This morning the president s new defense for large scale events after two more Campaign Staffers test positive. Breaking overnight. Violent clash. Protesters try to pull down a statue of Andrew Jackson near the white house. Police responding with batons and pepper spray. Statues in other parts of the country vandalized. Some now set to be removed. Just ahead, the growing push across america to take down the controversial monuments of the past. Standing with bubba. The entire garage area has rallied around Bubba Wallace. A powerful display of unity from the entire nascar family after a noose was found in the garage of the sports only black driver. Wallace moved to tears sending a message loud and clear. I wanted to show whoever it was that youre not going to take away my smile. Those stories plus, back in business. Well take you inside the reopening efforts in upstate new york where local businesses are eager to kick off the crucial summer season. We lived through the hardest part and n
tonight. now there are like ten on it. i will get it done eventually. so by december 25th, you will have the last ornament? all done. the next hour of cnn this morning starts now. good morning. welcome to cnn this morning. it is sunday, november 12th. i m amara walker. i m victor blackwell. thank you for joining us. here s what we have watching this morning. an evacuation corridor is open near allison chinchar as intense fighting contithat area. house speaker mike johnson unveiled his plan to keep the government open, but will it get enough support to avoid a shutdown in just days from now? the next critical step in the process and why some republicans are saying they won t support the plan. two brothers in texas claim therm duck hunting when they shot two migrants who had just crossed the border. one of those migrants says that s not true and she is sharing her story with cnn. and we are learning more about the weight loss drug wegovy following the rele
Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi