but competition was set to restrain the ability of the manufacturing of those payment tariffs or higher labor compensation to pass that along. some of the details we saw was like philly and cleveland. richmond said there was strong volume at ports as there were a lot of imports to get ahead of some of the expected tariffs st. louis and kansas city said farmers suffered because of depressed crop prices because of tariffs. let s talk about the job situation, which is a completely different picture of the economy. employment grew at a modest pace labor markets, however, set to be tight and there was a lot of difficulty filling open positions. you ve heard that before but they went on to say there were continued worker shortages across most sectors, especially construction, technology and health care. a staffing worker in the minneapolis district said it s the toughest market they have ever seen. there were concerns about renewing and securing work visas. compensation, however, g
edwin star, war, what is it good for. welcome to power lunch, i m tyler mathisen and i date myself proudly, ladies and gentlemen the dow at its low, now down 123 or about a half percent. but why? well, it s basically boeing and caterpillar. s&p 500, it is higher by about a fifth of a percent and nasdaq higher about a half percent. those are sitting at record levels the nasdaq, i should say, despite the hurdles facing big tech as the doj takes aim at the industry more broadly launching a broad review of big tech companies over fresh anti-competitive concerns. elon moy with more the justice department plans to look at three areas of concern. are the big tech companies stifling innovation or harming consumers? the doj said there are widespread concerns about practices related to search, social media and some retail the doj does not name specific companies, but google, facebook, am amazon and apple could get caught up in this. without the discipline of meaningful, market-ba
let s get a check on the market stocks higher to close the week. the s&p 500 and nasdaq are on track for the worst week and shares of boeing, the big dow winner is up 4%. we ll have much more on that story later on. melissa, we begin with confusion at the fed and the president throwing another haymaker, the new york fed president john williams with some market moving comments yesterday interpreted by some as signaling an aggressive rate cut. the new york fed later walked back those comments. the president tweeting today in part i like new york fed president john williams first statement much better than his second statement his first statement is 100% correct in that the fed raised too fast and too early steve liesman joining us now with fresh. let s do this one by one. fresh fed speak first. thank you. speaking at the same conference where william spoke yesterday turned up that dust said moments ago the fed needs to follow through on what he said was a promise made t
and welcome to power lunch on this monday i m melissa lee. wall street in a holding pattern ahead of the fed stocks carrying out modest gains. nasdaq the biggest winner at this hour. communications services specifically, the best performing sector, led by facebook, netflix. we have much more on netflix ahead. it s all about the fed this week policymakers getting ready to meet tomorrow. a decision on interest rates set for wednesday followed by chairman powell s news conference steve liesman is here with more on what investors should be bracing for. the period of the fed s patience could be coming to a quick close. the word first appeared in the january statement and was taken as it was on hold. now patience is not long for the fed s statement. we expect the statement to drop the word patient, which implicitly implies a hike, and albeit with noncommittal language here s are the probabilities we have been following. still something of a bid on a rate cut this month. i gue
welcome, everybody, to the aforementioned power lunch. i m tyler mathisen all three major averages are on pace for a second consecutive day of declines. haven t seen that in a while the dow down triple digits at this hour. down 141 points. 175 points at its low earlier today. now, boeing and apple account for roughly half of those losses that you see right there the russell 2000 and dow transports have both been slipping back into correction territory. kelly. thanks. stocks are lower again today as apple drags down tech and the fed looms large. bob pisani has more at the new york stock exchange. hello, kelly. downgrades are dominating trading today. tech, including semi-conductors are down the leadership board pretty narrow energy is up on oil strength the rest of the leaders are largely defensive like real estate and consumer staples. retailers, though, doing well. under armour, nike, and gap helping consumer discretionary elsewhere, no big news on the fed or trade toda