Technology that could be causing concern. We got the details. This is the sixth most expensive piece of artwork sold at auction. The amount of money is called, quote, mind blowing, 110 million and change. Well tell you all right, i just told you how much it cost. Well, well tell you the exact number of, but it will also tell you about the guy who shelled out the money. What a character. Thats coming pup. Sure is. Hordesing nation. Americans have nearly 2 trillion in checking accounts. The highest in the u. S. History. Is this a warning sign for the consumer, perhaps . I dont think people realize its you know, retiring everybodys saving, and its the accum anyway, well get into it. The market rally today. Stocks now seeing the biggest gains of the month, and just really picked up steam throughout the session. Closing bell exchange, finding out more about it. Gran it investment advisers, and kevin and next to him is john, and our own rick santelli. John, what gives . I mean, this morning,
Fueled a huge rally in financials much earlier, but sectors been underperforming since being in office. Do you doubt the banks Going Forward . Its been a rough week for oil prices, and goldman cults the outlook for crude. Where do go from here and which names you buy and sell in the energy space. Closing Bell Exchange on a tuesday, shall we . Joining us here to kick it off, greg from hightower, managing director there, keith from post nine, and Rick Santelli at the cme for us as well. I want to start with choppy action in the markets today after significant close to the s p 500. Is it are we just digesting that move . Well, we are digesting that move, and, frankly, i dont see anything thats a real catalyst to break the market out to the upside or really bring it down in any kind of correction mode at this point in time where what weve been seeing the last several sessions is the market flat lined, moved sideways, and the russell has been between 137080 since february, since the middle
Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Welcome to power lunch. The dow took a triple drop when donald trump junior released an email of his plans to meet with a russian attorney that apparently had information about Hillary Clinton. The major averages have mostly recovered. The nasdaq back in positive territory. Higher by 3 points tyler . I thank you very much im Tyler Mathisen we begin with the latest developments on that email drama involving donald trump junior, russian interests, et cetera, et cetera. Kayla tausche live at the white house. Reporter the existence of these emails first reported by the New York Times and later tweeted the enfire chatire chaid appear to show the motivation for the meeting that the president s son took in june of 2016 with a russian attorney said to be connected to the kremlin. It would seem to support that the purpose of which was to obtain incriminating information about Hillary Clinton, then the president s opposition in the president ial election. According to these emails, a publicist w
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo