Good day, everybody. Welcome to power lunch. Im Tyler Mathisen. Stocks are mixed right now. Very slight gain for the s p 500. A little more for the nasdaq. The dow is off, ever so slightly, by about 6 points. Lets check out oil, getting hit hard with wti trading at its lowest level in a month, off nearly 2 at 51. 15. Melissa . Hi, everybody. Im melissa lee. Adp blowing job expectations out of the water. Announcing 290,000 jobs were added last month, far exceeding the 190,000 expected. Pimco announcing a new Management Structure for its total return etf. Current management remains in place for Pimcos Total Return Fund and President Trump is talking infrastructure at the white house. Later in the day, the president will meet with conservative leaders to Talk Health Care as well. A very busy two hours coming your way. Brian sullivan is with us from houston. Whats on tap . Tyler opened the door and im going to walk right through. He talked about oils decline. Were back in the low 50s, well
Breaking news overnight, president obama announces that the u. S. Is lifting the longheld arms embargo with vietnam. The news that came during a press conference just hours ago. The president arrived in vietnam overnight for his first day in a threeday visit before he heads to japan for his historic trip to hiroshima. Nbcs tracie potts is in washington. Good morning to you, tracie. How big of a deal is the u. S. Lifting this arms embargo with vietnam . Reporter its a really big deal. It erases one of the last elements of the cold war, even though the two countries are not on the same page, including human rights. Despite lingering concerns about human rights, this morning president obama announced the u. S. Is lifting its near decades long arms embargo against vietnam. This change will ensure that vietnam has access to the equipment it needs to defend itself. Reporter against china, claiming disputed islands in the south china sea, and it eases vietnams reliance on russia. The presiden