Relations and fear and the known. How do i maneuver through that and teach my kids how to be strong, teach my kids how to be loving in a world that can be so cruel. Nawaz all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. The william and flora hewlett foundation. For more than 50 years, advancing ideas and supporting institutions to promote a better world. At www. Hewlett. Org. And with the ongoing support of t institutions and individuals. This program was made possible by the corporation for public broadcasting. Ing. And by contributions to your pbs station from viewers like you. Thank you. Nawaz the u. S. Military is on the way out of northeastern syria tonight, and its ex ed Turkish Forces will soon be on the way in. The president is touting the u. S. Withdrawal in the face of widespread criticism. Guided by a rising sun, the americans were on the road at daybreak,
Oh, yeah, hes got a new book. Its good. Lots of business advice. Its called shut up and listen you better shut up and listen because power lunch starts right now. Lets take a look where we stand with the markets now the nasdaq and s p all under pressure but hugging the flat line look at the change there basically minuscule. A matter of basis points one day ahead as the result of the big fed meeting. Energy falling after yesterdays huge rally its the worst performance sector this day down about 2 after yesterdays big games. Crude down about 6 after yesterdays big gains. Well have more on those moves later. Tomorrow at this time well be getting the feds decision on Interest Rates steve has the details from the latest cnbc fed survey thanks very much. Pretty good agreement that rate skut on the way. Most say well get another rate cut and that will come in december thats the bulk of it. Amid lower rates, you think it would be by it it comes with incressed probability of recession the 32 pr
Buy in the space how can that be . Well tell you as power lunch begins right now and welcome to power lunch. Im melissa lee. Stocks taking a breather today after yesterdays more than 1 gains, all three of the major indices are lower with the s p and dow on track to snap the threeday rally since last weeks big drop. Fractional losses across the board. Check out the transports theyre sinking further into correction territory American Airlines, the biggest drag there that stock is now down 16 for the month of august. Well have much more on that move later on. Ty we begin at the white house President Trump to meet with the president of romania while the economy is front and center for the president and the administration and eamon javers has the story for us now thats right. Were going to see the president of the United States in the oval office here in just a short time the president will have the opportunity to talk about the end of the 30th anniversary of the end of communism in romania
Street really is power lunch starts right now and we do welcome you to power lunch. Im bill griffeth, were going to look at where the markets have been standing today we have been in rally mode for the most part, but as we all know from last weeks epic volatility, things can change very rapidly with any particular headline, but as you see, more than 1 gains for all three of the major averages nasdaqs wiping out last weeks losses at this point the s p, thats still 3 from record highs but you can see that some of the safety sectors have been hitting alltime highs today as bond yields rebound we have Consumer Staples, real estate, and utilities doing very well today that means theyre expecting even lower Interest Rates. I would imagine, melissa bill, thanks. As you mentioned, stocks rebounding bond yields also bouncing bab. Whats behind these moves . Lets get to bob pisani at the new york stock exchange. Important thing here, its been quite a rally in the last couple days. Look at some of
Good afternoon. Im Tyler Mathisen right now you can see the industrials up around maybe a tenth of a percent very small moves for the s p, nasdaq and the russell as well today. Utilities in health care, they are leading the way. Energy lagging today good day for semistocks, amd, applied materials. They are among the s ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector youve got macys, coal, lbrands and nike among the s ps worst performers. Caterpillar is up there so far this year. A great year for stocks. Unfortunately for investors, that is not normal, its not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in 2018. Hi, bob. The question is reversal to the mean they say 2017 cant happen again, but why not many traders say we cant have 20 returns in the s p because its just not normal look at the average. Its about 8 since world wa