If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting ready to go on vacation, a lot of other traders are and very happy to be a somewhat normal august day here. The s p 500, very narrow trading range. Only 13 points. Got a little droop in the middle of the day. Stan fischer speaking exclusively with Steve Leisman. Some interpret him to be a little more hawkish. I didnt hear it but the markets seemed to react that way. Down just a little bit. Very narrow trading range, 13, 14point bottom to the top. Volume is heavy but declining. Heavy for august but
Welcome to power lunch. Stocks are moving lower but the dow, s p and nasdaq did manage to hit new highs in the session. First, the losers, blue apron taking nearly 20 at record lows they say the new Fulfillment Center in new jersey is eating away at profits. Trip adviser is down by about 20 on the revenue miss. Red robin, can you say indigestion. That stock is down 30 they are missing the mark and slashing their profit forecast the double digit winners, valiant pharmaceuticals earn more than 15 . Weight watchers is up 17 . The company beating on the top and bottom line says it is testing a Meal Delivery service. Oprah smiling today. She is up over 600 on her investment in wtw, wow if you are wearing a blue apron at red robin, you have a problem. Down about 40 im Tyler Mathisen here is whats happening after a threemonthlong battle, bill ackman loses his bid for three seats on the board of adp. Home prices rose 7 . 48 of the nations top 50 housing markets are now considered overvalued. A
Small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. Well have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. Which is still to come lets start, though, with todays earnings parade that is driving big moves in the market. In various stocks. Bob pisani joins us now with the highlights from this morning and we have a preview of whats still to come here tonight, bob. Retailers coming, bill, but remember 75 done. Still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. Despite the hurricanes and the issues, they gave a terrific 2018 outlook thats why the stock is up almost 3 . Move to the left, remember coach, well, its now called tapestry, that i had a decent number here. The small beat, revenues were short. Remember, now, they now own kate spade. So theyre merging the company i would call this a transition quarter
Your money, your life, your future. Now becky quick. Next week is Small Business week. It is a big deal for the economy. The Small Business Association Says two out of every three jobs are created by entrepreneurs, but just who is starting these new start ups . Kate rogers has this weeks cover story. Reporter Brian Kravitz has seen his career come full circle. He began fixing typewriters in the 1970s and continued until computers came on the scene. But much to his delight and surprise, typewriters are back in vogue and he is in business for himself at age 67. I just feel really good. I get up every day. I dont want to sit around. What can i do . Go to the golf course . No, not me. I want to do things. Reporter he launched his business, philly typewriter in 2015, fixing and selling machines that date back to the 1920s. Kravitz worked for years in marketing and direct mail and said his experience in the workforce has helped him with his latest venture. Im much more aware because ive had
But just who is starting this new start ups . Kate rogers has this weeks cover story. Reporter Brian Kravitz has seen his career come full circle. He began fixing typewriters in the 1970s and continued until computers came on the scene. But much to his delight and surprise, typewriters are back in vogue and he is in business for himself at age 67. I just feel really good. I get up every day. I dont want to sit around. What can i do . Go to the golf course . No, not me. I want to do things. Reporter he launched his business in 2015, fixing and selling machines that date back to the 1920s. Kravitz worked for years in marketing and direct mail and said his experience in the workforce has helped him with his latest venture. Im much more aware because ive had so many more experiences in being in business and doing things with people. Reporter while millennial zuckerberg might be grabbing headlines, found boomers are twice as likely to start their own businesses. Experts say the rise in boom