Your money, your life, your future now becky quick. We begin with whats for dinner from beyond meat to impossible foods, plantbased Protein Companies are growing in popularity but cattle ranchers are fighting back. Jane wells went to a ranch in montana to see what cowboys have to say about this new industry got beef is this weeks cover story. Reporter bretts family has been raising cattle for five generations across wyoming and montana in some of the most beautiful country in america. All i ever wanted to do was be a cowboy. Reporter they are facing a rival with a lot of momentum fake meat made from plants Companies Like beyond meat are tiny compared to a National Beef herd worth an estimated 67 billion but ranchers are taking notice and they have a few beefs. We are not against science. We are not against people wanting to make new products we just want to make sure were on a level and even Playing Field where everybody goes by the same regulations and same rules. Reporter beef number
And china next month. Investors view that meeng as a sign of progress in the conflict between the worlds two economic superpowers and that eventually it will be resolved. Trade developments hav moved the market both higher and lower inin recent weeks. Today, stocks rose along withst ins sentiment. The Dow Jones Industrial average rose 372 points to 26,728. The nasdaq was up 139, and the s p 500 added 38. Seema mody was following all of the action from theoc new york exchange. Reporter for the second straight day, easing global tensions sparked alobal rally. Stocks jumped on hopes that the u. S. And china will come to terms on trade. Officials from the two countries now plan on resuming highlevel trade talks in october. Triple digits close i c best twoday rally in three months. A wide range of stocks participated in the rally technology, consumer discretionary, industrial stocks like 3m and caterpillar that do business in china, p ps a number of retailers that sourceuc pr and sell their
Im sara eisen look at whens driving the action higher. A thaw in the trade war again. U. S. And china resuming tariff negotiations in october. Strong Economic Data helping ease some recession fears and the s p moving back above the 50day moving average. Key technical level. Tech stocks are leading the rally. Two big interviews coming up on closing bell. Box Ceo Aaron Levie and with Consumer Staples near alltime highs kimberlyclark ceo michael hsu will join us see both interviews only right here on closing bell. Joining us for the entire final hour of trade is stephanie link. Welcome back, stephanie. Thank you. So are you a buyer on this trade rally . I bought a couple things today. I added to a few positions, nothing new, nothing big, but i think the debate will continue are we going into a recession or seeing Slower Growth i have been saying i think Slower Growth mode and a lot of that because the consumer has been quite strong. I know a lot of people talking about that i spent this w
Than we hoped to get you in this role, were glad to have you at the helm. We look forward to helping you get a full complement of folks there at the Budget Department as well. The budget approach takes a different approach this year than weve seen in the past. This is portion of the department that falls outside the scope of our committee here. The administration has also requested robust fund frg the cleanup of Nuclear Waste left behind by our countrys cold war legacy. The budget request proposes deep cuts to research and development for energy and science. It also proposes to phaseout innovative programs that have had demonstrated success. I understand what drove this proposal, but im also concerned by certain parts of it. The United States is the world leader in science and energy. We like it that way. We want to keep it that way. And at the core of that is the work done at our National Labs and universities by the men and women who dedicate their careers to further science. Members
Than we hoped to get you in this role, were glad to have you at the helm. We look forward to helping you get a full complement of folks there at the Budget Department as well. The budget approach takes a different approach this year than weve seen in the past. This is portion of the department that falls outside the scope of our committee here. The administration has also requested robust fund frg the cleanup of Nuclear Waste left behind by our countrys cold war legacy. The budget request proposes deep cuts to research and development for energy and science. It also proposes to phaseout innovative programs that have had demonstrated success. I understand what drove this proposal, but im also concerned by certain parts of it. The United States is the world leader in science and energy. We like it that way. We want to keep it that way. And at the core of that is the work done at our National Labs and universities by the men and women who dedicate their careers to further science. Members