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Transcripts For CNBC Power Lunch 20160830

thanks for joining us. power lunch starts right now. welcome to power lunch. i m melissa lee. three hours to go in the trading stegs and stocks headed lower right now. s&p 500 stuck in a fractional range. in fact, this could be the 37th straight session where the s&p is scaled to move 1% or more in either direction. take a look across the board just down about a quarter of a percent with the russell the only one moving to the upside right now. few standouts to tell you about, lkq, omnicom, stanley black & decker, what s continued to move financials up 3% in the past month, michelle. something we ll definitely be watching. i m michelle caruso-cabrera. here s what else is happening at this hour. fertilizer giant is in discussions with potash, no agreements have been reached. french economy minister has resigned from the government. and a tropical depression is gaining strength in the gulf of mexico. forecasters say the storm could be upgraded to a tropical storm by late

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