What a deal could mean for the other chip stocks. Power lunch starts right now im Brian Sullivan the markets moving just enough today to give your investment dollars yet another new high, thanks to the saudi news oil is moving up again data is pushing Energy Stocks higher chevron and exxon among the dow leaders. We talked about Semiconductor Companies as well. It is fair to say that lately, it rocks sox at new alltime highs. Michael kors soaring, the fashion retailer beating earnings estimates and raising its outlook. More on that ahead and reports the Pharmaceutical Company may becoming a takeover target thank you very much im tyler mathieson. Welcome to power lunch. Target gearing up for the holiday season, announcing deeper black friday discounts and plans to open 6 00 p. M. To midnight on thanksgiving day i will be asleep staying with retail, amazon cutting prices of Third Party Products in the face of stiffer competition. And the new york fed present William Dudley plans to retire
Ahead. Power lunch starts now yes, welcome to power lunch. I am michelle car use oh cabrera. Stocks have modest gains trying to avoid a Third Straight day of losses. Nasdaq higher by four. Two big toy makers rally on mattel jd. Com single day sales total more than 19 billion. And ggp is higher, after offer from brook field Property Partners to buy shares it doesnt already own. Higher by 8 tyson foods, higher 1. 5 beat on earnings that ceo joins us in a moment on power lunch. And tesla rallying 3 . Elon musk tweeting about a semi truck, unveiling this week saying it will blow your mind. Over to brian. He is in a special place yeah. Naples florida at the Global Leadership conference. Try to blow our viewerss minds with great guests. Talking market volatility or lack of. Bitcoin, Jpmorgan Chase, what happens when the Central Banks pull money back. Jeb bush on state of the gop and tax reform and ian bremer on trumps big trip, why a speech given by the president of china couple weeks ago ma
His Comms Director and he told me hes putting me in charge of this and i want to make sure im linked to him and syncopated and ill meet with him but i dont want to waste his time and sit in the oval office unnecessarily. Thank you thank you, anthony. Hanks, guys. Thank you obviously i would have been happy to stay up here all day and continue to exhaust all of your questions, but, one, i figure i probably should answer a couple today and also the president has an event here shortly so i want to try to work through as many as i can with that im actually going to start with jeff mason since i believe it is maybe your last day and my first, so with that, jeff, take it away thanks. Can you talk to us a little bit about how this was how this will a this change will affect the press office, and can you speak a little bit for sean how hes feeling and how he took this news and how he made the decision to resign. You know, im not geronioing speak for sean in detail i can say that he understood
Join us to explain a little bit later. Thats some real money. Yeah. Lets start with the jobs report and the latest out of washington. Another busy day there. Steve lease man is there at cnbc headquarters and eamon javers is at the white house. The president s team taking strong for the 235,000 jobs added in february even though it came just a month into the trump presidency. Reporter i think it was a perfect number. Right exactly where it needed to be. Our jobs plan and our Jobs Creation and bringing jobs back to america is going exactly the way wed like it to go. When i was on a month ago we talked about bringing jobs back. I think this number reaffirms everything that were trying to do. No matter who was responsible, it was a very positive report. Unemployment falling to 4. 7 and it was helped by some temporary factors, for example, warmer weather but showing good underlying strength and payrolls. Heres where the jobs were, construction up 58,000 along with leisure and hospitality. T
Failed to flip the conservative seat. The republicans dodged a bullet. Next, this is good for every for businesses. Scale down your tax reform hopes. Instead of a broad rewriting of the tax code, look instead to what republicans think is doable. That is, a cut in Corporate Tax rates first. President ial advisor pete navarro and noteables are saying the same thing, do what you can because you wont get everything you want. Varney company is about to begin. We do not believe, based on the information we have today, that this is a terroristrelated crime. Based on the information that we have been provided and our investigation has shown is that this is solely based on race. Stuart thats the Fresno Police department there responding to the man who killed three while yelling allah akbar. Details, ash. Ashley yeah, kori ali muhammad, gunned down three in minutes. And expressing a dislike for white people and did shout while being arrested. They believe it was racially motivated as opposed to