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Inflation. And thats where a new government report comes in on the prices something near and dear to all of us, egg prices. The department of agriculture reports the prices are at an alltime high following the worst outbreak of bird flu in decades. Its basic classic supply and demand, fewer eggs, higher prices. And as we report, the shortage not just for eggs may be far from over. Reporter avian flu, officials now call it the worst animal Virus Outbreak in u. S. History. Its been more than two months since the last case was detected but the damage is done. 48 million chicken and turkeys had to be destroyed and they are finally lifting the quarantines and some farmers are starting to restock. The first had in iowa is brad me whose farm became infected in may. It was a huge relief no question about it. Reporter the turkeys will begin hitting the market later this fall. Farms in minnesota are beginning to repopulate as well and so fa ....
Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sittin ....
Lunch on a monday begins right now. Welcome, everybody im Tyler Mathisen stocks posting solid gains and sending the dow, the s p and the nasdaq to alltime new highs materials, financials, telecom leading the way higher meanwhile, yields on tenyear notes hitting highest levels in more than a month. There you see it 2. 23 check out some of the movers in the market shares of ubiquiti networks, thats spelled interestingly, dropping about 8 . Short Seller Citron Research calling the tech Company Total fraud. Nvidia trading at alltime highs. Paccar also hitting alltime highs. Im Michelle Carusocabrera while the east braces for hurricane jose this week, Hurricane Maria has now strengthened into a major ....
Percentage point dax is slightly weaker, relatively flat as is the cac. Crude oil prices, crude Oil Yesterday was flat ended up by two cents this morning another 44 cents 55. 35 so wti above 50 a barrel. Back to the markets in a moment first the latest developments on Hurricane Maria. The hurricane making landfall on the island of dominica as a category 5 storm it is now weakened slightly within the past few hours to a category 4 thats the good news forecasters warn that maria could reach strength as it nears the Virgin Islands, puerto rico also in marias cross hairs. You know, when these hurricanes come, they come. This come in waves we are also following developing stories out of Southern California overnight a magnitude 3. 6 earthquake shook parts of los ang ....
Just above estimates we begin with wall streets record run futures pointed to a muted open. The dow coming off a fivesession win streak. Plus broken Business Model . Elizabeth warren promising to follow the money when she questions former equifax ceo rick smith in a hearing this morn and pepsi shares are sinking. The beverage and snack giant beats earning but has a lower outlook. The dow, the s p and the russell coming off record highs. The Financial Sector posted its highest in ten years with watches on to see how resilient the market can be. I think what were seeing is a recognition that the economy is better so instead of paying low multiples for, what . Nothing, sorry, go ahead. My pepsi notes. Instead of paying low multiples for companies lets start with the banks. We are going to give the banks a multiple that looks like a stock. Do you know how long its been since i ....