The fda giving the green light to one of its power drugs. Power lunch begins right now welcome to power lunch. Take a look at this record rally. All three major indices hitting new highs. The s p and nasdaq also higher and she can out the semiconductor. The smh tracked the group up more than a percent. Well have more on that, later thank you very much. Two trade deals in one week. It was supposed to quite all those trade concerns but some are now questioning the feasibility of the deal with china and now mexico has objected to some of the terms of the new usmca. We are joined from washington. Mexico said its a deal breaker that the white house and democrats agreed to put monitors on the ground. The u. S. Trade representative in a recently released statement saying the five attaches will be no different than those already representing other agencies there saying these personnel will not be labor inspectors and will abide by all relevant mexican laws and those issues will be conducted by
Its a horrible feeling. Well bring you the very latest as they come in and out of london. The commanderinchief looking to move past the chaos and washing said including the testimony yesterday. Hes getting america back to work. The 71st birthday. The apprenticeship initiative, a plan while appearing with his daughter in wisconsin yesterday. Of future while a great apprenticeship opportunities for young city said and study things they want to study and study things are going to be great at. Workforce development is at the heart of the administrations agenda and we are very excited to be there today and the great work being done. Train to mourn the president s job plan coming out. Take a look. Stronger as we see features indicating a gain of 20 points. About 10 points on the nasdaq. We are awaiting the Federal Reserves interest interest ratn closing the twoday meeting expected to raise a quarter of a point as the loss or eternal is tasking director of the Economic Council launching the s
Immelt. Adapting to a new media and Political Landscape following Donald Trumps surprise victory one week ago. And efforts to control hate speech onity platform, google banning new fake sites reportedly from using its proprietary Advertising Software and facebook continues to push back saying fake news on the network helped skew the election in trumps favor. Nick, question this morning in my favor . At large is facing some kind of identity crisis. Its interesting. I wrote a column for vanity fair in april that said Silicon Valley created donald trump. The backlash i got from that was insane. People saying it was nonsense, there was no base to it, i was making stuff up. Now theyre all realizing that they did. You know, there were no rules, no regulations, no anything on these platforms. And trump used that to his advantage. And, you know, it was propaganda. It was lies. It was fake news. It was everything. And these platforms did nothing to stop it. Now, finally, theyre looking at thems
In europe but the impact of vws emissions scandal has yet to read through. Could the dream house be haunted . Weak sales of barbie dolls weigh on mattels earnings missing forecasts in the Third Quarter. Okay. Lets check in on u. S. Futures since were coming off a pretty strong rally yesterday. The s p at its highest now in two months so the implied open is telling us that were above fair value. Were up some four points when markets kick off. The Dow Jones Industrials looking at gains of 26 points or so. The nasdaq pricing in advance of 13 points. Lets bring it back to the markets and we have a bit of a theme going on. We do, indeed. The theme is a negative one coming from china which is taking its toll on earnings for various companies this quarter. Lets kick off with nestle which cut its full year outlook in part because of weakness in china which the ceo describes as a mixed bag. Nestle shares are off 2 . Hugo boss is off 10 . It stunned investors by cutting sales and profit targets
Of the force. Starting today you can watch all six films in digital hd through itunes amazon and google play. Well talk about all the media stories with legendary tv producer tom werner is going to join us at the top of the next hour but in the meantime lets get you you to speed. Heres how the markets look. Dow up about 17 points higher. Nasdaq up about 3 points and the s p 500 a little over two points. What are you looking at me like that for . I mean do i sound this is how people felt with me here last week. Do you know what you look like . Do you remember pig pen when he would walk all the stuff it was dirt. With you its like i feel fine. You have mucus. A little froggy in the throat. Thats how it sounds to you . How does it sound to you. Like i want to lean way over here. Is this a drug resistant you brought this from the other side of the world. Its a cold. Thats all it is. And im supposed to sit here and not be scared. How did you do last week . How did it sound. Let me read this