President elect Donald Trumps cabinet picks general james mattis taking the stance on key issues, including russia and iran that is different from the president elect. What it could mean for National Security coming up, a Police Officer ambushed shot beaten a hero drive to his rescue details on this incredible story coming up, and a scare in the sky, two Alaska Airlines flight attendants getting sick from unknown powder onboard the latest on their condition coming up, takata to plead guilty over exploding air bags to pay broufl one billion dollars to federal Justice Department probe Bank Earnings season under way today, j. P. Morgan Wells Fargo Bank of america to report ahead of open the set the tone weve got numbers as soon as they hit the tape will drive Market Action futures indicating a higher opening this morning for broader averages see what bank numbers say how that changes Dow Jones Industrial average expected up 25 points, today, check out european markets gains have to mornin
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
And cool start but a warm finish with high vanessa, of 83. Thank you. It looks like our big edge concern right now is this crash along u. S. 41. And thats going to be as youre approaching the selman expressway. Northbound lanes are blocked. We still have pretty notable delays in area. Make sure youre continuing to use work around 78th which will be off to the east. Or, 22nd which will take you in closer to the downtown tampa ybor area. And let you know once this clears out. All right, vanessa, thank you. You dream of it. Retiring. And hopefully when youre young enough to enjoy it, right . Thats been changing over decades. Now more than ever, more and more people are saying that they will work until they are physically unable to. In an Associated Press poll they found a quarter of workers, 50 years old and older say they will work as long as they can. And that number jumps to 33 percent when talking with employees who make 50,000 a year or less. And the reason is obviously were always j
Without one. We had 30 alltime highs if memory serves last year. It was one after another. Right now were only about 20 points away with the 20point rally were seeing. Stocks are hitting these highs amid a week that continues to be driven by controversial charges that the market is rigged. Yesterday memorably the author of the book flash boys michael liewis was challenged on cnbc. Today we have the whistleblower highlighted in his book. We take a closer look at if any Retail Investors are impacted by what lewis is alleging and if so, by how much. Looking forward to that. Everybody is still talking about it on the floor here. Also with us today, that guy right there in a first on cnbc interview sirius xm boss mel karmazin. Its National Autism awareness day. He will be speaking on a personal level, his grantson has you autism. Hes working on his third retirement. He ran cbs for years and sirius and xm. If you have been wonder what these pins are four, itr, its f world autism day. 16,556