Welcome to power lunch. Im michelle carusocabrera. The major averages are lower kicking off the busiest week for earnings but the s p tracking for its best monthly gain since february the nasdaq was on track right here, yes. Best month since january oil pushing higher, crude prices up more than 1 . We keep show l well get to that. Financials carving out small gains, utilities and health care lagging, j j, home depot, the biggest losers in the dow right now. Some of the big movers pandora higher on news of state pajama makers, maybe not blue apron, we finally get it, soaring on positive comments but hasbro is tanking. A deeper dive on these stocks straight ahead here on power lunch. Thank you, michelle. Im tyler madison. Waiting for Jared Kushner to make a statement at the white house after his session with the Senate Intelligence Committee Earlier today. We are also waiting for the democrats to unveil what they are calling their better deal for the economy and for americans at an event
Middle Eastern Countries with muslim majority populations. The move caused confusion, legal challenges, criticism and according to some analysts, it increases uncertainty in the markets. Today the Dow Jones Industrial average fell to 19,951. The nasdaq was off 47. And the s p 500 dropped 13. The lousy start to the week follows dows historic topping of 20,000 a few days ago. The rally since the election was sparked by the expectations that pro growth policies like tax cuts would be enacted fairly quickly. But as bob reports, there is growing concern among investors that washingtons focus is shifting. From trump bust to trump slump. The market may have blown past its records but stocks took big hit today with Key Headlines and policy plans coming out of the new trump administration. The problem is investors are seeing President Trump are straying from the speenls initially lifted stocks to new highs. What moves the market forward . The reflation fee. Tax cuts and infrastructure spending.
The details ahead with the shares down 4 . I saw you guys playing with that this morning. John was a sport in that. President trump signed that executive order that he says will end the war on coal. Epa Administration Scott pruitt joining us to talk about this on a first on cnbc interview. We look forward to that very much. Meantime, details on that executive order. We are at the white house right now. Bill, the president went to the epa to sign the executive order moments ago. He arrived back here at the white house. The president put in all of this in the context of as you say, ending president obamas socalled war on coal. He said this is about creating jobs. Heres the president over at the epa. My administration is putting an end to the war on coal. With todays executive action, i am taking historic steps to lift restrictions on american energy, to reverse government intrusion and to cancel job killing regulations. What specifically is the administration doing here . A couple bullet
Ahead in that key battleground state, one day before the final president ial debate. Meanwhile, Hillary Clinton is on her way to las vegas as new polls in nevada show her extending her lead, allowing others to do her campaign trail work as president obama used the bully pulpit in the rose garden in front of a fellow world leader to bash the republican contender for, quote, whining. Political panel breaks down the latest news and theres a lot of it from the campaign trail. Plus the accounting scandal rocking hollywood and it goes all the way back to spinal tap. Remember that movie . Yahoo canceled Conference Call. More on that and Charlie Gasparino live from the vegas strip. Less than an hour to the closing bell. Lets start the countdown. Liz we already told that you netflix is charging ahead for the nasdaq at least . It is also dealing the s p a winning hand. Top of the s p 500 right now. What a twoday event this has been, you saw it yesterday, and now you see it surging right now. We
Cleveland seeing low lying clouds and heavier bands of rain. Medina, you can see the red mark, a heavy shot of rain for lafayette to medina. You are up next in the next five to ten minutes. Finally starting to look like they are clearing up a tad bit from macedonia to the hudson area. This will be a continuous event throughout the day of wet conditions. Behind this front is a cold front and it will reduce temperatures back down. Wow unfortunately it has been a rough commute already. Not a lot of traffic out there but i think people are going a little too fast. Already seeing issues in the cleveland area. A cal car into a wall at 7 a car into a wall at 77 and east 130th. And we are dealing with ponding. Slick lives, too, as we zoom on out. Janessa has been showing you her radar, as well. Yourself plenty of time. A live look at the highways in the akron area. 76 here showing the shine on the highways. We dont want to deal with it but we have to this thursday morning. Back to you. Our cit