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
Trillion, far below the target set by the kingdom. We are live from hq. Plus, flying high. Results season continues with ryanair. We are joined this hour. We will also keep an eye on the drivers of uber ahead of results later today. Manus welcome to daybreak europe. Ryanair, guidance. Pretax profit, beating the 41. 5 million, but it is to the future and the outlook i think the market will focus. They are talking about the risks to delivery of the 737, and with the guidance, this is what i can tell you. They see a narrowing of fullyear profit after the tax 809 million. these are the top lines coming through from ryanair. This is certainly comfortably beating fullyear profit. The 737 delivery. That is ryanair. Lets get you to the markets. We are risk off from equities, and the dollar, Michael Oleary shortly, us very, very i saw michael flash on the screen. He is joining me very soon, 6 30, and we will talk about the guidance and the risks with Michael Oleary. To the market, i mentioned t
Jap japans exports fell 6. 7 in june, much more than expected. They were looking for a 5. 4 drop tex tend the bigger surprise drop was a 5. 2 drop in importeds versus the 0. 2 decline economists were expected the nikkei was down by 2 . Hang seng off by a half percent. The shanghai down by 1 . In europe, red arrows there as well spain off by 1 . Lesser losses for the other averages check out the treasury market. You will see that the treasury market this morning is showing the tenyear with a yield of 2. 054 United Health just reporting moments ago. Posting Second Quarter profit of 3. 60 per share. That Beat Estimates of 15 cents. Revenue came in ahead of wall street forecasts the Company Raised its fullyear forecast well talk about this more with ana gupte. Netflix shares are falling sharply this morning the Company Reported a drop of 130,000 u. S. Subscribers in the past quarter on the Conference Call Reed Hastings attributed the lower growth in part to its Program Lineup during the qu
Debt. 1. 6 trillion, all of it gone. Well have the details on utopian plan. That much more on making money. Charles the white house slapping new sanctions on iran amid a deepening standoff with the islamic republic. Blake burman at the white house with more. Blake. Reporter President Trump dialing up the sanctions against iran to the highest of levels. The president signing an executive order in the oval office today with sanctions targeting the iran Supreme Leader, Ayatollah Khamenei. It also extended to the Supreme Leaders Office and members of the top military. The Supreme Leader is ultimately one responsible for the hostile conduct of the regime. Assets of Ayatollah Khamenei and his office will not be spared from the sanctions. These measures are a strong and proportionate response to irans increasingly provocative actions. Reporter last week President Trump was skeptical that the drowning of an american drone was intentional from iran. Today the administration is not saying what s
At any time. This hearing is entitled evaluating the effectiveness of u. S. Sanctions programs. I now recognize myself for five minutes to give an opening statement. Im pleased to welcome our colleagues and our witnesses to the subcommittees hearing on u. S. Sanctions from iran to north korea to russia and venezuela, sanctions are increasingly used as an instrument in our Foreign Policy tool kit and Congress Must ensure that they be held accountable for results. This hearing will examine major sanctions programs as we seek to evaluate their effectiveness. Let me highlight three points that may provide context for this discussion. First, sanctions are key to bringing about behavioral change abroad and this committee has stressed that they should be designed accordingly. That means calibrating sanctions and sanctions relief based on specific and achievable actions we wish to see from a foreign actor. Tailoring sanctions in this way is important for secondary sanctions, given how banking