Stay updated with breaking news from Sherry paul. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Thank you very much. I was just talking about a thawing for the markets. Yes, earlier today, we did hear that of course, stimulus talks would be in play and that we started to hear some Smoke Signals between nancy pelosi and of course, we were talking about trillions of dollars could possibly be pouring into the economy. Shes speaking with treasury secretary Steven Mnuchin. But apparently now Mitch Mcconnell as he just heard is pouring cold water on that, or maybe hot water because we were starting to see some real action here. Now, movement on a spending deal quickly erasing at least the bad taste in some of the mouths of some investors after last nights debate performances by President Trump and joe biden. Fox businesss lou dobbs calling it the worst debate hes e ....
Along with kelly evans, im Tyler Mathisen stimulus hopes, the s p reviving overnight. But what about investors are their hopes a little too high this deal is going to get done well discuss that one plus, check out chip maker xilinx upping 14 . Well look into what could be a Seismic Shift for the semis. And jim cramer will lay out his seven sectors of opportunity, including his best picks in the restaurant space as power lunch begins right now. Tyler, thanks. We begin with new developments on stimulus negotiations a short while ago the president tweeted that covid relief negotiations are moving along, go big and reportedly raising his offer and maybe even raising it again ylan nmui, give us the latest. The question is is it big enough they will present a 1. 8 trillion offer to nancy pelosi this afternoon thats still 400 billion less than where democrats are at. Economic adviser ....
About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House NationalEconomic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Marke ....
New stimulus package out of d. C. More progress on the big vaccine front. That is putting the competitor moderna on the become burner for today. Shares of wayfair are up 950 from march low well tell you the other radar e commerce player investors are diving into. Power lunch starts right now kelly. Thank you. Its not the typical rally we have seen but the s p is still on track for its best july since 2013 lets get over to bob for more on whats moving now bob. Last week we had cyclicals and value stocks really doing well at the expense mostly of tech like amazon down 8 not happening, not today bottom line here is apple, visa microsoft really helping the dow. Exxon, chevron not helping we have been trying to get over ta june 8th high thats the height of opening, reopening hopes. 32 or so were over that. We close over that youll hear the technician squawking about this one this means were positive for the year as well megacaps leading the way this crazy bullishness, amazon is up 70 of the ....