Dow still 25 points shy of those levels. Six Straight Days six great sessions with the s p 500 climbing following last weeks plunge of 1 . It has come back, and then some from those levels. One of the things limiting what would be bigger gains is the price of oil, following the opec ,eeting with oil down 4. 2 below 50 a barrel once again as opec extended the production cuts but not for a full year, rather nine months. There was optimism that had been percolating that it would be longer. Oil shares today, they pulled back with many drillers and Oil Services Companies taking hits, transocean and marathon on this list. Stocks are higher today, not lower or being dragged down by these energy shares. Consumer discretionary a strong group, best buy is trading at a record, up 22 in todays session after the Company Comparable sales unexpectedly rose in part because of mario and the sales of the Nintendo Switch with Sears Holdings trading higher after the Company Reported its First Quarterly pr
And welcome to power lunch. Stocks are cutting their earlier losses the dow was down triple digits, but the s p 500 having its worst day since may 17th tech, materials are leading the declines as you see by nearly three quart oers after percent me slay . Here is what else is happening at this hour Steve Scalise undergoing his third surgery after being shot yesterday. He remains in critical condition. The senate stepping up sanctions against iran and russia. The house needs to vote on it. More and more ceos speaking out, urging President Trump not to reverse u. S. Policy on cuba. The president is set to speak about it tomorrow. More on that story straight ahead. All right, thank you very much, melissa. Lets kick it off with your stock story of the day and that is the all mighty Amazon Company in the headlines again as a report surfaces that amazon might be willing to pay up to 9 billion bucks for the messaging app slack. Now along with much of tech lately, amazon is down today off about
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And Group Retirement products. Thats why were your retirement company. Additional support has been provided by and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. Thank you. Lincoln center in new york,at Hari Sreenivasan. Sreenivasan good evening and thanks for joining us. The weekend after Senate Republicans delayed any votes on their bill to repeal and replace president obamas Affordable Care act, Trump Administration Officials Say theyre optimistic a compromise is within reach. Today, health and Human Services secretary tom price said after the july 4 recess, he believes Senate Majority leader Mitch Mcconnell will get legislation that could Lower Health Insurance costs back on track. What were trying to do is bring all of those prices down. Everybody. Premiums in this nation have doubled over the past four years, up an average of 3,000 dollars for the average family. Thats a tax on everybody. Sreenivasan one hurdle to secur
The usb memory stick. He sold the firm for 1. 6 billion but describes it as one of his biggest regrets. Stay tuned and well tell you why. And as Lab Grown Diamonds become more popular, today we want to know, would you mind if the diamond in your Engagement Ring was man made. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Later today the uks trade secretary liam fox will be in washington to discuss a Preliminary Trade Deal ahead of britains departure from the European Union. A final Trade Agreement cannot be ratified until the uk formally leaves the eu, but the two nations are keen to lay the foundations for what the us president expects to be, a very, very big deal. In an interview with the bbc, mr fox said that uk us trade is currently worth nearly 220 billion. But this could increase by as much as 52 billion if Trade Barriers between the countries are removed. For now though the Process Cannot Begin in earnest because the uk is not permitted to hold