More important for retail eers. What do they it like . What do they hate when it comes to retail . Power lunch starts right now. Happy monday. Im melissa lee. The dow, s p 500, nasdaq posting their best gains of april but that got wiped out. Stocks are moving higher, though. Some stocks were watching this hour tesla, the electric carmaker, now the most valuable u. S. Ougautomaker. And shares of rentacenter soaring. They say they are not exploring a sale, despite coming under pressure to sell. President trump set to meet with some of the nations top ceos tomorrow. 27 billion for toshibas computer chip business. As we head into the driving season, up 9 cents over the past two weeks to 2. 43. Michelle . They want the mon y back. Wells fargo chairman speaking about it first to wilfred frost. Exclusively. Lets get to the story, the board has reclaimed a 47 million off pay on top of the 19 million. And terminated her for cause. Here is chairman sanger who oversaw the board review. The root c
Second best month of the year. Europe with some mild gains. Oils almost back to 47 on renewed optimism that the opec Production Cut will survive. Our road map begins with the next treasury secretary and Donald Trumps busy weekend, what the picks will mean for the markets. Plus, a mu bearish note on apple predicting a decades long malaise, quote, the risks to the company have never been greater. And facebook announcing a buyback, zuckerberg promising changes to combat that fake news problem. But first up, stocks looking to make more history after a week which saw the dow and nasdaq hit record highs. The s ps within 0. 6 of its own high. Jim, that russell, that small cap story continues to be intact. People just say where would deregulation really impact . It would be the smaller guys. Its so interesting that the analysts take their turn at downgrading and not believing. Last week we had multiple downgrades in the banks. Those stocks held up better than anyone thought. They continue to b
< next, labor secretary thomas perez discusses labor policies, minimum wage, and overtime pay. Democratic officials outlined plans for next months convention in philadelphia. After that, a discussion on u. S. Strategy in libya. Labor secretary thomas perez outlined president obamas labor policies including expanding anrtime pay during appearance at the National Press club on wednesday. The secretary is the son of immigrants from the Dominican Republic and has been named as a withtial running candidate Hillary Clinton. This is about one hour. Under perez, the Labor Department issued a rule that requires Financial Advisors to put customers first. Adding in all of, the three years that he has been in the Labor Department have been nothing if not attention grabbing. They seem to have grabbed the attention of Hillary Clinton. The wall street journal reported that perez is one of nine names on the short list as running mate for the presidency. Democratic immigrants, he chose a career in Publ
Largest cash bid on record. We have both ceos joining us live in just a few moments. Our road map, return of volatility. What investors like carl icahn said how to navigate this market at yesterdays delivering alpha. Wells fargos ceo telling jim cramer he will not resign over abuse of account activations. Apples new operating system out and update getting mixed reviews. Also, tim cook out defending the new iphone 7. The stock saw a nice boost yesterday despite some big losses in most of the market. What will today bring . But first up, futures moving higher after three straight sessions of triple digit swings amid some falling oil prices, concerns about a potential fed rate hike despite tuesdays selloff apple was in fact the bright spot up 2. 4 for the best day since july. But then late yesterday at delivering alpha carl icahn offered that blunt assessment of this market environment. I think there are tremendous risks. But i think anyone thats going to tell you its going to go down tom
Newsroom. Abigail it is great to be here on this selloff day. We have the three major averages sharply lower. That dow and s p 500 near special lows, the third day of declines. On pace for weekly declines, breaking the complacency for the u. S. Equity averages. Over the last few months, the s p was on day 43 of not making a 1 move. That has been broken. There are technical reasons the downside could continue. , thisk in the bloomberg is a twoyear chart of the s p 500. It is traded in a range. The orange oval is the range of complacency. That thisreasons could break toward the downside or to the bottom of the range. There could be more to come where todays risk off. One reason for the risk off oil confirming the risk off tone with oil down 2 on the session, paring gains. Investors seem to be reconsidering the plunge in stockpiles reported earlier, saying it is a oneoff due to a storm. The majors down, including chevron and show. The s p 500 energy index on pace for the worst decline sin