Welcome to power lunch. Im melissa lee. All three major averages in the red. Nasdaq lower for the first time in four sessions. Among the biggest losers on the nasdaq 100, activision. Ty. Welcome everybody. Im tyler mathisen. Shares of hain celestial, an accounting probe. Much more on this story straight ahead. Were seeing a big move in oil once again. Crude touching its highest level in a month or so, back above 46 a barrel. And a Trump Campaign shooting down reports that former fox news chief roger ailes is advising the Trump Campaign specifically on debate preparation. The New York Times reported earlier today that the two were working together ahead of the president ial debates. Michelle. Tyler, i am michelle carusocabrera, and we begin power lunch with another big blow to obamacare. One of the nations Largest Health insurers is pulling out in all but four states. Cnbcs Bertha Coombs is working that story for us. She joins us with the details. Bertha. Michelle, its a sharp reversal
The theme throughout durham. A dark canopy moved over durham in a hurry bringing with it sporadic downpours and of course, wind, heavy wind. Some trees fell, cutting through homes on their way down. It was a huge explosion. The rain, wind and swirling. You know, it was a little bit scary. Reporter neighbor, kimberly wingatebrown says a mother and three children were in this house on delwood drive when the tree toppled over. She moved to the basement when the weather first turned bad, a smart call. The falling tree smashed through one of the childrens bedrooms. She was visibly upset, of course. Reporter this storm wrote similar stories in other neighborhoods. This tree went into this home on rose brier drive. The tops of surrounding pine trees were snapped off in the wind. And then this one on north roxboro road. Roots lifted into the air. With their insurance company. In this particular case, shattered glass is pretty much everywhere across this driveway. For many homeowners today is t
Could the major averages end 2015 with double digit gains . Yes, you heard me. Five weeks into the deadline, confusion and delays in switching over to the new chip credit cards creating a golden opportunity for hackers. They are preying. How safe are you. Maybe you should be praying. And is money that is being september by the Federal Reserve and treasury to iraq ending up in hands of terrorists or iranians . First lets check in with with sara. Good afternoon. We start with a stock market in a rally. All three major averages back in the green for the year. Could we be looking at 2015 ending with a dull digit gain . One market bullish strategist thinks so. Everybody is saying were going to flat line into the end of the year. Given where short positions are and how much capital is on the sideline, maybe we have a double digit end up 10 , 12 percent year. A bold call. Is he right . Brad mcmillan joining us. Lee has been right all along, but 10 to 12 sounds aggressive. In eight weeks. So t
Target practice. Given all the volatility weve seen, are wall street strategists s p targets about to change. Do you have an answer, mandy . Theat least i have some very smart people joining me through the course of the hour with their answers. Welcome back, brian. We missed you. Begin with the wild swings in oil. Those prices were down bigtime earlier but weve seen a massive rally to the tune of about 6 now building on the two previous big up days, keep in mind. But crude has now completely obliterated all of the losses it saw in august. It was down about 20 . Jackie deangelis joins us with more from the nymex. What was the major spark in this turnaround . Crude, jackie, and do people believe in it . When you look at session lows, 43. 60, were up more than 4. No one was looking for it in the morning. But the headlines came out that producers are now willing to talk about production globally. Opec saying that it stands ready to talk to other producers about the market but that it wants
Way. We continue to deal with the cold its record breaking in some locations and two were watching the arrival. Snow as the system approaches from the southwest. Look at these temperatures, minus five degrees in millville. Atlantic city at the airport minus 4. Allentown, down to zero. These sterchlts are temperatures are record low. Wilmington 11, lancaster 9. Philadelphia, 13, trenton,. We have a windchill fortunately the winds have coupled calmed down from yesterday. Winter storm warning goes into effect for lunchtime for areas highlighted in pink. This is where well see several inches of snow before an eventual changeover to ice. Beginning as snow and changing to ice by evening and well see rain overnight tonight into tomorrow morning. Well see less of an consume lailings here accumulation here more north and west. Well see a huge malice of precipitation push east, snow to the north. Thats the wintery mix cutting across the ohio and tennessee valley. 8 00 a. M. , a bonechilling 15 d