The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three
They say the situation in the Foreign Exchange market is still fragile. This is significant because it marks an end to the snb referring to the franc as significantlyovervalue. The august Consumer Price index comes at 8 30 a. M. Eastern time that hits with weekly jobless claims and the bank of england has a policy decision due around 7 00 a. M. Eastern time. Tesla announcing plans to unveil its highly anticipated truck. That will happen on october 26th the tesla semiis wh is what thee calling it that date a setback. Elon musk expressing his excitement saying the batterypowered beast is worth seeing in person shares of tesla, down marginally on that news a bit of deal news shares of Tenet Healthcare are jumping on reports that the company hired advisers to explore options including a possible sale. Last month they said they would replace the ceo and some Board Members after concerns from glenn view capital then net h that stock up 14 in the premarket. Equifax says a web server flaw in i
Yields dont strengthen. Ten year approaching 2. 34. Road map begins with the tax reform push. Tech is under fire. Senate Intelligence Committee is calling for public testimony from executives at twitter, facebook and google. Another equifax apology. The companys interim ceo shares their new strategy to protect users data first up republicans pulling out all the stops to push their tax reform plan which includes cutting the corporate rate 20. Gary cohn said he disagrees with those who say it will cost 2. 2 trillion because it will be paid for with growth. We think we can be substantially be above 3 gdp growth with what well accomplish on deregulation and tax reform said i he agrees they would have preferred 15 but 20 on corporate is a bright red line, a bright line test if they were going to do that and do repatriation this would be like speaker ryan talked about. It could just happen the fact is that those of us who have gone through what looks like a plan have no idea what it means. I
Has surged fast forward to september. This sector is surging as a former leader starts to solve it tonight we kick off the show with our ultimate game of, our favorite game, would you rather. Start of the show start of the show, out of the gate if youre putting fresh money to work through the end of the year, do you go with energy or would you rather say banks guy . Wow, thats a tough one i mean, kudos to tim seymour on my right, hes all for the energy move, good for him. Given the run the banks had, if we had started today from day one, i would say energy. Why . I think theres momentum behind energy look at exxonmobil for example today. Still closed up a percent on a rather tepid day for energy. It was impressive at the end of august when it held at 76. We flagged it then if youre asking me would you rather, which you clearly did, exxonmobil and energy. Wgi is down a percent while Energy Stocks were actually pretty good, as guy pointed out. Youre now in a bull market in a number of na
Good morning very warm welcome to Worldwide Exchange. Im wilfred frost. Im Courtney Reagan in for sara eisen thanks for having me no shortage of news today. We have a lot to talk about. And its friday what more could we want . Great to have you with us. Lets check in on the market picture. We got a laterally yesterday, pretty much in line with when President Trump announced jay powell as his pick for the fed we saw markets rally up towards the close. Not a huge rally but the nasdaq ended essentially flat the dow up 0. 35 the s p was up fractionally. Banks rallied a bit as well. Jay powell in a short speech had time to say he felt the banks were safer than they used to be. That was encouraging in terms of the deregulatory outlook this morning were pointing higher the dow up by 17 points. Nasdaq by 19 s p by 1 tenyear treasury note has seen yields slip significantly over the past week or so. Down to the mid 2. 3 level. 2. 35 . Looking at the action around the world starting with asia we