Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sitting at twoyear lows. Facebook is launching a new Crisis Response center to help users during disasters and attacks. And bitcoin is tanking 10 after a big Chinese Exchange said its
At the high of the day joe, the meltup continues. Steve and i were talking before the show. Surat and i also had a conversation about how methodical the rise it its almost like walking up that staircase. I think its interesting, tomorrow youre going to get the unemployment report. I think you have to begin to really price in is this also beyond just good earnings, scott, is this about growth accelerating is this about repricing the economy maybe towards 2. 5 , something that we didnt think was possible so getting yields of 2. 35 on the tenyear tomorrow you get unemployment. I think its very valid to think about this is an economy thats going a lot faster than we thought. People who are waiting for a pullback are getting run over by the day and it is so widespread now, whether its small caps or midcaps, transports or industrials, now technology tries to resume its leadership role youve got big news in netflix, an upgrade for microsoft, but the starts to take off within the last 20, 25 m
S p futures on four. Nasdaq futures down eight after records on friday. Cheryl investors in japan coming back from a holiday. The nikkei index searching about 2. 3 and in china to shanghai as you can see down just a little bit. Basically flat. Nicole in europe stocks after a mixed bag. Cac quarante is down three quarters of 1 . German dax down the third of 1 of the london ftse up fractionally. Cheryl the euro hitting a sevenmonth high overnight after the French Election defeat of candidate Marine Le Pen. Well be following the report. The euro on your screen versus the u. S. Dollar. True to Warren Buffett holds court in comes out swinging against border tax plan. Liz claman is buried the story. Cheryl comcast and charter set to announce a partnership to answer the pressing business of mobile telecom. All the details this morning. Train to the prime chance in the Cleveland Cavaliers with the Toronto Raptors in a Marathon Team in baseball as the yankees go 18 minutes against the chicago c
Coming to you from the new york stock exchange, were stocks closed as records. The dow, nasdaq, s p 500 all at their highest levels ever tonight, despite a mixed jobs report. Investors apparently remain encouraged by global economies and corporate profits that are showing signs of strength. As a result, theyre plowing more money into stocks. The closing numbers, the Dow Jones Industrial average added 62 points, finished at 21,206. Nasdaq was up by 58. The s p gained nine. It was the second straight week of gains for all three major indexes, sue. Bill, now to that jobs report, which was a bit of a head scratcher. The jobless rate hit a 16year low. Thats the good news. But hiring slowed in may with the number of jobs created coming in below expectations. According to the labor department, nonfarm payrolls increased by 138,000. The Unemployment Rate fell to 4. 3 , the lowest since 2001. So after a strong start to the year, job creation has cooled a bit over the past few months. Hampton pe
Move what youre trying to do welcome to power lunch. Im melissa lee. Stocks are lower, but steady, headed in the long holiday weekend. Nasdaq trying to scratch out gains. Dow 20,000, will have to wait. Still on track for its seventh week of gains. Health care, by the way, the leading secretarier in todays session. Heres what else is happening this hour. A developing story were watching closely, the fbi investigating a hack at the fdic which regulates the big banks. More on this story ahead. Reports that u. S. Government is now requesting select foreign visitors provide their facebook, twitter and other social media accounts when arriving the in the country. Consumer sentiment on the rise and new home sales rising 5 . We also have jon fortt here with us for the hour, riding shotgun. Welcome. Thank you. Good to have you here. President elect making waves today when it comes to russia. Our Nuclear Weapons arsenal and the future of our air defense forces. Both stories front and center this