And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Corrupted you need to descend. To join us in the depths. Or im a bit loose shilohs. 5th of june but the one business show you cant afford to methamphetamine to stay open in washington coming up the Senate Banking committee question a 2 top ranking officials on a 2 trillion dollar relief package causing some stocks to slip but Video Conferencing serve at those have become extremely popular but how things are they and which one is best to use will discuss on a panel later show for you today. The less so and i write this. The World Economy faces a potential lengthy coronavirus recovery london based i. H. S. Market said it expects the Global Economy to shrink 5. 5 percent this year now thats triple the damage from the 2008 financial crisis and a new report by the World Economic forum surveying risk managers is now suggesting this will be a long lasting global recession a contraction for the next 18 months managing director of the World Economic forum saudia he said the crisis has devastate
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Go to work so you straight home. Hello and welcome to crossfire were all things are considered im Peter Lavelle the collapse of the russia gate hoax has exposed yet again the unprofessionalism and bias of the corporate liberal media the same media consistently project their own claimed values and political preferences and even the truth are conspicuously absent in their news report. You crossed up this and more im joined by my guest k. My present in los angeles she is host of the game iris in show and in new jersey we have joe concha he is a media reporter and columnist for the hill rules of that that means he can jump in income what now is appreciated let me go to joe 1st here joe over the last 3 and a half years weve been fed this russia gate hoax and its bait and its very basis it is leaks that are giving up given to prefer news outlets from the powers that be well well call it deep we have opinions a new way and those we have a lot of bloopers in retrospect they the the leaks didnt
Say that certainty is needed by states to repair the nations infrastructure. We want to return to you turn to all of you and say what are your infrastructure needs. If you live in the Eastern Central part of the country dial in 202 7488000. Mountain specific dial 202 7488001. If you want to join the conversation on twitter or go to facebook. Com. You can also send an email. The phone lines are open and we will begin with the Washington Times. The highway funding bill stuck in limbo as the august recess quickly approaches. Kevin mccarthy shut the bill to a sixmonth bill. Saying even if the other changer gets it done chamber gets it done this week it would be impossible for history is to study a thousand page deal before the house leaves thursday night. The majority leader announced that his side are a past a fivemonth road bill and last night they introduced a threemonth extension. Senate negotiators barreled forward anyway saying that congresss reliance on shortterm patches has passed