A bold new call coming up in street talk. Better than 1,000 reasons you need to watch power lunch. And welcome to power lunch. The final trading day of the month and the First Quarter. The dow, though, is struggling. It is down by about 29 points. S p trying to carve out some gains. The nasdaq continues higher up by ten points. All three, by the way, up for q1. Check out the movers at this hour, blackberry soaring about 13 . The company beating earnings estimates, expects positive cash flow for fiscal 2018. Fmc also surging about 13 . Dupont divesting part of its Crop Protection business fmc acquiring health and nutrition business. Brian . All right, and i am brian sullivan. Here is what else is happening this hour. The Senate Intelligence committee denying Michael Flynn immunity in exchange for his testimony. Panera bread rolling out new labeling of sugars in selfserve drinks. The first such move by a u. S. Restaurant chain. And two biotech stocks tanking double digits right now. Stra
Plane when attendants get on and tell everyone to turn off their phones. Samsung shares in asian trading, lets take a quick look, down about 8 at the moment. Samsung strugsles have helped shares of apple we should note because the stock jumped hitting its highest levels since december. So well see if really all those folks that were getting samsung you running to the apple store. Because we actually had at t mobility ceo on squawk alley yesterday and i asked him are people actually getting, you know, sort of shuffled into other devices and he said no they are likely to get an earlier samsung device than switch to another carrier. They like the eco system and like it and stick with something they know. Were you able to see what we showed the picture . I did. Charred. Youre not surfing the web any more. No phone calls or anything. Right . Wow. Talk about a phone named brick. There it is. Its not funny. But wow. That would be frightening in your pocket. Thats what they say. In your purse.
Close to 85 points. Nasdaq up by about 27. Also take a look at treasury yields. Yesterday at one point the 30year hit a record low yield again. The 10year is yielding above where it had been. 1. 458 . Lets take a look at what happened overnight in asia after those strong results here in the United States. It carried out through the night. The hang seng up by 1. 6 . In europe in the early trade markets are stronger there as well. At least most of them. The dax is up 1. 5. The ftse just went slightly negative, but take a look at italy. That stock narcotic up about 2 . Spain the ibex is up 1. 9 . Crude oil prices, you can see equities higher this morning. Yesterday wti closed at a twomonth low. This morning up. On todays economic agenda, theres one report. Expected to show inventory rose slightly, but we have plenty of fed speaks today. Cleveland fed president spoke overnight in sidney. Chef said maintains stability in the Financial Markets should not be an explicit goal for the ed. A lot
Been pushing the stock markets to higher levels too. Its huchl nature, but you know you cant scott, you can confirm this for me. Youre on half time report and youre our market watcher. You have a bunch of smart guys, staide traders and stuff. You cant hit new highs unless youre very close to the high. Yes. If youre 2,000 points below the old high, you cant make thats awfully difficult. Is this your insight for the dwa . No, im trytology give it to the market people that come on whenever we get close to the old highs and say this isov overdon they get used to a tlad ugh range. When it breaks out. Its probably a reason that it breaks through old highs that its got some momentum. How many times did it get close before and fail. In the last two years, but. It failed almost every time. If it did all this turning and rotations, all these if its already built a firmer, nonfed induced base, based on 4. 9 unemployment and jobs growth, weve been through the earnings recession. Maybe were startin
Having a different action or having a terror attack is higher than the possibility of having a technical french president Francois Hollande confirmed the aircraft had crashed. Translator the information that we, the prime minister, government members and egyptian authorities, were able to gather confirmed that this plane has crashed and is lost. Hollande said no theories are being ruled out, including an accident or a terrorist act. Egyptair flight 804 took off from paris Late Wednesday night local time. It was headed to cairo. The airline says the passengers were mostly egyptian but also included french, iraqi and other nationalities. The company says the plane disappeared from radar about 3 1 2 hours after takeoff. Officials say it was in egyptian air space flying at an altitude of about 11,000 meters. The aircraft was an airbus a320. Local media quote officials in cairo as saying the last contact with the plane was ten minutes before it vanished. One flight information website shows