One of the worlds biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. And welcome to power lunch. Im melissa lee. We are around session highs now. The dow, nasdaq, s p 500, across the board, green, nasdaq seeing the biggest gain up 0. 7 of 1 . Transportens hitting new record highs. And hitting 70 first time in three years. Crude just under 65 a barrel. Movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. Software provider bought by a Technologies Company for about 5. 5 billion and xerox up by 4. 5 on reports its in talks to strike a major deal with japans fujifilm melissa, thank you. What else is happening at the house. Epa says fuel economy in new cars in the u. S. Expected to hit 25. 2 mimes per gallon in 2017 vehicles the Senate Banking Committee Votes next week, second time on the nomination of jerome powell. To be your next Federal Reserve chairman. More on the deadly mudslides
Look it up i know there are people out there that remember that one i think its kind of hilarious that you and i havent heard this song at all its billions and billions of it zblifl better that you dont know this song either. Okay. Well, there may be see what im going to do here. There may be a slow seduction brewing in the media space, discovery, and scripps reportedly are in merger talks again. Could this ignite a wave of deals in that sector meanwhile, in the competition between morken, stanley, and Goldman Sachs. Gets a point today, Strong Revenue numbers out this morning. Something he struggled with yesterday. Well have the details bill akman using twitter for the first time, giving a vote of confidence for chipotle. Plus what he ordered and what he was listening to. And what he was listening to. Youll see stick around for that at least lets start with breaking news for this hour as President Trump is about to host a made in america round table at the white house after hes had lun
In the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but thats about it. After again a nice twoday rally there, although that ftse, a lot of people saying thats not the one to look at. Yeah, its back to where it was before brexit but thats because most of it is international exposure, not necessarily exposure to domestic uk. Lets get to our road map this morning. It does start with a big day on wall street. Its the end of the first half of the year. Weve got a look at the winners and losers and whos poised for perhaps a pop in the second half of the year. Lions gate buys starz, 4. 4 billion in cash and stock. I will give you the detailtss on how the deal came down and what it means for the companies and industry overall. The results are in, we will have a look at the Bank Stress Tests and what it tells us about the strength of the sector. We are heading into the final trading day of the Second Quarter and the first hal
Hasnt been as strong as we had thought. Getting obviously a little bit of relief after the announcements of all the buy backs and dividend increases. It doesnt seem as though anybody changed his or her opinion about the businesses themselves, whether they can earn a proper return in this environment. It seems still kind of a call on fed policy, but at least youre going to get paid a little bit along the way if youre a bank shareholder. Were seeing, this is the last day of the first half, last day of the Second Quarter. Coming off some pretty strong gains. I believe the best two day gain of the year on monday and tuesday but we are getting some of those headlines from the bank of england. Wets get out to wilbur frost outside of the boe in london with those headlines. Reporter thanks very much. Mike carney speaking right now. Hes due to say that there is need for summer stimulus after the brexit shock. This next line is a direct quote. He said in my view and im not prejudging the views o
Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in and retirementds plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is targeted by an activist investor in the midst of ceo jeff immelts major