Decline but negotiations continue between two Food Industry giants. Unilever rebuffing merger proposal from kraft heinz in what would be one of the biggest deals ever. Plus stocks pull back. Was the record run for the dow and u. S. Markets overly bullish . And four weeks since taking the oath of office, President Trump tries to focus on jobs and manufacturing. Hell visit a boeing plant in South Carolina later this morning. First up though, kraft heinz looking to create a consumer powerhouse confirming it has made a takeover proposal to unilever. The initial proposals been rejected unilever saying it undervalues the company. But kraft says it looks forward to reaching an agreement with unilever, adds of course theres no guarantee one will be reached. We finally have some numbers to work with, david, and im sure you got so color behind that. Yeah, luckily able to speak to some people who, you know, at least are familiar with whats going on here. Why are we learning about this . Well, sto
Financials hitting its high of nine years, bank of mek, citi, goldman, morgan stanley. Up a full percentage point qqq. And this rally is reaching all corners of the market with more than a fifth of the entire s p 500 hitting new 52week highs. Brian . Melissa, thank you very much. Im Brian Sullivan down in washington, d. C. What a day to be here. The good feeling after the speech certainly has investors feeling good. But speech aside, is the gop more likely to really get what they want . What are the democrats likely to give up to help the gop get to their goals . All that stuff from here. Great guests lined up from the Russell Senate building rotunda here in washington, d. C. Ill send it back to michelle. Actually, ill pick it up from there. Tyler. Welcome, everybody, im tyler mathisen. What a day we are witnessing. Record move for stocks, president s comments before a joint session of congress, kicking the trump rally into high gear. And i thought it was just because im back after two
Good day, everybody. Welcome to power lunch. Im Tyler Mathisen. Stocks are mixed right now. Very slight gain for the s p 500. A little more for the nasdaq. The dow is off, ever so slightly, by about 6 points. Lets check out oil, getting hit hard with wti trading at its lowest level in a month, off nearly 2 at 51. 15. Melissa . Hi, everybody. Im melissa lee. Adp blowing job expectations out of the water. Announcing 290,000 jobs were added last month, far exceeding the 190,000 expected. Pimco announcing a new Management Structure for its total return etf. Current management remains in place for Pimcos Total Return Fund and President Trump is talking infrastructure at the white house. Later in the day, the president will meet with conservative leaders to Talk Health Care as well. A very busy two hours coming your way. Brian sullivan is with us from houston. Whats on tap . Tyler opened the door and im going to walk right through. He talked about oils decline. Were back in the low 50s, well
Imagine this may impact the trade volumes we will see on the new york stock exchange. First, lets get to the bloomberg first word news. Heres emma chandra. U. S. Senate republicans think the party should we plan its plan to replace obamacare after the Congressional Budget Office says more than 40 million americans could lose health care. By 2026, the number of Americans Losing Health Coverage would rise to 24 million. Prime minister theresa may is about to start the formal process of leaving the european union. Parliament signed off on a bill to trigger article 50. Chinas economy held its momentum the first two months of the year. Industrial production was up 6. 3 from a year ago. That was slightly less than expected. Part of the eastern u. S. Is prepared to be buried in snow. Half ofe foot and a snow is inspected in new york, and it is already falling. Schools have been closed. More than 5000 flights were canceled. And german chancellor Angela Merkel delayed her trip to washington. Gl
York, boston and philadelphia. Were here at the nasdaq. Things are moving just as expected. The New York Stock Exchange is expected to operate normally. Take a look at the u. S. Equity futures. They are indicated slightly lower after a mixed day yesterday for the markets. The dow futures are down by 13 points. S p futures down by less than a point. The nasdaq down by 1. 7. Overnight, in asia, there were some red arrows when it came to the nikkei, which was down by 0. 10 . The hang seng was flat, the shanghai was too. In some early trading in europe, youll see that tlinhings are relatively flat there as well. German chancellor Angela Merkel meeting with President Trump, its been postponed. I said we would give you headlines nothing to do with the snow, but this is because of the snowstorm. Merkel was on the way to the airport when she received a call from President Trump to delay the visit. She continued on to the airport and told reporters on the plane the trip was canceled. That is no