Auction the gun that killed trades on martin. Instead grab designing a logo and fans are not too happy. The element controversy ahead. And out you have Something Else to get upset about . Nothing to be upset about in these markets. Brother though with the kb and exception up half of 1 . Stocks coming off early losses now covering the flat times. The dax is up 1 on most. Looking to rebound after the sharps allowed to 200point drop on the dow. And now we have 86 point gain in the dow futures. Here at me all morning long, republican pollster lee carter. Im sure she has something to say about this meeting. Focus group here also at risk of capital who can talk about just about everything. Childrearing, you name it. We have a cap lineup this morning. Allen west is here. Trent campaign cochairman sam clover is even making wall street journal today. Comments made about reform in entitlement. We will dig into that. Tina friedman did not start president , former george w. Bush political direct.
Futures coming back slightly, but now goldmans out with a new very pessimistic note on the market. Hp is buying samsungs printer business for 1 billion. Were going to talk to hp inc. s ceo about that deal in a cnbc exclusive squawk box, donald trump saying were in a false market. And janet yellen is keeping rates low because president obama wants her to. Well have much more from that interview coming up as well. First up though, futures are recovering a bit after this mornings losses following the friday selloff sparked by those rate hike fears. This morning atlanta fed president Dennis Lockhard saying theres been enough economic improvement, he says, for a, quote, serious discussion about a hike at next weeks fed meeting. Nearterm theres enough economic momentum to basically say the fed has met its goals, in the medium term, mike. Yeah, seemed pretty noncommittal. Obviously they were going to be having serious discussions at the meeting in september anyway. I think the market, the bon
The stock. Hell be here to explain. And the sooner state oil boom. Brian sullivan drills down in americas hottest new energy hub, oklahoma. And he will join us live. Power lunch starts right now. Welcome to power lunch. Im melissa lee. Stocks are down big as fears of a coming rate hike rattled the markets. Take a look at where we stand in the markets right now. Dow, s p, nasdaq all near session lows, for dow 230 point loss, nasdaq being hit hard as people are taking profits in technology down by 1. 6 now. Big moves also in rate sensitive sectors, utilities and reits solidly in the red right now, michelle. Yeah, they sure are. Im michelle carusocabrera. Heres what else is happening at this hour. General motors recalling 4 million vehicles worldwide for software defect that has been linked to at least one death. The white house vowing to hit north korea with new sanctions following a nuclear test. And the house unanimously passing a bill allowing families of 9 11 victims to sue saudi ara
Englishman in the house to discuss it. Google unveiling a new smartphone called the pixel. A number of other hardware products. We got someone who says todays announcement shows google is finally ready to take on apple. Hell explain why. Who comes up with those names . Pixel. Reminds me of the movie. Pictures from facebook, guns, sex, drugs, and facebook. Is that what you do at night we told you yesterday about facebook is this what its going to be like for two hours. Facebooks new marketplace was launched yesterday to take on the likes of ebay and craigslist. People are already selling some illicit items on the facebook site. Well tell you how the social network is responding today as we show you more and more of these photos here. And for the first time medical device maker is warning consumers about a cyber bug in one of its products. Johnson johnson said one of its insulin pumps is vulnerable to hacking. We got details. And the guy able to hack the device. This is no longer just an
Pairing of the losses which, not that long ago, were lower than 1 . We did get the weekly crude inventories report. Distillate, hope that there will be a future drawdown in crude as well. We saw Oil Prices Move lower after that. Ago and ahile little while ago, moving to unchanged. The other Market Movement of the day has to do with the British Ground british pound. It is moving lower compared to the u. S. Dollar. Volatility surrounding a possible u. K. Exit from the euro. If you take a look at the history and look at the range of the pound in previous times of 2008,ng crisis, 1982 and that is what some traders are looking at as guidance for what could potentially happen this time. Alix lets check in on the bloomberg first word news. Mark Chris Collins of new york and Duncan Hunter of california are now on board. Hunter says we dont need a policy hawk as president. We need a leader. Democratic frontrunner Hillary Clinton hopes to advance or leave on senator Bernie Sanders end. Mrs. On s