Causing plumes of smoke to envelop the area. No one was hurt. The scene is under investigation. In south florida, a double decker tour bus went up in flames, shutting down i959 for hours. Dozens of forests ran out of the bus to escape. No injuries were reported. It is unclear what sparked that fire. A delta flight departing from jfk to los angeles was reported to return to new york after an Emergency Slide fell off shortly after takeoff. The aircraft has been taken out of service and will undergo maintenance inspections. In moments, i will speak with two guests who were in court this week for donald trump trial. The fascinating detail we learned from trumps assistance when she took the stand, ahead. As we start the hours with Breaking News this hour, another day of dangerous weather across much of this country. Tornadoes, flooding, hail, and strong winds are a concern from the great lakes to texas. Last night, there was a Tornado Outbreak centered in nebraska. No deaths have been repor
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that period, the unemployment number that friday, thats the
Bobby kotick, is telling us how hes turning one of the most popular games into a Sports League of its own. First, the dow surging back after a spike in rates this morning. A loss is what happens when there are more sellers than buyers those losses were shortlived with the dow closing basically flat so with stocks near record highs again, we thought we would play a Little Mission impossible stock. Your mission, should you choose to accept it, find a cheap stock trading on the s p at its highest valuations in a decade we have our own tom cruise at the desk in the form of tim seymour. Maybe rob lowe. Jack wagner, maybe. We talked about if the airlines are cheap ill leave that to them, if theyre so inclined. Look at Prudential Financial that stock is trading ten times forward p e. They just raised guidance recently if youre looking for places that still offer value, and potentially a rising rate environment, a name like pru will get you done. Financials. With an insurance tail. Im going to
You picture that in power lunch starts right now. S. Hey, everybody welcome to power lunch for a wednesday. Thanks for joining us. Im tyler mathisen, stocks on track for the first down day maybe for 2018, and you want to be volatility you wont see it there look at those moves. The dow just peeking into positive territory by 0. 01 of a , led by the airlines, american, united, delta all flying a new tenmonth high and breaking news on the tenyear auction results Just Moments Away were above 2. 5 Home Construction stocks tracking for their worst day, folks, in more than a month. Morgan i am Morgan Brennan are Rising Interest Rates a threat to this rally we have all the angles covered Rick Santelli in chicago watching an auction of tenyear notes. Steve liesman here on set on the rapidly Rising Interest Rates, but we begin this hour with bob pisani where stocks are rebounding bob, whats going on slowly but surely, about you it started out rather rocky. Preopen, the futures contract, where ab
The top 1 could see gains of up to 18 . Other americans will see an average 3. 3 gain. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily this is Bloomberg Technology. Coming up, Silicon Valley mobilizes against the fcc with its army of tens of thousands of Tech Companies. Redick cofounder Alexis Ohanian reddit cofounder Alexis Ohanian joins us with his take on the fight for Net Neutrality. Activision blizzard announces the sale of the first franchises. The new England Patriots owner went allin. We are live in sun valley, idaho, with one of Silicon Valleys most influential voices. Sam altman joins us to discuss why he is leading the charge to find the next governor of california. First, the fight over Net Neutrality, a host of internet giants from amazon to facebook joining forces to protest the rollback of Net Neutrality rules. Earlier this year, the fcc vo