You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks
Are moving. Auto companies and is Consumer Discretionary stocks outright down major averages. The tight range we are seeing is install. Stocks of now gone into this. This is following the record closes we saw last week. Indeed, automakers are falling mostly, with the exception of tesla. Tesla and General Motors both holding their annual meetings today. June shareholders sided with fresh project about her from David Einhorn to split the company stock. Thats something his push for recently. He was not successful in that. Downs expected shares seventens of 1 . Even as tesla has been rising for what it is worth, analysts consumer adjective tesla the highest price target on the street this morning, 385 a share. We have been watching this what are the other things that might have affected them the monthly black buck price report coming out. Among other things, it said every category of car had a rvse drop last month treat fared better. In addition to that one company beating estimates both o
Are moving. Auto companies and is Consumer Discretionary stocks outright down major averages. The tight range we are seeing is install. Stocks of now gone into this. This is following the record closes we saw last week. Indeed, automakers are falling mostly, with the exception of tesla. Tesla and General Motors both holding their annual meetings today. June shareholders sided with fresh project about her from David Einhorn to split the company stock. Thats something his push for recently. He was not successful in that. Downs expected shares seventens of 1 . Even as tesla has been rising for what it is worth, analysts consumer adjective tesla the highest price target on the street this morning, 385 a share. We have been watching this what are the other things that might have affected them the monthly black buck price report coming out. Among other things, it said every category of car had a rvse drop last month treat fared better. In addition to that one company beating estimates both o
Are moving. Auto companies and is Consumer Discretionary stocks outright down major averages. The tight range we are seeing is install. Stocks of now gone into this. This is following the record closes we saw last week. Indeed, automakers are falling mostly, with the exception of tesla. Tesla and General Motors both holding their annual meetings today. June shareholders sided with fresh project about her from David Einhorn to split the company stock. Thats something his push for recently. He was not successful in that. Downs expected shares seventens of 1 . Even as tesla has been rising for what it is worth, analysts consumer adjective tesla the highest price target on the street this morning, 385 a share. We have been watching this what are the other things that might have affected them the monthly black buck price report coming out. Among other things, it said every category of car had a rvse drop last month treat fared better. In addition to that one company beating estimates both o
David its not just about me. Its about the team. Amanda we have another great ceo coming up. You talked about the technology they have planned. Where the company is going. David it was a great experience. We also have with us peter kraus. He will explain what Equity Managers are doing wrong. Innda we are going to check with our Bloomberg Team for indepth coverage of our top stories. Susanne walker barton is live on where the fed may raise rates. Ryan chilcote talks about the oil Company Spending cuts. Lets start with janet yellen and the fed. June appears to be out. September is not a sure bet. Thats the take from investors. Has beenonomy recently affected by a mix of countervailing forces. To expect reasons that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. Amanda Susanne Walker barton joins us now. Lets start with how the market is interpreting this. Do we get a sense that september may even be off the table . It ma