With a new show on cnbc, highlighting Small Businesses and the people behind them across the country power lunch starts right now welcome to power lunch. Im john fortt take a look at whats driving the Market Health care stocks the biggest laggards while industrials and financials lead the way. Check out the bank names all higher tesla, the big winner. At the highs of the session, helping to turn the nasdaq almost positive, close to break even midday. Morgan stanley final upgrading the stock to a buy after a 500 gain this year lets get to bob pisani for more on these markets bob, you got me . Maybe not. Kelly, do you see what is happening with these markets i mean, were showing the sector snapshot here. Weve got s p retail is higher ahead of a Holiday Season we expect to be really strong for ecommerce and weve seen strong results this week from walmart and target yes, we do. By the way, i want to point out well, i want to point out that the dow turned negative only in the past hour or s
Decide how the e. U. Will distribute 857000000000. 00 in coronavirus bailout money. Another single day rise in virus cases in india with another 14000 detection is being reported. In china sees its worst flooding in decades the Authorities Say 24000000 people have been affected. Developing story for you that much awaited report on the results of the 1st human Clinical Trial of a Coronavirus Vaccine developed by the university of oxford and astra zeneca he is out it has dropped in the past few minutes live now to oxford and our correspondent paul brennan policy reading the report there tell us more. Well struct in the last 20 minutes just been skim reading it and it certainly looks very positive indeed although there are some caveats that the report also has put on it but let me give you the positive aspects to start with 1st of all the vaccine that is being produced by the university of oxford and the general attitude it says is safe and induces in an immune reaction strong antibody an
To boost your immune i. Despite the Global Pandemic and 2 fatal accidents boeing is now testifying its 737 max jetliners the federal Aviation Administration is working to help certify boeings new was plane that reportedly has made improvements since its last crash so what does this mean for the companys revenue stream r t correspondent natasha sweet is in los angeles at the International Airport with more of the f. A. A. Is indeed ready to fly the boeing max 737. 00 confirming those test flights could begin as early as today and now were seeing the market response in their favor some 800 boeing 737 max jets are grounded but according to a routers media reports student wafer along in an email to congress the f. A. A. Said its type inspection Authorization Board completed its review clearing the way for flight certification testing to begin which the email says could stay. It is early as monday in response boeing shares are on the move their stock is up again as much as 11 percent in tod
From john hopkins showed the crown a virus or past half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks Health Experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new Coronavirus Infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the European Union opens its borders the European Commission declined to comment on the list of countries whose citizens will be allowed to enter the e. U. In the coming days. Were not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. But for the moment do is a process of Decision Making process in the council. And we do not want to speculate on what the final result will be and amid a spike in coven 1000. 00 cases
Are sold. Faa administer testifies about airplane Safety Standards and oversight. The Senate Transportation committee is investigating the faas safety certification process after two deadly crashes involving the boeing 737 max aircraft in 2019. From earlier today, this is just over two hours and 45 minutes. Good morning. Today the committee convenes for a hearing on the federal Aviation Administrations oversight of aircraft certification. I welcome our witnesses, faa administer steve dixon and michael stumo, father of samyo who tragically died and thank them for participating. March 10th marched the oneyear anniversary of the crash of ethiopians flight 382. The aircraft involved in both accidents was the boeing 737 max. Our deepest sympathies continue to go out to the families of those loved ones who are among the 346 souls lost in these crashes. Since the Ethiopian Airlines crash, the committee has heard from many whistleblowers at the faa, at boeing and in the Aviation Industry. It i