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Of expedia said there were strategic differences with the current leadership and the ceo and the fo are now gone cfo oregon. Down 3. 1 percent, the worst performer in s p 500. Higher,opean stocks are the pound trading north of 131 against the u. S. Dollar. We have a stronger rate against brent crudel, moving higher, up by nearly 4 in todays session. Opec is just around the corner. We will talk about that later on in the program. Lets talk more about the trade story, affecting markets over the last 24 hours. Economist is a senior , we have been jostled by the trade story. Todays story is maybe we are inching closer. The president talking about the idea that it can wait until after the u. S. Election. If we dont get a deal by the 15th of december, if we dont get additional tariffs what does that do to the Economic Data . I think the Economic Data improves beginning next year into ....
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 ....
A poor harvest. And one in rome where cycle as the romans do the city is testing out a new ecology bonus for train commuters. This is the business im joined on in berlin welcome we begin in the tech world where 2 of its biggest names have presented their figures for the quarter that ended in june alphabet of the company that owns tech giant google reported quarterly profits tripling to 9900000000. 00 the figures beat most analysts expectations and came from higher advertising spend on searches and on youtube. Amazon 2nd quarter profits were up 3. 6 percent to 2600000000. 00 amazon sales jumped by 20 percent as customers flock to its one day delivery. Our markets correspondent was san luis joins us now from was st louis so 2 attack heavyweights 2 closely watched Quarterly Results what stood out to you. A couple of things that you know its a case that not only did company b. Done revenue on their names for sure but have even lowe ....
With aerial investments. Good morning to you both charles, ill start with you tech stocks have had a very strong start to the year can that continue . Well, full disclosure, ive been skeptical of these stocks for a long time and ive been wrong. And i think there are a couple of reasons that i cam concerned the first is theyve been drive higher the s p is dominated by these large companies. As more money goes into the s p and index funds, these funds buy these stocks for no fundamental reason i do worry if theres a reversal in those flows, these stocks will be hit hard the second thing i worry about is regulation. Theres almost nothing that republicans and democrats agree on the one thing they do agree on is that Big Tech Companies have too much power i think theres a real risk of regulatory pressure. Were going to dig into that a little bit more, im sure. Walter, if you look at whats been the best performer in the dow so far t ....
Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting ....