Your money as power lunch starts right now welcome to power lunch. Im michelle carusocabrera. Todays gains pushing the dow positive for the month all s p 500 sectors, 11 of them now, are up. Tech financials leading the way. Energy, utilities, they are lagging. The chip space is a notable rally. Nvidia, micron, advanced micro they are up. Im tyler mathisen. We begin with the fallout in charlottesville. President trump speaking a few moments ago condemning the violence and specifically describing hate groups like neonazis, White Supremacists and the kkk, quote, repugnant to everything we hold dear. This came after a member of his White House Council stepped down from the Group Following the protest on saturday. Eamon javers is at the white house and Kayla Tausche is in virginia eamon, you first. The president did what he was criticized three days ago for not doing on saturday. Specifically naming the kkk and neonazis as the problem over the weekend in charlottesville heres what the presi
We will look at chinas been on north korea and coal. We breakdown chinas trade data as soon as it comes in. And singapore looking ahead with budget announcement to do later on. From sydney we break down the latest attorneys from the minors in australia. In new york world we will be discussing krafts surprise withdraw from a merger with unilever. And a deal for bank of americas boss. 20 million for Brian Moynihan. Coming daybreak asia from the u. S. And asian headquarters, im betty liu in new york where it is just after 6 p. M. It is just after 7 a. M. In hong kong. A pretty mixed day for markets it seems on this monday. Japan trades will be the one to watch at this hour. And they will be focusing on global trade in the next two hours today. With two former trade negotiators joining us. Betty it is interesting we are talking about all of this at a time when trumps lieutenants call them are out and about in europe and asia trying to appease everyones concerns about what exactly the u. S.
Opec production report. Our road map begins with the snow coming down. States of emergency declared in new york, new jersey, pennsylvania, connecticut. Well take you live to the worst of the storm. Bill ackma th sells out of valeant, a 4 million loss. The Congressional Budget Office out with its assessment of the Republican Health care plan, saying millions will lose coverage. Well dig in on the report. First up, states of emergency declared in several states as the winter storm hammers the northeast. Already a foot of snow in parts of the region. More than 8,000 flights have been cancelled this week due to the storm impacting more than 400,000 passengers. Jim, were going to see what the impact is on the airlines. I think right now, i saw a map a few moments ago, there are only eight inbound flights to new york on the entire globe. Yeah. Look, i know we had a good report this morning, talking about whether there was how badly the quarters will be. You know, im very concerned. This grou
India relaxes rules to attract Foreign Investment. The change that is proof that they could spur growth. Follow me on twitter. That is my handle. China and hong kong markets getting underway in 30 minutes or so. Markets in malaysia are just about online. Lets get a pulse of the action and find out who was wearing which hat. David it is hard to gauge what it is at the moment. We are talking about 2. 5 on thursday. With two to three days to go until the referendum, we are entering the championship round. There is a lot more reason to be cautious especially after this rally yesterday. Mixed at the moment. In turn, you look at the dollaryen trading below 1. 04 since about midnight local time. About the yen. 225,you look at the nikkei it is well off the lows of the session at the moment. Volumes are quite thin which will exacerbate some of the moves we have seen, especially across emerging asia. Have a look at dollaryellen. N. 1. 03, the high. What you want to watch is 103. 5 5. That was th
Enters its fifth year of war. Down to the wire for israeli elections, the Prime Minister Benjamin Netanyahu making a last ditch effort to hold onto power. Venezuelas parliament voted sunday to give president Nicholas Maduro the authority to pass laws without consulting the National Assembly. The rule will be in effect for six months. Maduro says he needs expanded powers to check the u. S. Influence in venezuela. Second large scale military exercises day. President maduro says the massive drill is in response to u. S. Threats. Critics are accusing president maduro of using those threats as a power grab. They say its not first time hes done it. Al jazeeras virginia lopez is in caracas. Sweeping powers the right to pass laws without congressional approval. The fist pumping the air the cries of yankee go home. Missing was a clear idea of what his new powers meant. Translator the American Government has committed the most embarrassing repugnant and aggressive act that we can remember in our