And we also have ibm reporting earnings after the bell tonight. Could that add to the gains or derail this run . Thats the big question. Well get to that coming up. A lot of earnings this northern already contributing yes. To this move. Very much so. Heres netflix. Yesterday we told you about the earnings in the session today, it cannot hold those gains can netflix become the next hollywood . The streaming giant says it will make, get this, over 80 original movies next year which is in one year. More than the other studios combined is this the best use for the content spending thats coming up as the stock looks to close lower on the day. I have a lot to say on that were going to save it. Lets start with breaking news fourth round of what were calling the nafta negotiations but really the nafta renegotiations those are wrapping up. Representatives from all three countries, the u. S. , canada and mexico, are about to discuss any progress they have made. Our Kayla Tausche has already been
Its a better way of doing this. It will cost less money. It will be more efficient for us. And were bringing our consultant contract manager on, because one of the things that we talked about is before we normally get two cost estimates, but now since we have a contractor on board we get a cost estimate. When we get our designer, they feta cost estimate. So we have three levels of having some confidence that whatever that price is, were going to meet that. So i think were very comfortable with our ability to deliver the projects in phase one, but i do understand the projects in phase two and three, because those are further out. And then the question is, when do you bring them into the fold. And i agree with andy, in that were constantly looking. When we identify a solution, say, in phase one, it could eliminate something in phase two, so we want to come to you and let you know. So the other thing is that we talked about, this is a large program. Its a lots of projects. So we can go ov
Joe, you get the first crack at that question, i think the question becomes, what goes long youre long the fang names and gogo names. But if a certain point oil keeps going lower, i think that becomes a problem for the nvidia, the highgrowth momentum type names pete, there was a time when if oil was falling out of bed the way it is now, you know, its 42 bucks, the market would have had a conniption over the whole thing and not so much, why . It seems to me the focus has not been on oil. We did have all of those reactions and weve stop reacted to that. Everybodys focus continues to be on recently the focus is the financials and this breakout up to this 24. 5 level. Even on days where were going down, the financials have hung in pretty well sure, theyve given back here and there. But overall, look at how the financials are trading, that is we talked about financials and energy not participating, were starting to get some participation from the financials thats making up for the energy ne
We will have more details. Everybody seems to be cutting prices. Wireless carriers, online brokerages, but costco is going the other direction and raising its membership fee. Investors not exactly happy about that. Stock is down 4 right now. We have both signs of whether todays drop is a buying opportunity for investors. Thats all coming up here. And making work cool again. Mike row, the former host of dirty jobs testified to congress about the importance of blue collar ones. He will join us live to discuss closing that gap. I always liked mike. Very nice man. Start with our interview with wilbur ross on squawk. Hope you saw it. Kayla tausche has highlights for us. It was a wideranging conversation, but much of it focused on trade because secretary ross said that the president has trade top of mind for what ross will be doing over the next four years. Getting rid of both tariff and what he calls nontariff barriers to trade. They sort of took a trip around the globe and explored the cas
And welcome to power lunch. Stocks are holding into the green. We have the dow up 122 points. S p is up by about 11 right now. But take a look at the tenyear note, because the yield is 1. 72 , a rising dollar, rising yield continue to be themes in todays mark. Were seeing nice gains in financials. And Energy Stocks among the biggest winners on that index at this hour. Take a look at chesapeake, trance ocean, marathon oil, free port mcmoran in the green right now. Im michelle carusocabrera. Americas trade deficit widening in august as we imported more goods than we exported. Mortgage applications climbing 3 last week and that was driven mainly by refis. Justice Department Says they have arrested an nsa contractor accused of stealing classified materials. Well have much more on that story in just minutes during our live interview with the assistant attorney general john carlin coming up here on power lunch. In the meantime, were counting you down to the big september jobs report on frida