Expect sluggish growth. He said he wants to take that think about and rates. Oil is currently unchanged. It has been bouncing around all morning long. Yesterday falling to as low as 42. 75 a barrel. It is entering a bear market, the 21 to its peak, and dollar coinciding somewhat with oil. That is holding your a onemonth high, gaining as much as 1 over the past two weeks. Lets get an update on what is making headlines outside the business world. We are checking in with them on first world news. Has won theel special election for the house seat in georgia for the gop. She took 53 of the vote against democrats. Democrats have hoped to capitalize on debt President Trumps low approval rating. In london, the queen said the government will try to maintain its subtle relationship with european allies. She outlined Prime Minister theresa mays legislative agenda in her annual speech department. Queen carried on without her husband, prince philip. He was hospitalized for an election. In saudi ara
Good day, everybody. Welcome to power lunch. Im Tyler Mathisen. Stocks are mixed right now. Very slight gain for the s p 500. A little more for the nasdaq. The dow is off, ever so slightly, by about 6 points. Lets check out oil, getting hit hard with wti trading at its lowest level in a month, off nearly 2 at 51. 15. Melissa . Hi, everybody. Im melissa lee. Adp blowing job expectations out of the water. Announcing 290,000 jobs were added last month, far exceeding the 190,000 expected. Pimco announcing a new Management Structure for its total return etf. Current management remains in place for Pimcos Total Return Fund and President Trump is talking infrastructure at the white house. Later in the day, the president will meet with conservative leaders to Talk Health Care as well. A very busy two hours coming your way. Brian sullivan is with us from houston. Whats on tap . Tyler opened the door and im going to walk right through. He talked about oils decline. Were back in the low 50s, well
There. The price going up a little bit and the yield coming down ever so slowly. Road map this morning starts with the historic day for the eu. U. S. Markets as you just say are mixed at the premarket. The uk formally begins brexit negotiations to which britains Prime Minister said theres no turning back. Plus, betting on robots. The largest money manager blackrock changes the ways it picks stocks. And President Trump expected to sign a bill that clears the way for providers, your isp providers, to sell your browsing history. Well, one day after the dow snapped the eight session losing streak and the s p posted the best daily pormdz erformance in weeks, history is being made in uk. Theresa may has triggered the twoyear process or what could be the proyear process of britains depart chur from the eu. And this is how theyll approach trade. We will no longer be members of the single market. We are going to make sure we are going to make sure that we can strike trade agreements with countr
I want candy i love m ms and i think theres a new candy. Welcome to power lunch, everybody. Sweet moves in the market at this hour. S p erasing its march deficit going positive for the month. Seeing its fifth straight day of gains. The dow has 100 point deficit to make up to break even for the month. A few notable movers, here, expecting annual grows through 2021 and will return 8 billion shareholders. Investors dont seem too impressed. The stock is down about 4 right now. Goodyear tire also lower. It was downgraded to a neutral from a buyover at Goldman Sachs evaluation call and chipotle shares are moving higher to 2 1 4 . Tyler . Mely sarks thank you very much. Welcome, everybody. Here is what else is happening at this hour. Good news for home buyers right now, morgans rates are falling again. 30year rate dropping to its lowest level in a month, averaging 4. 4 . Not as low as they used to be, but still pretty low. The debt, National Debt that is on track to keep rising over the next
We talked about the debates on the markets. Lets go straight to the market desk where matt miller has the latest. Matt we are a half hour in and down across the board. Check out the major indexes, a little half percent of the dow jones, more than 100 points the drop. Yesterday we had the best performance from the major equity indexes in two months. This is a little bit of a reverse bound. 2075. Wn 0. 4 , if you look at the map, and i have it in the bloomberg terminal, you can see nine out of 10 Industry Groups are down right now. The only gainer and really unchanged, consumer mark it is on my touchscreen actually. Matt bismarck talking to me . Turn off your microphone. Consumer discretionary, the biggest losers. Let me tell you what happened at disney. Disney mr. Earnings for the first time in missed earnings for the first time in five years, the first in 20 quarters. Earnings down, real concern about retailers, espn earnings and revenue. Actually espn earnings up a little bit because