Bazos versus trump power lunch starts right now heres what else is happening. Southwest airlines pulling back on its service to cuba because the routes were not sustainable. Southwest will continue the service from ft. Lauderdale and tampa to havana. Phil jackson out as New York Knicks president they were 80166 in his full three seasons. And for the first time ever, samsung will build appliances right here in america. It will open a factory in South Carolina creating more than 950 jobs by 2020. Im Tyler Mathisen a rally today. Financials, industrials are leading the way at this hour one stock were watching is fedex. The stock is higher after it said there was no data breach to the tnt express unit but there could be a possible Financial Impact from a disruption in operations lets get the latest on this rock them, sock them rally in this edition of power lunch. Bob pisani is on the floor of the nyse hi, bob. Reporter there doesnt seem to be anything in the way of the market ramp. Lets l
Wargames start this trading week , a few jitters, a mixed the session, msci asiapacific nding declines from friday extending declines from friday. The palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the Trump Administration. Macrolike when it comes to asia and globally, but 54 or the eight, local Central Banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the Balance Sheet about Interest Rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for Janet Yellens comments, guidance when it comes to the richer directory and talents sheet unwind. The ecb, not expecting shock and all from mario draghi. 2014 had him using ja
Talking about the closing bell. Welcome. Im kelly evans and the new york stock exchange. Im bill griffeth. Eight years ago today the s p hit its low point, 666. Discuss that for a while. Diabolical. The market of course has come a long way since then. The s p right now is around 2375. Well look at whats behind the pause going on now. Travel stocks are getting hit as President Trump signed a revised executive order temporarily banning travel into the u. S. From six countries. Snapping its win streak we have the first down day for the hot ipo of last week snap. We have more of whats behind that move today down 8 and 3 4 now. Td ameritrade clients have been selling for eight straight months. Well debate if this is the time to sell as the iphone 8 leaks trickle out. Havent even seen the 7 yet. Well talk about it coming up. Lets start with President Trump. Eamon is at the white house. Reporter this is a buttoned up white house in light of the signing of the executive order. The president si
Welcome. You are watching the pulse. We are live from bloombergs european headquarters. I am guy johnson. Busy morning for the eurozone. The french finance minister is ofnning 21 billion euros spending cuts in 2017. He has outlined next years budget. He says the french government sees the deficit falling 4 in 2017. We wont get 2. 8 until 2017. This is the line that really encapsulates the story from the french this morning. The rhythm of Debt Reduction is appropriate to the situation, safire says. No further efforts will be demanded of the french. The government needed to put the country on the right track. Refuses austerity. That tells you a lot about the direction of travel here. It is going to maybe continue to change the relationship with germany. We have also had news out of the germans this morning when it comes to manufacturing, below 50 according to the pmi this morning. This is the flash number. That has sent the euro tumbling as well. We had a touch at 1. 26 yesterday. We are
Alltime low territory. Earlier in the day we had inventory numbers on crude oil look theres the 40year. I feel like bringing Rick Santelli in this moment but well bring in in a second. Theres crude oil. Inventories were higher than expected for crude oil, so it pushed prices lower. Were almost at a sixyear low. They keep pumping oil. An hour from now another huge Earnings Report. Its from facebook this time. The social networking giant trading higher ahead of the closely watched numbers. Well get them to you first with top analysis from the street. And hes a billionaire who flies on private jets. He has a huge home and hes made headlines when he do this last week. Americas lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence. Were talking about jeff greene. Hell be here exclusively to clarify those remarks. You certainly dont want to miss that coming up. A lot to watch out for. And the markets right now, the Dow Jones In