With a new show on cnbc, highlighting Small Businesses and the people behind them across the country power lunch starts right now welcome to power lunch. Im john fortt take a look at whats driving the Market Health care stocks the biggest laggards while industrials and financials lead the way. Check out the bank names all higher tesla, the big winner. At the highs of the session, helping to turn the nasdaq almost positive, close to break even midday. Morgan stanley final upgrading the stock to a buy after a 500 gain this year lets get to bob pisani for more on these markets bob, you got me . Maybe not. Kelly, do you see what is happening with these markets i mean, were showing the sector snapshot here. Weve got s p retail is higher ahead of a Holiday Season we expect to be really strong for ecommerce and weve seen strong results this week from walmart and target yes, we do. By the way, i want to point out well, i want to point out that the dow turned negative only in the past hour or s
Kari, you have had sky ranger to look out for and track downed power lines. It looks like its over off the shoulder there right around high street, coming up in through the Oakland Hills where highway 13 got a wind advisory from chp. Well watch for the traffic moving smoothly. At least part of a tree down inside this freeway. Outside the bay bridge toll plaza in the east bay and the oakland area metering lights turned on earlier than necessary because of the volume. I think theyre keeping folks on the shoreline to keep volume on the span lighter as we look at the map. That would make things easier to handle if there are problems. High wind advisory reported for many of the spans there and this traffic incident is the only problem because of the crash over into sunol and west 84, around the ge plant and that may be clearing lanes right now. Back over to you, kris. This morning about 225,000 pg e customers are without power across northern california. Look at the map. The north bay and e
Rose still who tragically died on Ethiopian Airlines flight 302 and thank them for participating. March 10th marked the 1year anniversary of the crash of Ethiopian Airlines flight 302 which was preceded by the loss of land near flight 602. The aircraft involved in both accidents was the boeing 737 max. Our deepest sympathies go to the families of those loved ones who are among the 346 lost in these crashes. Since the Ethiopian Airlines crash the committee has heard from many whistleblowers at boeing and in the Aviation Industry. It is increasingly clear from the investigation that the faa has the number of serious problems, the investigation staff of dozens of witnesses, thousands of documents and emails who have been diligent in pursuit of these facts no matter where they lead. However, i must express my profound frustration with the agencys lack of response to most of my requests dating back to last april, documents that stem from whistleblower disclosures. On april 2nd, 2019, i sent
Know, ive been long microsoft, long apple, and long amazon. Well, given where we are, giving that we are seeing a bit of a surge in cases for covid19 in texas and in florida, given that we have a Federal Reserve meeting i have too much risk exposure out there so i identify these three companies, scott i say to myself, given the significant price appreciation, which Management Team do i trust most, to be most judicious which is cash, and history will show that amazon is liberal in terms of spending, therefore i decided to step out of amazon. I still own apple. I still own microsoft. It raises so many questions, joe. Thats why i wanted to start with you today this is one of those stocks that is up just huge off the market bottom there are many others on the list assist i said, is it time now for our viewers, joe, to reassess everything theyve been writing since that day on march 23rd when stocks hit bottom . I get the problem i have with it is theres a degree of ignorance regarding asset
May come to order . I consent that military can call resources, i ask unanimous chant that they recognized for ten minutes each during the question rounds, and without objection, so ordered. Before i begin and similar to the previous hearing on the 737 max, with the ceo of boeing testifying in october i want to explain that administrative manners regarding some documents we may use, i will be making two unanimous consent requests and reference to to document lists, list a, list be. First the documents contained on this to be our marked export controlled, apparently they stamp everything. We have been advised by house general counsel that they provide ample authority for us to release these documents. However, with regard to documents i will be making unanimous consent requests regarding the release of these documents, pursuant to the control act. Second, i will be making unanimous consent request to enter the documents on a list day into the hearing record. This includes additional doc