Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
We will have the very latest from barcelona ahead, as power lunch begins right now. And welcome to power lunch. Im Morgan Brennan stocks are sitting around session lows right now nasdaq, the biggest loser. That is down more than 1 . Tech and industrials, the biggest drags today. So check out some of the individual movers. We have got mylan is moving higher its bucking the trend that company is finalizing a 465 million deal with the Justice Department to settle claims it overcharged the government for its epipens and alibaba, rallying on its earnings beat. That stock is up 4 . L. Brands, plunging to new lows on the back of its weak outlook. And walmart lower, despite beating estimates. That stock is down more than 2 . We are going to have much more on whats going on with that stock, straight up ahead morgan, welcome to power lunch. Im Brian Sullivan we begin this hour with breaking news from spain, where a truck rammed into a crowd, one of the main plazas in barcelona it is now official
Nuanced. Im not real happy with the Freedom Caucus. But i have empathy for their position. Did you see theres one guy who already resigned . I have empathy for their position. I think it would have been better to i think the perfect i think they cut off their nose to spite their face. I dont know if they thought about it, the trillion dollars now that they have. 24 Million People will have health care. There you go. Whatever you think. Whatever youre reading. Whatever youre reading, probably continue with happy to get maybe 1 growth for the next eight years but now, the president is supposedly saying, if they wont work with us, well have to find ways to work with democrats. Yeah. They seem very amenable to that. Well hear some comments from him saying theyll be willing to schumer, i saw the compromises. We can go single payer. We can do drug cap price. Nothing was compromise, just solely democratic position. President trump is the closer. He will be able to work with democrats to make
Forces to retake a iraqi town held by isis forces. Donald trump under praise for portraying president eisenhowers plan. We would do it in a very humane way. In new york a news chopper blinded by a laser. We have lasers. They show an officer tasing a man over and over. A protest in missouri may be spreading. College students are calling on their president to resign in ithaca. Police confront a man with a rifle on top after building in San Francisco shooting him to death after he fired the weapon at the evasive hospital. Deadly explosion in new jersey. At least one person killed and firefighters killed 15 people from the rubble. All that. Man is recovering this morning from being attacked by an alligator. What im talking about. George w. Bush stopped by to surprise veterans visiting his president ial library. Got to know him well because we were both on 60 minutes. We were stable mates. Trump and putin did appear on the same episode of 60 minutes in unrelated segments on Different Countr
Forces to retake a iraqi town held by isis forces. Donald trump under praise for portraying president eisenhowers plan. We would do it in a very humane way. In new york a news chopper blinded by a laser. We have lasers. They show an officer tasing a man over and over. A protest in missouri may be spreading. College students are calling on their president to resign in ithaca. Police confront a man with a rifle on top after building in San Francisco shooting him to death after he fired the weapon at the evasive hospital. Deadly explosion in new jersey. At least one person kilild and firefightersrsilled 15 people from the rubble. All that. Man is recovering this morning from being attacked by oh, my god what is this . What im talking about. George w. Bush stopped by to surprise veterans visiting his president ial library. Got to know him well because we were both on 60 minutes. We were stab mates. Trump a a putin did appear on the same episode of 60 minutes in unrelated segments on Differ