Welcome to power lunch. Im melissa lee. Lets take a check on the markets. Out of the gate pulling stocks lower, we hit threemonth lows on the dow, as well as the s p 500. We are off session lows now. The s p higher by about 16 points from lows today. Banks gets hit hard again. Third day of lossesment this of course ased of a slew of bank easternings that start tomorrow. One bright spot in narcotics. Utilities are holding up nicely. Up by 1. 8 at this hour. Thank you very much. Welcome, everybody. Heres what else is happening right now. Worlds longest reigning king has died passing away today at the age of 88. He took power back in 1946. Amazon hiring 120,000 holiday workers this year. Thats up 20,000 from just last year. And u. S. Jobless claims now at a 43year low. The 84th straight week that claims have come in below 300,000. Got a big two hours ahead and we kick it off with this big move down in the market. Though not as far down, bob pisani, as earlier today. Weve come back. Weaker
Innocence of death and the imperative of replacing hate for something better. The middle east today, my friends, is still marred by the sounds and spectacle of violence, but it need not be. Because the region is also pulsating with life. It is the home of populations that are energetic, youthful, forwardlooking, and far more interested in plugging into the World Economy than slugging it out with historic foes. It is in them than we place our faith. It is for them, and for their horizons that we dedicate a collective efforts. And it is with them, that the United States of america is determined to turn back the destroyers and build a future that is characterized by prosperity, like peace and by dignity for all people. That is a worthy fight. Thank you all very, very much. [ applause ] coming up this afternoon at 3 30 p. M. Eastern time, a confirmation hearing for nominees to a number of Foreign Policy positions, including a new u. S. Ambassador to libya. Also before the Senate Foreign Re