Hi, everybody. Good afternoon. Welcome to power lunch. Im Tyler Mathisen. Stocks were rallying big earlier. But were now well off session highs. The dow had been up 162 points. And had wiped out its losses for the week. Now, not so much. It joined the s p and nasdaq in being lower for the week once again, despite the gains that you see over my shoulder there of 70 points for the dow. Financials, tech, materials, industrials among todays biggest gainers. Melissa . Thanks, ty. Im melissa lee. Consumer sentiment coming in weaker than expected. Goldman sachs winning a legal dispute with libyas sovereign wealth fund, a ruling that goldman did not abuse the relationship and force the fund into deals that the fund claims led to more than a billion dollars in losses. And the Obama Administration eliminating 100 limit on the value of cuban cigars but american travelers can bring back from the island. To the earnings for the big banks here, clearly the big story of the day. Jpmorgan, citi, wells
The 10 year treasury yield hit a record low. Its rallied a bit. Its given the dividend trade a big boost. Well break down how to avoid dividend traps and the wall street journal ken brown says why stocks could be riskier than they appear. Gold has been one of the hottest trades this year, as you no doubt know. The gold rally is just beginning. We found one of the few gold bears to lay out his case against the pressucious metals. We were scrambling i dont know who we found. Well find out coming up. Tesla ceo elon musk giving into a war of worlds over the time it took the automaker to report a accident involving a autopilot. I dont know how well get to this over the next two hours. Lets start with the global yield crush. Bill, another day, another record in terms of low yields all over the world. Theres so many jurisdictions all over the place that have these negative yields, these record low yields, we just want to point out a few of them. The notable ones to give you an idea, a sampler
It comes to the thermometer readings regional wide. Speaking of the region heres how it plays out we will start off with sunshine every where but cloud filled with time. Rain will move in from south to north just the way this storm will rotate in and as a result we will end up with showers as early as late this have afternoon but especially into tonight, poconos will be the last spots, to actually see that rain. But as we look forward, heres sort of the good break down of how things shake out period of rain coming in tonight, right through tomorrow, and scattered showers, staying unsettled right through saturday at least here. It is a row long event, coming up we will talk about just how much rain we will get out of this, meisha. Yikes. All right katie im bracing myself for tomorrow morning and were not even through this morning. We never want to do that. We never want to move too quickly. Good morning, happy wednesday. What were looking at is looking okay. Were heating up on the boule
York. Are in for tom keene and Francine Lacqua. Michael risks are back off as china falls. Were back where we were a week ago. On ahan all time lows twoyear and fiveyear yield. Lets go to vonnie quinn. Vonnie in china, the south market stocks fell to their lowest level in 13 months. The shanghai composite index down 6 at the close, falling 47 since last june. Outflows will speed up. It may be a while before things are normal on that is to coast. 48hours after the blizzard travel is a mess. 25 hundred flights were canceled or delays. In washington, federal. Overnment offices remain shut Denmarks Parliament will approve a plan allowing officials to confiscate valuables from refugees, the latest crackdown on asylumseekers. Backers of the confiscation plan says the money will go toward the cost of refugee care, but the idea is criticized as a violation of human rights. The Islamic State has stepped up Operations Command to plan more terror attacks in europe according to the European Union
Arrested in beijing for possession of marijuana. Hes the latest celebrity to be in chinas crack down of drugs. Aaron is here. What were you doing august 24, 2004 . I was right here on the bbc talking about the day google went public and entered the stock market. Then it was just a search engine. Boy, how a he can deck cade has changed that. Look at the next ten years for the mighty google. Its midday here in london, 7 00 a. M. Washington 6 00 a. M. Missouri where the officer in charge of operations in ferguson say criminals have infiltrated the crowd of protest hers and are intent on violence. Police used tear gas and smoke canisters to undue the unrest. At a news conference, ron johnson said some of those arrested overnight were from as far as new york and california. He depended officers saying they had come under heavy gunfire and been attack aed with rocks and bottles but havent afired a single bullet. We cant have that. We do not want any citizen hurt. We dont want any officer hur