Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Company could file for accuracy as early as monday. At the end of the day, this is a fascinating story gone wrong. Set aside some money to fix the land from its production, basically. They do the thing where they say, we will take care of it ourselves. In note on their balance statement. They had 90 days to get more money to get insured. It could be a potential reason for why the money thats why they had declared bankruptcy. That is might we see more like this . He could be the domino effect. Alix they could also be under pressure as well. Betty much more ahead. Top stories. Alix this high with funding bill. Transit money will continue and we to three states will pay the bills until the end of october. 91four. Proved by bill there are roadblocks standing in the way increase in Interest Rate. They say they want to see some additional gains before raising rates. The former fed governor said there is a scenario in which the fed may hold off for a little while. Inflation has been quite low
From google and airbnb. All of that i had on bloomberg west. First our lead microsoft is considering an investment in uber at a valuation of about 50 billion, but a final decision has not been made. Microsoft declined to comment but uber recently bought a portion of Microsofts Bing mapping unit from the Software Giant and they are integrating uber into cortanas Voice Control assistant, which means synced with an uber microsoft devices. Dina bass is on the phone. With me in the studio is hunter walk, who will be my guest host for the show today. Also, Technalysis Research founder bob odonnell and crawford del prete. Thank you for joining us. Dina, i will start with you because the wall street journal is reporting this deal with microsoft is closed. You say a deal aint done yet. What is really happening . Dina i was told definitively microsoft has not participated in a round, has not made an investment but rather they are considering an investment. There are discussions ongoing and evalu
Cfo to talk about competition from google and airbnb. First our lead microsoft is considering an investment in uber at a valuation of about 50 billion, but a final decision has not been made. Microsoft declined to comment but, uber recently bought a portion of Microsofts Bing mapping unit from the Software Giant and they are integrating uber into cortanas Voice Control assistant, which means you can sync with microsoft devices. Christina bass is on the phone. With me in the studio is hunter walk, who will be my guest host for the show today. Also, Technalysis Research founder bob odonnell and crawford del prete. Thank you for joining us. Dina, i will start with you because the wall street journal is reporting this deal is closed. You say a deal is not done yet. What is really happening . Dina i was told definitively microsoft has not participated in a round, has not made an investment but rather they are considering an investment. There are discussions ongoing and evaluation would be a
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.