Welcome to squawk alley for thursday were at post 9 of the New York Stock Exchange were getting some Oil Inventories in a moment here Hurricane Irma makes its way to florida as a category five storm, slamming into several islands in the caribbean overnight. We have Team Coverage this morning. Wmaq meteorologist is back at hq phil lebeau is in chicago. Lets start with you we have a very strong category 5 hurricane that is going to churn over warm waters and low sheer, those help keep the hurricanes moving at the intensity that they have if you look behind me, you can see a very strong, very wide large hurricane first going to be moving towards turks and cake yoes as it moves forward tonight. Then eventually going to be making it to the southeastern part of the bahamas. And then the eye set on south florida. Still, were watching some questions and some points that we have for you as we move forward in the next few days the potential path as of right now could have this storm moving right
Hitting the stock, costcutting, threat of dividend being cut. We have everything you need to go going into the report plus full coverage and also of the Conference Call, we will bring you that as soon as it hits the tape. Coming up, plus broader markets this morning looked like this, futures indicating another rally higher after last nights budget vote, this market will not quit, up 100 points at the open is what we are expecting this morning. In europe gains across the board as well. Take a look at major indices in europe, ftse up a third of a percent. In asia, overnight, markets taking a cue from the u. S. , higher, shanghai in china up, hang seng up better than 1 . New concern for flyers to report, faa warning that laptops and checked bags can cause explosion and calling on airlines for ban of laptops and the ratings are in. Consume ir report out with most reliable cars, only one brand cracking the top 10, thats buick, we will tell you who top it is list coming up. Plus victory for
Good day, everybody. Welcome to power lunch. Im Tyler Mathisen. Stocks are mixed right now. Very slight gain for the s p 500. A little more for the nasdaq. The dow is off, ever so slightly, by about 6 points. Lets check out oil, getting hit hard with wti trading at its lowest level in a month, off nearly 2 at 51. 15. Melissa . Hi, everybody. Im melissa lee. Adp blowing job expectations out of the water. Announcing 290,000 jobs were added last month, far exceeding the 190,000 expected. Pimco announcing a new Management Structure for its total return etf. Current management remains in place for Pimcos Total Return Fund and President Trump is talking infrastructure at the white house. Later in the day, the president will meet with conservative leaders to Talk Health Care as well. A very busy two hours coming your way. Brian sullivan is with us from houston. Whats on tap . Tyler opened the door and im going to walk right through. He talked about oils decline. Were back in the low 50s, well
Provide a legislative professor, alan arback to discuss the major step towards reform and a panel of experts to discuss the pros and cons of this approach. And well finish up today with doug holtz with his views on the need for Corporate Tax reform. As we go through the program today, i encourage the audience to use the hashtag live at urban with todays event and on webcast, if you want to ask questions of the speakers, go to events urban. Org. Well have someone mon orriitor the email box so they can be folded into the discussion. For people today, the comment cards on your chairs or senator wieden. All others will pass around a microphone. I think thats it for the housekeeping thouchannouncement have, so let me turn to a formal part and introduce senator ron wyden. Senator wyden is from oregon, served two decades after distinguished house career. Senator wyden is currently the Ranking Member of the Senate Finance committee with several trade policy, medicaid, medicare, many other prog
Present with tickets to add dell concert. The u. S. Election effects her as well and she is 100 percent behind Hillary Clinton. Earlier in the day at a rally in florida clinton told supporters democracy as we know it is at risk if donald trump is elected. After spending his entire campaign attacking one group of americans after another, immigrants, latinos, pows, muslims, people with disabilities, now his final target is democracy itself. With less than two weeks to go they are on fund raisers on the campaign trail. He has scaled back some. They continue to build on the contract with america and layout his vision for the country. It election has so many things going. Lower taxes, less regulation and we get rid of obamacare. We will be a rich nation again. To be a rich country we must also be a safe country. That is why my contract includes Major Investments in federal Law Enforcement efforts. Despite that endorsement from adelle she is getting heat and having them question she is out o