Thought you liked to crochet, tyler. Welcome to power lunch. Im mellissa lee. Mylan says profits are 60 higher than it told Congress Last week. Well have more on that. New home sales falling in august, that drop coming in below expectations. And stocks continue to slide as we head deeper into the trading day. Look at this, dow, nasdaq, s p all in the red. Major move higher in the price of oil. Michelle . Im Michelle Carusocabrera live at Hofstra University in long island. As tyler mentioned, were less than eight hours away from the biggest event of the political season so far. The first president ial debate with the latest polls showing a dead heat between Hillary Clinton and donald trump. What happens tonight could be a total game changer in the race for the white house. Lets bring in cnbcs chief washington correspondent john harwood. Lots of expectations for tonight. What do the candidates have to do to win . Lots of expectations, big event tonight. What does history tell us about ho
The election but it has had an effect on the markets today. Clintons performance causing a additionlly today in to we have a Consumer Confidence reading for august that was the strongest in nine years with survey respondents saying they see jobs as plentiful at the moment. Aroundhave been hovering highs of the sessions for most of the day. What specifically we are watching, the fang stocks to the floor as of late. Largecap technology counting for a lot of the recent gains we see. We were talking about the sector spider report and amazon trading a record. Netflix higher, helped by price target increase. Alpha that is also gaining ground, so tech is the single biggest contributor. One exception is linkedin, on a report that there may be regulatory opposition in the eu. Thats coming from a Market Research firm. Clearly where those headlines hit. So thats a bit of outlier in technology today. Creating a bit of a in other types of cyclical groups, Energy Shares because we see a decline in o
Branch with a colossal fine. I told you it was unlikely that deutsch bank would go under. Still we were bombarded by calls that this was the next lehman brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the arm ageden scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place to start our game plan as were going to find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at orbacks. More later about how things really work behind the scenes in th
Brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the armageddon scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place to start our game plan as were going to find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at our backs. More later about how things really work behind the scenes in these kinds of things. I think you should hang around. I think youll like it. For now lets just say a deal would be immensely positive giving the huge nu
It means the sexual history of murder victim Lizzi Marriot will remain sealed during her convicted killers appeal. Good evening. Im tom griffith. Shelley and im shelley walcott. Marriotts family is applauding the ruling. And as wmurs jean mackin explains, it has implications for future cases as well. Jean victims rights organizations call the ruling here at the state Supreme Court groundbreaking, protecting sexual aau the states highest court ruled to keep the sexual history of murder victim Lizzi Marriott private, reversing its own earlier decision that would have unsealed documents to be used in her killers appeal. Today, we learned that the Supreme Court decided to reverse itself and to maintain all of lizzies sealed information under seal through the duration through the appeal, which is what we had hoped for and asked for so we are very happy with Seth Mazzaglia was convicted of first degree murder and sentenced to life in prison his attorneys requested information about marriotts