Intel is the story the margin story, the share loss or more. Looking forward to getting some more detail and clarity from the ceo of intel that will join us in just a few minutes. This is not all bad news there is a beat on the top and bottom lines really the focus is on manufacturing which is, you know, for generations literally it has been one of intells hallmarks and advantages now the manufacturing job not like i have seen ever in the period that i have been covering the company. Yeah, and john, i think it is a big question for the longer term what makes them so confident that it will be six months and i know we always play this game, but we always look at this, how much has intel shed. Perhaps, guys, what might matter most is that it has fallen blow nvidia they have been neck and neck going back and forth and that is probably the one that hurts. That is interesting i would say in a way less interesting than amd which is really head to head against intel right now in the argument a
Green. Were currently holding onto some gains despite the miserable number out of adp, 20. 2 million jobs lost in april looking at commentary from disney and gm on various stages of reopening in shanghai, here in north america and the nasdaq continues to confound some of the bears as it is less than 1 from going positive for the year. Its actually pretty incredible and speaks to how defensive those megacap tech names have been viewed to be by investors in the market and for good reasoning looking at what weve seen so far where earnings are concerned. The other thing to keep an eye on is crude prices after five Straight Days of gains you have futures up 28 for the month of may so far. Those coming up because of the u. S. Private payroll numbers, that 20 million plus drop in april, which was not unexpected but still obviously so painful, especially when you put it in context of being the worse jobless in the history of the adp report that as you balance the daily data that shows decrease
Chipotle and snap. All of them, up big. Facebook and teslas numbers come out later this afternoon. Both down in advance of the official numbers. The overall market, that will open lower in large part because of the downside move of caterpillar and boeing which are dow stocks which are taking a large number of points off the dow. We will open down about 100. Look at that nasdaq, down about a half percentage point. Unless theres a big surprise, again, this is my opinion, the hearings are not likely to affect wall street. Varney company starts right now. Stuart they started. Youre looking right now live at the mueller hearings. Joining us, judge Andrew Napolitano and liz peek and david barnson will chime in as well. Weve got him on camera. First to the judge. Okay. They started at 8 30. 31 minutes ago. You have been listening. What have you heard so far . That bob mueller is a good marine and hes going to follow the instructions from the department of justice and basically not talk about
Dominating the weekend and it could be just the beginning of disneys total takeover. Power lunch starts right now and welcome to power lunch. Im melissa lee. The nasdaq, the big winner today with tech stocks taking the lead as chip stocks rip higher, and check out the dow downers today. Boeing falling after fitch cutting its outlook for the giant to negative. Pointing to the uncertainty around the 737 max grounding and Johnson Johnson taking a hit about 1. 5 as the Company Fights thousands of claims around its baby powder well have much more on that story much later on. Kelly. Thanks. The fed is entering its blackout period ahead of the july meeting next week, so there will be no more fed speak before that decision but its not stopping the president from weighing in he tweeted earlier today in favor of a rate cut, saying the fed raised rates far too much and too fast it appears the great rate debate is still raging. Steve, what the data reveals, to cut or not cut that blackout period a
What about chicken, about eggs , we have an overproduction of chicken meat, we dont eat that much, and export helps, but we still ended up with overstocking, in connection with this in previous years there was a serious overstocking, and we stopped expanding chicken production, we immediately got back, we received it instantly, thats why i say, dont. Interfere, yes i liked the statement of one of the owners of enterprises that raise chicken, there are broilers, he says well, dont touch our segment, in 34 months we will instantly grow any broiler in 32 days, 10 years ago 64. Money, but it still requires quality, level of service, fortunately there is an alternative, yes, this is competition , thank god that. It exists, after all, we are talking about the fact that based on the three restrictions you named for price increases, lets look at each in more detail, that is, you and i talked and agreed that the state cudgel it is ineffective and what is it like they say, a holiph for an hour,