They say the situation in the Foreign Exchange market is still fragile. This is significant because it marks an end to the snb referring to the franc as significantlyovervalue. The august Consumer Price index comes at 8 30 a. M. Eastern time that hits with weekly jobless claims and the bank of england has a policy decision due around 7 00 a. M. Eastern time. Tesla announcing plans to unveil its highly anticipated truck. That will happen on october 26th the tesla semiis wh is what thee calling it that date a setback. Elon musk expressing his excitement saying the batterypowered beast is worth seeing in person shares of tesla, down marginally on that news a bit of deal news shares of Tenet Healthcare are jumping on reports that the company hired advisers to explore options including a possible sale. Last month they said they would replace the ceo and some Board Members after concerns from glenn view capital then net h that stock up 14 in the premarket. Equifax says a web server flaw in i
Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sitting at twoyear lows. Facebook is launching a new Crisis Response center to help users during disasters and attacks. And bitcoin is tanking 10 after a big Chinese Exchange said its
In San Francisco, steve vasella. Tech under fire from all sides, and it starts from facebook new report from propublica says the social Network Enabled ads to target people who expressed interest in topics like jew hater or history on why jews ruined the world socalled promoted posts and news feeds of about 2,300 people facebook has since removed that feature, pending review. Then theres google today, now the subject of the Class Action Lawsuit from former employees claiming the tech giant discriminated against women in pay and promotions this comes on the heels of a Labor Department investigation alleging the company systemically underpays its female employees and also new this morning, online lender announcing the ceo will step down and give up his board seat effective immediately. He immediately planned to oversee transition of power following reports of sexist behavior at the startup what do we make of all of that so far this has been a political story, maybe these tech firms have
Ten year steady, just south of 22, Industrial Production 15 minutes away we begin with wall streets record run stock futures mixed ahead of the open. Terror in london, 22 injured in an explosion on a london subway train during the rush hour commute and Facebook Advertising under scrutiny the social network revamping the selfservice ad byi inbuying pl. First up, the dow is aiming for another record high, a sixth straight positive session. The markets resiliency tested today. Retail sales fell unexpectedly in august by. 2, dragged down by autos. They couldnt isolate the effect of harvey on retailers then news of north korea firing that missile over japan for the second time into the ocean there will be Security Council meeting today. But on retail sales, interesting, nonstore, which is essentially amazon, down 11, the worst month since april of 14. Thats so out of whack with everything you hear. Lately the numbers i think have lost some degree of their validity i think by the way, i thin
That exclusive cnbc investigation coming up as power lunch starts right now welcome, everybody i am Brian Sullivan. It may not look like stocks are doing much the dow is up 43 points. Modest gains but dont let the numbers fool you. As michelle said, those are all new intraday highs for the major indexes and hopefully for your money as well. This despite the north korean threat oils recovery helping some of the battered energy stocks, which is helping the overall market some big individual stock stories that you should be following, equifax battered again following a downgrade. That stock now down 35 since the data breach was announced a week ago and oracle down 7 , thats on concerns about its current quarter. Ty brian, thank you very much. Welcome, everybody im tyler mathisen, and heres what else is happening at this hour macys ramping up for the holidays, hiring 80,000 seasonal workers. But that is down from last year. Google reportedly considering investing a billion dollars in lyft