Power lunch starts right now. Welcome to power lunch. Hi, everyone. In today for kelly evans. It has been a long road back, but the s p 500 right now is near those record highs from february. About 1. 5 away. But as the nasdaq lags the browder market, check out some of the cloud names under pressure. Cloudflare, dropbox, zoom, and docusign. And you can see these moves playing out the industrial sector slee sector is leading the way as is energy. Tyler. President trump signing a number of executive orders over the weekend to expand relief efforts amid the coronavirus pandemic. As congress failed to get a deal done. Steve liesman looks as what the impact of these executive orders could be. The president s orders over the weekend getting mixed reviews today from economists. In just the past hour, jp more conpublished a report saying, quote, the executive orders could reduce the urgency for congress and the white house could get a more comprehensive deal done. If this is all we get for a f
all-time highs for the dow and s&p within striking distance. but we have a tale of two tech movers. twitter shares are soaring on strong user numbers. peloton plummeting. no sleep as casper is set to make its debut here, pricing at the low endi, far from unicorn status. the february rally rolls on. the dow is on track to open at an all-time intraday high. china says it will cut tariffs on $75 billion on u.s. products in half, follows a similar move by the u.s. following the recent phase one signing. however, also being seen as a move to boost confidence amid the outbreak of the coronavirus and resulting economic impact. mnuchin is on tape saying the u.s. is probably not going to see 3% this year largely because of boeing, so a couple headwinds. yeah. look, these remarkable days i think have largely been china-related in a positive way. china seems to come in every day and do something china cutting v.a.t. the other day, injecting $75 billion, before that china injecti