Snatches a child instead. Thats quite a tease. Look who is joining us. Power lunch starts right now. Welcome, im becky quick. All three indices up for the Third Straight session. Take a look at this now. The s p up over ten points. The defense is in focus after billions of dollars in deals announced in saudi arabia. Lockheed martin one of the big beneficiaries of the deals it announced. Lockheed hit a new high, some of the other defense stocks also hitting lifetime highs. Oil is on the move crossing 51 and hitting the highest level in more than a month. Right now sitting back below that at 50. 65. Amazon hitting another alltime high. Up more than 120 . This comes ahead of tomorrows shareholder meeting. Becky, its a privilege to have you on the program. Ill keep the coffee brewing. We begin with the president who in just moments will be speaking from israel. All of this taking place before a dinner with Prime Minister Benjamin Netanyahu. Were also waiting on the president to make a join
Thats the strongest of the expansion. Well get to all the numbers of the premarket relatively steady. Europe is mixed. Yields actually if you just heard ticked up on that wage data. Factory orders, rig count and fed speak today still on the way. Roadmap begins with 156,000 jobs added in december, below what the street was expecting. The last jobs number under president obama. First it was ford then it was gm. This time the president elect goes after toyota sending alarm bells across the nation of japan. One retailer reversing the trend, gap shares are surging after a better than expected december helped by old navy. Well get into that. Aside from the december payroll figures, the Unemployment Rate coming in at 4. 7, as expected. And we mentioned earlier average Hourly Earnings up 2. 9 from a year ago, thats the biggest increase since 2009. Participation relatively flat, jim, i know you looked at with the revisions over the past two months people are calling it a bit of a push. I think
President trump staying on his manufacturing message, hosting Auto Industry leaders for a breakfast at the white house this hour. Well take you there live. Plus, an eye on earnings. Five dow components reporting results this morning, including verizon, j j and dupont. And alibaba reporting Quarterly Earnings and raising its guidance. How investments, cloud and Digital Media are paying off for the chinese giant. Yesterday at this time, Industry Leaders were meeting with the president. Nowceos of auto makers. The president tweeted, will be meeting at 9 00 with automobile executives concerning jobs in america. I want plants to be built here for cars sold here. Big piece on the cover of the journal this morning. Auto makers in the cross hairs. Mark fields of ford saying hes reread part of the deal to better understand the president. Theyve assembled task forces to monitor the president s twitter account. They should monitor phil lebeaus twitter. His note today is the one that has a lot of
Earnings for apple and amazon. Snapchat filing as early as this week. The ball rolling for one of the most anticipated ipos of the year. But first up, the president defending his executive order restricting travel to the u. S. From those seven muslim majority nations. Despite protests from around the globe, just moments ago the president tweeted, if the ban were announced with a oneweek notice, the bad would rush into our country during that week. A lot of bad dudes out there. Apples ceo tim cook among the Major Business leaders who oppose the executive order. In a letter to employees he wrote, ive heard from many of you who are deeply concerned about the executive order. I share your concerns. It is not a policy we support. Goldman Sachs Blankfein echoing that almost word for word today. Reactions to, jim, from google, nike, Reed Hastings of netflix calling it unamerican. Yeah, i mean, look, i think most executives were surprised. You look at who works for these Great American compani
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Happy friday. Good morning to you from me as well. Im wilfred frost. Its new music friday. Were kicking off with some brandnew katy perry. Would you guess thats katie merry . Katy perry. Got to see her once. You did . Dow is up almost 50 points this morning. S p up 3. Nasdaq up 11 after a solid rally on wall street yesterday. As for the tenyear treasury note yield back to selling off with higher yields. Weve seen that over the past session. Springing back from what was a multi week low we saw earlier in the week. Back above 2. 41 on the tenyear. The catalyst was President Trump telling the Airline Executives that the phenomenal tax plan is coming within the next couple of weeks. Thats all the bulls needed to hear. Trump with that tax announcement added fuel to the fire. We had seen yield change direction in yesterday mornings trade and with it equities rebounded. It refueled the trump trade. Yields had already started to move that d