverty. Prompting Food Shortages and dysfunctional Public Health system have condemned an entire generation to hun
Yield moving up to. 4 basis points the vix is below 22. Joining me now is marc lasry. Great to speak with you. Lets begin with the markets. You said 2020 be a onceinalifetime opportunity. Where are we in that opportunity now . Now that the first wave of buying is over, is there another way to come this year . Marc thank you for having me. There is this misconception that we have missed it. We have not missed it. Is doing really well, and that is fabulous for equities. But you have a Record Number of companies that have already filed, and they are continuing to file. It is a world of haves and havenots. Us, we are finding quite a bit to do in the u. S. And around the world. We will get to everything that you are doing in a moment, but what do you do if you feel like buying but you know it is probably not the time yet. Do you have a forecast on when we are likely to see more pain . Marc i think now is a great time to buy. You dont want to time this. In want to be able to invest situation
Show of concern in the western hemisphere banned the political and humanitarian and economic crisis provoked by th moduro wih the most dangerous forces in the world over first established by his predecessor chavez. Cuba, russia, china, iran Transnational Criminal Organizations and four in designated organization to turn venezuela into their playground. Their activities are intolerable security threats to the United States and hemisphere at large and prolonged the humanitarian crisis provoked by the socialist policies of the regime. Nearly 5. 2 million have fled their homeland, placing a huge burden on the neighboring countries that generously accept that the refugees from maduros regime. 96 of those that stayed behind live in poverty with 80 facing extreme poverty. Prompting Food Shortages and dysfunctional Public Health system have condemned an entire generation to hunger and started growth. A series of unsuccessful attempts to restore freedom in thfreedom andunless they are coy madur