Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b
Lets look at where we stand in the markets the dow hitting a new high up 117 points the s p and nasdaq all in record territory. Earnings are driving the market highs its getting rewarded. Bob is at the New York Stock Exchange with more were at new highs because the market has successfully rotated into former out of favor sectors. Im talking about cyclicals. Whatever happened to the Global Economic slowdown. Those are the two classic cyclicals on a global level. Communication services are Media Companies also doing well. Even bank stocks doing well as the yields curve has steepened in the last month. Its not just here in the u. S. I think a lot of people were surprised to find that europe is moving up. We had new highs in italy and germany and france theres your european etf. A lot of this is because the bank stocks have turned around italy, germany and france even japan at eight week highs. A little bit of this is about trade optimism a lot of people believe that will help the global e
Employee. And shares of under armour under a lot of pressure, a federal probe of the Accounting Practices. And wall streets record rally on the heels of both the s p and nasdaq the dow is on track for new highs at the open. Well start with that stunning news from mcdonalds, the company has fired Ceo Steve Easterbrook after he spent more than 4 1 2 years on the job. Mcdonalds says he violated Company Policy by having a consensual relationship with an employee the new ceo is Chris Kempczinski, president of mcdonalds usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. Already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. I think thats why i hate to say this, the stock was down badly on friday. I would like to know more about when and how long they have known this this is one where it is pretty
Amazon big quarter josh lipton live in san francisco. Besides the bottom and top obviously investors concentrate on the q 4 guided are guidance light. Between 86 and 86. 5 billion. Obviously for investors thats critical q 4, the Holiday Quarter dy just have a call with amazon cfo brian osafe ski. There are onetime items he mentioned weighing on q 4. He mention add consumption tax kicking in japan, from 8 to 10 . That created prebuying in september having a net negative impact in q 4. But the central question for investors is going to be the bottom line guidance well below what the street was looking for. On the call he fielded a lot of questions about that is it all oneday shipping he made it clear they are in investment mode and do believe where they need to be. They believe there is cost in the short run. He believes thats where amazon needs to be and there is evidence he says its paying off. Good increase in purchase behavior from prime members. Theyre buying more products, more oft
Teach you geometry, physic you can graduate from college speaking three languages with a deep understanding of physics or quantity up philosophy you can get a ph. D. In literature they teach that in school if you get enough education but do you know the one thing they almost never teach in middle school or high school, to say nothing of College Financial literacy i am not talking about economics here you cane be an econmajor and learn nothing about personal Financial Planning Retirement Readiness let alone how to manage your money wisely money is just not talked about you are 1,000 teams more likely to read das capital. An important book. Marx is a good economist but he is not going to show you how to balance a checkbook let alone how to build a portfolio of stocks financial literacy, a third rail thats why on a come stand mission to teach you how to manage your money. So you can be a better investor. Think of this show as continuing education for all thing financial. When it comes to