Power lunch starts right now welcome to power lunch. Im michelle carusocabrera. As you can see, negative territory by more than 100 points nasdaq is still in positive territory by higher than 3. 5 points melissa mentioned ge and boeing. You can see ge by off by 2 and boeing off by 2. 5 bitcoin, though, is bouncing back following a few wild days you can see its higher by nearly 6 along with other movers alcoa is down 8 on its earnings you can see it is off by 5 bucks. Brian . Thanks, michelle. Heres what else is happening the race for Amazon Headquarters and the money behind it is heating up there are a number of surprises. Did your city make the cut well have that list ahead speaking of heating up, according to the United Nations last year was one of the warmest records on planet. Some things are cooling off. Dropping sharply especially in the northeast. Melissa . We begin with todays market drop the dow is down triple digits. Bob pisani is watching all of the markets. Hi, bob. Theres
On cnbc. Im dominic chu. Im seema mody. What a big day it is. We had a massive reversal yesterday. All of a sudden its carrying through into today lets check the Global Markets this morning starting with the u. S. Futures picture were seeing quite a bit of green across the board right now the Dow Jones Industrial average will open up by 250 plus points the s p by 21. The nasdaq up by 56, 57 points lets check on the ten overtreasury note yield because it has been a very big battleground for many traders. Arguably one of the biggest driving forces behind the recent market volatility. Interest rates now, 2. 92 , multiyear highs for that longerterm u. S. Treasury note well see if that stays the game given todays other big inflation data coming out, the Producer Price index interesting that despite the rising inflation picture, stocks still ended higher we are higher premarket as well. Many asian markets are closed todayt for the chinese new year, japan did remain open. The japanese nikkei
The european banks. See them in the green there, but after losing 20, 30 , weve only got a bounce in Deutsche Bank of less than 1 . Royal bank of scotland up by 2 . Lets get to wilford in brussels with breaking news. Wilfred. Reporter melissa, thank you very much. Im joined in brussels by nigel farage. Congratulations, extraordinary victory last week. Big event. Seismic actually not in terms of british or european policy but even global policy. This was the little people. Ordinary people. Standing up against the multinationals, the Goldman Sachs and big politics and getting a victory. Big news. A long way to go of course until the uk actually leaves the European Union. When should article 50 be invoked . Well, i have to say i rarely agree with the president of the european commission, but what he said today we should end the uncertainty and start the process, you voted to leave, so lets do it. I thought to myself, yeah, hes right actually. The idea that the succession in the conservati
Train continues philip morris, kkr are among the names to watch before the bell today. News corp. , activision. The ecb will announce its policy decision later today. The market is hanging on those two reports. Kayla, thank you very much. Weve got some big Corporate News for you this morning. Twitter, that was your top corporate stories. Shares getting slams slammmed. The stock is down big time, about 17 . Wiping out basically a sixth of the companys value. Earnings and revenue did beat the street. That was not the problem. This was. Slowing new user growth and a severe decline in timeline use. Thats when a user refreshes their twitter spaj, being used as one of the key measures of how active users are. Ubs out this morning cutting price targets from 55 to 35. What does this say about twitter . These crazy valuations. I dont want to say they havent revolutionized the world. They have. But is it possible that this is the beginning of the bubble getting ricked . I was thinking about this