Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Tuesday, April 23rd, and I'm your host, Kim Khan. Our top story so far. No cuts in California?

State Senator Josh Newman is sponsoring a bill that would ban Clear Secure from airport security areas across the state

as the company's Conseera Service creates a basic equity issue that lets wealthier travelers

bypass long security lines for a $189 a year subscription.

The Democratic senator said,

it's about dignity and travel experience of people who don't have money to pay for upsell services.

Clear provides expedited security screenings at 50 U.S. services. Clear provides expedited security screenings at 50 U.S. airports, along with other

public venues. Travelers with a subscription to the service can go to the front of the security line

once their identity is established at a clear kiosk.

The bill introduced by Newman, SB 1372, isn't intended to ban clear entirely, but for the

company to establish its own security area away from the non-clear subscribers.

While the bill has support from Republican Senator Janet Newyan and unions representing flight

attendance and TSA employees, airlines oppose the bill as it limits how airports manage

security lines and eliminates partnership revenue between the carriers and clear.

In today's trading, stocks are rallying for a second straight session on the back of solid big name earnings, and an unexpected drop in a measure of manufacturing activity.

The NASDAQ is up 1.5%, with Tech getting some more by the dip interest, and the SMP is up about 1%.

Treasury yields moved lower.

The SMP Global April PMI Manufacturing Index came in at 49.9 versus 52 consensus and 51.9 in March.

The services PMI slipped as well to 50.9 versus 52 expected,

down from 51.7 a month ago.

Panthian Macroeconomics, says the survey suggests that down from 51.7 a month ago.

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