Bazos versus trump power lunch starts right now heres what else is happening. Southwest airlines pulling back on its service to cuba because the routes were not sustainable. Southwest will continue the service from ft. Lauderdale and tampa to havana. Phil jackson out as New York Knicks president they were 80166 in his full three seasons. And for the first time ever, samsung will build appliances right here in america. It will open a factory in South Carolina creating more than 950 jobs by 2020. Im Tyler Mathisen a rally today. Financials, industrials are leading the way at this hour one stock were watching is fedex. The stock is higher after it said there was no data breach to the tnt express unit but there could be a possible Financial Impact from a disruption in operations lets get the latest on this rock them, sock them rally in this edition of power lunch. Bob pisani is on the floor of the nyse hi, bob. Reporter there doesnt seem to be anything in the way of the market ramp. Lets l
Golf. Karen already has evacuations underway. We have it all covered on markets now. Dagen look alive. Connell we have it all covered this hour. I said that. Dagen youve changed. Connell why do you have to give away my secrets . Dagen it is friday. Roll with it. It is the top of the hour. We have games. Nicole you could pretend you work for barclays. A more casual friday now. We are up about 34 points. Still down for the week, though. Last friday, we slowed at 15,258. Dupont and visa and disney are leading the way. Others are under pressure. What is interesting is yesterday we saw the vix flying high. Today, it has pulled back. It looks like everyone has given up hope. Back to you. Connell thank you. She is right on top of this thing. The world is skipping ahead to the next looming crisis. President obama sending jack lew to hit all the sunday morning shows this weekend. He first, though, sat down yesterday with our own lives claimant and told her what needs to be done. Watch this. We
mcdonald s, taco bell, walgreens, walmart and the big banks support it, but it may be costing those who can least afford it far too much in fees. we start as always with sue at the nyse. hey, sue. hey, ty, good to see you. stocks are off of their highs but we are in the green. here s a look at where we stand right now. the dow jones industrial average up 43 points. the s&p 500 up just about six. the nasdaq up almost 10 and the russell 2000 is up 1.66. start this hour with the great american auto industry. auto sales numbers are coming in today, and so far so good. here s a look at how the stocks are performing. gm is down a quarter of a percent but ford, nissan, toyota and honda all solidly in the green with good percentage moves. phil lebeau is live in chicago with the big numbers for us. hi, phil. very big numbers. in fact, we could see a june sales pace that hit 16 million vehicles, that would be the pace and not the actual sales, first that we see that since december
revised up 0.10 to 12.2%. a road map. auto sales optimisticed by a weak employment chatter. and pimco posting the weakest month since 2008. and the xbox s gaming ceo jumps ship for zynga to play retooling with friends. and the proposed too big to fail banking regulations are to release headlines in a moment. and dunkin brands are initiated with a buy over at lizzard. a kickoff with the markets as the futures are pointing to a slower open as the futures running down, and pimco, the world s largest bond fun falling in june and logging the weakest monthly performance since 2008. and the new york fed president bill dudley is to speak today at 12:30, and we are waiting for reports from ford and gm and chrysler is out. but broadly, jim, people are saying until we get over to the 50-day trading average, it could be a trader s summer. yes, that could be a case, carl, but i m not expecting big things from the earnings, because we have a disputed global picture, and we is wh