Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been
Internet and find themself spart, you see people who have had no training, no association with it, including americans, who go on the internet and find themself s themselves enthralled because of whatever lost souls they are or because of the violence with isil and selfradicalize and unfortunately undertake to do violence. So you see that spectrum there. You do see some effort by isil, meaning isil in syria and iraq to command and control, but its not exclusively that way. I say all this because thats very distinctly different from the al qaeda model. The al qaeda model was a very hierarchical, very clear command and control type terrorist enemy. And that meant they had discipline and it meant they could take on big things like 9 11, but it also meant that when we started to go after them they were vulnerable to attacks on the command and control structure and on their logistics structure. Isils more resilient because it is more decentralized and informal in that kind of sense. Takes a
Discuss the future of television technology. A Government Accountability Office Report has found that construction of a new u. S. Embassy in kabul afghanistan, has gone 27 overbudget. Gao and state Department Officials testified about the project at a House Oversight committee hearing. Republican Jason Chaffetz chairs this three and a half hour hearing. Committee on oversight and government reform will come to order. I appreciate you being here as we have a hearing today regarding the Construction Costs and delays of the United States embassy in kabul, afghanistan. The chair is authorized to declare a recess at any time. I appreciate you being here. This is an important topic. We have so Many Americans who have given their lives in afghanistan, who have sacrificed away from their families to serve the United States of america and our interests there. We have a duty and a obligation to make sure that they are well housed, that they are safe, that they are secure, that theyre able to do
Maryland. I am dwayne brown with nasas office of communication. We have an astronaut and associate administrator at nasa head quarters, alan stern, and Alice Bowman Mission Operations manager at john hopkins applied physics laboratory. [applause] ladies and gentlemen, pluto as never seen before. Three, two one. [applause] now we have remarks from dr. John grunsfeld . It has been an incredible voyage. I know many of you have been participating the last few days but what it all comes down to is an enormous team of people led by alan stern, a big team here at the john hopkins applied physics laboratory, university of colorado the list goes on and on. Hundreds of scientist, engineers, technicians, and people sewing blankets helping the explorer to visit pluto and fly on beyond. I am so glad you are here to participate in this true exploration exploration. That view is just the first of many, many rewards the team will get especially since pluto didnt turn out to be a featureless planet and