Welcome to power lunch. Heres where we stand with the markets now. Look at this the dow here right near session highs, higher by more than 300 points that was after yesterdays big market comeback really starting staging momentum in the afternoon. Tech driving the rally today nasdaq up. And check out defense names like lockheed martin. Both hitting record highs today. Higher lockheed by 2 . Northrup by more than 2 despite the fact stocks are rallying right now, slowdown fears are still looming like a dark cloud over wall street. Steve liesman joins us with a rapid update on gdp. The numbers in the trailing quarter were good. But what is the future well, the trailing squaurt is where the action was this time around added inventory and this is the most boring part of economics, but may be the most influential. We had a run off and it ran off more in the Second Quarter remember the 2 from the government when it first came out . Were down another tenth when others were down another tenth to
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