Power lunch starts right now. Welcome to power lunch. Hi, everyone. In today for kelly evans. It has been a long road back, but the s p 500 right now is near those record highs from february. About 1. 5 away. But as the nasdaq lags the browder market, check out some of the cloud names under pressure. Cloudflare, dropbox, zoom, and docusign. And you can see these moves playing out the industrial sector slee sector is leading the way as is energy. Tyler. President trump signing a number of executive orders over the weekend to expand relief efforts amid the coronavirus pandemic. As congress failed to get a deal done. Steve liesman looks as what the impact of these executive orders could be. The president s orders over the weekend getting mixed reviews today from economists. In just the past hour, jp more conpublished a report saying, quote, the executive orders could reduce the urgency for congress and the white house could get a more comprehensive deal done. If this is all we get for a f
So bad that were going to be debating whether were in a serious recession or depression. We have pockets, though, of strength Like Technology and health care. But those pockets cant offset a very weak backdrop, can they we saw it again today. The dow lost 218 points. The s p 500, it tumbled. 7 . But the techheavy nasdaq also had the darn gall to rally. 51 , and was up a percent most of the day. Oh, the indignity. If you make technology that helps businesses cut costs by firing people, or having them stay home, youre doing great. If you make something people literally captain live cant live without, medicine, terrific Everything Else is a drug here staggering layoffs and the big drop in the index i am worried about, or at least a lot of what im worried about which is 9 s p 500. It gets worse. If you run a business leave it to the u. S. Economy and not chinas economy, well, now your stock is getting walloped. Over and over in the earnings season we see Companies Report an incredible 2 1
Family. Mike bloombergs gaffs are growing by the day. Latest insult hurled at farmers. He defend it. All that and so much more on making money. Charles individual investors are getting in a really good mood. The nasdaq up 8 1 2 in 2020. All the markets are closed today, nasdaq and s p did close in record territory on friday. Earnings continuing to have a monster quarter. Revenue up to 30 trillion, that is a three month period for Companies Reporting from the s p. The next pig one big one to report will be walmart. Whether the economic momentum will continue, advisor to President Trump, steve moore. Steve, thanks for joining us. Hi, charles. Charles lets start with this proposal other potential proposal to help americans get started in the stock market. How would that work . Let me be clear this is just a proposal. The white house and my buddy larry kudlow are working on a lot of ideas but one of the ones were interested in a cut would allow people to put 5 to 10,000 he have year, charl
Coming up at 9 15 how hundreds of thousands of dangerous tumble dryers could still be posing a fire risk in uk homes. And in sport, Warren Gatland ends his 12 year reign as wales head coach this morning, in their third place play off match against new zealand in the Rugby World Cup. Good morning and welcome to the bbc news at nine. Nigel farage has called on the conservatives to form an election pact with his brexit party. Ahead of the partys official general election launch, mr farage said the two parties need to form an alliance, but refused to comment on speculation that his party would field fewer candidates, to give borisjohnson a better chance of winning the election on december 12th. Lets get the latest from our political correspondent, jonathan blake. Good morning to you. A really interesting intervention from nigel farage as we wait for the Brexit Party Campaign launch this morning, a man without any mps but could play a man without any mps but could play a significant role in
The Online Market in domestic slaves claims its enabled by google, apple and instagram. And coming up how hundreds of thousands of dangerous tumble dryers could still be posing a fire risk in uk homes. Good morning. Welcome to bbc newsroom live. Im annita mcveigh. Nigel farage has called on the conservatives to form an election pact with his brexit party. Ahead of the partys official general election launch this morning, mr farage said the two parties need to form an alliance, but refused to comment on speculation that his party would field fewer candidates to give borisjohnson a better chance of winning the election on december 12. Meanwhile, the snp leader, Nicola Sturgeon has promised whoever wins the election will receive a formal request to allow scotland to hold another independence referendum. Lets go live now to that brexit party launch, because nigel farage, as you can see, is beginning to speak. Yet, more broken promises, and indeed, a breakdown of trust and faith, not just a