And nike is replacing ceo john donahoe after a series of missteps that have cut its market share. Nonetheless, over nearly five years in charge, he s earned nearly $104 million, despite the company losing $40 billion worth of value. Another company to lose billions in value is plane maker boeing. Is plane maker boeing. Its recently departed boss, its recently departed boss, dave calhoun, lost his job dave calhoun, lost his job after struggling to deal after struggling to deal effectively with a series effectively with a series of safety incidents, including two fatal accidents. Of safety incidents, including two fatal accidents. Despite that, he got a pay despite that, he got a pay package worth more than package worth more than $30 million as he was leaving. $30 million as he was leaving. This graph marks the change this graph marks the change in ceos, and as you can see, million last year. In ceos, and as you can see, that can sometimes lead that can sometimes lead to a pretty big sw
This is the scene live in beirut, where officials say 11 people are dead and more than 100 were injured in strikes on friday. On saturday. Our senior international Correspondent Orla Guerin has the latest from beirut. Explosion this is what beirut has been enduring, massive israeli strikes that could ignite the whole region because israel killed its target, sheikh Hassan Nasrallah. For his followers, its a devastating blow, for his iranian backers, a strategic loss. The long time leader of hezbollah was a long time in hiding. This was the moment, in a new York Hotel room on friday, when Binyamin Netanyahu approved the strike on his old enemy. Translation the State Translation the state of Israel Yesterday eliminated of Israel Yesterday eliminated the Master Murderer the Master Murderer Hassan Nasrallah. We settled accounts Hassan Nasrallah. We settled accounts with the one responsible with the one responsible for the murder of countless for the murder of countless israelis and many cit
Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
The dollar down is dead, people are beginning to upgrade their forecast on the dollar. The german 10year yeilds are unchanged. A lot of volatility in the equity markets and the foreign exchange. Bond markets are remaining repressed but the Central Banks are doing what they are doing and that is no surprise. Alix a few weeks ago we are talking about 120 for the year. Let us get the latest on the virus resurgence. The french government expected to announce new measures including restrictions on alcohol sales plus public gatherings. Joining us now is maria. Dig into what we can Pay Attention to. We know that the Health Minister will give a press conference and we know that there will be more restrictions, and this is the thing to highlight, this is not for the entire country, but for the region and city of paris, because the population density is high and that is where cases are spreading fats. What they are going to say is you have to scale back social contacts with other people and when
49 cents today, 3346. You gotta see tesla, jeffries is alien that stock could go to 2500 a share, maybe 3000, its up 23 bucks premarket. As we keep saying, you are watching history. The open today, the dow is going to be down about 20 odd points, then we have the s p, its hit 17 new highs this year, itll be up again this morning, the nasdaq has hit 38 highs and up again first thing this morning. Blockbuster economic news, google good orders come up 11 . That is money, now politics. An audacious second night at the Republican Convention, the president parted a bank robber, then he surprised five immigrants making them instant citizens right there in the oval office. Mike pompeo appeared from jerusalem and niclas salmon said you cannot cancel me. But it was First Lady Melania Trump who stole the show at least for me. She walked down the white house and delivered a speech about growing up economy and is him and yearning to complement america. An immigrant who likes it here. I promise, you