Plus, there are fewer than 50 days until christmas and wall street is concerned about a retail apocalypse. We have the details about that, and later, its been choppy waters for Royal Caribbean the stock is cruising higher the ce will be here for an exclusive interview. Power lunch starts right now welcome toll power lunch. Im melissa lee. The major averages are recovering somewhat after falling in the red on reports of a delayed trade deal we have the dow and the s p 500 marginally higher right now. The nasdaq is down by a third of a the russell taking it the hardest. Lets get over to bob pisani for more theres been reports theres no clear deal yet over the terms of a phase one deal with china, or even whether president xi is going to come to the table on the deal industrials, theres your classic one, caterpillar, 3m, united technologies, theyre all down a bit today some of the semiconductors like micron also a little weaker as you mentioned, coming off their lows we had a buildup in c
600 milliondollar bet for coty. All this on making money. Charles were finally pulling back. Dow, s p from record territory. There are more reports out of china the negotiation, the u. S. Hasnt shown a positive response to pulling back all the tariffs. President trump continues with the same line he is holding firm. Take a listen. China will have to make a deal i like. If they dont thats it, okay . Im very happy with china. Theyre paying us billions and billions of well be over 100 billion in nottoodistant future. China never gave us 10 cents. With that being said, i have Good Relationship with china. Well see what happens. Im very happy now. If we dont make a deal with china, i will raise the tariffs higher. Neil big loser is home depot. Weighing on the dow. Missed on Comp Store Sales for the Fourth Quarter in a row. Then there is kohls. Tell you both of these companies, you listen to management see what they have done, seems to be more Company Specific than any kind of proxy on the e
An antitrust probe overload. The u. S. Justice department launches its own facebook probe. This, as the social network is already the focus of a federal trade commission investigation. But first to our top story, pellet gun falling as much as 9. 5 after raising more than 1 billion in its u. S. Initial public offering. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. s jason with Bloomberg Kelly at the nasdaq. John we are playing the long game. We see this as building millions and millions of subscribers around the globe in the coming years. Now we have the money to do that. We are fully funded after todays primary, so we are feeling confident. Jason when you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Or if there was one . My eights is fundraiser for appellate on. It is a funny
A sound then for you all very good men during. The food confusion and fun. From street food the 5 star restaurant tasty taipei starts september 1st on d. W. Bush reality has been promising new and bigger adventures for years dream trips from the comforts of our homes exciting fun. And thrills galore but what is the reality of Virtual Reality i want to see if today. In 2018 the global be our revenue was 3200000000. 00 euros peanuts compared to gaming which made 120000000000 last year still we are technology is making giant strides then you had said new software new games but this stuff is only for hardcore gamers and couch potatoes right wrong you can also use to work up a sweat by boxing for example slip on the headset and go. Is perfect for me if i get a black eye here i dont get in trouble with my make up artist. Virtual reality boxing training. And b. Are big fights. They can be just as hard as matches with real opponents but without running the risk of injury more and more sports a
Gaming which made 120000000000 last year still we are technology is making giant strides then you had said new software new games but the stuff is only for hardcore gamers and culture potatoes right wrong you can also use we are to work up a sweat by boxing for example slip on the head said that go beyond boxing is perfect for me if i get a black eye here i dont get in trouble with my makeup artist. Virtual reality boxing training. And b. Are big fights. They can be just as hard as matches with real opponents but without running the risk of injury more and more sports are showing up in b. R. At the v. A. R. Institute of health and exercise scientists from San Francisco State University are studying the Health Impact of b. R. Sports they measure a range of physical functions and calculate how many calories per minute using a given game burns so far they tested over 50 of your applications with different headsets to determine their effects. On the treadmill with a wii or headset can defi