Answers as power lunch from d. C. Begins right now. Welcome to power lunch. Here is what else is on the menu today. So much for d. C. Drama crushing the markets. Investors shaking off the political turmoil for a day. Is it rally on again . And for how long . Plus, for foot locker today, no thrill of victory. Just the agony of defeat. This stock sinking and smelling like an old shoe. Two allbeef patty special sauce pickles onions all sesame seed bun for mcdonalds. The burger boom alive and well on wall street. Brian . Kayla, thank you. And i want you to know im keeping your desk clean. Ive been using it. A one of the wildest weeks we can remember. The president getting ready to depart for his first overseas trip since taking office. Reporter when he talked to white house officials about the trip they used words like historic and words like reset. Both in terms of domestic politics with a tough week in washington, d. C. And in terms of the International Picture and resetting the debate i
Security. Some day we had to make the move and we decided to make the move. Some travelers were detained at airports across the country after they were denied entry. On monday trump played down the number. He said a computer outage as well as protesters were causing problems. He said all is going well. The Senate Democratic leader condemned trumps action calling them mean spirit and unamerican. Trump criticized him for appearing to cry and called his tears fake. A spokesperson for Barack Obama Says he supports be ongoing protests across the country. He disagrees with the notion of discriminating of individuals because of faith or religion. Theres been strong reactions in southeast asia. The country has the worlds biggest muslim population. Theyre not subject to the ban but they call the decree misguided. Translator we deeply regret this action as it runs counter to global efforts to fight terrorism and manage the flow of refugees. It is wrong to connect such acts and such behavior with
Security. Some day we had to make the move and we decided to make the move. Some travelers were detained at airports across the country after they were denied entry. On monday trump played down the number. He said a computer outage as well as protesters were causing problems. He said all is going well. The Senate Democratic leader condemned trumps action calling them mean spirit and unamerican. Trump criticized him for appearing to cry and called his tears fake. A spokesperson for Barack Obama Says he supports be ongoing protests across the country. He disagrees with the notion of discriminating of individuals because of faith or religion. Theres been strong reactions in southeast asia. The country has the worlds biggest muslim population. Theyre not subject to the ban but they call the decree misguided. Translator we deeply regret this action as it runs counter to global efforts to fight terrorism and manage the flow of refugees. It is wrong to connect such acts and such behavior with
Stocks today did move further into record territory if only by a little. The s p 500 and the dow eked out small gains extend the sharp rally weve seen oaf the past two weeks and this comes despite concerns about the pace of Global Economic groh today. Dow jones industrial averap 24 points. 13 to 18 irks 372. Nasdaq, x that has not hit new highs, lost 17 today. The s p 500 however did squeeze ou so, why are stocks up so m whats driving the rally . Traderng when the u. S. Has shrugged off their post brexit worries. This has happened so fast that many traders cant figure out what happened. But theres three major explanations coming from the trading community. T is that this is all about Central Banks continues to keep rating lower for longer and who can blame traders for thinking that . N japan, talk of bailouts of italian banks. More bond buying and rate cuts the u. S. Stock market is the best guy buy of any asset class. The marginal buyer looks at the low rates. Fore pouring into our ma
Stocks today did move further into record territory if only by a little. The s p 500 and the dow eked out small gains extend the sharp rally weve seen oaf the past two weeks and this comes despite concerns about the pace of Global Economic groh today. Dow jones industrial averap 24 points. 13 to 18 irks 372. Nasdaq, x that has not hit new highs, lost 17 today. The s p 500 however did squeeze ou so, why are stocks up so m whats driving the rally . Traderng when the u. S. Has shrugged off their post brexit worries. This has happened so fast that many traders cant figure out what happened. But theres three major explanations coming from the trading community. T is that this is all about Central Banks continues to keep rating lower for longer and who can blame traders for thinking that . N japan, talk of bailouts of italian banks. More bond buying and rate cuts the u. S. Stock market is the best guy buy of any asset class. The marginal buyer looks at the low rates. Fore pouring into our ma