Note, the hang seng. The hang seng hitting the highest level since june of 2015 during that session. The picture of europe here, inflation data hit the tape moments ago. A mixed bag. Fractional losses in germany and france. Home depot just out with First Quarter results. Earnings of 1. 67 a share, coming in 5 cents above estimates. Global Comp Store Sales were up 5 , that beat the consensus of 4 . U. S. Comps were up 6 . Wae above e home depot raising the fullyear earnings forecast. Market reaction in the currencies from the Washington Post story. I to be honest with you, i didnt buy it because what were seeing across the board is that people are willing to take on a little bit of risk. Euros are turning to levels since before the french election, yen is coming off. We saw the chart. Its been a while that the dollar euro has been strong. You can do just about anything you want in the Financial News reporting, sort of and im sure we didnt make that up. Im sure the person that wrote that
Phone game . Kodak. Kodak, yes. Say what . Power lunch starts right now. Welcome to power lunch. Im melissa lee. Stocks are turning south, posting their first losses in three sessions. The shift wiping out nearly all of the weekly gains for the three major averages. Pretty much hugging the flat line with the nasdaq and s p 500 in the red. Telecom, energy, worst sectors. Utilities and health care holding out. Mobile eye, getting a nice pop on the back of the tesla autonomous drive news. That was the mysterious tweet elon musk sent out yesterday. Thank you. Heres what else is happening at this hour. New data shows investors pulling 28 billion from hedge funds in the Third Quarter. That puts the Hedge Fund Industry on track for its first annual outflow since the financial crisis. The dollar hitting a sevenmonth high after the European Central bank left rates unchanged. Well get more on that, but lets forget bad hombre and all the other memorable moments from last night because one comment
Money have been enjoying lately seems to be fizzling out just a bit. The dow is down, not by much at all, about 22 points, but with todays drop that takes the dow negative over the past month. Melissa. Melissa lee. Heres what else is happening at this hour. A bunch of retailers missing the market. Another dose of earnings reports, target, lowes, staples all sharply lower. A brazilian judge ordering u. S. Olympic swimmer ryan lochte to stay in brazil as authorities investigate his claims of being robbed at gunpoint. Lochtes already returned to the u. S. Well have much more on this story from rio ahead. And speaking of the olympics, medals keep rolling in for team usa, america leading the medal count with 84 in total. China trailing with 51 followed by great britains 50, tyler. Melissa, thank you very much. Im tyler mathisen. Welcome everybody to power lunch. Weve got a very busy two hours ahead beginning with that big reboot shakeup inside the Trump Campaign staff. Is this whats needed
Series. Lets go to Lindsey Matherly with a look at the forecast. A significant change is expected today into thursday as a winter region. This will bring gusty winds wednesday followed by snow and rain this evening through thursday. Another weak system is possible friday night, before the ridge rebuilds over the west with warming temperatures into early next week. Short term. Winds. Flint michigans water crisis still hasnt been solved. Lead levels there are still far above the federal limit. The top doctor in the us was sent to the city to listen to the impact the contamination has had on residents. Hundreds of people lined up to tell their horror stories. One woman saying she lost two unborn babies because of the lead. Another woman said the lead caused her to break out in a rash and has affected her breathing. Michigans Health Department is now under review for failing to alert the public about the contamination. Us surgeon general, doctor vivek murthy, has been investigating flints
In times square only on gma. All right, and good morning, america. There he is, c. J. , the winner of the Westminster Kennel Clubs best in show award. Hes just arriving here in times square. He took a walk there on our green carpet in case you missed it. We cannot wait to meet the top dog coming up. Hear what he has to say about his win. The biggest bone of all. A greatlooking dog. Walks like a winner. We will get to that. We have breaking news overnight. Apple is refusing to follow a Government Order to hack the San Bernardino shooters phone. The fbi believes important clues about accomplices and more plots could be hidden on the phone but apple says complying with the Government Order could endanger everyone with an iphone. Abcs Pierre Thomas has all the latest from washington. Good morning, pierre. Reporter good morning, george. Its a showdown between the fbi the fbi trying to force apple to open that iphone as it hunts for clues in the San Bernardino massacre. Apple saying no way a