Fivestar rated money managers. That is a total obviously of ten stars worth of advice, and as the rates rise. Its kind of like a cnbc soap opera. If that tenyear bond hits 3 , what is it going to mean for stocks . What is it going to mean for housing . Maybe even for the auto sector as borrowing costs move up. Were going to explore that in a dramatic way today on power lunch. First though to sue at the nyse. Hi, ty. Lets get right to the markets after yesterdays big selloff. Were down today, but only right now about 21 points on the Dow Jones Industrial average. The s p just fractionally lower by about 3 points on the trading session. The nasdaq in the green, up almost 6. 5 and the russell is marginally positive. The tenyear will impact your investments, your house, your car, stocks, your spending, your life really, and right now we have the tenyear at 2. 839 . So were getting ten stars worth of advice. Greg fisher, manager of the five star rated Gerstein Fisher growth us as does matt
Docket. Well be getting julys Producer Price index. Well have august Empire State Survey. Geopolitics once again dominating Global Market headlines. Here is the latest on the situation in ukraine. Ukrainian officials are inspecting a russian aid convoy parked just beyond its border. The developments suggest easing of tensions over the shipment, but it could be short lived. Nearly a dozen personnel carriers showed up. Nuri al maliki stepping down amid pressure. The its still plans to target terrorists on the ground. Soda giant cocacola buying a major stake in monster beverage. Price tag, more than 2 billion. Monster had transfer its nonenergy business to coke. Rare news in the Retail Sector lately, a winner. Jcpenney posting better than expected same store quarterly sales. The Department Store had a loss, but there they are in the premarket. Allibab alibabas first used says it is going to work out. Alibaba completed its purchase of a media unit less than two months ago. Thank you, scott
Lets go to Nicole Petallides before we talk about anything else. Check on the markets. Good morning nicole. We pared the losses. Were down 41 points on the Dow Jones Industrials. 15,059. Just below the 15,600 mark. We had a nice run though, havent we . S p 500 down 1 00 quarter of 1 . It shows you we had momentum remains to the upside. Traders continue to believe with the easy fed policy the path of least resistance is to the upside. Of 3d systems, largest printer company, looking good. New alltime high. Potential takeover rumors maybe by ibm according to our own charles payne. Spending on research and expanding retail presence. Up over 100 and what a great performer and a new high today. Back to you. Connell thank you, nicole. More on obamacare. New developments in moment. Well focus on gubernatorial races one in new jersey and one i said a moment ago, in virginia, where the civil war in the Republican Party is playing out for all to see. Joining us from washington, d. C. , ron christ
This morning lee cowan will connect the dots. The doodle. Even its very name makes it sound frivolous. Scribbles and scrawls sometimes recognizable, sometimes not. They actually have a point. I dont think there is any such thing as mindless doodle because the act of doodling necessarily engages your mind. Like some are exploring the discipline of doodlology. Ahead on sunday morning. Osgood experts say the next big thing in cars is just around the bend. Barry peterson looking down the road. Now under automatic control. Hands off steering. The selfdriving car is picking up speed from the drawing board to the freeway. Can i just let go . The car may soon do all the work. The word drive is the word in the future. Could be obsolete is the driver. That story later on sunday morning. Osgood larry flynt founder and publisher of hustler magazine is one of the more controversial figures in america and in some circles one of the least admired. Is there anything he could possibly say for himself a
Skies. The growing movement to force the nfl commissioner out of the league. A suspect is killed by a Police Officer in richmond in the citys first deadly officer involved shooting since 2007. Good evening, im Eric Rasmussen in for ken wayne and im heather holmes. Police say the officer was aggressive and drunk when he was shot. But, some are wondering if the officer acted too quickly. We get the latest from patty lee. We just received a statement from Richmond Police patty . Reporter there were a dozen members of the victims family here, grandparents, cousins who say they dispute the Police Version of what happened. They were here to leave candles and flowers, but did not want to talk to us on camera. Friends wept when they learned 24yearold richard perez, also known as petey, was killed early this morning. Richmond police tell us perez was sicily intoxicated an uncooperative when an officer on foot patrol approached him. The officer asked perez to sit down on the sidewalk, first, he