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Transcripts For CNBC Power Lunch 20160901

Now. The dow the s p and the nasdaq very little change, maybe a. 1 or two down. Also on our radar, walmart, reportedly cutting 7,000 back office jobs nationwide that stock is ticking up a bit. Tropical storm hermine bearing down on the gulf coast. Could make land fall by toonnig. Welcome everybody, guy adami is joining us for the two hours of power today. Were following a story out of Cape Canaveral florida. Lets go live to the cape with the latest. Reporter hey, brian, take a look behind me, its overcast because of that Tropical Storm thats making its way to florida. You can still see the smoke billowing out from the space x falcon 9 rocket that exploded earlier today on Cape Canaveral air force space station launch pad 40. The falcon 9 was scheduled to take the satellite launch to take it into orbit this saturday at 3 00 a. M. That satellite was manufactured by Israeli Aerospace industries. But facebook had a 95 million deal to use it over five years for internet. Org. This would hav

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