Of apple power lunch starts right now welcome to power lunch. The green bouncing back. The major averages on track to end the week down about a percentage point check out shares of apple jumps on that production report. The stock is up more than 3 climbing back for the all time high of 232. 35 which it exactly one year ago today well have much more on apple a little later on. Expectations for a rate cut or two this year are on the rise this week. Federal reserve chair Jerome Powell spoke at a fed listen event. Lets get to steve who joins us from boston with the headlines kelly, the fed chairman speaking right now at one of those events with the fed taking up public commentary he is noting that the Unemployment Rate is near a half a century low which is what i would have said if the chairman hadnt said it he said inflation is running below the 2 objective its caused the economy in a good place which is the praise a lot of fed folks have used it does face some risk including low growth a
Manufacturing data this morning. Weve got full Team Coverage of todays selloff bob pisani is covering the markets reaction to that weak manufacturing data Bertha Coombs is watching the movers at the nasdaq Rick Santelli is looking at todays action in the bond market lets check in, though, where we stand. We are down 281, the low of the session on the dow was down 347. A slight improvement in the last 30 or 40 minutes or so but a significant fall from where we opened up 129 points or so lets check in with steve grasso from Stuart Frankel whos joining for the full hour. Steve, what is this . Recession fears again or is it justified to see this slippage you know, its funny, you know, im tempted to just jump onboard and say its all recession fears. And then you have the first day of the month and then you have impeachment. And then you have trade. But definitely, this is recession fears, but i wouldnt read into it as much as Everyone Wants to you have the first day of the trading month, th
Johnsons ultimatum, it says, back him face a snap election. It is a super quiet week here in the uk. We are wondering if we are going to have an early election, were wondering if the labour is going to thwart mrjohnsons bid to have an early election in order to stop and no deal brexit from going through. The question is, do you trust mr johnson . Do you trust him not to move the election date from october which is what it would likely be if he loses the vote or would he exercise his rights to hold it after october 31 . In other words, after this country has exited with no deal. Guardian talks about it being a choreographed sequence of events that took place in downing street on monday. The Cabinet Meeting and while they were meeting, the rumours we re while they were meeting, the rumours were swirling that he would come outside of number ten, stand outside the podium and announce a general election happening. Of course, it wasnt that announcement. It was a threat and a warning. Thats r
Violent seems to have settled down. But it once again underlines the countries instability. Theres deep concern internationally about this weeks on rest and which dozens of people were killed and many more injured. The African Union and western governments. According for peace, conflict and deep division, so persistent since momma gadhafi was oh, the throne 12 years ago. So whats next for the be a candle divided ation f. A b re unites has a booklet take to restore peace. Well discuss all this with our guests and just a few moments, but 1st a report from car leg on the latest 5. Its an easy come on the streets of tripoli. Days after the work fighting any yeah. Between rival sections in libyas capital. Dozens of people were killed and more than a 100 injured, a truce to cold up to one side, the special to turn forth released this man. Malcolm would comes a military commander from the 4 full full brigade on group. Analysts say hes an important figure in the battle for control of the count
Unless they did not protect him as they should have protected him. The state was in charge of finance or security. The state is directly responsible for the murder of my husband. The state still has to give many answers about everything that happened. His personal gods did not do the job. I do not want to think that i sold my husband to be noted in this way. At least 89 people are dead and moving a 1000 us still unaccounted for. After a while fires ravaged the Hawaiian Island of maui. Many, including the states attorney general, are asking why the uninstall islands didnt sound well, although were not systems fail in west africas regional block echols is to send a delegation to new jersey to try and persuade community does to step down the shares, ministry has held a meeting of its interim government and says it has no plans to see power at glass says its repaired to take military action. But the suspended i plan summit of its defense chase, us republican president ial hopefuls are atte