Thank goodness larry davis coming back because you need to curve your enthusiasm for this market, something good happens the dow gained 39 points, s p climbing. 1 nasdaq,. 10 a fresh alltime record. Let me stay straight out i see lots of questionable thing after the close of this training session. Were got reactions from adobe, one of my favorites. A hideous report from a big miss from fedex because of the cyber attack no less. As is often the case i leave mer shaking my head, the rally cant possibly continue. The next day, good news. My skepticism is in place. This morning, spoken to free partner david saber, the best investor partner on earth. Tmobile talking about joining in with a phone company. Tmobiles up 60 , prisprint fas 7 o lets go over all the way this was not expected every since tmobile reported what i thought was a good quarter, the stock has been selling off. The wireless psyching, the auto, housing cycle as they kept seeing has beat. The stock of verizon and at t has be
Morning. Hurricane rita bears down in the caribbean. A category five storm makes landfall in dominica and Virgin Islands for another beating as well. Puerto rico has declared a state of emergency this morning. Global markets on edge. Investors waiting for good twoday meeting today. Central bank expected to detail how it will unwind the fourpart 5 trillion Balance Sheet. We are expecting details tomorrow. Had it all back in futures indicate a higher opening today in the u. S. Dow industrial to open 20 points. European indices right now makes ft 100 up a quarter of a percent. Dax ncsc around breakeven this morning. The nikkei in japan was a standout up almost 2 from a long Holiday Weekend in japan. The nikkei average higher. Other majors nicely lower. Former Trump Campaign manager Paul Manafort wiretapped. Federal authority secured a warrant post during and after the election they were wiretapping him. Another man on a scandal for equifax was hit by a separate hack in march and only disc
Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
The store that once adopted t the industry is being turned upside down. The bankruptcy is among the largest ever by a specialty retailer and could usher in changes to the companys nearly 1600 stores. Kate rogers is at a toys r us in paramus, new jersey. I dont want to grow up im a toys r us kid reporter despite the Wishful Thinking in the commercial, we all did grow up. When you look at retail, the way its being portrayed in the market right now, its under siege. There are some retailers that are challenged. Toys was in that camp. Reporter when consumers are turning to online, the company says it plans to restructure 5 billion in debt. It planned an initial Public Offering in 2010, then reversed course in 2013. Then it closed its Flagship Store in 2015. This wasnt always the case. Toys r us grew from 350 stores in the 1980s to more than 1600 stores around the globe today. But as shoppers turned to the web, amazon is stealing market share. While the toy industry grew 5 in 2016, amazon e
Entrance. Japanese Prime Minister shinzo abe yesterday gifted President Trump a white version of trumps signature make America Great again hat reading, donald and shinzo make Alliance Even greater. And melania gave him a special hat in return. [ laughter ] [ cheers and applause ] according to nbc news, commerce secretary wilbur ross failed to disclose that he shares business interest with Vladimir Putins immediate family. Not only that, but he shares dna with one of jeff dunhams puppets. [ laughter and applause ] thats right. Newly leaked documents called the Paradise Papers show financial ties between russia and commerce secretary wilbur ross. Is there anyone in the cabinet who doesnt have ties to russia . At this point, i wouldnt be surprised to find out betsy devos is a member of pussy riot. [ light laughter ] i play triangle. [ laughter ] according to nbc news special Counsel Robert Mueller has gathered enough evidence to charge former National Security advisor Michael Flynn and hi