Our temperature. It is upper 30s for every place but the pocono mountains. Higher elevations right around freezing so when you get precipitation it is wintry mix up there. Everybody else is seeing rain. It is lightening up over the last our or so but heavier rain is coming back and no matter what you will need that rain gear all day long. Poor visibility at philly international. 3 miles right now. Wind east at seven. 41 degrees at the moment. High of 55 later on. Heavy at times that rain but not as cold as it has been. Tonight as soon as that rain leaves, the temperatures plunge and we will be down to 30 in the city tonight, 20s in the suburbs and the wind will pick up, bob kelly, so we will have a windy, cold day tomorrow to deal with, but today, enough problems. We have enough problems. This is a mess this morning. 7 01, sue good morning. A close another because of a vehicle fire and accident. Heres a live look at i95 northbound the ramps to the northbound side of 476, remain close,
Welcome to power lunch. Im tyler matheson. Mandy has the day off. The biggest names in business are on the network all day with all kinds of actionable ideas for investors like you. Ackman just in the last hour. David einhorn and the list is very long. We wont go through it all right here. One of the investors making Pioneer Resources fall like a stone. See why and see what other stocks these folks are moving. Big change at cisco. John chambers leaving as many expected this summer. We will introduce you to the new ceo and tell you what you need to know. That stock cisco is up about 27 1 2 over the past year. Can the new person in charge take it to the next level. Mannedy is off today, but kayla is with us and we will get downtown in a minute. We start with a slew of investing titans as i mentioned on cnbc. Warren buffett with our becky quick following Berkshire Hathaways meeting in omaha, nebraska. Wide ranging from the stocks he is buying to market valuations overall and becky is with
Our road map begins with John Chambers stepping down from the ceo post at cisco by the end of july. Chuck robbins is going to take the reigns. Mcdonalds unveiling a brad new turn around plan this morning focusing on innovations such as delivering breakfast all day. Warren buffet issuing a word of warning about stock valuations and Interest Rates. Well get to that. First up cisco has chosen its future leader goble operations chief Chuck Robbins, effective july 26th. Chambers will assume the role of executive chairman and continue to serve as chairman of ciscos board. Chambers joined in 91, ceo in 95. Hes grown it to 48 billion in revenue. One of the longest running ceos of the billionaire companies. I think hes managed to navigate what no one else has. Hes leaving the ceo job at a high. The stock is only one point off its high. It happened to have the best european numbers. If you think the dollar has peaked a knew consensus is building. John will be staying with it. Develop a Good Rela
The worst performer. What does mickey ds need to do to right the ship . Well hear from a former franchisee coming up. And then well talk about the state of the Music Industry and the effort to turn miami into the next big tech hub with recording artist, pitbull. He will be here from the emerge conference. Hell be ringing the closing bell. In the markets right now, simon just mentioned we have a 65 point rally for the Dow Jones Industrial average. The dow was up more than 100 points so clearly off the highs but still pushing higher. Building on fridays gains. S p actually having the best twoday stretch since early february. And then the nasdaq also higher. Up about 17 points. And joining us on for the closing bell exchange, this monday morning we have Michael Pellegrino pellegrino, and anthony chan from chase, and nancy tangler from arizona trust. And our own rick santelli. Welcome to the program. Thank you for joining us here on cnbc. J. J. , this is good follow through from what we ha
Now. Throughout the afternoon well be looking at numbers in the 50s and 60s and that wind it can to ease throughout the afternoon and a cooler night will be in store, maybe some patchy frost but we have some good news, rain will return to the bay area. Well have a look at that sevenday outlook coming up. We begin with breaking news in sue knoll, interstate 680 is moving again after a fatal accident early this morning. The Highway Patrol lifted a special traffic advisory about 90 minutes ago after three northbound lanes were shut down since about 1 00 this morning, when a corvette hit a mini van that had stalled near vargas road. At least one person died at the scene. Actually we know at this point it was a man in a corvette, an elderly man stopped to see if people in a mini van needed help. They had pulled over on the shoulder, and then a third vehicle hit that elderly man, killing him. Things are back to normal at lax this morning after police evacuated and searched two terminals last