And welcome to power lunch. Im melissa lee. As brian pointed out, disney shares getting slammed on the revenue miss. The stock is the biggest drag on the dow shaping off about 20 points off the industrial average. Energy and real estate the best performing sectors, health care and discretionary the biggest losers. Check out the big movers here, yelp about 20 , co it coty soar. Thank you very much, melissa. Welcome, everybody, to power lunch. Im tyler mathisen. Losses at the u. S. Postal service narrowing from a year ago. The ecommerce boom package to offset firstclass mail declining revenue there. And amazon slashing Free Shipping minimum requirement to 25 from 35 for nonprime members. Earlier this year walmart rolled out free twoday shipping for orders of 35 or more. And apple supplier foxcon will begin construction of a u. S. Plant in the second half of the year. We begin today perhaps understa understandably with washington and arguably the most highly anticipated White House Press
Polite crowd. [inaudible] so ive heard. Good afternoon, everybody. As most of you know, sean is on reserve duty for the rest of the week, so i will be briefing you today and in the following days. I have a few announcements at the top before i take your questions. I have an update at the tunnel collapse in washington state. The incident is moving from the emergency phase to the recovery phase. After extensive testing we remain confident that there has been no radiological release. Personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. We expect efforts to be completed today. The site remains closed to nonessential personnel. Dedicated experts on the ground are looking closely at the next steps that should be taken with respect to mitigating future tunnel breaches. In washington, d. C. Today, as sean mentioned yesterday, the president focused on preparations for his upcoming trip. He met with the Russian Foreign minister following up
Polite crowd. [inaudible] so ive heard. Good afternoon, everybody. As most of you know, sean is on reserve duty for the rest of the week, so i will be briefing you today and in the following days. I have a few announcements at the top before i take your questions. I have an update at the tunnel collapse in washington state. The incident is moving from the emergency phase to the recovery phase. After extensive testing we remain confident that there has been no radiological release. Personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. We expect efforts to be completed today. The site remains closed to nonessential personnel. Dedicated experts on the ground are looking closely at the next steps that should be taken with respect to mitigating future tunnel breaches. In washington, d. C. Today, as sean mentioned yesterday, the president focused on preparations for his upcoming trip. He met with the Russian Foreign minister following up
Are there any concerns they made that type of conference . No. Charlie. How important was it for the fbi director failure to come out of the fbi i think that was prob one of the many factors. I mean, you cant deny somebody that that wasnt a probm. I think thats just another one of the many reasons that he no longer had the confidence that the president or the rest of the fbi. Can we expect more firings from the Justice Department . Not that im aware of today. Going forward, does the president want the department of justice to shut down what he call the taxpayer funded charade . He wants them to continue what he sees appropriate and continue any on going investigations. Look, the bottom line is any investigation that was happening on monday is still happening today. That hasnt changed and, in fact, we encouraged them to complete this investigation, so we can put it behind us, and we can continue to see exactly what weve been saying for nearly a year. Theres no evidence of collusion betw
Directors failure to stop i think thats probably one of the many factors. I mean, you cant deny somebody that that wasnt a problem, and so i think that was just another one of the many reasons that he no longer had the confidence of the president or the rest of the fbi. Do we expect more firings from the Justice Department . Not that im aware of today. Going forward, does the president want the department of justice to shut down what he has called the taxpayer charade investigation . He wants to continue with whatever they see appropriate, and see fit. Just the same as he has encouraged the house and Senate Committees to continue any ongoing investigations. Look. The bottom line is any investigation that was happening on monday is still happening today. That hasnt changed, and, in fact, we encourage them to complete this investigation so we can put it behind us, and we can continue to see exactly what we have been saying for nearly a year. There is no evidence of collusion between the