Dominating the weekend and it could be just the beginning of disneys total takeover. Power lunch starts right now and welcome to power lunch. Im melissa lee. The nasdaq, the big winner today with tech stocks taking the lead as chip stocks rip higher, and check out the dow downers today. Boeing falling after fitch cutting its outlook for the giant to negative. Pointing to the uncertainty around the 737 max grounding and Johnson Johnson taking a hit about 1. 5 as the Company Fights thousands of claims around its baby powder well have much more on that story much later on. Kelly. Thanks. The fed is entering its blackout period ahead of the july meeting next week, so there will be no more fed speak before that decision but its not stopping the president from weighing in he tweeted earlier today in favor of a rate cut, saying the fed raised rates far too much and too fast it appears the great rate debate is still raging. Steve, what the data reveals, to cut or not cut that blackout period a
The s p is fairly flat, up by 1 10 of 1 . 1 . We are keeping a firm eye on brussels. European leaders are at work again. They just started there may meeting to decide to leave the European Council and european commission, and by extension, the European Central bank. The current head of the imf is being talked about seriously as a contender to take over from mario draghi. Lets get the latest from maria. The main meeting has started after a series of side meetings. What we know on account of how much information we have at this point . Maria in terms of official information, we have nothing. It is speculation swirling around. Weve spoken to a number of diplomats who say Christine Lagarde is being considered to her crate replace mario draghi. She was now the name of the running yesterday, but appears to be now the frontrunner. Conditionality, if Angela Merkel manages to get her defense minister to become the next commission president. Surprise. She was not on the list. The good thing, it
Last week, it fell 5 . The threeweek losing run seems to be coming to a finish. Sovereign bond yields, commodities. The difference between long and short data yields in european government bonds, investors say it will narrow this year, similar to Global Investors benefiting from a finding in the bunker, the german 530 year spread trading to the lowest level since 2016 led by increases in the shorter amid expectations the ecb will raise rates in the next year or so for the First Time Since 2011. By atrended is abetted inflation limiting the increase in longerterm yields. A wonderful chart. This is another wonderful chart, u. S. Dividend payouts may have lost their luster as 10 year treasury bond yields advanced to multiyear highs. Some say approaching a threshold , a pain threshold for equities. Europe, however, holds the theard with companies in stoxx 600 offering dividend yields and the 6. 3 is the blue line, the highest among main markets across the globe. Close to 300 basis points a
Hair. Richard simmons. There you go. He does look like him. He does. That was the hairstyle. I think photos of dave clark with that hairstyle. That song was a big hit for leo sayer. I am trying to think of others. That might be a onehit wonder. If youre younger than 40, do you know leo sayer . Has that name crossed your lips . Even me. He still loves you even more than you can say, so. Oh. And anyway, thank you for waking up with us and playing name that tune. Some of you are shouting at the screen you know who it was as well. Its wednesday, april 26th. Im pam cook. And good morning, im dave clark. Were going straight to steve pahlsson. I believe that song a couple of members from the crickets from buddy hollys band. We have a lot of trivia here. We do and thanks for the responses why you get up so early from i have to get up, its quiet. Get work done before the kids get up. I need that me time. Steven dunlap in fort bragg, hey, raining again. 55 and. 15 there and that is the focus tod
We have second half strategies coming up for you. Vertex, activism, blizzard, and within resorts are among the winners in the stock market today. Good gains thats just showing you todays gains there. Foot locker, devon energy, and kroger are some of the bigger losers we always try to discern larger trends from looking at the individual stocks. The kroger story we know well. For sure. Whats old is new again well get you details on a firms turn around plan. You may have heard Berkshire Hathaway is now the largest share holder in bank of america. But thats not the only company where warren buffet is the top shareholder. I love that story, he bought the preferred. They raised the dividend he converted and now he made 12 billion in the process. You have to hand it to hill when everyone was panicking, he stepped in and made so many deals. Buy low thats how that works. Lets get to the market. So far the nasdaq is up more than 14 while both the dow and the s p are up roughlile . But thats star