Financials all higher by 2 or there abouts shares of Sonic Automotive up 200 from the march low as the demand for used cars skyrocket during the pandemic. The ceo david smith will join us well welcome him as power lunch begins right now thanks the stocks are still on track for a week in the red bob was more on the moves for us we were moving down quickly at the open. We turned around at 10 00. Thats when we got the headline that the regulators were easing part of the rule we had word that texas was pausing the roping plans we drifted lower again thats what i mean about dualing headlines that we have been seeing its been drifting lower they are delaying the california theme park they have been on a down trend for a while. Nice to see Energy Bounce back we had a bad day yesterday on energy as oil dropped about 5 they are all bouncing back today. Thats helpful all five of the big names advancing, theyll be up on the day. Back to you. Lets go to the bond market where yields are lower rick
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
Security adviserjake sullivan. Blinken told the Un Security Council on tuesday he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to solve disagreements other issues, including trade. Only this week, Tech Giant Nvidia said the Us Government has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The restrictions werent supposed to come into force for a few weeks. Its the latest move in the ongoing Technology Dispute between washington and beijing. Joining me now is anna ashton, us china director at eurasia group. Good morning to you. This meeting that sounds positive, but give us the latest on this trade war as were all coloured, especially when it comes to technology. I especially when it comes to technology technology. I mean, it is positive technology. I mean, it is positive in technology. I mean, it is positive in the technology. I
Kids will need layers for recess. Headed for highs of 33 degrees. A big warm up ahead this weekend. Were expecting a case update in the drowning death of clive native Brandon Ellingson today. The special prosecutor investigating the case is expected to make the announcement at 11 00 this morning in missouri. Ellingson died at the lake of the ozarks in may of 2014 while in Missouri State patrol custody on suspicion of boating while intoxicated. The trooper who arrested him admits he did not properly put a life jacket on him. Stick with kcci on air and online for the latest on this case. Elizabeth this morning, a boone mother is pleading with the court to put her childs accused sexual attacker behind bars. Everything was taken away from her. All of her rights were taken away from her. Elizabeth this womans recovering from what she says was a traumatic encounter with 16yearold clayton tullis. Police arrested the teen in august for sexual abuse. Court documents show tullis performed a sex
Related. Was he injured . From he was not injured. The officers injuries are considered serious but not life threatening. Shoppers are getting out for another round of retail action this black friday. Heres a live look at one of the stores that should be busy today. Walmart in san jose. Now, stores are opening early this morning all over the bay area. Some of the same stores were open for shopping last night. So kpix 5s anne makovec is at one of them kohls on El Camino Real in colma to tell us about the new thing, the thanksgiving shopping day. [ laughter ]. Reporter the whole black friday experience is significantly different. It is a lot calmer here and that the kohls store in colma, you can see there are about three dozen cars in the parking lot right now. A lot of people are already finished with their shopping. Americans were expected to spend 2. 5 billion yesterday alone. Shoppers came to the outlets in livermore in droves. There were lines everywhere even to park. The stores wer