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
The safe haven bid comes off. The selling in the bond market is not as fierce as the buying and the equity market, something to keep note, as the 10 year yield rises 19 basis points. Crude getting back may be half of the losses from yesterday, up by about 10 . We will see. If that can hold. Time now for globe we will see if that can hold. Time now for global exchange. Our bloomberg voices are on the ground with this mornings top stories. We begin with the markets. Stocks stabilizing globally following the deepest equity route since the financial crisis. Joining me now with more is bloombergs dani burger. s p futures hitting their upper band limit, 5 . Here in europe, we see equities gaining about 4 . Yields gaining back. But given the scale of yesterdays losses, this is no ordinary day. Is this a dead cat bounce . Volume has been a touch light. Back. Not coming yields not coming back is fiercely, as you pointed out. Overnight, it looked like u. S. Futures were heading there to lower th
Pence especially grateful to be joined today by his wonderful wife anita, who has been at his side in so many ways as he has served the people of this state and this nation and now joins him as they serve all the people of the United States at the department of energy. Anita, we are honored to have you with us. [applause] Vice President pence also grateful to be joined by so many other friends and colleagues. But most notably, the senator from texas, senator ted cruz. Thank you for joining us. [applause] Vice President pence governor perry, few americans have as long and distinguished a record of leadership and Public Service as you. It stretches back more than four decades, despite your youthful appearance. After a five year stint in the air force and a tour of duty on your family farm, the good people of texas elected you to the state house, where you served as a representative for six years. As agriculture commissioner for eight years. And then as Lieutenant Governor for the state o
That was to be my point, sir, and i will make it right now. The notion that because there is concurrently under way an impeachment inquiry before the house of representatives, that somehow makes this a nonjusticiable political notion. It is not supported by sound constitutional law or by any of the decisions of this court, and indeed, i would submit that to the extent the court has discretion in the matter, and although this court has now been given discretionary certiary power, District Courts have no such option, it would not be a wise discretion for this court to stay. This is not a request between two jurisdictional committees over who has discretion over a bill. Its not even a dispute between a president and a cabinet officer over what proper executive policy ought to be. This is a criminal proceeding, a federal criminal case against six defendants. A subpoena has been issued to obtain evidence for use at the trial, which is scheduled to begin on september 9. The court cannot esca
Prayer will be offered by the guest chaplain arch die owes ease of chicago. At the end of the day, god of heaven and earth, you bid us, lay our worries and concerns and responsibilities to rest. What time we sleep, you continue to care and provide for your creation renewal of energy and evolution and duty and peace, continue without us. Let it be, now and forever, amen. The speaker pro tempore the chair has examined the journal of the last days proceedings. Pursuant clause 1 rule 1 the chair will lead the house in the pledge of the allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible with liberty and justice for all. The speaker pro tempore the chair lays before its house a communication. The clerk the honorable the speaker, house of representatives, this is to notify you pursuant to rule , pursuant to the house of representatives, that i have served with testimony issued by the central zi