Explaining that. Later, in honor of valentines day, tim seymour is going to do his best cube ed impression and tell you which storks on wall street you should love power lunch begins right now. Thank you, tyler welcome to power lunch, everybody. Im kelly evans and stocks are pulling back from record highs major indexes are still on track for second week of gains in a row and best month since june. Dow down about onethird percent now. Look at boeing one of the reasons why near session lows and down more than a percent on news that united says its canceling all 737 max flights until september now. Boeing down 1. 25 . Get to bob pisani at the new york stock market looking at damage done to the s p below the surface. Bob . Yeah. Boeings not helping caterpillar, ibm not helping today. Pointing out, kelly the right. Still up 1 for the week despite all these concerns she you the s p for the year new highs the other day. 4 were gain for 2020 so far thats quite impressive given all the issues w
Quite a morning for news thank you, eamon javers, thank you, art cashin and mike santoli. Thats it for squawk alley. Fast money half time starts right now. All right. Well pick it up with our continuing breaking news on these developments welcome to half time. We begin as i said with the breaking news this hour. Your market picture, that sudden selloff on stocks that former National Security adviser Michael Flynn charged today with ply r lying to the fbi is prepared to testify against the president , his campaign over russia this as republicans in the senate try to get to the finish line on their new tax plan all of that impacting your money and the markets. Our reporters are standing by in washington to cover all of those developments eamon javers is on the north lawn of the white house once again for us john harwood in d. C. And ylan mui at the capital we begin with eamon. Within the past few moments weve seen Michael Flynn departing the federal courthouse at 3rd and constitution str
Wednesday october 12, twonet 2016 and the time is 901. Roll call. Cuv covington, here. Cleveland rkts here. Nakajo, here. Hardeman, here. Joanne hayeswhite, here. Public comment. Speakers address the remark tooz the commission as a whole and not individual xhirgzs or personnel. Commissioners dont into debate with a speaker, the lack of response by commissioner or Department Personnel does not constitute agrumentd with or support statements made during Public Comment. Thank you, madam secretary. Excuse me. Is there any member of the public that would like to address the commission at this time . Welcome. My name is catherine [inaudible] as members of this department there are additional allegations regarding the station two situation that hasnt been addressed or investigated. I respectfully request the administration the elephant in the room and Management Practices which are the bigger picture. For the record, i worked and been in dangerous situations with the accused and never felt ha
Filled with companies that really have a hard time adjusting to regulation and that a lot of regulation is put through by Big Companies, and these are the companies that suffer. When you are in the Waste Management business, Waste Management is able to go to every single state and put through rules that make it so if you are less capitalized, you cant compete. Thats a very good example of what i see happening in the russell 2,000. These have been secular losers ever since the era of overregulation. They will be secular winners in the year of underregulation. Pete. People okay. Does it help confirm the rally . I dont like the word justify the rally. The rally is the rally. Weve gone where weve gone. 100 agree with you. People are looking for everything. Whats really moving in this marketplace . Its the big caps. Its the small caps. Its the midcaps. Weve had its a diversified rally. Yes. Thats what makes it so interesting, right . Its financials. Its energy. Its metals. Youre getting a l
Stocks can get back to their winning ways. We are about one hour away from the close of trade on this tuesday. It has been an upanddown day. We have been above the green on the s p for the third time. Julie hyman is at the markets. Julie a lot of bouncing around. We are indeed on the green. As we have seen all of this volatility. If you look at the course of the at theat we have seen s p 500, if you look at the intraday chart, you will see all of the upanddown, above and below the unchanged line several times throughout the course of the session as investors figure for marketses next and the economy. If you look at the sectors, material shares have been consistent today. Weve got earnings from a number of companies. Part of that index coming out with earnings or forecast. Health care up well and energy remains the laggard even as financials have been volatile in the session. Financials had been underperforming. Some of them are recovering. Correlationlso no between oil and stock. Julie