Alltime highs today and if you just looked at the market, you would have no idea, frankly, about the civil unrest across america, as thousands continue to take to the streets to protest Racial Injustice and inequality demonstrations last night a little more peaceful than on prior nights were going to dive into what could be a Tipping Point here in the u. S. Power lunch starts right now tyler, thanks stocks are at their highest level in three months as the rebound continues at a furious rate for more on the road back to record highs, lets get to dom chu. Hi, dom. Hi, kelly, lets talk about the massive amount of green youre seeing on the screen right now. As you and tyler mentioned, the vshaped recovery continues to move the dow industrials, 400point gains, about a percent and a half to the upside the s p 500, 3116, the level there. 1 gains there the nasdaq actually lagging for a bit now so far but lets take a little closer look at the nasdaq specifically the nasdaq 100. Because as tyler
Head of thee to the oecd and the chairman of bp world. If you are in london. And minimizes a little bit what was the most drop for u. S. Stocks into years. 10 out of the 11 sectors on the s p 500 are making gains and driving the index to a close over 1 . We saw gains in the Dow Jones Industrial average. Spot 85. Re at two the point to make here is on the u. S. Junk bond market which had its worst week in two years. We talked about the this a little bit on the show. Corporate bonds have been accelerating, handing investors there weres lost their worst loss since the oil slump. Let us show you what has been happening around the world. We have some pressure coming through in the commodities space, specifically on crude and hedge funds. They have been scaling back their bets by the most since august. We have the red count. That is weighing in on the broader picture. We will discuss that later on in the program. The cable tray 1. 38, down 6 10 of 1 . That is the weakest in three weeks. That
Kind of a mix. Spain and france both slightly in the red the ten year note yield holding firm around the 2. 2 or so percent. You can see at the bottom of our screen weve gotten that news. Equifaxs stock had been halted. Rick smith announcing he will retire as the companys ceo. Want to get more details on when that retirement is coming, whether its immediate or not. Of course, hes been undergrea pressure given the huge breech there for some 143 million or so potential accounts that were compromised. Some might wonder what took so long. Yes. Already two Technology Executives left the company the week before last the stock has been in pretty much free fall today its been characterized as retirements as well its a couple of weeks ago saying he certainly shoulding fir should be fired. He has been dismissed. Take a look at the press release. Im not clear as to whether effective today okay. Thank you. Mark felder, current board member mark felder is now chairman and there is an interim ceo. T
Risen from recession. For six years weve been working to rebuild our economy on a newfounddation. What i want people to know thanks to your hard work thanks to your resilience america is coming back. Melissa well lets bring in todays business panel. Fox businesss charles payne. Jack hough from barron soes and stacy snyder is a attorney and an author. Charles payne, in the a block so excited to be here. What do you think about taking message to kansas fighting for the middle class, are you buying it . Im not buying it but i would like to articulate what the newfounddation is. I love the old foundation, capitalism, free markets religious rights, religious beliefs. Individual success. Pull us up by the bootstraps. Those are pretty good. Those leapfrogged us in front of the entire world in short period of time. I think we spend a lot of time trying to break those down they kept us afloat. Melissa he is staying at holiday inn. That is very middle class. Probably gets triple reward points. M
Freddie gray death is ruled a lomhomicide Baltimore Police officers face murder charges. 5 of those officers have been taken into custody. With todays official indictment, i have ordered Police Commissioner to utilize the full extent of his legal authority, and immediately suspend all officers facing felony charges warrants have been executed and 5 officers are in custody. Wow. President obamas speaking out on the death of freddie gray, saying it is vital to get to the truth. It is absolutely vital that the truth comes out on what happened. To mr. Freddie gray. And it is my practice not to comment on the Legal Process involved that would not be appropriate. But i can tell you that Justice Needs to be served. Melissa officials are bracing for a round of protests in baltimore and the nation, we bring in our panel arthur. And veronica. That is a serious charge Second Degree murder, what do they have po prove happen. They are going in new york it called depraved indifference. Something tha