Power lunch starts right now with two hours to go, here is where we stand with the markets. S p and nasdaq hitting record highs to close out the week. Nasdaq better than 1 . Alphabets power move behind that rally stock of double digits best day in years kelly. Thank you we are a week away from the decision of a rate cut the National White house economic adviser larry kudlow saying it is a miracle the economy is growing at all given years of monetary tightening mr. Liesman is here. Other parts of the economy reverse the strength of the First Quarter. Lets look at the details. We were looking for 1. 81 consumer is 4. 3. Best member since 2017 and powered by durable you see federal spending up 7. 9 Business Investment and exports were negative. In fact, i want to show you the reversal of everything strong went the other Way Investment positive in the first. Inventory. You see the consumer the contribution to gdp. Less than 1 to less than 3 that is a very big number. Here are the july prob