More than a decade earnings in focus, state of texas, ea, match, humana and amds chief lisa su will join us later this hour. Apple sports books reportedly reaching a new streaming deal with the pac12 lets begin with the fitch downgrade. Downgraded the u. S. To aa plus you talked about this last night. Is the market shrugging it off or not i think it has to in some ways, its just an upgrade of the way we run our country, and i think you want to go back and think, well, what happened in august 5 of 2011 when the s p downgraded us s p was at 1,119 it had gone down to 1,095. So, there was a big decline. Then, one year later, it went up so, in other words, if you just take the worst case scenario, which is what happened in 2011, it was an amazing buying opportunity. And when people looked at it, i think they said it was quizzical. Tim geithner was very angry, said it was wrong. This one says, youre a completely dysfunctional country, and we recognize that but all countries are dysfunctional
The dogs on the street well tell you if theyre worth taking home. This tailwagging edition starts right now. Who let the dogs out welcome to power lunch. Im melissa lee. Well have nasdaq on track to break a twoweek losing streak, take a look at the gains the dow is up by about 9 points, s p by 5, nasdaq by 25 oil seeing a bit of a bounce, lifting shares for a change. And look at bed bath and beyond shares theyre plunging today. In fact, a sevenyear low down almost 12 and fast food giants mcdonalds and yum brands at high numbers court. Thanks, melissa for the First Time Ever the Affordable Care acted has topped the 50 . Again, once you give people something, even if they dont like it, its hard to take it away Kayla Tausche has the latest. Call it the art of the Health Care Deal part 2 the expectation is that the president , much like he did with the house version of the bill will now take matters into his own hand i just spoke with the principal debt secretary Sarah Sanders repealing an
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