Lunch starts right now welcome to power lunch. Stocks are lower at this hour. The dow getting another record intro day before the pull back health care attacked the best performing sectors S P Health Care 40 almost flat. Consumer staples off more than 1 good year tire, starbucks and mattel, the biggest drags on the s and a. Exxon, ge and dupont buying on the dow at this hour michelle, thank you very much welcome everybody. Tyler mathisen here. The fda announcing a plan to cut nicotine levels in cigarettes. Commissioner talking about this new proposal at a News Conference a short time ago. The nicotine in cigarettes is not directly responsible for the cancer, the lung disease, the Heart Disease that kill hundreds of thousands of americans every year yes, it got them all dignitied and it kept them addicted for the long term. It got most of them addicted as teenagers. But the other chemical compounds in tobacco and smoke setting tobacco on fire that cause the illness and death, not the ni
Olympic leaders that will help them post the summer games. Global news in more than 120 countries. This is bloomberg, and bloomberg technology. Is next. Emily im emily chang. This is bloomberg technology. Softbanks and game. Another run at the u. S. Cable market with a direct offer for charter. Why the move to acquire americas secondbiggest Cable Company is the billionaires most ambitious target. The model three kicks off a new era in electric cars. Will tesla deliver . We look ahead to teslas Earnings Report. All bets are on after 400 million shares of snap hit the market. A look at the lockup expiration of that investors have had their opportunity to sell. The turmoil continues in washington. Anthony scaramucci has been removed from his new job as White House Communications director just 10 days after he joined president s staff. The white house said, mr. Scaramucci felt it was best to give john kelly a clean slate and the ability to build his own team. Sarah Huckabee Sanders mented
That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
Us oh wait. Covers the Banking Industry well was here. That works too. Well get to that in a little bit. We begin in washington with the rhetoric about a Government Shutdown how much time do we have at this point . Well Government Shutdown by the end of the september if they dont pass spending bills. We got a slightly different take between last night and today between the president of the United States and the speaker of the house. Listen to the president last night at a rally in phoenix talking about the possibility of a Government Shutdown if he doesnt get funding for a border wall build that wall now the obstructionist democrats would like us not to do it, but believe me, we have to close down our government, were building that wall little bit of a different take well see where the rest of the Republican Party falls on the issue of the Government Shutdown over boarding spending there are a lot of republicans on capitol hill who would like to see something done on the issue of the b