Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
Filling in today. Lets take a look at the current numbers. Its 73 right now in philadelphia, a comfortable 65 in allentown. Its 67 degrees right now in reading. 73 in millville and cape may and 74 the warm spot on the map in Atlantic City but heres the difference. Although a little sticky out there right now, in a few hours were going to see the humidity drop and its really going to feel comfortable for the rest of the day. Were talking dewpoints below 60. Thats a significant change from the oppressive humidity weve had the past couple days. We have a few Early Morning clouds as that front is still lumping offer the coast. Otherwise its bright sunshine all the way through. By 10 00 a. M. , its 80 degrees with sunny skies. By noon, 85. Its still very warm today. I mean, not the 96 we had yesterday but by 3 00 p. M. 89, thats your high for at a and by 5 00 p. M. , 88, maybe a you believe can of fair weather cumulus clouds popping up but a beautiful sunny day. We are tracking another heat
Taking a jog youre feeling the humidity. Thats going to change very quicking. Satellite6 and action radar slowing the storms from yesterday off the coast. The front is limping off the coast so were stuck with a lot of Early Morning clouds but they continue to push through the east and well sea bright sunshine filling the day today. Lets take a look at these temperature. Its 74 in philadelphia but a comfortable 66 in allentown and reading, 64 in lancaster. Still sticky in millville, 73. 73 in cape may. 74 in Atlantic City and 75 this morning in beach haven. Now, in the next few hours the dewpoints are going to drop below 60 degrees and then for the rest of your late morning, early afternoon its going to feel gorgeous out there. That means its going to be nice and comfortable with low humidity through the day even though were starting it off early this morning feeling a little sticky. By 8 00 a. M. Still seeing clouds mixing with sunshine, 78 but bright sunshine after that front pushes o
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