Welcome in, everybody, to power lunch. Im tyler mathisen. Glad you could join us. Three hours left in the trading session and stocks showing animal spirits. They are in the green. As you see, the dow industrials up about a third of a percent or 65 points. Ditto the s p 500, a third of a percent of 2148, thats a sevenpoint gain and the nasdaq leading the way up. 75 . Big winners, boeing, 3m and microsoft, microsoft trading at an all time nominal high. Im michelle carusocabrera. Here is what else is happening at this hour. Consumer reports naming lexus its most reliable automotive brand. More on that coming up in the next hour. Nike topping forbes list of most valuable sports brands. Oil cracking below 50 a barrel, right around 49, 50. Right now crude down 1. 9 . Back to you, tyler. Thank you very much. We got a big two hours ahead. But lets kick it all off with the deal of the year. At t, there you are, announcing plans to buy time warner for 85 billion. The ceos of both companies weigh
Outweigh the negatives but still there is no data out there. Headss top messaging app toward the biggest tech ipo of the year. A possible value of 6 million. Up 56 now from the lows we saw in september. The Glass Ceiling has been shattered. Hillary clinton has enough delegates to be the democratic nominee for president. The 2016 election is now officially underway. Do follow me on twitter. Out of thews coming philippines. The latest inflation readings. Unders putting inflation the centralbank target of two and 4 . This is the 13th consecutive month it is coming below that level. We look at what was going on here and then predicted a rise of 1. 3 . China hong kong markets getting underway in 30 minutes. Singapore taiwan malaysia. Juliet, a third day of rising equities as part of the world. A fiveweek high for asian markets. Its all about the janet yellen effect. More about what she didnt say that what she said. Market was looking for specific timing for when the fed would take action. I
Jonathan no time to enjoy that in the markets this morning because it is deep red across equity markets. Equity markets down in europe. 1. 36 on the ftse 100 with a miners leading losses. S p 500 futures negative. Switch of the board to japan. Dollaryen, down by. 9 . Three years and a day since the kuroda experiment began. Yields in germany. You have to go to two decimal places just to get one. To thesis points days where yields were around five basis points. Wti down to 35. 64. What is happening in the markets. Stephanie i want to give you a quick headline crossing twitter. Really getting big and the content game, far fiat beyond 140 characters. They will be streaming thursday night games. Is this the kind of business that yahoo wanted to be in . David facebook was in discussions with this and they decided not to do it. Stephanie yahoo wanted to be in this and but for is a meyer is using a different strategy, needs to up their game, and they are trying to do it on the field thursday n
Mohamed elerian. The drama at United Continental airlines continues, activists looking for Board Changes as the ceo is set to return. David faber and phil lebeau will join us. I think we got him even to come down to the stock exchange. Just flew in. You can see on screen, just breaking in the last hour, Whitney Tillson is back shorting lumber liquid ators, hell explain why the shares are down another 9 . It was about a year ago that that first 60 minutes report about the harm potentially done to folks about this flooring came out. Its been quite a saga. Then covered that short position of his in december but put it back on again. Well explain why coming up in a little bit. Lets start with the todays move in energy and materials, the stocks. Bob pisani joining us. Thank you, Goldman Sachs, we had material stocks going and this morning they put out a note pouring cold water on the idea of further rallies. Heres what they had to say, oil supply and demand is not in balance and dont preten
6 oclock that morning my brain gets shadow but neighborhoods within San Francisco maybe many body should send a memo to the board of supervisors for review on the on that notice issue bus given the 50 percent of at least by ascertaining maybe not having the english only the board of supervisors should review that issue hell let someone else put forth the motion. For consistency we that this permit was issued in error the same motion unless someone else want to make that guess not. Commissioner honda your motion to grant the appeal and deny it on the base it was defective commissioner fung commissioner president lazarus no commissioner wilson commissioner swig that motion carries and commissioner president lazarus that concludes our business this evening were adjournedembers of the audience that the commission does not tolerate disruptions of any kind. Please turn off all Electronic Devices and when speaking before the commission, if you care to, do state your name for the record. Id li