How low can it go . Power lunch starts right now well explain. Thank you, tyler as markets lose their gains on coronavirus headlines, we have all the angles of this story and the selloff today covered for you. Meg terrel has the latest on the comments that took down the rally. Bob and Rick Santelli following the volatile moves in the stock and bond markets ameamon javers has the white hoe response. Update officials saying its fair to say were on the cusp of the pandemic according to a bloomberg report early this afternoon. Head of the fda center for buy logics evaluation and research said there is significant concern given the virus has spread to six continentcontinens we saw the first case confirmed in latin america that country getting a raised travel advisory from the u. S. State department based oen the sped of covid19 there dr. Marks saying the time lines of Vaccine Development mean one wont be available before the initial wave of the disease passes moderna stock soaring it delive
Mr. Mr. Oxman, who do represent . Guest ipi is a crystallization of the technology sector. We represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years, founded in 1960 at the association of business appliance manufacturers, scales and time clocks and over those 103 103 years our industry has changed and so has iti. Our representation of tech Sector Companies is quite profitable. Host how did you get into the splendid work . Guest i been in d. C. Close to 25 years. I came to work on broadband policies after the 96 act passed at the federal communications commission. Ive been involved in the tech policy sector, worked at the fourth trade association. Iran the Payments Technology industry before joining iti. Host as you well know there are several trade associations that represent tech, and some of the companies that represent our members of a lot of them, dell, adobe, google, microsoft, et cetera. What is it that you do differently . Gue
Illusions that if they do something now because of a lack of quorum, there will not be any enforcement. It is unfortunate we dont have a quorum. It is inexcusable, in my view. We had two commissioners who resigned, one two years ago, another almost two years ago. Those seats were never felt. Never filled. Host why . Chair weintraub i dont know. That is something i have no control over. The nominations have to be made by the president and senate. It is easy to get over the long vacancies. We should have never been in this situation we found ourselves in. We are down to a quorum of four. Another commissioner decided to resign. That left us with only three. Totakes four commissioners initiate investigations, to authorize penalties and approve conciliation agreements. However, people should know before we lost the quorum, we authorized a number of investigations. We are at a high point in a decade in the number of investigations we have ongoing. As soon as we get commissioners back in, we
With abal easing trend surprise half percentage point. James bullard says the u. S. Central bank cannot react on a daytoday basis. Failing to stem the flow, net outflows at aberdeen were greater than analysts estimated in the first half. We will speak with the ceo shortly. The german lender says its profit target for the year is looking significantly more ambitious. Matt commerzbank has brought me here. I will talk to the finance chief in a little bit, and i will ask if calling your target ambitious is the new profit warning. That seems to be a trend for german company. They say their targets are ambitious. They make it clear they have been hardhit by the Sales Forecast and then they bring them down. It is a difficult environment for banks, and i will ask what the hardest part is. I am sure local rates are not helping, and what their plan is to get out of it. Time cutting costs. We will ask for clarity on that from stephen englels. We could see equity indexes rise again today at the op
On a china trade deal any time soon parliamentary election we begin with the trade pause, the u. S. Is not ready to make a deal with china. We got big mergers this morning, automakers and fin tech deal for more than 21 billion. We enter this holiday week the dow in the midst of fiveweek losing streak. S p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. We are in a moment where michael corvat said when he was on our show. The more chatter i hear verses what mr. Wonderful was say, we said everything seemed fine, the more i get worried that was a brutal week last week if it is in the mall, it is not good it was great, i think fabulous growth and the stock was down. We had foot locker it just got crushed. So i mean the market when it starts to see on how much supply it is coming we have zoom and beyond meat zoom is 19 billion and beyond meat is 5 billion someone recommended beyond meat.