Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
You need to know before you head out the door. Plus, up in the air. Oakland is the topic of a planned vote, involving the controversial name change. New backlash and the looming legal battle. This is today in the day. Good morning on this thursday. Im marcus washington. Im laura garcia. We begin with breaking news. The overturned big rig in san le andro is blocking the road for commuters. Reporter this can be a major headache for people trying to get from Castro Valley to the south bay. Were at northbound 238, which is shut down. You can see behind me. Thats the connector to southbound 880. Because of an overturned big rig. I just spoke with the chp sergeant who tells us, its going to be several hours. Were talking about late morning, before this is reopened because that big rig is overturned. The rig was overloaded with goods from a chinese food distributor. The trailer is too damaged or too heavy to be uprighted. Theyre waiting for another trailer to arrive for the items to be offloa
But really and meeting. Opening up society. What we were talking about just now, we met all sorts of women who were saying ive owned a car for a decade but i have a driver who takes me to and from work and i cant wait to learn how to drive lot are starting to learn how to drive but in terms of how the culture is moving. Saying publicly they are looking to are a more moderate society essentially. By the way more moderate form of islam this is not without controversy though im sure. There is a huge other side. Hes pushing through, trying to push through this transformation and theres economic, by the way the entire driving industry, you talk about drivers, because all the women most professional women have drivers every day what happens to the drivers . But theres a whole thing going on with all of it but that whole 500 billion Economic Zone theyre going to create, the whole new city in the middle of the desert with klaus. With klaus its amazing we should all go there in ten years from n
Wages at 25 . It is complicated because there is a lot of rules behind every they are still working on some of those provisions. Some people are already saying they dont like it. He will have to tinker with that and there are many different steps on the process created this is a opening bid, before monday we could see changes. Bet in the senate there will an opportunity for more changes. Because they are talking about broadcom moving back to the United States, this 12 tax on offshore earnings which has already drawn some cap lance because that is too high and not business friendly. How much is that going to be a target . That is another area of concern. It is a little higher than we have seen and previous concerns. All of these numbers are negotiable. They are basing a bit of a revenue crunch. They need to raise revenue somewhere else. Maybe it is not a 25 rate or. Ou may not see a credit it really all balances out together and that is what makes this so tricky because you cannot help
1. 4 hang seng was up, and the kospi up in europe, things are relatively flat. Dax is down. And the cac is weaker. Crude oil prices on a tear this morning it is up again with wti trading. Can i say hello to everybody. We havent been all together awhile, kind of nice comfortable pair of loafers im wearing sneakers today. Theyre more comfortable than loafers. I dont feel like you have to do much to look better i can come in. Sneakers and no socks this is like sweatpants, when seinfeld wears sweatpants, youve given up. Let get you to the morning headlines. Heres whats going on in Corporate News peltz fighting for a board seat at prak tore and gamble. Theyll launch a proxy battle. Hear about it within moments my expectation is hear about it coming across the sec with a filing in a moment the move would make p and g the largest to face a proxy contest. Last week they rejected the request to name mr. Pelts a board member he is one of the biggest shareholders, second biggest roughly holding 3