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Go from tech giants to taxi giants air travel slowly comes back the its a administrator will be here and the billionaire tilman. Hell tell us how the economy could get worse before it gets better welcome, everybody power lunch starts right now money cant coming out of the bond market. Those yields remaining pretty low. Rick has the bond picture. Well go to him on that. Bob has more on this market. The important thing is were at new highs intraday bp well see if we close there. We have our old Friend Technology stocks pushing the market forward tech, Consumer Discretionary but thats largely because of amazon and maybe sochl the ame of the s people the s p is going to have a hard time going down big. Kohls down. Gap down you see these declines this is not about the second quarter. This is about comments being made about whats going on in the third quarter. Look at wa ....
From facebook. Julia boorstin has been following the story. Its two reactive and slow about the hate speech. Auditors saying they watched the company make painful decisions that are serious setbacks and has not devoted enough assets to address these issues this report advocating they bring in more civil rights experts to the country, take steps to address concerns dedispute that post violating facebooks broader policies. Sheryl sandberg responding to the findings as hard as its been to expos o they echo the criticisms by the civil rights a groups behind the boycott that met with facebook management yesterday. They called the meeting disappointing. Now, facebook has said it would not fall not fold for pressure, but it does seem they could be compelled to take some of the recommendations. Julia, thank you. Lets get to steve weiss steve, it looks like facebook is under a lot of pressure when it comes to the issues of up civil rights and hate speech. It is im sticking with it ultimately i ....
The holiday. Lets get this show on the road, power lunch starts right now welcome to power lunch. Im will stocks lower this hour, nasdaq and russell 2,000 did manage to hit record highs before pulling back Oil Pushing Higher in more than two years and check out individual movers as well. Amazon hitting alltime highs today. Under armour reing but the stock on pace for its worse year ever. More than that ahead serna, expected to announce a deal with the company and gamestop rallying posting strong results. Michele . We begin with this hour with ubers hack attack millions all over the world have been affected whats causing outrage however, uber paid money to cover it up joining us now with the latest, deadria . Hey, michele, the names, emails, drivers license numbers of 57 million riders and drivers were exposed uber paid as you said 100,000 in hush money to the hackers and hid the breach for the public and regulators for a year. ....
Using a stock tool that says, yes. Me list yashgs after sulissa go out on a shopping spree. But if you choose wisely, there could be some money to be made. Now using a quantitative tool looks at market action. We looked at past occurrences when the retail etf has fallen 7 or more within one month as it just has. That has happened 12 times since 2009. Now no clear signal for the xrt itself about half the time it continues to lose ground. But we did find some good individual stocks. Now as for macys, nordstrom and jcpenney, they only post rebound gains of 67 of the time. But when they do rebound, theyre good for 2 and 3 average returns sprerespectivel. There are special i dty and dist names. The names are more reliable bouncing back one week after the xrt loses p 7 or more within one month. So look for names like tjx and ross stores. Head over to cnbc pro for more on other parts of the Consumer Sector that tend to bounce back. All ....