And this is the one bit to show you cant afford to miss more in washington coming up also the ongoing global unrest and provirus has been the Oil Price War between opec member we catch up on the moves in the oil sector where demand stands amid the drop in travel plus i. G. M. Has announced that the company is stepping out of the facial recognition game after growing outrage surrounding the practice we take a dive into the Controversial Technology and how the firms stock is reacting we have a fact show today so lets dive right in. And the United States has officially entered a recession in february of this year ending 128 months of economic expansion which was the longest run in more than 150 years. According to the National Bureau of Economic Research now the announcement from this organization comes much earlier in a recession than they generally like the any b r wrote about the situation saying the unprecedented magnitude of the decline in employment and production and its broad reac
Inequality under attack. My story about the dream of making it on your own is so important. We should be celebrating it, not taxing it into oblivion. Kneel talked about it, we may changes to our show, the network how it looks, one thing has not changed the mission to help you achieve your american dream. Well start right now on making money. Charles weve been drifting higher and higher as the session has gone on on the highs of the day. After the Trump Administration latest trial balloon shot done by everyone. The white house could be considering banning u. S. Investments in china. They talked about delisting chinese stocks from u. S. Markets. I want to take a deeper look and bring in david dietze, point view wealth management. Also erin gibbs the cio at i get it, we have a lot of funky chinese names, ironic they dont go you there the same scrutiny as american names, the idea of delisting all of them i thought it was nuts. I know it was a trial balloon but i thought it was nuts. Invest
Limits on u. S. Portfolio flows into china by delisting companies here in the u. S. The nasdaq is down by more than a percent. Take a look at the chinese stocks alibaba sitting at session lows down by five and a quarter percent. Eamon has been following this story and joins us reporter my understanding is those reports that cross earlier today got the markets attention are accurate the white house is considering measures that would limit port po folio flows from the United States into the Chinese Companies but and theres a big caveat here. Its a lot of different ideas on the table. Its not clear when a decision would be made or what that decision would look like or what the mechanics of this would be how could this play out in theres one option already out there thats been under discussion thats a proposal for a number of senators. You see them here including senator marco rubio of florida called the equitiable act. What that would do if passed is allow u. S. Regulators to have access
S p 500 ended in the red check out these moves from citi, bank of america, wells fargo and jpmorgan all in the green. Few days ago rates were plunging birds and cats were living together now look have the banks turned a big corner i dont know about dogs and cats living together if you had to be a cat or a dog i think of myself as a dog. Its not a good question to answer on tv lets go to the markets i think what happened everything got ahead of itself. You go back to tuesday i think before memorial day we power pitched southeast banks. Citi, you know what boring market, slow week, into a holiday, market will rally tl tee gott ahead of itself. When citi discount at that discount tangible book its been a buy. Thats whats happening. I dont think again the landscape has gotten better for the markets. The trading landscape in the short term has does citi have more room yeah well undershot to 61. The head wind that they face still exist today. There are some rays of sunshine based on what the
Impacts on housing the states where it may be time to put up the for sale sign. Power lunch starts now im Brian Sullivan a great year for investments keeps Getting Better if you just owned the s p 500 this year, you made more than 25 . If you owned bitcoin to start the year, you made a lot more. Bitcoin up 1664 , but thats nothing. Ethereum, a bitcoin competitor, up more than 7 600 this year. Light coin up 88 today. Mattel is taking a hit, two weeks before christmas the toymaker warning about its holiday quarter. Disney and 21st century fox higher an announcement on their deal could come thursday. Tesla higher as well getting its biggest preorder yet for its latest semiautonomous truck. Pepsi ordering 100 of them all those people could not be wrong on the cryptocurrencies, could there . Wait, theres not that many of them who said shopping malls in america are dead europes biggest Property Company making a big bet theyre alive and well, 16 billion for westfield. Amazon expanding its clo