Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
But of course, tuesday, march 3 is officially and that is sometimes i believe intentionally that message our primary election day. Damian so, because in the past, is put out there, that no election day was the big day for people like yourself, what you do, it doesnt make that much of a difference. And now youre saying its a month before, the day of, were trying to flip that narrative, and a month after. I they are really taking strids were trying to flip to take back their power. One is with more options of how to vote, not just vote by mail or on election day, but early voting. And i really hope that as election day arrives, right, Santa Clara County is joining the list of counties implementing the voters choice act. I mean, people already have their ballots. And as secretary padilla mentioned, so, voters in Santa Clara County will have the option of voting you know, we have vote centers. I had a bill to prioritize vote centers on college campuses, anywhere they choose over the course
Can introduce john tierney contributing editor at city journal and coauthor with the esteemed psychologist of the fascinating and useful new book the power of bad how the negativity affects us and how oncan rule it and it is sale outside the room. John has long been one of the nations leading voices on the intersection ofre science and public policy. Make no mistake over calm and reasonable is the contrarian voice. His New York Times column, the big city running from the mid nineties through 2002 that first made me a fan of his work there he took on any number of prevailing myths about cities from the efficacy of rent control to the root causes of homelessness to environmental policy. One remarkablef column born from his irritation at Rosie Odonnells relentless public criticism of mayor giuliani use of Law Enforcement to get the homeless off of new york city sidewalks in the nineties. So how would the wealthy new york suburb deal with a similar problem . He let his beard grow it did no
Lets have a look at the Chinese Markets. This is where we are getting a little momentum coming to us. We have to wait and see whether volumes come through. Look at the equity markets, the range, it does seem like a lot of these investors are on holiday already. Signs of eye for more stability. 10year, and the spread pretty much at the highest level , i think, late 2018. 30 basis points. It is a quiet day across these markets. We will had to macau, 20 years since the handover. I will leave the markets here for now. Su keenan is a new york. We will start with the Central Banks, which will be making a lot of headlines today with policymakers in asia staying on hold. Bankalf a decade indonesia kept its key rate unchanged for a second straight month. Saying the economy and exports will rebound in 20 between. With governoreld kuroda echoing a more optimistic tone of his colleagues at the fed at the ecb. I think the governments stemless package is appropriate i think the governments stimulus
Lunch starts right now welcome to power hundred mp. Indices hitting high caps today. Draw your attention to shares of netfl netflix. The stock jumping nearly 4 . The giant breaking out details on its International Data showing growth in markets like asia pacific, europe, middle east and africa. Thank you very much. Sharing of boeing slightly lower right now after being down 11 of the previous 13 sessions thats a streak. Impact of its shutdown of the 737 max production on the economy, not just on boeing. It will be a big deal. Tyler, it may be hard to imagine. The negative effect could be larger than last years government shutdown. The production is off as much of a half point mar began stanley looks for 0. 8 to grow. The problem is the First Quarter was looking weak now coming closer to 1 instead of the forecast 1. 6. That would make it one of the weakest growth quarters in several years. Growth expected to rebound on production but when is an open question Morgan Stanley writing in a