Welcome to power lunch. Weve got the s p and the nasdaq just above the flat line here in the green. The dow is down by. 1 of a percent. Brent crude back above 50 bucks a barrel. Wti crude up close to 11 over the past week. Both are in bull market territory right now. Take a look at oil stock, a fresh 2016 high. Heres what else is happening at this hour. Twitter suspending 235,000 terrorlinked accounts since february. Twitter says daily suspensions are up 80 since last year. Shares are down over 4 right now. Walmart beating expectations last quarter, thanks in part to groceries. Walmart shares also higher at this hour. Team usa continues to lead the medal count to the rio games. 94 in total. And 31 of those gold. Welcome, everybody. Theres a lot to get to today. We begin with the big breaking news on americas jails. The Justice Department planning to stop using private prisons. That is sending stocks lower, down more than 40 . Scott cohn joining us now by phone. Scott, what do you make
Chair Janet Yellens News Conference in just under 90 minutes from now. This is our brangelina. Melissa . Thank you, tyler. Im melissa lee. Were looking live at capitol hill. Tyler mentioned epicenter, d. C. Is today, where the ceo of pharma giant mylan son to be grilled about the controversial pricing of the epipen. Heather brush set to face members of the house. Well take you there live. Ill Brian Sullivan. As tyler and melissa noted, must see tv for your money. We begin with what else, the countdown to the Federal Reserve decision, a clock. If youre on the radio, picture a clock. There is 58 minutes and 39, excuse me, 37 seconds until that decision. Lets get right now to Steve Liesman live in washington with the setup on arguably maybe one of most interesting fed meetings that we have had in a long time, steve. Most definitely, brian. Fed expected to keep rates unchanged. There is some concern, some market murmurs about maybe a surprise by bill grows. He fanned those flames suggestin
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(Bloomberg) Global shipping rates are surging as tensions rise in the Red Sea, after the US and UK conducted airstrikes against the Iran-backed Houthi militants in retaliation for their attacks on merchant ships. Alcoa Corp. releases earnings on Wednesday, marking the unofficial start of the commodity world’s quarterly reporting season, while cocoa’s upward momentum continues.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person Sa
(Bloomberg) Global shipping rates are surging as tensions rise in the Red Sea, after the US and UK conducted airstrikes against the Iran-backed Houthi militants in retaliation for their attacks on merchant ships. Alcoa Corp. releases earnings on Wednesday, marking the unofficial start of the commodity world’s quarterly reporting season, while cocoa’s upward momentum continues.Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shipp