I want candy i love m ms and i think theres a new candy. Welcome to power lunch, everybody. Sweet moves in the market at this hour. S p erasing its march deficit going positive for the month. Seeing its fifth straight day of gains. The dow has 100 point deficit to make up to break even for the month. A few notable movers, here, expecting annual grows through 2021 and will return 8 billion shareholders. Investors dont seem too impressed. The stock is down about 4 right now. Goodyear tire also lower. It was downgraded to a neutral from a buyover at Goldman Sachs evaluation call and chipotle shares are moving higher to 2 1 4 . Tyler . Mely sarks thank you very much. Welcome, everybody. Here is what else is happening at this hour. Good news for home buyers right now, morgans rates are falling again. 30year rate dropping to its lowest level in a month, averaging 4. 4 . Not as low as they used to be, but still pretty low. The debt, National Debt that is on track to keep rising over the next
Recent high. Stocks bounced back from there. And now were just bouncing around. In fact, the main story today is that volatility is clearly back in the market. In fact, if you look at the volatility index it has hit the highest level in about two years. Now, look, i know this looks scary on the screen. But many investors say this is a perfectly normal thing to happen. If you really think about it, we had a stock market rally for eight years now. And the markets are overdue in many metrics for a correction here. And you layer on top of that a very strong jobs report which we had last week that showed wages were increasing, that stoked fears that the fed would actually raise rates faster than anticipated. And that would drive some investment actually out of bonds and into other assets like sorry out of equities and into other assets like bonds. So thats whats going on here. Look, it is anybodys guess as to what happens from here. We could see another drop. I spoke to some investors today
Disaster, as did the white house. Now, why is that a disaster . Its only a disaster if you view your job as basically protecting the president and not finding out the truth. These are the same democrats who never wanted to start an investigation. These are the same democrats who blocked our subpoenas or tried to block our subpoenas back in august. They tried to block our ability to go and get the records from fusion gps that led to a lot of discoveries in this investigation. So these are not honest actors. They were theyre not being honest actors. Ali, with a good morning to you. Lets get a sense of the mood at the white house now in the aftermath of the release of this memo. Well, good morning, alex. I think that the president actually was talking yesterday in the oval office as that memo was coming to be released to the public. And he said then its a disgrace whats happening in this country. He said people should be ashamed. So hes not necessarily tamped down on the politicization of
More on that in just a moment. Were also learning about a new plea deal tonight. Paul manaforts former soninlaw reached a plea agreement with the u. S. Attorneys office in los angeles over real estate deals. Sources tell cnn hell be required to cooperate with other investigators and it comes as we mark one year since special Counsel Robert Mueller began investigating russias interference in the 2016 election. President trump today sarcastically tweeting congratulations, america and as he has tweeted 41 times over the past year, calling the investigation a witch hunt. A baseless charge the president returns to every chance he gets. Its a total witch hunt. Ive been saying it for a long time. They have this witch hunt. They have this witch hunt. Its a witch hunt. Thats all it is. They have phony witch hunts. Its like a witch hunt. Its like a witch hunt. Witch hunt continues. Entire thing has been a witch hunt. This is a pure and simple witch hunt. The Mueller Investigation isnt a witch hu
Thats as politico reports that the team trump that team trump will hold a series of prep sessions this summer to get the president ready for a potential interview. More on that in just a moment. Were also learning about a new plea deal tonight. Paul manaforts form eer soninlaw reached a plea agreement with the u. S. Attorneys office in los angeles over rae real estate deals. Sources tell cnn hell be required to cooperate with other investigators and it comes as we mark one year since special Counsel Robert Mueller began interfe investigating russias interference in the 2016 election. President trump today sarcastically tweeting congratulations, america and as he has tweeted 41 times over the past year, calling the investigation a witch hunt. A baseless charge the president returns to every chance he gets. Its a total witch hunt. Ive been saying it for a long time. They have this witch hunt. They have this witch hunt. Its a witch hunt. Thats all it is. They have phony witch hunts. Its l