On the consumer. We will dig into the fallout there as power lunch starts right now. Tyler, thanks. Welcome to power lunch, everyone stocks are selling off hard for the second day in a row. We are near session lows right now with the dow down about 600 points thats a 2. 4 drop for the dow for the s p the nasdaq down 2 today but if you add up yesterday and today, all three of these averages are down about 5 in just those two sessions. Take a look at some of the moves weighing on the dow. You have boeing, United Health, visa down 4 we were just discussing United Health a lot of different challenges there. Lets go to the New York Stock Exchange with a run down on todays selloff. Hi, bob. Kelly, an old saying on bleet if you cant trade on the fundamentals, trade on the technicals s p 500 the last two days this was yesterdays low, midmorning, another drop volume picked up, trading on technicals this happened a little while ago and the cdc announcementadded to new lows for the day. New lows
Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
Think it makes him weaker. If you are still not sure, 202 7488002. We will also read your Text Messages at 202 7488003. Tell us your first name and where you are texting from. We are on facebook at facebook. Com cspan. Happy sunday, happy christmas week, a lot to talk about in the next three hours. I want to talk about some breaking news from north korea. Trump careening towards a christmas crisis with north korea. Here are some of the details. President trump is pulling out all the stops to convince north korea to return to nuclear talks, delaying married till your delaying military exercises and sending a top envoy to the region to reassure jittery allies. Democrats are calling on the president to stick to diplomacy and even strive for a limited interim agreement while lawmakers in both parties want the white house to be more transparent about what it knows about north Koreas Nuclear capabilities. Dictator, kim jongun, shows no sign of restarting the talks. His regime has promised th
And walnut creek, richmond getting that wet weather as you put this into motion you can see shower activity pushing to the east. We have more wet weather through the afternoon, and the evening. And rain fresh, snow in the sierra. Winter weather advisory until 4 am sunday because the snowfall at 6 to 10 inches of snow, the highest is 15 inches so that means travel delays likely as well for tahoe. You can see the live look in the sierra right now with that snow coming down. We will see that heavy snow as we go through the afternoon. Napa police are investigating a double shooting that happened overnight, and two people ended up in the hospital. Residents tell us thats just what they expect nowadays, even in downtown napa. Reporter two groups of people were kicked out of a local restaurant here in downtown napa when they eventually made their way here to downtown jos. They were quickly asked to leave and thats when things escalated on the street. Early this morning, caution tape blocks of
Backlog was growing in the Second Quarter thats according to tesla. Thats proof that theres not a demand issue here. Also, the companys guidance has not been lowered the bears counter that by saying, yeah, but they didnt reaffirm guidance. They could have done that yesterday. They did not do that also, there were details regarding these deliveries that were lacking in terms of how many went to china, how many went to europe, a few other details people would like, and they also point out that the margins are likely to be under pressure when the q2 financials come out later this month. Thats why most of the analysts reports, it basically comes down to this, the analysts reports essentially say these are numbers that support the idea that you can lower expectations for the Second Quarter, but fullyear numbers youve got to hang onto whether or not you buy into them being lowered from where they are right now in terms of the loss expected. Phil, thank you joining us now, cofounder and early