Power lunch starts right now. Welcome to power lunch. Hi, everyone. In today for kelly evans. It has been a long road back, but the s p 500 right now is near those record highs from february. About 1. 5 away. But as the nasdaq lags the browder market, check out some of the cloud names under pressure. Cloudflare, dropbox, zoom, and docusign. And you can see these moves playing out the industrial sector slee sector is leading the way as is energy. Tyler. President trump signing a number of executive orders over the weekend to expand relief efforts amid the coronavirus pandemic. As congress failed to get a deal done. Steve liesman looks as what the impact of these executive orders could be. The president s orders over the weekend getting mixed reviews today from economists. In just the past hour, jp more conpublished a report saying, quote, the executive orders could reduce the urgency for congress and the white house could get a more comprehensive deal done. If this is all we get for a f
Vaccine boosted the antibodies in patients fighting the virus well have more on that new development. And as new cases hit a record high here, Tillman Fertitta says this is a mess for business and employees he will join us later this hour. Power lunch starts right now thank you, tyler, as we await the minutes, lets get todto dom chu. It could be the same. With quarters like we just saw, typically the momentum however, tyler mentioned the trading today very mixed the dow is up just 206 points, the s p 500 up about 23, so we are seeing a bit of a move off those session highs right now. Still, though, for the time being, green on the screen namely the s p 500 and however it sits away from the record high we saul earlier this year, remember, from that level to where we are now, were still about 8 below record highs. Well see if they can break out above or below this range. Two stocks to keep an eye on fedex stock after the great Earnings Report that they had. You can see here up about 12 o
The major market open. Shery the top news this hour, mix earnings and data, treasury as well as the government prepares to increase issuance of the longer end. Haidi donald trump indicted on alleged conspiracy to overturn the 2020 elections. Shery here is what u. S. Futures are looking like in asia, a little bit of pressure, this is after we saw a mixed ending with the dow getting slightly up, the s p 500 falling from the high we have seen in 16 months. This is ahead of the jobs data out of friday, we have job openings in june below lowest since april 2021. We are watching the bloomberg dollar index after the resilient labor market data showing that we are now on a three week high with emergingmarket currencies on the others pressured across the board. Oil prices trading at around the two dollars a barrel level in the asian session, we are saying the upside of. 8 percent. We also have heard the u. S. Is delaying a refilming of the emergency stock files a refueling of the emergency stoc
When he takes the mic he will outline the house tax plan. We will take that one might as well. The allstars are waiting on the starting gun. Mark sanford of South Carolina. The next phase to vote in the house. They will react to the made in america announcement in the senate struggled with repealing obama care. As you just saw o. J. Simpson has been granted parole. The juice will be set free from a prison in nevada it will come in the fall after nine years in the slammer. What happens next. Geraldo rivera has covered the story decades. He is on the scene and he has the very latest. Markets take aims at new record highs. And i believe the russell 2000. The only one that is down right now is the tao. You need to be here. The markets could move on any one of the stories. Welcome back everybody. And we just want to start right now with the white house where an event is about to begin. President trump will make an announcement that is related to the made in america story. He has with the ce
A system will move through this evening into wednesday and bring another round of rain and possible thunderstorms. Drying conditions will briefly set in wednesday afternoon into thursday ahead of another approaching storm system. This late week system will likely be the most potent of the week and result in widespread rainfall, stronger southerly winds and a greater potential for hydrorelated impacts. vicki the return of the rain has road crews once again keeping an eye on active slide areas and other trouble spots. grant kron fours rob fladeboe is live in the Santa Cruz Mountains where the earth is moving once again. Amid the latest wet weather. Rob . Im here at highway 17 and bear creek road where this big pile of mud and debris kind of tells the story. This is where caltrans is dumping the mud slides that have been occurring throughoutthe area. And with each day, even when its not raining, the pile gets a little bit bigger. It didnt seem like all that much but the three inches of ra