Testifying about the safety of the 737 max. We have the details. Grub hubs failure to deliver. Shares are cratered down 40 wall street abandoning this stock. A top analyst explains why they are waving the white flag. Power lunch starts right now lets take a look at where we stand with the markets. The s p 500 off a record high earlier. The dow is higher but still about a percent away from its all time highs now up just about. 03 of a percent another rate cut is expected steve is looking at that and a key issue troubling the fed in the cnbc fed survey. Lets take a look at what the implications are and then well sge get into that issue. 79 . A bit on the low side for some but its a clear and Strong Majority expecting that rate cut. They is sort of kind of one more cut after october of some kind part of the issue right now, the odds of recession picking up to an 11year high at 34 part of the issue right there, its only one issue. Trade is a big deal according to the 42 he respondents to t
Your portfolio with these names. The Investment Committee is ready to go. Halftime report starts right now. We are ready to go. Happy wednesday. Its a big day a lot of stories to get to and were going to give you the playbook to navigate whats going on from washington to wall street also, weve got joseph new gaarden b on the set and ill call it a great pit crew joe terror nova, steve weiss pete na jair jair yan whos jogging here and Global Investment strategist at jpmorgan private bank. All right, other stations can cover the political side of what is going on. Our job, take out the noise, know how to get through it all, smartly. So we know this. Wall street has a whole new risk to worry about impeachment but stocks seem not to care. At least today, they are pushing high er after President Trump said a trade deal with china may come sooner than we think. First, lets get to the news kayla with more on exactly where we stand brian, the president had describeded the russia investigation a
There are a lot of people who have said were an allwhite community, that were only a wealthy community. Neither of those things are true and its really, really important to me that we welcome everybody into our community because we all belong here. Reporter rebecca says a variety of Community Groups began holding candlelight vigils and making home made signs about three years ago. Every time someone was made to feel like they do not belong here, these groups have loudly proclaimed that the community has their back. They hope to inspire others to realize every little bit helps. That support i received from all these wonderful women, i wantveryonto feel not be hesitant about visiting our local businesses and our community. Wet be a stimulus for catapulting a much larger movement, within the greater Bay Area Community at large. Reporter they know full well the nastiness could continue but they have a greater good in mind. No. Putting us up is not going to stop someone from being a bully b
Happens in san jose is a sign of real progress. It started quietly, not even a siren but thats because this parade was not designed to force change but to show how much things have already changed. The people want to come out and show. There was a lot more corporate in just. The event changing its name from san jose pride to Silicon Valley pride in the big tech firms were competing to show how inclusive they could be. It is really good because it is represented by the Big Companies and i like that. A lot of support. Protesters interrupted the San Francisco parade over corporate involvement but here they consider it progress that Big Companies are proudly touting for diversity. I dont think corporations really believed it until recently but i think they have started to believe it because they believe diversity is good in the workforce. With gilroy fresh in peoples minds there was a Strong Police presence and there were long lines at the pride festival as bags were checked but the mood s
Breaking news. A small evacuated tonight after reports of an active shooter created panic. We are live from the scene. Good evening. Lets get to the breaking news. Police swarm the great mall off 880 in milpitas as it was closing. Officers issued shelter in place warning. Kpix 5s Andrea Nakano is live with the details unfolding as we speak. Reporter we are still seeing people driving out of the parking lot here as officers conduct a search of the area. But a big sigh of relief as family mauves loved ones inside and mall employees are learning that this is not an active shooter incident. Shut down the mall to make sure nobody was hurt and officers are inside right now searching the great mall to make sure nobody is sheltered in place, employees, get them out. We responded this way to make sure it is important to make sure the community is safe. It is out of caution for everybody that is here. Just because the incidents recently. Reporter it was a chaotic scene after 7 30 p. M. This even