And also a cnbc contributor. And a writer for your favorite newspaper, the new york times. There are some things from the federal reseventh. Reserve a lot of openings i l a lot of openings. And in three weeks, the president will make a decision on whether janet yellen stays or thats right. Usually the new president gives the old fed chief a a carry over. Hes a real estate guy. She has done well on starting the exit and she has done well in terms of her relationship with the president other people are eager, theyre being promoted from different circles, including up here in new york you look like the head of the he looks like he could be a ceo. Yeah. Thank mean, if thats all it took, you would be shoein same color hair as janet yellen 2529 on the s p did you see that yeah. Equity futures indicated higher this morning. Take a quick look at that. Overnight in asia, we did see positive news. There is this country up 2 on the s p. Dow jones indicated 4. Big gain yesterday for the dow jones.
Good day, everybody. Welcome to power lunch. Im tyler mathisen. Glad you could join us another daily and more records for the equity markets. The dow, s p, russell, nasdaq, you name it theyre reaching historic highs. The emerging markets rallying two, the etf that tracks them, on pace for its best day since september 11th. The airline pushing the dow transports to new highs as well jet blew, delta, united leading the way there. Lennar up about 3 . The home builder beating earn ares estimates. Now making a bit of a come back as you see theyre up 1. 2 . The electric car maker missing those model three goals more on this ahead. Im melissa lee. The National Retail federation expecting holiday sales to increase between 3. 5 and 4 this year. The u. S. Ordering 15 Cuban Embassy officials to leave. This comes after sonic attacks against american diplomats in cuba. Three nobel prices for scientists after breaking gravitational waves. We begin this hour in puerto rico. The president touching dow
New York Stock Exchange to get the official dow numbers has the. I thought they would say rally or we should have those daily. I remember the dow 20k hats. You did have one in your desk. I did remember it took a long time to get there . You have that and your cincinnati has the there both red red hats. Welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost i will get you an arsenal has the. That will be red, too. Is it yeah. Im such an arsenal fan we should move on i have blue hats at hem for chelsea. You dont really care about chelsea. No, happy to support arsenal. There we go after another record rally on wall street, rally cap or not, we saw record closes for the s p, the dow, the nasdaq, the russell 2000, the dow transports all hitting fresh records. Dow futures are higher, 24 points s p futures flat nasdaq futures down two. Tenyear treasury note yield, we will get a bunch of Economic Data starting with adp today then durable goods later, jobs on friday. The question
Both engines of the u. S. Economy running at full steam. As for the stock market, were seeing a mixed picture. Ny gain would be a record the s p and nasdaq are seeing some weakness here, individual stocks seeing weakness, having to do with earnings. 3 . Ave pepsi, sales down the shares are pairing their decline. Earnings beat estimates. Sales are weaker. Digging more into that and our stock of the hour segment. One of the worst performers in the s p 500 has paired some of its decline. That company posting sales that missed estimates as well. The ceo is making more optimistic comments. And office depot fell 78 . This is a preliminary view as the Company Looks to make an acquisition. It is going to buy congee column compucom. We are also watching the situation in puerto rico, in the wake that puerto ricos debt would be wiped out even as his budget chief says those, should not be taken literally. Here in the bond insurers seen in steep decline. Cells themselves self plunged. Record low he
Independence and we are live for the tory party conference. We also have an allstar guest lined up, john fraher. Ellon we speak to jim mal on his new book. We are live in moscow, where john fraher will leave a Panel Discussion with Vladimir Putin. In the meantime, we have a packed data check. The dollar is slipping. Global stocks seem to be a little bit mixed. What all to do with investors are trying to figure out, who the next fed chair will be. We understand the president has a shortlist of candidates, but they all have very different policy agendas. You have some hawks, you have some doves and they are trying to figure out the most likely will get it. I am also looking at spain. Stocks are resuming their decline after the king criticized the catalonian separatists for unaccountable disloyalty. And if you look at spain, the nations bond yields are rising. In the meantime, we are getting breaking news out of the eurozone. Pmi is rising a touch more than expected. Predicted a rise were