Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Plus, there are fewer than 50 days until christmas and wall street is concerned about a retail apocalypse. We have the details about that, and later, its been choppy waters for Royal Caribbean the stock is cruising higher the ce will be here for an exclusive interview. Power lunch starts right now welcome toll power lunch. Im melissa lee. The major averages are recovering somewhat after falling in the red on reports of a delayed trade deal we have the dow and the s p 500 marginally higher right now. The nasdaq is down by a third of a the russell taking it the hardest. Lets get over to bob pisani for more theres been reports theres no clear deal yet over the terms of a phase one deal with china, or even whether president xi is going to come to the table on the deal industrials, theres your classic one, caterpillar, 3m, united technologies, theyre all down a bit today some of the semiconductors like micron also a little weaker as you mentioned, coming off their lows we had a buildup in c
Tonight. See if you recognize their names. Weve got the top Economic Issues that will be front and center and Dale Earnhardt jr. Joins us live power lunch starts right now. Stocks are up, after the session highs. The dow up 112 points earlier. Intel, apple, boeing fueling the gains now. There were reports that boeing is in talks to reimburse airlines after that 737 max grounding. Those planes still on the ground, kelly. Thanks. We are just a couple days away from the end of the second quarter. The s p racking up gains, but the gains are getting narrower and narrower bob pisani is on the floor at the nyse bob . The s p is up about 3 this quarter, but its been a super big cap rally. So just take a look. The s p, again, up 3 . The big caps only up. 4 small caps, look at this down for the quarter thats what i mean big cap rally. But the biggest of the big ones are the ones really pushing the markets around in this quarter so look here five stocks, microsoft, facebook, amazon, disney and ap
5 on a 30year yield briefly. Very close to 4. 90 on the 10year yield. Tom mathematics is important and we do not do methods early in the morning. From a careful analysis to looking a vector down freefall. Something changed yesterday and mathematics went out the window. This is a warning of price analysis and fixed income. Not to be inflammatory but it borders on freefall. Jonathan our price has been hammered, particularly over the last few months. 4. 8146 on a 10 year maturity. Lisa a what is the Circuit Breaker . It is not coming from washington, d. C. This not look like there will be a resolution without leadership. Job openings are coming out stronger than expected and manufacturers are also better than good. What point do you get a Circuit Breaker from something other than people who start to buy . Jonathan over on a speaker liz house, he had to say, this is wholly consistent with the broader structural concerns regarding American Local dysfunction and the countrys trajectory. Thos
Im dagen mcdowell. In for trish regan. Welcome, everybody, to the intelligence report. President trump in extraordinary snackdown of steve bannon, accusing the former aide losing his mind, in it for himself and trying to tear down the country. What does this mean for the president and his base, his most loyal followers . The stock market hitting alltime high, as one Prominent Bank hinted that the stocks could surge 19 this year. We have the intel. East coast bracing for a major storm, one the National Weather service is calling a bomb cyclone. We have the latest. First back to our top story. President trump blasting former white house chief strategist steve bannon. Our adam shapiro is live at the white house with everything. Adam . Reporter thats right, dagen. What a few hours it has been since the guardian First Published excerpts of the book coming out next week, fire and fury about the trump administration. Steve bannon wrote it. What ignited the president and bannon, the quote from