Good evening, everyone, and welcome. Sue herera is off on this very chilly night in new york. But it was not dramatic and overly stressful. There were record highs along the way but when the bell was rung today and books were closed, winning streaks were snapped on wall street. The dow and s p 500 had their first weekly losses in two months. And the nasdaq posted its first weekly loss in a month and a half. As for today, the dow lost 39 points to fish at 23,422. Nasdaq actually eked out the slimmest of gains and s p dropped two. Dom chu tells what happened this week and what may be next. Stocks can go in value though its been such a long time since weve seen any kind of downside move that many have forgotten that. To be fair, it wasnt like it was a massive panicstricken selloff in stocks. Dow did hit a record high just on tuesday. But its been a slower drift lower since. The dow and s p 500 broke an eightweek winning stream and nasdaq a six week of gains. Meanwhile, financial and Telec
More important for retail eers. What do they it like . What do they hate when it comes to retail . Power lunch starts right now. Happy monday. Im melissa lee. The dow, s p 500, nasdaq posting their best gains of april but that got wiped out. Stocks are moving higher, though. Some stocks were watching this hour tesla, the electric carmaker, now the most valuable u. S. Ougautomaker. And shares of rentacenter soaring. They say they are not exploring a sale, despite coming under pressure to sell. President trump set to meet with some of the nations top ceos tomorrow. 27 billion for toshibas computer chip business. As we head into the driving season, up 9 cents over the past two weeks to 2. 43. Michelle . They want the mon y back. Wells fargo chairman speaking about it first to wilfred frost. Exclusively. Lets get to the story, the board has reclaimed a 47 million off pay on top of the 19 million. And terminated her for cause. Here is chairman sanger who oversaw the board review. The root c
Morning cover story. Fidel castro, it seemed as if he loved Nothing Better than to poke us in the eye. Thanks to him, for more than half a century, cuba, a tiny island, has been the tail wagging the dog where u. S. Politics and policy are concerned. Ahead the death of fidel castro, the provocateur is gone but for the United States the legacy remains. Pauley back is business as usual, show business, a lady who rocks. Lady gaga by name. Will be talking to lee cowan. Shes reinvented herself so many times. Hold them like they do it in texas seems like. Youre more lady now than gaga. Does that make sense . Sewed. What about tomorrow . Her latest in carnation. Ahead on sunday morning. Pauley a one man Fringe Movement has been making his mark. So much so that its caught the eye of faith saily. If i were to tell you that ben venom makes understated and ocean going art quilt id be lying. Do you picture your quilts like wrapped around something . Yeah, if hell were to freeze over then maybe they
Morning cover story. Fidel castro, it seemed as if he loved Nothing Better than to poke us in the eye. Thanks to him, for more than half a century, cuba, a tiny island, has been the tail wagging the dog where u. S. Politics and policy are concerned. Ahead the death of fidel castro, the provocateur is gone but for the United States the legacy remains. Pauley back is business as usual, show business, a lady who rocks. Lady gaga by name. Will be talking to lee cowan. Shes reinvented herself so many times. Hold them like they do it in texas seems like. Youre more lady now than gaga. Does that make sense . Sewed. What about tomorrow . Her latest in carnation. Ahead on sunday morning. Pauley a one man Fringe Movement has been making his mark. So much so that its caught the eye of faith saily. If i were to tell you that ben venom makes understated and ocean going art quilt id be lying. Do you picture your quilts like wrapped around something . Yeah, if hell were to freeze over then maybe they
Reserve chair janet yellen did not say when a hike could come. Backing off comments she made just a few weeks ago. Last month she said rates would move up again in the coming months. Today she dropped that reference. She also said she and her colleagues will wrestle with last weeks weak job data when they meet next week. Investors liked the sound of that because it suggested that a rate hike is now off the table. Dow jones industrial average up 113 points to 17,920. Nasdaq added 26. The s p 500 rose 10 to its highest level of the year. Steve liesman has more now on the fed chairs workout. Reporter fed chair janet yellen said in a major speech the fed remains on track to raise Interest Rates. But reacting to fridays dismal jobs report declined to say when that rate hike might come. If incoming data are consistent with labor Market Conditions strengthen and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be