Welcome to power lunch. Im becky quick. Take a look at the markets at this hour, check things out, youll see theyre barely bud budging when it comes to these markets. The dow is flat, so is the s p 500. The nasdaq not even moving by a point. Its the first up day in the last three trading sessions, but up by a point. Oil prices, off a cliff there. Financials are leading the pack with Goldman Sachs among the top performers in the dow. And its another bad day for macys. That stock hitting levels that we havent seen since 2011. All right, becky. Also happening this hour, Global Economic growth should come in at its highest level in six years, but the oecd did cut their forecast for the american economy. Can the president really deliver on his promise for 3 growth . Plus, two Intelligence Agency chiefs saying today they never felt pressure from the president to intervene in the russia probe. All of this comes ahead of james coyles testimony tomorrow. And on a lighter note, go get your ticke
New fears about north korea weighing on the markets. Three major averages down for a second straight day. The latest round of earnings, also a fear factor here, disney accounting for a good chunk of the dows losses in todays session. Investors meantime are looking for safety and theyre finding it in gold prices are sitting near two month highs. Thank you very much, melissa. I am Michelle Cabrera and heres what else is happening at this hour more than 85 of the companies of the s p 500 have now reported earnings, 73 have beaten estimates, 18 have missed fbi agents raided the home of former Trump Campaign chief Paul Manafort last, month comes amid the probe to influence the 2016 election. Ford is sending out several teams of investigators to Police Departments across the country theyre looking into concerns about Carbon Monoxide seeping into Law Enforcement vehicles. Michelle, thank you very much welcome eastbound, im tyler mathis and we again with the north korea threat and the rhetoric
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Very good morning to you from me as well. Lets check in on the global markets. After a triple digit decline yesterday and some ugly earnings from ibm after the bell. Thought it would be a big drag on the dow, especially when it was down about 6 . Dow futures are holding up. They are unchanged right now. Just barely positive. S p futures are up 5. Nasdaq futures are up 12. Broadbased selloff yesterday. What seemed to get a lot of attention was the bond market. Tenyear yield ever lower, moving to a low yesterday of 2. 16. Theres continued veracious appetite for u. S. Government debt. The word on the street yesterday, increasing concerns about a government shutdown. Remember next friday is the deadline for a spending bill. Will republicans end up passing it. Theyre on recess now . They have a few days when they come back next week. Thats one concern out there. Theres a number of them. Theres a big dip in
Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
Come out of air force one. He found did you i. S. I. S. Thank you very much, president obama. I have great respect. If someone cant handle a twitter account, he cant handle the nuclear code. Temperamentally unfit to be commander in cleevment pumps himself up to put others down. Tried to stay as far away from working people. Uniquely unqualified to be president. This is a guy who tweets. And you want to be president of the United States . Come on, man mr. President , it was a great honor being with you and i look forward to being with you many many more times in the future. Thank you. Trevor that is one hell of a performance, especially by president obama, which means at least one black person should get nominated for an oscar this year. cheers and applause on the other side, trump looks like he likes obama, too. Ben carson must be so jealous you oh, rats trumps gettinganewblackfriend. laughter so there you have it, folks, president Obama Meeting with future president donald trump. Im g