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Plan, but Republican Leaders warned the gap remains wide. Mitch mcconnell says the plan contains poison pills. Bloomberg economics cuts its growth forecast for japan, saying the recovery is weaker than expected. This hour brings a survey showing what business thinks. We are getting breaking news crossing the bloomberg. President trump has moved to sign an order which would expand u. S. Mining, citing a threat from china. President trump has moved to expand rare earth mining in particular according to an official. We know china has in recent years have a huge presence when it comes to rare earth mining, which is used from everything from cars to mobile phones. Officials say President Trump has moved to expand rare earth mining for the u. S. There is a political element where union votes will be key going into the election. We will get you more details as they get to us. L ....
Has recovered some of its earlier losses today. Giving extra impetus to the downside when it comes to the ftse 100. A little divergence when it comes to the bond market. , movingeeing treasuries in Different Directions today. We did see some fairly negative assessments coming out of the institutes and generating today. In germany today per it significant downgrading their expectation for German Growth next year from 1. 8 to 1. 1 . Not exactly a great day if you were long on european equities. Romaine hear things are not much better. Support, wene of spoke to that within the first 60 seconds of the open here. This is the kind of day were market technicians make their money. 28. 37, and a lot of that the client. A lot of the folks tied to the economy. Youre seeing a lot of the luxury names tapestry, tiffany bringing the market lower. A wild ride over the past six or seven ....
Turn. Oil gains for the first time this week after saudi arabia signals export curbs curbs stabilize prices. Shery lets get a quick check on how markets performed. We see u. S. Futures under pressure right now, down. 3 . We just got the news that the white house has halted temporary licenses to sell to huawei. That is putting pressure on the market, dampening Investor Sentiment after a strong day on the markets here on thursday. We saw the s p 500 gain the most in two months. Was in the green actually managing to erase the losses we saw earlier in the week. We saw tech and Energy Leading the gains. The nasdaq up for a third consecutive session, up 2. 25 percent. Energy was also up in the session as we had oil gained ground. We heard saudi arabia was contacting other producers in order to find a solution to stem declining prices as trade tensions continue between the u. S. ....
Im Michelle Caruso cabrera. The dow and nasdaq and s p 500 hitting alltime highs. The dow in particular has been unstoppable, on the longest winning streak since july. Up to the eighth straight trading session. Commodities are always volatile. Check out nat gas down 9 . Its been warm in the northeast. Huge part of the nation has been warm. Take a look at that. A decline of 29 for nat gas. Dont see that very often, tyler. Michelle, thank you very much. Because you can never have too many lunches, welcome to power lunch. Im tyler mathisen. We begin with this rally in the stock market. For that, lets go to bob pisani. Hi, bob. Hello, tyler. Happy tuesday, everybody. The important thing is this is a global rally. Its not just the s p 500. Not just new highs here. Germany hit a 52week high. Brazil hit a new high. Canada hit a new high. Some of this is on the commodity rally but theres a global rally going on, two powerful forces movin ....