Today. Stocks higher as the president returns to the white house plus two big steps in the race for a vaccine sending shares of biontech and vir higher. And battles over how to regulate big tech over a yearlong antitrust investigation republican ken buck from colorado will join us to discuss the gops concerns about too much regulation. Power lunch starts right now welcome to power lunch. Im dominic chu. Check out shares of boeing, one of the biggest losers, down more than 2 as it says the pandemic will hurt Aircraft Sales for the next decade. American airlines delaying boeing 737 max Pilot Training as it awaits the faa to recertify the plane. And the reopening trade is reactivated on some of the positive vaccine headlines that kelly just mentioned on air and then of course the energy trade on fire right now, one of the best performing sectors as crude oil jumps, now up 9 in just the past two days. Watch those trades, the energy sector, very, very much on the up side there. Kelly, ill s
Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get extended just a little bit at the opening bell. The dow implied higher 42. The nasdaq up by 21. Record highs to start. This is all after u. S. Inflation showed a slight easing in the month of april with core prices excluding food and energy climbing 6. 6 year on year or the lowest since april of 2021. On the back of that, treasury yields are falling off hitting the lowest levels in a month. The teny
Live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is after 7 00 p. M. Shery it is after 7 00 a. M. In hong kong. I am shery ahn. Injured aftermore a van hit pedestrians in one of barcelonas most popular streets. Two have been arrested in Los Angeles Las ramblas. Spain has a history of terrorism. Passengers were killed by bombers in madrid in 2004. There are rumors gary cohn would be resigning as President Trumps top advisor and not to mention the political scandal going on. That is leading the markets. They took a big hit overnight. Betty they absolutely did, as you point out. It was interesting to see the terror attack rattled investors. But it was gary cohn and his possible departure that hit the markets. I want to pull up a chart g btv 360. It really tells the story. We saw the second worst day in terms of the drop of the s p, down 1. 5 today. The second time it has dropped more than 1 since last thursday. We thought north korea would continue to domi
Videos give a look at life with the terrorists. U. S. Secretary of state Rex Tillerson meets his mexican counter art who is in no mood or chitchat after all that rhetoric about the wall and deporting mexican migrants. It is good to have you with us. We begin with a turn in the battle for mosul. Iraqi military forces regained control of the strategically important airport from socalled Islamic State. A major victory in the offensive to push is out of the rack iraqs secondlargest city. Driving them out will not be easy or as fast. Mosul airport has fallen. The operation is part of an attempt to push out socalled Islamic State fighters out of the western part of the city. I. S. And its members have started to flee towards populated parts of the city and are using civilians as human shields. As of the offensive began, iraqi forces fired missiles at militant stronghold. Then they took control of the runway. Civilians who escaped to government run territory said they were shot at by rebels f
Bloomquist is off. In the news a woman is dead after a house fire breaks out in burlington county. And the republican candidates are back out on the campaign trail after another heated debate last night. But the big story is breaking news out of Chester County. Three students will Face Criminal Charges after a violent hazing incident at conestoga high school. It involves students from the baseball team. Chad pradelli is live with the new details. Reporter yes, Chester County Authorities Say there is systematic hazing with the Conestoga Football Team dating back three to four years and this past fall turned violent when a freshman Football Player was penetrated and violated. Authorities say that two senior Football Players held a freshman player down and violated the player with a broom stick in the locker room. We are here to announce charges against three juveniles, i am not using their names they are being charged in the juvenile system. Authorities did not learn about the assault un