And welcome to power lunch. Im melissa lee. As brian pointed out, disney shares getting slammed on the revenue miss. The stock is the biggest drag on the dow shaping off about 20 points off the industrial average. Energy and real estate the best performing sectors, health care and discretionary the biggest losers. Check out the big movers here, yelp about 20 , co it coty soar. Thank you very much, melissa. Welcome, everybody, to power lunch. Im tyler mathisen. Losses at the u. S. Postal service narrowing from a year ago. The ecommerce boom package to offset firstclass mail declining revenue there. And amazon slashing Free Shipping minimum requirement to 25 from 35 for nonprime members. Earlier this year walmart rolled out free twoday shipping for orders of 35 or more. And apple supplier foxcon will begin construction of a u. S. Plant in the second half of the year. We begin today perhaps understa understandably with washington and arguably the most highly anticipated White House Press
Polite crowd. [inaudible] so ive heard. Good afternoon, everybody. As most of you know, sean is on reserve duty for the rest of the week, so i will be briefing you today and in the following days. I have a few announcements at the top before i take your questions. I have an update at the tunnel collapse in washington state. The incident is moving from the emergency phase to the recovery phase. After extensive testing we remain confident that there has been no radiological release. Personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. We expect efforts to be completed today. The site remains closed to nonessential personnel. Dedicated experts on the ground are looking closely at the next steps that should be taken with respect to mitigating future tunnel breaches. In washington, d. C. Today, as sean mentioned yesterday, the president focused on preparations for his upcoming trip. He met with the Russian Foreign minister following up
Polite crowd. [inaudible] so ive heard. Good afternoon, everybody. As most of you know, sean is on reserve duty for the rest of the week, so i will be briefing you today and in the following days. I have a few announcements at the top before i take your questions. I have an update at the tunnel collapse in washington state. The incident is moving from the emergency phase to the recovery phase. After extensive testing we remain confident that there has been no radiological release. Personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. We expect efforts to be completed today. The site remains closed to nonessential personnel. Dedicated experts on the ground are looking closely at the next steps that should be taken with respect to mitigating future tunnel breaches. In washington, d. C. Today, as sean mentioned yesterday, the president focused on preparations for his upcoming trip. He met with the Russian Foreign minister following up
Firing means that the buildup or hearing the buildup or investigations may be totally justified, i take nothing away from that, distracts from things like getting cost Efficient Health care act together. Then of course tax cuts are contingent on that together. We were just talking about the cook report that was out yesterday that seems to show republicans now have better than even chance of losing the house and losing 24 seats, what it would take. There is easy precedent for that, in recent elections no less, than you can understand part of my concern. I laid out there, im going to be looking through that prism here, to frame this debate. So, it is not so so much pros and cons. You heard that to death, that you want to shoot yourself im sure. Im looking at prism of you and your money. Things a lot of folks want to see, including yourself might not. So, what is the fallout on all that . Blake burman with the very latest on all of the above. Blake. Reporter to your point, not just taxes
I have an update at the tunnel collapse in washington state. The incident is moving from the emergency phase to the recovery phase. After extensive testing we remain confident that there has been no radiological release. Personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. We expect efforts to be completed today. The site remains closed to nonessential personnel. Dedicated experts on the ground are looking closely at the next steps that should be taken with respect to mitigating future tunnel breaches. In washington, d. C. Today, as sean mentioned yesterday, the president focused on preparations for his upcoming trip. He met with the Russian Foreign minister following up with tillerson last month. A readout of the meeting went out about an hour ago and i refer you to that for further questions on the meeting. Outside of d. C. , as part of the administrations ongoing efforts to address the Opioid Crisis in america, secretary price c