The dogs on the street well tell you if theyre worth taking home. This tailwagging edition starts right now. Who let the dogs out welcome to power lunch. Im melissa lee. Well have nasdaq on track to break a twoweek losing streak, take a look at the gains the dow is up by about 9 points, s p by 5, nasdaq by 25 oil seeing a bit of a bounce, lifting shares for a change. And look at bed bath and beyond shares theyre plunging today. In fact, a sevenyear low down almost 12 and fast food giants mcdonalds and yum brands at high numbers court. Thanks, melissa for the First Time Ever the Affordable Care acted has topped the 50 . Again, once you give people something, even if they dont like it, its hard to take it away Kayla Tausche has the latest. Call it the art of the Health Care Deal part 2 the expectation is that the president , much like he did with the house version of the bill will now take matters into his own hand i just spoke with the principal debt secretary Sarah Sanders repealing an
Source at i. C. E. I am told agents have more leeway to operate under Trump Administration than under obama, agents are going after undocumented immigrants who committed crimes and have no desire to separate mothers from their children. Coming up at 6 00, the efforts that one local organization is taking to make sure that immigrants in the area are prepared for anything that comes their way. Live in annandale, Jeff Goldberg, abc7 news. Alison thank you very much. Meanwhile today on a related noted, the Associated Press learned about a proposal. This was to use up to 100,000 National Guard troops to round up socalled unauthorized immigrants in 11 different states. Now the white house quickly dismissed this report. Said it was 100 false. The department of Homeland Security says it was an idea never seriously considered. Larry . Larry well, President Trump toured the boeing plant in South Carolina this afternoon before heading to florida for the weekend. But today a lot of people were sti
Also, we have had a strong run of gains for the major averages. Five straight weeks of gains. So now we are sort of hovering. There is a positive momentum as the s p and dow gained slightly. The nasdaq down very slightly. If you look at the s p 500 over the past week, it is not just today that we have seen this. There has not been that much of a change. Down about 10 about 7 10 of a percent. Even take a look at volume again today. If you look at the bloomberg, volume versus the 20 day average for all of the groups in the s p 500. All of these bars are down particularly energy. More than 40 drop in volume. Utilities, financials and health care seeing a 40 drop worse is the 20 day average. It is across the board. It is not it does not just feel like, it is lower than typical trading activity. Alyx is there a flight to safety in this Light Trading day or light across the board . Julie there is. You would think with little activity in stocks there would be little activity elsewhere and tha
Labs. There were promises that her company is going to survive. From bloomberg World Headquarters in new york, we are about 30 minutes into the trading session. I want to head to the markets desk where julie hyman is. It has been a mixed bag of earnings. We are at the hyatt the market. Julie we are at the high this session. That is partly because of earnings, partly because of a rally in energy and material stocks. Those are the best performance rear watching today. The nasdaq is lower at the moment. The s p and dow are holding on to their gain. The dow extending gains from yesterday, a ninemonth high. The nasdaq was at the highest of the year as well. It had paired its declines for the year to less than 2 . You can see it is lower today. It is now down a little more than 1 on the year. The s p and dow are higher and that climb is building. We should point out if you look at the s p by a couple of other measures including its total return index which fasters factors in dividends or equ
No frost, indeed. Cloudy, gray day. The breeze will begin to increase to northeast. Damp feel in the upper 50s by noon. Look for on and off rain. Vary in intensity. Gets a little heavier towards the end of the day. Lets find out about the commute. Roads are looking pretty good. Quiet out there. Live look outside at the Brooklyn Bridge where we have ongoing road work. Were not seeing any delays in this area. Enjoy that while you can. George washington bridge, construction has wrapped up and delays have eased out. If youre headed to the lower level, keep in mind youll need to use your ez pass until 7 00. Breaking news in patterson, new jersey, right now. More than 100 firefighters are battling a five alarm inferno. Still burning at Market Street Tracie Strahan is live with a story thats been developing. Reporter absolutely, michael. Even though you can see the smoke shooting from the abandoned armory, the heavy volume thats giving firefighters trouble is several feet below ground. Show y