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Senator ted cruz will join us on why he thinks there should be more backlash for tech power lunch starts right now welcome to power lunch. Im dominic chu. Real estate, financials in the green as well. Technology stocks, though, the worst performing sector in the s p 500. On the dow youve got walgreens, the best performer after its Earnings Report this morning the company expecting 2021 Profit Growth despite the pandemic worst performer, it is vertech pharmaceutical kelly, ill send things back over to you. Thank you very much stocks well off their worst levels of the day. No stimulus, jobless claims higher so are covid cases earnings may be the only hope. To bob pisani for more on that bob. And, kelly, were near the highs for the day but there are reopening worries out there if you look at the markets you can see thats all the travel stocks are weak again so the airlines, expe ....
A huge jump and some credit critics describing it as suspicious trading all right its time to use i q. Starting today of a troubling ministration is pulling federal agents out of Portland Oregon after striking a deal with the state officials on a plan to address violent protests the governor there calling the move to deploy federal agents political theater by the trumpet ministration now this as violent clashes between demonstrators and Police Continue nationwide and 1st a warning some of the video youre about to see may be disturbing heres our trinity charges with the story. Today nationwide protest against Police Brutality and racial injustice. Just hours after oregons governor announced fees were. For all of federal officers from portland this is a gradual withdrawal from portland dozens of officers filled city st ....
Next opportunity focusing on the return to a vaccine. Weighing in on how close we really are we are watching Worldwide Exchange on cnbc. Good morning, good afternoon, good evening im Brian Sullivan the question is this for the markets. How will today go after yesterdays market slide futures are mixed to slightly higher on a futures basis, they are down well call them flat today yesterday, the dow down 710 points all of this on new concerns about growing outbreaks around america and the possible slowing down of reopening plans. Anything travel related yesterday was crushed. Airlines, cruises, hotels. All this as new york, new jersey and connecticut imposed a quarantine requirement on travelers coming in from seven different states that are seeing spikes in cases. Basically, you are not welcome but if you do come, you have to stay at home 14 days you can see the airlines al ....
Is time to double down on this red hot sector what it is and why the charts have it feeling so bullish. The feds stress test results are out. The fed is requiring large banks to limit dividends and buybacks after analyzing their resiliency during the pandemic the fed said that for the Third Quarter it is suspending the firms share repurchases, capping dividends and allowing them to proceed based on a formula derived from recent income the largest banks had already ended buybacks through the end of the Second Quarter but this actually takes it a step further. The fed will reassess those plans on a quarterly basis for the first time in ten years of stress testing, banks are required to resubmit their capital plans later this year to reflect the current environment. The vice chair notes there is material uncertainty about the trajectory for the economic recovery and its impact on ....