Afternoon. Two big deals to tell you about. First, disney and charter ending their dispute right in time for charter customers to watch monday night football on espn. A lot of new york subscribers. The jets, as everybody here knows, are playing tonight. Charter shares are up 3 1 2 . Wbd up as well on brighter prospects for the tv business. Well have more on that coming up. And a different kind of deal. Smucker is buying hostess for about 5. 6 billion. Should help smucker grow in what the ceo is calling Convenient Food occasions and what we call junk food. Well get a traders take on what this mean for smucker a little later in the show. And we should note those shares are down 7 . So a lot of investors, tyler, a little concerned about the valuation. Kelly, did the giants actually play last night . Were you there . I was there. I felt bad. Soaked and smoked. Believe me. And left at halftime. Wow. All right. Stocks higher today after starting off september with the all too common septembe
Afternoon. Two big deals to tell you about. First, disney and charter ending their dispute right in time for charter customers to watch monday night football on espn. A lot of new york subscribers. The jets, as everybody here knows, are playing tonight. Charter shares are up 3 1 2 . Wbd up as well on brighter prospects for the tv business. Well have more on that coming up. And a different kind of deal. Smucker is buying hostess for about 5. 6 billion. Should help smucker grow in what the ceo is calling Convenient Food occasions and what we call junk food. Well get a traders take on what this mean for smucker a little later in the show. And we should note those shares are down 7 . So a lot of investors, tyler, a little concerned about the valuation. Kelly, did the giants actually play last night . Were you there . I was there. I felt bad. Soaked and smoked. Believe me. And left at halftime. Wow. All right. Stocks higher today after starting off september with the all too common septembe
Afternoon. Two big deals to tell you about. First, disney and charter ending their dispute right in time for charter customers to watch monday night football on espn. A lot of new york subscribers. The jets, as everybody here knows, are playing tonight. Charter shares are up 3 1 2 . Wbd up as well on brighter prospects for the tv business. Well have more on that coming up. And a different kind of deal. Smucker is buying hostess for about 5. 6 billion. Should help smucker grow in what the ceo is calling Convenient Food occasions and what we call junk food. Well get a traders take on what this mean for smucker a little later in the show. And we should note those shares are down 7 . So a lot of investors, tyler, a little concerned about the valuation. Kelly, did the giants actually play last night . Were you there . I was there. I felt bad. Soaked and smoked. Believe me. And left at halftime. Wow. All right. Stocks higher today after starting off september with the all too common septembe
Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.
If it closes up higher again today that will be eight days in a row of gains thats the first time the nasdaq would have done that since february of 2015 got a whole lot of earnings coming out that will very likely influence where we trade today look at the dollar dropping to a tenmonth low against a basket of currencies the euro rising above 1. 15 for the First Time Since maze of 2016 look overnight in asia the nikkei down by 0. 6 . Markets in china were higher with the hang seng up 0. 2 the shanghai up by 0. 3 . In europe, in the early trade, you will see dax is weaker down by a half percentage point. The cac is down by a third of a percentage point markets flat in london with the ftse sitting just fractionally higher lets get you through the big corporate story of the morning netflix shares soaring to new highs. The company added 5. 2 million new streaming customers in the Second Quarter thats 2 million more than wall street predicted most new subscribers came from foreign markets. T