For you on that. And rolling out the red carpet, denver one of a dozen u. S. Cities now battling to be amazons hq2 were going to go live to the mile high city with the governor of colorado. Power lunch starts right now Rocky Mountain high colorado Rocky Mountain high welcome to power lunch. Im melissa lee. Tech leading todays record breaking chart the s p 500 topping 2,700 for the First Time Ever. Commodities on the move as well. Crude above 61 for the First Time Since june 2015 platinum by the way highest level in more than five weeks. And gold is trying for nine Straight Days of gains nat gas taking a hit today with prices up 10 in the past week as tyler mentioned this record breaking cold really causing people to stay inside. Shares of scana up South Carolina residential customers will get an average of 1,000 within 90 days of the deal being completed, brian. Melissa, thank you im Brian Sullivan as much as the world focuses on trumps tweets, lets stay focused on your money. And can
Time hour. Came out 20 minutes earlier than anticipated. It showed no clear sign of whether the fed would hike rates in september. We have Steve Liesman standing by to break down that data for us coming up. You know, i was going to say, these are two sides of the same coin in a way. Speaking of breaking down, take a look at oil, its down more than 4 today, its trading below 41 a barrel. Were watching to see if it punches through that 40 mark. Look how close it is right now. 40. 62. And the september wti contract, down almost 5 on the session. Again, were looking at lows since march of 2009. Weve got a top commodities trader to discuss whether a floor is in sight. And, of course, all of this feeds into what will the fed do . What is inflation going to do in this country . Always interrelated. Thats for sure. Meantime, 1 trillion, thats how much money has come out of emerging markets over the last 13 months. Were going to discuss whether you should be following that herd or maybe take a
Also good news on the cholesterolfighting front. And has the perct car been finally created . All of those things and lots, lots more today. Tyler is out today once again but Kayla Tausche joins me live at the nyse with bob pisani. Hi there, kayla. Hey, mandy, great to be here. We are watching the markets in rally mode. Mandy ran through just how historic the gains were seeing are. Put this in perspective. Just the fact that the dow has risen, what, 1,000 points in two days . 1,000 points in a day and a half. The s p is 100 points. Youre seeing some numbers youre not going to likely see very, very often. I havent seen them. Ive been here a long time. Look at the s p 500 melting up here chasing stocks here. Weve got to get them because theyre running away from us. Thats what it looks like. Its been a long week. But let me show you the markets today. Were getting strange numbers again. Heavy volume but not as heavy as the last few days. The volatilitys been dropping. Look at this breadth
Europe is higher and kay shiller home prices just released. Road map begins with under armours ugly outlook, slashing the full year guidance, the lowest open in four years. Plus apple versus qualcomm. They may ditch the chips for next generation of phones and ipads. 126 million and counting, facebook and google and twitter on the hill as new data shows the scope of russian backed preelection manipulation, far greater than previously disclosed but first david has news on a big deal. Yes, we do. Emerson electric wants to own rockwell auto mason and made a series of offers to the company in an attempt to fulfill that desire emersons most recent offer was worth more than 27 billion. It was made in early october for 215 a share that was split evenly between cash and stock the offer worth 200 in early august and one it made a few weeks after that, emersons latest offer to buy rockwell, which increased in value, was met with a ters rejection according to people with knowledge of the correspon
Pick amid tensions. Rishaad there we go. Talking about apple. Nasdaq,ows how the which hit another record high has been powered up by apple to some extent. You can see that with apple included in nasdaqs total , but if you growth remove apple, just shy of 160 . Important apple is as a retains its status as the worlds most valuable company. You have been taking a look at the yen, i believe. Haidi thats right. The two stories, apple and the , not much in terms of reaction on the equitys story. Equity story. Japanese markets not getting a chance to react to this yen weakness. , technicalsat this when it comes to where they again is at now, still above that 112 level. The dollar is at a shortterm peak. We do have a call from rbc saying it should be easy to get but japanese markets are off until monday, some not getting a chance to get the boost from a weaker yen. We are 30 minutes away from the open. Singapore, taiwan, and malaysia rey. Ing the trading fo sophie not much in the way of dire