Winners and losers. Sue is at the nyse as usual. Good to see you. Stoxx coming off of their lows on news of a meeting of key congressional leaders on both sides. Right now we are marginally positive by 4. 5 points on the Dow Jones Industrial average. The nasdaq continues to decline. It was the biggest percentage loser yesterday and its on pace for that same kind of record today. The s p is down. 2 of a percent. Amman javers has the latest on this marketmoving event. This is a possibly hopeful situation here on capitol hill. That has not seen a lot of hopeful situations in recent days. The news is that we had a bipartisan meeting of the top four leaders of the house of representatives just this morning, so thats nancy pelosi, steny hoyer on the democratic side with Speaker John Boehner and eric cantor, the republican leader. All four of them in a room at the same time talking to each other. What we dont know here is what was said in that room. Were trying to find out more information ab
Its a game changer and youll only see it right here on power lunch. Sue is out today. Sara eisen in at the nyse. Hi, sara. Good to see you, tyler. Were getting to the big question of the week. Can this run, a 12 gain since the beginning of the summer, a 25 run, this year, roll into the new year . Dominic chu is looking at what history tells us about what actually happens when the dow has five straight up years. But first to Mary Thompson on the floor digging into the question on rising Interest Rates. Everybody is talking about the 3 level on the tenyear and what it means for stocks. Right. We hit it a little bit, we hit it yesterday. The markets rallied, hit it earlier today. Pulled back a little bit. The markets are falling off. The markets were a little overbought coming into todays session, no surprise weve seen a bull bapull back. With the 3 yield on the tenyear a lot saw this as an inflection point. We didnt see that with the markets. If Interest Rates rise quickly then it would
Nyse. Thank you very much for having me. Lets start with the nervous side of that trade. Those retail sales figures which will disappoint so many people. Lets bring in steve liesman, our senior economics reporter. Steve, this is a huge disappointman after weve tried to get this economy going for so long. I think thats right, and i think when you put it in context, simon, what were talking about is two of the last three quarters look like they are on track to have been below 1 . Guys, we just calculated some of the incoming. This eats data right there. Can you see there 177 and the one below at 1 2013, the First Quarter there and it looks like if we draw the jennings one it would be below 1 . Guys, we just calculated using about eight estimates that have been changed today. The current gdp forecast for the Second Quarter, its now below 1. 0. 9 . It should actually be a bit lower in there because one guy in there, ubs, up there 1. 12 , thats the prior, and that is now down below 1, with
this congestion westbound side of 580 at 14th avenue. a brand-new accident involving a motorcycle. take a look at the red that just awaits it. that s where we re seeing the bottleneck where all the freeways converge together as they meet the maze. that is where we re seeing most of the traffic. we re also looking at heavy delays here, as well, northbound 880 at winton avenue causing slowing in the northbound direction. southbound also seeing its fair share of delays as folks try to make it over to the san mateo bridge. that s also looking quite a bit slower as well. northbound along 238 out of castro valley, you can see bumper to bumper traffic as well. 580 no exception, several accidents on 580 this morning coming out of tracy into dublin, more than an hour s drive there. if we can go live outside, i want to show you the walnut creek commute, 680 down highway 4 to the junction a 20-minute commute. very busy conditions. we ll keep an eye on it. day two of the b.a.r.t. strik
social media on fire. portraying burt and ernie as a same-sex couple. is this a fitting tribute to the supreme court historic ruling? or an inappropriate use of beloved childhood icons? good morning, everybody. bianna s taking time off. very happy to have my friend, paula faris, with us this morning. harris and faris riding again. yes, we are. i set five alarm clocks, just so i wouldn t miss this. i wouldn t miss working with you for the world. you re here. i am. and good morning, everyone. also on the show, fresh twist in the stunning murder case involving ex-new england patriots star, aaron hernandez. a new arrest. and new information on a possible motive in the execution-style killing of the football player s friend. so many layers just coming out. extraordinary fall from grace there. also this morning, new developments in the case of a dental assistance, fired of her job for ten years because her boss found her too irresistible and a threat to his marriage. sh