Brian, thank you and welcome to power lunch im Tyler Mathisen big rally. The dow soaring triple digits. It would help the nasdaq avoid the first four day losing streak since november of 2016 now brian talked about the treasuries yields pulling back just a little bit. Lets see where they are right now. The 10 year note at 2. 91 thats down just a bit results of a 29 billion dollar auction just moments away. Could be a market mover. Sometimes they are sometimes not so much. Most stocks are up but these three are down seriously roku plunging, missing profit. 17 , man you dont like any part of that. You dont want any part of that. Missed estimates, guidance wayfair. It says tanning. Wayfairs not tanning, that would be tanking down 20 the company reporting a wider than expected loss and pandora taking a hit Music Streaming Service also posting a wider than expected loss despite the fact that i was listening to it this morning. Thanks. Lets get more on the trading action this hour bob has the
Also good news on the cholesterolfighting front. And has the perct car been finally created . All of those things and lots, lots more today. Tyler is out today once again but Kayla Tausche joins me live at the nyse with bob pisani. Hi there, kayla. Hey, mandy, great to be here. We are watching the markets in rally mode. Mandy ran through just how historic the gains were seeing are. Put this in perspective. Just the fact that the dow has risen, what, 1,000 points in two days . 1,000 points in a day and a half. The s p is 100 points. Youre seeing some numbers youre not going to likely see very, very often. I havent seen them. Ive been here a long time. Look at the s p 500 melting up here chasing stocks here. Weve got to get them because theyre running away from us. Thats what it looks like. Its been a long week. But let me show you the markets today. Were getting strange numbers again. Heavy volume but not as heavy as the last few days. The volatilitys been dropping. Look at this breadth
Stocks falling right along with the price of crude. Dow is down 160 points. We begin with new questions about the strength of the banks and how much exposure they really have to the continued commodities crush but its one firm in particular today, jp morgan that has investors growing more nervous. Its stock is sliding as jamie dimon holds court with wall street analysts in new york city. Kayla joins us now with more. Oil is hurting jp morgan and other banks faster than we thought. Yeah. They are taking up their estimates for exactly how much it will hurt them. Its worth saying they did sound token optimism on the us. Economy. Ultimately the noise in manufacturing and corporate end earnings will get sorted out. Jp morgans Energy Exposure they layed it out pretty specifically. 25 billion for investment grade. Only about a fifth of that has been drawn down. High yield 19 billion. Its the high yield portion that is what investors have been worried about. Those are the lower quality borrowe
For the force awakens was released last night, there a is a look we will talk to a top analyst about the impact the new movie could have on this stock. We may or may not play the entire trailer. You are going to have to stay tuned. Several times. Also yahoo is about to report its earnings after the bell tonight, the stock down more than 30 this year. We will tell you the key numbers to watch for when that report hits the wires coming up next hour. And man who plays former apple ceo john scully in the latest steve jobs movie, jeff daniels will join us live at the New York Stock Exchange to talk about that role and whether will mcilroy was loosely based on bill griffeth. So many similarities. Will ferrells role was more like me. Im ron burgundy. We digress. We if i know with the news on yum brands spinning off its china business. Jane wells has details on that. Investors not quite as happy about it now as they were earlier today but still happy. Boy, that was fast. One week after adding
The debt ceiling and budget, can their winning streak continue . And the real read on the American Housing market. One area that is on fire now and fueling growth for Home Builders. The Third Quarter reporting season is just getting under way. There are already fears about earnings in the current or fourth quarter. Bob pisani on the floor, what is fueling the concerns, bob . Revenues. And youre right. Were in the middle of q3 earnings season. The professional community is already concentrating on q4 and the guidance. And the guidance is a little bit troubling. Its two of the banks were okay. Ge was okay. Let me put up companies that indicated. The guidance is going to be tough or conservative guidance for the fourth quarter. Its not just one sector. We see mively cron talking abou issues. In the agriculture business, monsanto a week and a half ago talked about issues. The china consumer has been clearly impacting earning thats we heard a week and a half ago from young and wing ka seen