Now. Power lunch starts now thanks welcome to power lunch broadcasting from a secure and undisclosed location the nasdaq on pace for its first negative week since june lets go to bob for more on the marks. Bob. Choppy trading but very narrow trading range bio tech sb flat energy, oil has been hugging 40 for a month now. Were down today but up overall in the week. Banks are down but up on the week and had a pretty good week. Amazon down about 8 this week one of the worst week its had in a long time all the damage in netflix has opinion today. The problem is when you have megagabe kaplerture ecagabe kacm players. Thats a head and shoulders, folks round trip the same situation with netflix, really netflix was 500 a couple of weeks ago. It goes to 580 and then its back down to below 500 thats another semi head and shoulders. We keep trying to get over 3230. Were just keep knocking on the doorp that guys have a good weekend. The same to you the Trump Administration is ramping up its rhetori
Surveillance today on television, on radio. We welcome all of you worldwide, across this nation, where the linkage, the urgency that we see within our politics and our economics is truly front and center. Get out the calendar. I believe it is 23 july, and this is a nation staggering to the first week of august. Jonathan what urgency . It is sunshine and rainbows in the equity market. In washington, d. C. , we havent seen the urgency we actually need. There are a lot of people still out of work. This market is in a lot of pain, and it is not going to heal as quickly as we needed to. In about 30 minutes, initial jobless claims set to come in at around 1. 3 million again. We need to see much bigger improvement. Tom that will be a key statistic of the week. Rule number one in the equity market is follow bonds. I continue to see yield compression, lower yields and flatter curves. Jonathan sunshine and rainbows lisa sunshine and rainbows very much funded by real yield that is negative by the
And holidaying at home as friends demick forces singaporeans to look. On their shoulders. By british welcome to news asia its good to have you with us said of minis marking 75 yeahs of the dropping of the atomic bomb on hiroshima what affected by an unfolding tragedy of our times the covert 1000 pandemic scheme to back events meant fewer people in attendance with many survivors watching from home to reflect on a watershed moment in history that came at the cost of some 140000 lives. Most of all. Thank our eldest 61945 a single atomic bomb destroyed iraq. But all of that i doubt there will. Come a high coronavirus will not stop me from campaigning for a world free from Nuclear Weapons nothing. Like when you think about that time its tragic and cruel it should never happen again. But you know about it on your you remember that nothing of great here for 7500 years. And of you i must of. Course just know i know yet hiroshima recovered becoming a symbol of pace with people from all around t
House hearing on the lessons being learned from the coronavirus and how its affecting critical supply chains. Live coverage here on cspan3. Community safe, all started to become familiar with navigating this technology, i do want to remind members of a few procedures. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Members and witnesses must have their cameras on at all times. Weve got to keep track of you even if you step away from the proceedings. Please leave your camera on rather than logging out. Finally as you know, we may have votes during todays hearing. It looks like theyre going to be later. If we do have votes, it would be my intention not to recess. Members should vote when their group is up and come back immediately. If your turn for questioning comes up while youve stepped away, i will get back t
Row. Weve got fox Business Team coverage. Blake burman at the white house. Hillary vaughn and Edward Lawrence in washington. Well start with blake. The latest on reaching a deal for covid19 relief. Blake. Reporter hi, jackie. Every afternoon around this time we say there is another big meeting up on capitol hill. Let me start by saying there is another big meeting up on capitol hill. Treasury secretary steve mnuchin, white house chief of staff mark meadows are negotiating with the top two democrats Chuck Schumer and nancy pelosi. Walking into the meeting mnuchin and meadows were quote, unquote, hopeful. According to sources im told during yesterdays meeting, those two, mnuchin and meadows impressed upon schumer and pelosi if there is not significant progress in the upcoming days, that could increase the possibility that President Trump would go ahead and use executive action. That is why one source described the meeting that is taking place up on the hill right now as quote, unquote, b