For viewers good morning and hey welcome im shale cheryl. Good morning everybody im lauren simonetti. Welcome back after the long weekend. Let take a look at how your money is moving this morning weve got well got the red arrows to show you right now dow is down 164 in preb market s p 16 and three quarters for the down siled. Nasdaq down 86. Apple premajority loss has shares the iphone maker to shave 85ed a opening bell apple big story this morning. Lets take a look at stocks and asia mostly lower but check out shanghai composite up fractionally see applicationses for tariff exemptions from companies for u. S. Imports. Breaking overnight out of europe especially london bc says to cut 35,000 jobs 100 billion in assets in next three careers. Theyre scaling back operations here in the United States especially and also in europe. Youve got red across the board in europe. Lets talk corona virus because more than a dozen americans evacuated all for quarantine cruise ship in japan theyre gett
And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then
A 2 thirds vote to convict trump and remove him from office with these amendments and they need a simple majority to pass well democrats continue to push for change calling the current rules a cover i send an amendment to the desk to subpoena certain documents and records from the white house the house managers strongly support senator schumers amendment which would ensure a fair legitimate trial based on a full evidentiary record the senate can remedy President Trumps unprecedented cover up by taking a straightforward step it can ask for the key evidence that the president has improperly blocked senator schumers amendment thats just that. Republicans are refusing to allow any amendments they say the democrats request to add new evidence as proof that the impeachment case is flawed. The 1st thing that the house managers have done upon arriving finally in this chamber after waiting for 33 days is to say well actually we need more evidence were not ready to present our case we need to ha
Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures
Quote, took proportion gnat measures in selfdefense under article 51 of the un charter targeting base from which cowardly armed attack. President trump tweeted, all is well, missiles launches from two military bases a sassessment of casualties and damages taking place now. So far, all is well. I will be making a statement tomorrow morning, meaning this morning. We are awaiting word when to expect that statement from the president. Stock futures initially sank with the dow pointing to more than 400point loss today. Futures have paired those losses now dow futures down a few points even with those declines, the dow only down by six points. Along with the nasdaq and s p. S p was down over 50 points overnight. Right now, you are looking at positive territory for both of those. Whip saw action in crude oil oil for wti up to 63. 02. Gold prices briefly touched 1,600 overnight you are going to see 1,582. 5. The boeing 737800, not a max, crashed in iran yesterday the jet went down moments afte