And a controversy is brewing over whether south korean k. Pop stars b. T. S. Should be allowed to dodge a military service requirement. And you have to go with sports and nearly a year after began football 0 police is set to reach its conclusion after a coronavirus hit season with 5 time champion severe taking into milan for the trophy. Libby is a warring factions have declared a cease fire the internationally recognized government in tripoli and its rival based in the eastern city of to broker have ordered their forces to stand down both sides say theyll come up with the security arrangement for the city of sirte the fighters from both sides are gathered at the tripoli based government also wants the drill for air bags to be deemed. Militarize surge is a key gateway for libyas oil exports to World Markets and is currently under control of forces loyal to warlord holy for half the hour this is finance of course for production to restart for the benefit of all libyan people and it calls
Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
Now. Power lunch starts now thanks welcome to power lunch broadcasting from a secure and undisclosed location the nasdaq on pace for its first negative week since june lets go to bob for more on the marks. Bob. Choppy trading but very narrow trading range bio tech sb flat energy, oil has been hugging 40 for a month now. Were down today but up overall in the week. Banks are down but up on the week and had a pretty good week. Amazon down about 8 this week one of the worst week its had in a long time all the damage in netflix has opinion today. The problem is when you have megagabe kaplerture ecagabe kacm players. Thats a head and shoulders, folks round trip the same situation with netflix, really netflix was 500 a couple of weeks ago. It goes to 580 and then its back down to below 500 thats another semi head and shoulders. We keep trying to get over 3230. Were just keep knocking on the doorp that guys have a good weekend. The same to you the Trump Administration is ramping up its rhetori
In protests as the City Council Votes to defund and cut more than 100 officers from the force. We have the latest, plus uprisings in portland and chicago. Markets meantime pointing gains at the open, 279point gain on dow futures. Gains across the board this after mixed performance yesterday. Look at the blue chips go. The nasdaq finishing in the red after a week showing in the tech sector money peeling out of the stocks but the dow gaining more than 1 . 357 points. Protecting your data, flaws and snap dragonship putting 1 billion android phones at risk from a hack attack. Looks to connect all of your Smart Devices to one another. Vaccine risk. Vladimir putin says his country has a vaccine but here at home the epidemic can affect the effectiveness. Checking the world and stock market action, european markets are up across the board. We have gains north of 2 in england, france and germany. In the uk another 81,000 people lost their jobs last month. That number was slightly better than wh
Present your oral testimony. Secretary mnuchin thank you very much. Mr. Barr. Let me express my condolences for your loss. Of the committee, i am pleased to join you today to discuss how the Treasury Department and the Federal Reserve are working together to provide liquidity to the credit households,iness, as well as state and municipal governments. We remain committed to making sure every american gets back to possible. Ickly as americas economy continues to recover from the challenges posed by the covid19 pandemic. The jobs report for the month of may best we exceeded expectations with a record gain of 2. 5 million jobs after experts had predicted nearly 8 million lost. Ae Unemployment Rate is still high but we are seeing additional signs the conditions will improve significantly in the third and fourth quarters of this year. Is bluechip report forecasting our gdp will grow by 17 annualized in the Third Quarter and by 9 in the fourth quarter. The u. S. Chamber of commerce reported t