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
Amazon prime day a look at the Ripple Effect amazon is having on consumer goods companies. By the way, the shares of the company slightly lower in the session, and battle of the home echo wars. Goggle and amazon are slashing prices on their devices. 50 or more in some cases. And its its the final countdown. Were gearing up for big reveal of americas top state for business we are anxiously awaiting the result, and we will bring it to you later on closing bell. You probably saw scott cohn reveal that georgia was number two a little while ago reporter but we knew he wasnt in georgia. We knew he wasnt in georgia. We just dont know where he is right now, but well find out here on closing bell today lets begin on capitol hill where our ylan mui has the hills reaction to the emails released by donald jr. In relation to a meeting with a russian lawyer who claimed to have damaging evidence against democratic president ial candidate Hillary Clinton. Reporter Senate Majority leader Mitch Mcconnel
Concerns about potential Government Shutdown. Europe is green. Got a spike in shortterm rate which is were watching as well. The road map begins with president and the administration generating some more uncertainty. Well take a look at tim pact on the market ahead of major global bankers. Big game retailers on the move after earnings well look at whats hot today and amazon clearing two major hurdles. What it means for the industry in the past hour the president tweeted i requested that mitch m. And paul r. Tie the debt ceiling legislation into the va bill that just passed for easy approval they didnt do it so now we have dems holding them up as usual. Could have been so easy. Now a mess speaker ryan will be on cnbc this afternoon at 1 00 eastern the point there was to be on the air at boeing its not going to happen today. No, this is going to be to me a celebration of capitalism and boeing is our greatest fact r to and instead of celebrating business and therefore talking about tax re
Inauguration late last week. Im very proud of that. Very proud of that. The Business Community and the labor community, you saw that with the labor leaders that came out. One said it was the single greatest meeting i ever had with anybody. Its the highlight of my life. The dow on top of it just hit 20, first time in history. Im very proud of that. Now we have to go up, up, up. We dont want it to stay there. Vice president mike pence tweeting the dow closes above 20,000 for the first time in history. U. S. Economy is being unleashed under President Trump. Lets get you caught up on whats going on. We have a 30 billion pharma deal. Johnson johnson buying actelion for 280 per share in cash after weeks of exclusive talks. We talked about this transaction before. A 23 premium to its Closing Price yesterday. Both companys boards have aprefapref approved that deal. Today is the busiest day of earnings season, 38 companies in the s p 500 reporting results along with three dow components. Before
Territory closing up 11 points. Thats an 11day streak of record highs. Most of my staff hadnt been born since we saw a streak that long. It nasdaq closed 0. 17 up. Nevertheless, i think top calling is going to be a constant refrain from here on in after the remarkable run weve had since the election. Some of the get out and out calls will be id logically driven. Some will be valuation driven. Some of them will be plain old, i cant take it anymore driven. I come with this top stuff in a totally different way. Almost an antediluvian way frankly. I think about stocks as individual companies and the market a conglomeration of those compa companies. I do a game plan about individual stocks on every friday. Otherwise, it might as well be all about roulette where we bet on black to go up and red to go down and double zero for a crash. If that were the case, id simply come out here on friday evenings and read from the gambler every night and then retire when we finish that fabulous novel. Alth