The 200 Day Moving Averages. The nasdaq where the biggest pain is today. Several megacap tech names see moderate shelling. We see the names with amazon, which is sharply lower as the ftc hits the company with an antitrust suit well have an update on that in just a little bit. Alphabet, apple, microsoft, theyre all lower as well. Take a look. 2 declines. That does take us to our talk of the tape is there still a bull case to be made for stocks in the years final stretch . Some suggest despite all of what we just said, the answer is yes. For more, lets bring in adam parker, founder and ceo of research, and cnbc contributor lets say that i was talking to mike santoli came up to me and said President Biden obviously went to see the striking uaw workers today. Said him saying he supports a 40 increase in pay for uaw workers sent stocks lower. I was looking at gm and ford, they were lower. Put that into context as one of those areas that has us uneasy in the markets today. Right we have wage
Flyer will join us power lunch starts right now welcome to power lunch earnings feeling a big earning today. The dow up triple digits, fueling it caterpillar and 3m, adding 100 points to the dow just by themselves 3m higher by 8 . H r plunging 20 the office maker beat thing at earnings estimates its coming in well short of expectations whirlpool shares are tanking on news that sears will stop selling the brand. Stanley black decker rallying. The toolmaker also raising its full year outlook. Tyler . Thank you President Trump meeting with republican senators right now pushing his tax reform money, which he says will generate 12 trillion in economic activity. This after getting into another war of words with bob corker the president has already arrives at the capital for the Senate Republican lunch hes attending, take a look at the video of the arrival of the president. He walks inside alongside Mitch Mcconnell. Thats called the ohio clock position, just off the senate floor, a normal wal
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
/PRNewswire/ Barbara Comstock, Executive Director of the American Consumer & Investor Institute, released the following statement after filing comments.