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Controversial extradition law and hong kongs chief executive has apologized for it. Not good enough for the people of hong kong, who turned out by the millions this weekend and who have returned to the streets today. They want the law dropped completely and the chief executive to resign. The pressure on xi remains. He is not leading a united country. Trouble back home. To the markets. We are going down a little at the opening bell, not much. Maybe ten points for the dow, up about 13 on the nasda...

And welcome to power lunch on this monday im 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. Its all about the fed this week policymakers getting ready to meet tomorrow. A decision on Interest Rates set for wednesday followed by chairman powells News Conference Steve Liesman is here...

Government has backed down from this controversial extradition bill. They have suspended it. They want it withdrawn. That is why they are staying here. They also want carrie lam to resign. In a press conference, carrie lam was asked about it at least seven times. She sighed skirted the issue. That is the big elephant in the room. Will carrie lam eventually have to step down because she has blown what analysts tell me is all of her political capital. David we want to talk about the big elephant i...

The same as wall street saw the two previous market peaks, september and may. The pricetoearnings ratio below 17 for the next 12 months. Right now ahead of what could be a couple of fed rate cuts and a trade deal still in the works with china, is the market still a value trade or a value trap . Who is that dion warwick it is dionne warwick. Like that wasnt on in your car on the way over. I love that sothebys stuff. Deja vu my voice, i apologize to the people at home i know you think you know me,...

Want to call it, it has aheived for market. Investors are looking for clarity on two major issues Interest Rates and trad thisweek, the Federal Reserve policymakers meet to decide whether t now is time to lower the benchmark rate. Most say it is not, but some say it is. The market wants a rate cut. Some economists argue its not necessary. If a rate cut doesnt come at this weeks meeting, investors will be looking for clues as to when it will, given the escalating geopolitical and trade nsions, as...

S p dropped. 41. Nasdaq only fell. 15 . That sums up the week. Stocks suffered broad declirs, and, of course, the reasons for the decline had nothing to do with what happened during the week. Heaven forbid it matters what companies are saying. With the exception of the misleading fiasco of jcpenney, we had good news, mergers, break ups, surprises from companies as big and prominent as nike. Which reported a fantastic number last night in part, because, are you sitting down, western europe, where...

S p dropped. 41. Nasdaq only fell. 15 . That sums up the week. Stocks suffered broad declines, and, of course, the reasons for the decline had nothing to do with anything that happened during the week. Heaven forbid it matters what companies are saying. Nothing at all. In fact, with the exception of the misleading fiasco that was jcpenney, we had a ton of good news including mergers breakups, surprises from companies as big and prominent as nike, which reported a fantastic number last night in p...

To entertain but to educate. So lets get on with it [ cheers and applause ] what a tug of war weve got going on right now in this market. On the one hand, we have so Much Good Company news, individual companies, like last nights shockingly great preannouncement from intel. On the other hand, we have the heartbreak of iraq. Today was the day where we put iraq on the back burner and accentuated the positive. Which is why the dow ended up climbing 42 points, s p gained. 13 . Now, understand that wh...

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The company has confirmed layoffs will begin in October.