And later, exclusive access inside the 50 million mansion that tequila built. Break out your saltshakers and your lime wedges because power lunch starts right now. And welcome to power lunch. Im melissa lee. The record rally rolling on. The dow, s p and nasdaq, transports all hitting record highs in todays session although were take a bit of a pause right now. Sps and nasdaq just off the highs. If the dow holds at this level it would be posting its first threeday winning streak of the year. Im Brian Sullivan along with michelle carusocabrera. Know whats not hitting records . The mexico etf. The eww. That is falling hard on the news out in the past hour or so the mexican president will cancel his planned working Group Meeting with President Trump that eww down 2. 3 . That meeting was supposed to happen on tuesday. We are also awaiting President Trump. Hes about to speak in philadelphia. The big republican retreat. We will bring it to you when he begins. Its going to be the first we hear
Playboy and what happens when brands walk away from their history . Now its really nothing but the articles. Okay. China fears adding to todays weakness. But earnings as tiyler mentione, front and center. You can see the shares are a little changed right now. Intel flat. Jp morgan chase slightly lower. Intel is down 10 this year. It rallied big over the past one month. J. P. Morgan is down more than 1 . Josh lipton covering intel. Take it away. Mandy, heres what to watch when intel reports. So, one, what is the state for pc demand . And here investors not expecting much. After all, idc reports that pc shipments dropped 11 in q3. Alex gowna says the chipmaker cant post a number thats a lot worse than the industry. He thinks sales in intels Client Computing Group which includes chips for pcs fell 12 in the quarter to 8. 1 billion. But investors dont expect much for the pc business, they do want to see strength in the companys other big business. Chips for data centers. Doug friedman says
All of the new income and wealth is going to the top 1 . Global oversupply means Lower Oil Prices are here to stay. Thats the warning from the russian minister in an exclusive interview with cnbc. One has to get used to it, learn to live with it and to work taking these conditions into account. And we get the keys to the ikea house as the ceo tells how europe can get its swagger back. The picture that we have is that europe certainly is back and maybe the perception is lagging behind a little bit but reality is that were seeing quite good times here. All right. Lets dig deeper into the jp morgan numbers. A disappointing Third Quarter and revenues missing forecasts. Profits were lower in three of the key businesses. Total income rose 22 but this is thanks to one of tax benefit. Jamie dimon said they faced a promising global environment. Now other financials set to report today, bank of america, black rock and wells fargo, theyre out before the bell and citigroup and goldman will release
Comerica Bank trimmed its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,351,204 shares of the chip maker’s stock after selling 5,666 shares during the period. Comerica Bank’s holdings in […]
Honeycomb Asset Management LP bought a new stake in Intel Co. (NASDAQ:INTC – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 200,000 shares of the chip maker’s stock, valued at approximately $10,050,000. Intel makes up about 2.4% of Honeycomb Asset Management LP’s portfolio, making the stock its 16th largest position. Other […]