The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three
Higher and how many, a lot, are lower now. At least theres some green there you take a look across the dow, pretty much everything in the red. A look across all the indexes, with that russell 2,000 thrown in as well, having another day, off more than 1 . The nasdaq, the underperformer, apple today could be playing into that, down 3 1 2 as some concerns about the new phones, the new operating system continue to swirl. Lets figure out why its all happening. By the way, the 10year note, there it is down to 251. Yes. Key levels here, got levels on the equities, also got levels on the ten year to watch carefully. You see there, Closing Bell Exchange under way, peter anderson, doug kote, heather hughes, peter costa and rick santelli. Peter costa whats the bounz the florida . Why the selloff, whats going on . Theres a list or a plethora of bad news. This is more like a bowl ya base of bad news. This is a possibility of having the Interest Rates go up earlier than expected. Up . Yeah i have be
Years data breach. Lowes and staples out. Tesla shares off in the premarket. A cautious note for Morgan Stanley. As we said, faber live at liberty investor day. An exclusive with john malone. First up, targets Third Quarter operating profit of 54 cents did beat forecasts. Comps up. Courtney reagan will have an exclusive interview with target Ceo Brian Cornell. Ive gotten to know the company pretty well since the change. I can tell you that brian is definitely an underpromiser and over deliverer. This is much faster a turn than i expected. The glaring issue here is that canada had been a disaster. Now its on the mend. They opened 125 stores in a year and it was a disaster. That looks like its behind them. The fact is that the merchandise has been reinvigorated. The online presentation, which was a disaster, obviously jump started by some Free Shipping. I dont want to say target is back because hell not like it if i say that. Hes a conservative man who comes from sams club and pepsi co.
But, kelly, you do have a very special lineup of guests coming up from vegas there, dont you . Oh, yes, we do. We are live here at the home depot Managers Meeting in the mandalay bay, where, yes, there is some betting on march madness also going on. But in the next hour here home depots new ceo will be with me exclusively for his first interview since taking the top job. Plus, a whole lot more. In fact, we have several ceo interviews. Well talk about the strong dollar. Were going to talk about Different Things in the consumer and in the gambling space right now. And we might find out what the value of my college ring is with Rick Harrison. I know you were wondering what to take. Youve got your college ring. Youre going to find out what Rick Harrison of pawn stars thinks of that. Wayne newton is also on todays program. Youre going with the full star board here. Ill just say Rick Harrison broke my heart and leave it at that, until we find out what happened this morning. By the way, we sh
The dow down 12, now 6 points. Were finishing near final figures down to 13,241. Nasdaq down 8 points and the s p hanging in there, at least for the moment, still settling out but at 1428 and change. Indeed. With the marks losing steam during the fed chairmans press conference. Why dont we take a closer look at todays moves as weve got lots of people lined up here and a couple on the set as well . Randy bateman from huntington funds is over there. Stephanie link, cnbc contributor and bruce mccain with Key Private Bank in cleveland and Michael Pento of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. What did you make, stephanie, of todays Market Action . Youre the trader and follow the shortterm swings. What was the message of the market do you think today . The message is the market is nothing is really going to change. Interest rates will be low for an extended period of time. The fact that they tied the rates to unemployment, a lit