Well tell you why traders are betting on an even bigger run. Later, airlines lower as they prepare for what could be a slow september the former ceo of continue nenal airlines will be with us to explain what the new normal may mean for travel stocks kelly evans is back. Welcome. Power lunch begins right now its the s p 500 sitting close to its record high now the wild market ride has brought a resurgence of the retail trader bob and kate are standing by with more. Bob, lets start with you in these record highs we are on new high watch and for the s p as well as the nasdaq and whats brought us there, thats a very familiar pattern. We have seen it many times its essentially Technology Stocks thats with megacap stocks moving on the upside sectors, its technology thats been leading the way we see banks, energy and industrials lagging there. We had many rallies in those cyclical value names banks, the energy and the industrial names over the last few months in various occasions including ab
Abramowitz, Jonathan Ferro off. Anna edwards joining us with the london perspective. The vix, 21. 59. The marketrn to overall. Yields coming in two basis points on the 30 year bond. Bond with a0 year negative yield had record interest. That is how odd that is not in the textbooks. , with a lot of things that are not in the textbooks now. The extent to which Central Banks are manipulating markets, keeping yields low, keep borrowing costs for everyone low. There is nothing normal about what we are seeing here. Incredible movement on the equity market yesterday in the United States, getting back to valentines day levels. This is the strangest recession, heard in that clip at the top of the session. The fundamentals of the economy look so daunting, but is the equity market just doing its job discounting way into the future . Tom we will have to see. It is very important to understand yields have come back. Over to a lower yield regime. Anna edwards, you have the morning brief. Anna yes i d
Things look very different than in years past. It is a Virtual Convention. Speaks come in from across the country. Former first Lady Michelle obama, senator Bernie Sanders will speak there is a republican on the list, speaking at the Democratic Convention former Ohio Governor john kasich. President trump in person will make his way to wisconsin. He will be in oshkosh trying to rally supporters ahead of the Republican National convention which begins virtually next week. The real reason we are here to speak to the voters, trying to get a pulse of the people if you will. You will hear from some of those voters in just a few moments. First our top stories with fox Business Team coverage. Blake burman is at the white house. We start with Lauren Simonetti on the markets. Lauren. Lauren connell, good to see you. The markets are closing the session out mixed. We have a new record close for the nasdaq. Apple shares, where do they end the day . They are within striking that two trillion dollar
Last 10 years. That doesnt get it done. Guess what . Job cuts. Lisa how much more can Central Banks do to juice job growth at a time of zero Interest Rates . I find it fascinating that coke is offering voluntary separation programs with its employees, read, job cuts. More interestingly, yesterday salesforce. Com, one of the winners of this, and also job cuts. Tom cocacola managing the message as they always do. I dont know what their cute phrases for firings. Lisa separations. Tom exactly. That is just as phony as all of the rest of the. What is so important in that set of announcements across the bloomberg, as they make clear this is an International Strategy to right size on 86,000 employees right now, what we really need is a morning brief. Where you start . Lisa at 8 30, ancient history, which is u. S. July income and spending data for individuals. This is very backward looking based on how quickly the jobless benefits are running out and the changing scenario. We are also going to
In danger. These are dangerous people. These are killers. They kill a lot of people. They dont even think about it. They wake up the next morning, they dont even think about it. This is the extreme lefts agenda for america. They want to appoint radical prosecutors, judges, federal officials who will set criminals free. Their stated plan is to cut police funding, abolish cash bail, close down prisons, reeducate our children, preach leftwing social justice, establish a National Sanctuary for criminal illegal aliens and abolish the death penalty, even for cop killers. No one will be safe and in fact they want very much to let people in prison, like as an example, the boston bomber. They want to let everybody vote. If youre in prison, if youre the boston bomber, they have want you to have a vote. I dont know. I dont think that sells too well. My administration is a very different approach. We want states to work with us, to deploy the National Guard to quell the unrest. All they have to do