Vaccine boosted the antibodies in patients fighting the virus well have more on that new development. And as new cases hit a record high here, Tillman Fertitta says this is a mess for business and employees he will join us later this hour. Power lunch starts right now thank you, tyler, as we await the minutes, lets get todto dom chu. It could be the same. With quarters like we just saw, typically the momentum however, tyler mentioned the trading today very mixed the dow is up just 206 points, the s p 500 up about 23, so we are seeing a bit of a move off those session highs right now. Still, though, for the time being, green on the screen namely the s p 500 and however it sits away from the record high we saul earlier this year, remember, from that level to where we are now, were still about 8 below record highs. Well see if they can break out above or below this range. Two stocks to keep an eye on fedex stock after the great Earnings Report that they had. You can see here up about 12 o
From the billionaire buyer about his 240 restaurants that are back in business open once again. Hell join us later. First, over to you as we mentioned, fed chair Jerome Powell testifying on the cares act today. Lets bring in steve for more. Steve. Thanks very much, kelly the treasury secretary and the fed chairman defending the programs that are out there. The critical questions being how soon will this money be delivered. Is it going to the right people and is it enough of it out there . Poul w powell was asked about the question and here is his response regarding maybe more needs to be done this is the biggest response by congress ever and the biggest from us and this is the biggest shot we have seen in living memory and the question looms in the air of is it enough. He seems to suggest that more may need to be done. Congress wanted to know where is the money they appropriated and the fed is yet to launch several programs here is graphic that may help you understand where this money
Searching for direction. The latest round of trade talks between the u. S. And china are going to be hanging over o this market all week just days before higher tariffs are scheduled to take effect. Investors are trying to gauge what if anything are going to come out of these talks and so far theyrefa getting some mixe messages and that caused the push and pull that we saw today ending with the dow down 95 points to 26,478. The nasdaq was down 26. The s p slid by 13. Kayla tausche starts us off tonight from washington. Reporter roundnd3 of u. S. China trade talks kicked off in washington today. Lower level officials meeting to figure out a menu of items for cabinetlevel negotiators and potentially President Trump to take up later this week. With tariffs escalating in days, a potential meeting between trump and president xi in weeks and critical election primaries in months. Heres President Trump today. I think that well just have to see what happens. I would much prefer a big deal and
The day. Halftime report starts now. Welcome g good to have you with us our Investment Committee at the table today. Also with us on set today is cnbc senior economics reporter Steve Liesman in a few moments, as you heard, joined by adam bain stocks focussing on the fed. The twoday meeting underway why they expect to cut rates tomorrow the question is as we asked at the top, is it the week that sets stocks on a course for a new milestone or not its possible i want to be constructive here so if youre looking at if youre looking at technicals, you can say, okay, for the First Time Since last september, youve now got 72 of the s p 500 above the 200 day, which means more than twothirds of stocks almost 3 4 are in their own structure bull market. That happened last october i dont know how forward looking it is. It is a positive especially when you consider the fact that were getting participation from across the market its not very narrow its very broad. That being said, theres junky retail
Landrys, first owner of the houston rockets. One of the most exciting teams in thes in nba coanchoring along with melissa and me power lunch starts right now meantime, get a check on the markets at this hour stocks are mixed after a positive start with only the dow holding steadily in positive territory. The s p and nasdaq, really hovering near the break even as we sort of are saunter towards the ent of this trading year and visa, winners. Lagging ge hitting its lowest level in six years hotels and booze getting a bid hilton, marriott, wyndham, brown foreman, Constellation Brands hitting alltime highs netflix leading the nasdaq and s p 500 and agency could weathe spreads across the country, natural gas, you might expect, soaring today. We mentioned in the open a billion dollar buyer is here, Tillman Fertitta were talk taxes, restaurant business, houston rockets, Gaming Business and a lot more with him welcome. Good to have you. Good to be here. We begin in washington where everyone is