To limit debate on the nomination of judy shelton for Federal Reserve board. Three republican senators have announced opposition to her confirmation, and the vote is expected to be tonight. That vote is scheduled for 2 15 eastern time when senators return frotheir weekly party meetgs. The chaplain let us pray. Mighty god, help our lawmakers to not put their complete trust in mere humans who are as frail as each breath. Instead, give them the wisdom to totally trust you to guide them in doing what is best for our nation and world. Lord, remind them that eventually all will be well for those who pursue godliness, and that you reward those who diligently seek you. May they remember that you will judge their work and reward their faithfulness, for they are accountable to you. Inspire them to continue to plant and water the seeds of peace, knowing that a bountiful harvest will surely come. Keep their motives pure as they seek to glorify you. We pray in your merciful name. Amen. The presidin
Tesla getting set to take off. And tesla is up 9 today. Were going to take a look at the growing musk empire. And booming sales at walmart and home depot but the stocks not getting that same boost today. Power lunch starts right now welcome once again to power lunch, im john fort boy, its hard to swim up stream in the amazon. Cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s p 500, cruise stocks as norwegian is near the high of the session for more on the market action, lets get to bob pisani. Hello, john its sort of a choppy, indeterminate day. The market cant quite decide what it wants to do today. Weve had a great run in bank and material stocks. The cyclical names have done really well recently those are on the weak side today. Tech is kind of flattish overall today here and then we had Energy Stocks and reits. So energy has been holding up very well today and so has Real Estate Investment trusts on top of that. Te
Lisa hurricane laura is moving rapidly toward a category four hurricane, possibly inflicting billions of dollars of damage on the gulf coast. Interesting to see how that evolves with respect to oil prices. What else can 2020 bring . Tom it is going to bring a lot of challenges in academic growth. Futures red and green on the screen. Lets get right to the Business Review this morning. Ata what we are looking for 8 30 a. M. Is the july durable goods numbers. Interesting to see what this tells us about Capital Expenditures at a time of such uncertainty for companies. The u. S. Is selling a record 101 of a record 151 billion fiveyear yields. See viceing to president mike pence headlining day three of the Republican National convention. Look out for his 2024 that form, also expected money 24 platform, also expected to be his 2024 platform, also expected to be a potential candidate in the future. Tom we need to stop and explain jackson hole. It is a beautiful place with mountains that only M
Time. Police say the shooting took place at 3 pm this afternoon in the tenderloin neighborhood, live coverage from amber lee she is in the city to tell us what she has learned. Reporter i spoke with witnesses and neighbors they say violence is common in this area and they described a chaotic scene. Multiple gunshots rang out in San Franciscos tenderloin and 3 15 monday afternoon in front of a residential hotel. We talked down and it was scary. It was so loud. Really loud. Everybody just started diving toward the ground. Reporter this woman tells me she was standing at the Street Corner when she saw a man with a gun drive by. He drove by in a van, he had a black mask on or something. Reporter she tells me the gunman was driving a gray went van and fired 6 to 10 shots from a handgun and i heard him shooting everybody was getting down on the ground. I was scared. Reporter another witness shared with me this cell phone video of the people who were shot, all men, 4 of them taken away to the
Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati