Edwin star, war, what is it good for. Welcome to power lunch, im 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, its 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 anticompetitive 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, marketbased competition, d
Yes, you heard it right. That debate is ahead but first lets get a check on the markets, and its kind of the wild west out there. Lots of movers the s p seeing lots of good, also a lot of bad and downright ugly movements the good, for instance, viatris beat on earnings, the bad, tyson foods missing on top and bottom lines citing lower demand and look at Sage Therapeutics slashing the price target this comes after the news force the rejection for its major depressive Disorder Treatment and the dow is actually moving towards session highs right now i should say, up 422 points, ty. Wall street cant seem to agree on whether or not were heading into a recession firms saying strong or maybe reversing their calls from earlier in the year. Reversing them generally towards the more dovish scenario inflation data out later this week, a key focus for many as we look for any sips about the health of the economy, but perhaps we should be focused on one thing in particular. That would be debt the st
Debt relatively constant sieve to gdp is unsustainable. Approaching the beast of the line where its clear he lied to the American People fairly politically. Its going to be a much closer run thing than it out to be. Ought to be. Some areas and they want them to see the truth. Stuart dancing in the moon. No, dancing in the moonlight. I love it. Thats a good one. I dont often like the music we play but i like that one. Its a happy tone. Monday morning in new york city. Lets enjoy it and sports fans away we go. The dow industrial is up 300 points and up 22 and the nasdaq real laggard today and down just a couple of points and that follows last weeks declines and show me big tech. How are they doing this morning . Not bad. Not bad. Alphabet, amazon, microsoft, meta all up. Look at that, apple is the loser on that list and apple is down to 177. How about that, down 4. 2. 25 . 10 year treasury yield has been moving up and its up 409 this morning. Thats the markets. Monday morning markets. No
City workers in san jose officially voted to go on strike. Details on what happens next. From the bay station. Youre watching kron. And news. Thanks for joining us here on kron. 4 news at noon. Im noelle bellow happening right now. The San Francisco Taxi Workers Alliance is protesting the possible expansion of driverless cars. The group met at the California Public Utilities Commission headquarters today. The commission is set to discuss the interference of the Autonomous Vehicles with First Responders today. And on thursday, they will vote on whether to grant expansion of services for autonomous cars. The taxi workers say they want the commission to know theyre opposed to waymo and cruise offering 24 7 service in the city. Meanwhile, down in the south bay city workers in san jose have voted to strike for 3 days. The announcement was made earlier this morning. Kron fours will tran has more on what happens next. It is official 4500 workers for the city of san jose. They will be going on
Now they want the judge to set limits on what trump can share about the criminal case against him. They want to take away my freedom because i will never let them take away your freedoms. Also tonight, wild weather. A serious threat of flooding. Heavy rain. Even tornadoes looming for parts of the country. While the heat dome intensifies its grip on the south and southwest. Well have the latest forecast. Plus, promising pill. The new drug just approved by the fda for those battling Postpartum Depression. Its going to save so many women and families. Manhattan mayhem. Fallout from the riot in new Yorks Union Square. The charges against the social Media Influencer who drew the massive mob. And later, do or die. The u. S. Womens team on the brink of elimination at the world cup. They may be down, but dont count them out. Theres no question were highly motivated. Announcer this is the Cbs Weekend News, with adriana diaz. Good evening. Adriana is off. Im robert costa in new york. An incendia