Biggest loser. You just heard from courtney, after missing on earnings and slashing that forecast joining us for the full first hour, wealth management. Josh, as we just mentioned, fedex down a full 10 on earnings whats your take on that its important to point out that this trend in fedex stock actually began in january 2018 its been falling almost two years straight with very little respite on the way down. At this point, i think the answer, what you do with fedex, differs if youre a trader or an investor if youre a trader, youre not buying the stock i dont think theres any Material Support looking back at a tenyear chart until about 119, 120 that was prior resistance. It broke out it has retested that level before successfully. Thats where i would look at a tradeable bottom were not quite there yet. If youre an investor, you have to look at this moment to say this is maybe conceivably the most confluence of events. Having trouble integrating the tnt acquisition, thats a headwind ther
Sunday morning. Welcome to it. Good morning. Im victor blackwell. This is cnn this morning. Good morning. Im amara walker. Thank you for sharing a part of your day with us. We have a lot of stuff to talk about. Interesting stuff, sports, news. Right now make or break for the u. S. Womens soccer team. All eyes are on team usa as they face off against sweden. We will have the latest on the game. And simone biles is back. 26yearold makes her comeback and qualifies for National Championships after a twoyear break. We will have highlights. And the back and forth legal fight between former President Donald Trump and the Special Counsel. It comes as truck unleashes his sharpest attack yet against his own Vice President. And a suspect charge inside the fatal stabbing of a professional dancer in new york. Right now, it is whin or go home for the u. S. Womens soccer team at the world cup, taking on sweden in the round of 16 in melbourne. The u. S. Is the Number One Team in the world but have not
Disney, of course, as you heard by now, buying various assets of 21st century fox in a deal worth dl more than 66 billion when you include the debt david faber broke the story weeks ago that the two companies were in talks and lo and behold, its soup now. Congratulati congratulations. Thanks. We were reminiscing about the various deals youve broken over the years. Yes, you and i go back to my first big one, British Telecom and mci. 2 22 billion deal in inflation . Exactly that got to the finish line on this one, bill a lot of talking going on between disney and fox and also our Parent Company, comcast and fox. Thats sort of where we want to begin today as we head toward the later parts of the day comcast did compete vigorously for these assets people close to the company indicate, or people close to all the companies involved, that being the people who were advising and so forth, indicate that the bid from comcast, in fact, did have a higher value than what fox accepted from disney we
Slide. The hang seng was up by 3 4 of a percentage point shanghai stocks closed down by 1 3 of a percentage point in japan, the nikkei higher once again. Another 100 points gain of half a percentage point. Trading at 21,255. In europe there is early trading taking place there are modest advances. It looks like the dax is the biggest gainer well continue to keep an eye on that. Were watching a developing story in the oil market. Crude and brent, they are moving higher on news that iraqi troops have seized parts of oil rich kurdistan. Theyre moving into parts of the city of kirkuk the u. S. Has supplied and trained Iraqi Federal forces and Kurdish Forces both have been fighting the Islamist State Group they are to if he cuss on the war with isis. One is missing, another five missing. Theyre trying to get to they were trying to get to a valve to cut off the flow of oil. Right now they are not ruling out the possibility that the oil is leaking into the lake the cause of the blast is unknow
Where are the drinks . Im ready. Welcome to power lunch, im michelle carusocabrera. You can see the dow is lower by 91 points and the nasdaq is managing in positive territory, Goldman Sachs and United Health are weighing on the dow following their ownerings and those two stocks are responsible for more than 50 point in th dows near tripledigit decline. On the flipside, as i mentioned, netflix is up more than 10 ity hitting alltime highs on the back of their results. Harley davidson is tanking 10 motorcycle maker says demand is slowing from the baby boomer Customer Base and well talk more about that ahead and chipotle is down more than 5 . A chain shutting a restaurant in sterling, virginia, after customers got severely sick after eating there that stock down 22 in two months and well speak to one analyst who unlucky for him, just upgraded the stock based on queso. Qu is eso. Cheese. The Gop Health Care bill is dead and now so is the republican plan for a straight Obamacare Repeal and P