Cases and new york has opened its first drivethrough testing facility the doctor behind that program is going to join us in just a few minutes here kelly. All right bill, thanks our team of reporters is covering this story for us bob pisani is watching this rally fade and then try to come back today Rick Santelli is tracking the bond market where yields are moving up. Eamon javers is at the white house awaiting a press conference from Speaker Nancy Pelosi any moment now and from President Trump at 3 00 p. M. Eamon, what can you tell us . We got new information from the white house. The president was scheduled to hold a meeting with ceos and got as list of the ceos here and this gives you a sense of what the president is working on right now. Theyre saying that it included in this meeting are richard from walgreens, Brian Cornell of target, Doug Mcmillon of walmart, Steven Rokowski of quest, matt from roche and a number of other ceos i apologize for butchering some of the names in the p
On the consumer. We will dig into the fallout there as power lunch starts right now. Tyler, thanks. Welcome to power lunch, everyone stocks are selling off hard for the second day in a row. We are near session lows right now with the dow down about 600 points thats a 2. 4 drop for the dow for the s p the nasdaq down 2 today but if you add up yesterday and today, all three of these averages are down about 5 in just those two sessions. Take a look at some of the moves weighing on the dow. You have boeing, United Health, visa down 4 we were just discussing United Health a lot of different challenges there. Lets go to the New York Stock Exchange with a run down on todays selloff. Hi, bob. Kelly, an old saying on bleet if you cant trade on the fundamentals, trade on the technicals s p 500 the last two days this was yesterdays low, midmorning, another drop volume picked up, trading on technicals this happened a little while ago and the cdc announcementadded to new lows for the day. New lows
Economies . E two largest President Trump removed the threat of new tariffs supposed to go into effect suny. And he rolled back some others as well. But not all of them. M beijine promising to purchase american agriculturalg s. Its an event investors have been waiting for. While sedcks ral sharply yesterday on reports of agreement today they moved only slightly higher but enough forra relose on the nasdaq. The Dow Jones Industrial average added three points to 28135. The nasdaq was up 1 and the s p 500 was up just slightly. Both countries spoke about the phase one deal today. One offering up more details than the othe we have two reports tonight. Eunice yuan in beijing butbe at the at the white house. E after nearly three years of northbounding President Trump today hailing the first phase of a china trade deal as phenomenal. Iaaffectionately the farmers have going to have to buy larger tractors because it means a lot of business, a tremendous amount of business. The u. S. Says chio ha
Edwin star, war, what is it good for. Welcome to power lunch, im Tyler Mathisen and i date myself proudly, ladies and gentlemen the dow at its low, now down 123 or about a half percent. But why . Well, its basically boeing and caterpillar. S p 500, it is higher by about a fifth of a percent and nasdaq higher about a half percent. Those are sitting at record levels the nasdaq, i should say, despite the hurdles facing big tech as the doj takes aim at the industry more broadly launching a broad review of Big Tech Companies over fresh anticompetitive concerns. Elon moy with more the Justice Department plans to look at three areas of concern. Are the Big Tech Companies stifling innovation or harming consumers . The doj said there are widespread concerns about practices related to search, social media and some retail the doj does not name specific companies, but google, facebook, am amazon and apple could get caught up in this. Without the discipline of meaningful, marketbased competition, d
This song cannot be played enough this time of year its the best new original Christmas Song it is outstanding good morning a warm welcome to Worldwide Exchange on cnbc. Its december, happy christmas i can start saying that now. It is im wilfred frost im Courtney Reagan in for sara eisen ive been celebrating for a couple weeks now you were celebrating thanksgiving initially its a blend. Courtney does do the best internal decorations her desk is epic its pretty good. I may have to sit at it later and take a picture and say its mine you can claim the credit and move on. Lets check the markets we did mention at the top of the hour that futures are pointing to a lower open after another record day on wall street. You can see the dow jones is positioned to open lower by 19 points if it were to open now, we know we have 4 1 2 hours to go. S p 500 and nasdaq pointing to a lower open we got this delay in the Senate Tax Reform bill passing late yesterday. As we look at whats going on with the t