Buy in the space how can that be . Well tell you as power lunch begins right now and welcome to power lunch. Im melissa lee. Stocks taking a breather today after yesterdays more than 1 gains, all three of the major indices are lower with the s p and dow on track to snap the threeday rally since last weeks big drop. Fractional losses across the board. Check out the transports theyre sinking further into correction territory American Airlines, the biggest drag there that stock is now down 16 for the month of august. Well have much more on that move later on. Ty we begin at the white house President Trump to meet with the president of romania while the economy is front and center for the president and the administration and eamon javers has the story for us now thats right. Were going to see the president of the United States in the oval office here in just a short time the president will have the opportunity to talk about the end of the 30th anniversary of the end of communism in romania
It the longest streak of record closes in 20 years. That of course no small feat. Investors are optimistic about broad Economic Growth both here and abroad. Theyre encouraged by corporate earnings and the prospect of u. S. Tax reform hasnt hurt either. Today the Dow Jones Industrial avere rallied 113 points to 22,775. The nasdaq added 50. That s p 500 was up 14. Bob pisani has more on wall reporter the record rally rolls on. The s p 500 closed higher for an eighth straight day. It makes it not only the indexs longest winning streak, its also the longest string of record closes. The markets ticked higher on news that the house voted to approve the republicans laters push for a budget resolution. That will now go to the senate, setting the stage for tax reform. With tax reform back on the table, banks, material, and Energy Stocks were all back up. Since the president ial election last november, five sectors are up more than 20 . Tech, industrials, and health care among them. One sector,
Technology stocks slid again and so did energy. Then there are those who cite todays lackluster economic reports then of course, there are rising geo political tensions overseas, but whatever the reason the Dow Jones Industrial average drop 1258 points. S p fell 22. And whatever the reason or reasons for the market slide today, lot of investors did have at least one ear toward europe. Germany in particular, where World Leaders of the group of 20 are meeting. They were greeted by protesters not uncommon at global meetings like this and certainly not unexpected in a town like hamburg. It has long been a town of for germany, President Trump was in poland, where he explicitly endorsed natos mutual defense clause after failing to do so during his previous umpen trip. He also made a veiled jab at russia. Eamon reports tonight from ham berg. Trump took to the podium in warsaw, poeland to cheland and forge Stronger Economic ties. We welcome stronger ties of trade and commerce as you grow your
To feel those temperatures not quite as much as we did. The temperatures go slowly down but the wind going slowly down as well. And by 11 00 tonight, feels like 20 in philadelphia, teens in the suburbs. Going to feel cold plus we have moisture on the way. And we do have a first alert out for part of the area because of that come sunday. So the first alert is out for rain and snow, Lehigh Valley, berks county, pennsylvania suburbs. These are the areas we do expect to be impacted by some snowfall and well see a bit of a changeover. The timing will put it in the area sunday night through monday morning. Thats when well see more of aover into monday. We do expect a chilly rain at the start, changing to a wintry mix and then changing to rain. If youre in the pennsylvania suburbs, youll see more of that rain change over, even some freezing rain possible for the Lehigh Valley. These areas we will be watching closely, else wrowhere we expec rain changing for most of the morning. Were seeing th
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Our final show of the year. All week weve been playing the top songs of the year. Today were playing some of our personal favorites. This one is one of mine. I quite like this one as well, but im sure i didnt request it. All of my requests were shot down, so were playing saras favorites. Lets check in on the Global Markets after a quiet few days after stocks have pulled back and so has the dollar and treasury yield. Starting strong this morning. Dow futures up 40. S p futures up 6. Nasdaq futures up 12 this could end a strong month, quarter and year on a very high note. Well see what happens in the trade today. As for the tenyear treasury note yield, bonds have been bought over the last 24, 48 hours that pulled treasuries off their highs. The tenyear yield is back below 2. 50. Its not too far off from the twoyear highs that we reached in the last few weeks. There has been