He was still doing concerts and theres a place in new york city called b. B. Kings. Have you ever seen him in concert . I have a couple of times. Lucille and born and raised in mississippi which was one of his alabama lumbars too and whats weird is mike nice tie, i think albert king was born in another great blues guitarist that played with the guitar the way Jimmy Hendrix did, learned to play it this way even though they din change the strings. And he was from there. How weird is that. And both named king. But not related. Sure. Very weird. That was very sad to hear that. I love great guitar player and great guy. Always seemed like he was in a good mood. I never met the man. You mentioned 330 day ace year and never stopped working. On the road for decades. He saw how it made his audiences feel too. It might have been called the blues. But it made you feel good. Made me feel good anyway. Now to wall street news. Lets get you up to speed on the markets. U. S. Equity future at this hour
Gentleman, the legendary investor john paulson, only on power lunch today. Sue is at the new york stock exchange. Hi, stew. Ty hi ty, great to see you. All throughout our show the five browns, the famous players, theyre playing steinways for us at the famous steinway factory. Listen to that. Isnt that beautiful. The ceo of the company is on with us because john paulson just bought this company and theyre going to play for us throughout the hour. Five browns, welcome to power lunch. When you think of the federal government these days, what music comes to mind . Lets listen to what they come up with. A circus theme, thats appropriate for whats going on in washington. The five browns will be with us throughout the hour, picking different types of music as the stories warrant. On day eight of the federal shutdown, president obama will make a statement and answer questions in one hour. We will, of course, carry that live here on cnbc. All of this as we approach that october 17th deadline. S
1 00 p. M. , the bond market i believe at 2 00 p. M. We are poised at what would seem a higher open. Were not going to get a lot of hours of trading in. As in for the 10year note yield, lets take a look and see where we are. There it is. 27. 66. And well go to the map in europe where i can never figure out the geography. You know the boot is italy. I know the boot is italy and i can pick up russia. Our road map here back in the United States starts with what else, retail. Millions of shoppers, yes, millions hitting the stores for black friday. Well go live to say how sales are going. Brian . The markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. I guess you guys could say that here on squawk on the street. The nasdaq finishing wednesdays session at a 13year high, kayla. And thin trading today on a shortened trading day. And also bitcoin keeps on surging, topping 1,200 earlier today, doe
Recession. And whether you hit the stores yesterday or not, plenty of people are out this morning. If you are planning on waking up early for your black friday sales, youre late. Step et up. Shoppers are expected to spend an average of 650 this weekend. Thats 11 1 more than last year. We have the chief merchandising officer at toys r us. Then well be joined from Tysons Corner, a huge mall in virginia. Bobby kotick will be join onning us on air. Electronic items are expected to be a big seller this year especially with the launch of the xbox and the new play station consoles. Coming up in the next hour, we have Terry Lundgren. And at 8 40 this morning, the ceo of Brooks Brothers. We have a packed line upof guests ready to giving us a look at the American Consumer. We start with dana telsey this morning. We have heard a lot of stories about some expecting disappointment, some maybe not great retail numbers. But what do you really think is going to happen this Holiday Season . I think its
Did the results and outlooks matter to the market when washington is such a huge concern . And hitten debt storm, there is a developing crisis larger than detroit, this time puerto rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the governm