This is not a drill. Gwyneth paltrow will join us after announcing her new show with netflix power lunch starts right now and welcome to power lunch. Lets take a look at the markets now. The dow well off the lows of the day. Still just barely in negative territory but earlier, down more than 200 points. The s p and nasdaq have now turned positive and check out shares of alphabet up 2 jumping to a high after Pivotal Research calls the tech giant a buy. Lets get started with bob pisani at the New York Stock Exchange for more on whats moving those markets e today this is different than friday, contessa again supporting the idea of these kind of events while emotionally disruptive have limited economic impact. Thats what the market is saying so like friday, the low is at the open heres friday and heres today theres the lows friday though, we saw a move to the upside in the middle of the day now, we have been slipping already. We are not slipping. We are holding up here late in the afternoo
After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Make it in America Brian set to Showcase Companies that not only are making their products here in the usa but theyre also making money doing it power lunch starts right now thats right, melissa break out the National Anthem and send in the eagles because were going to america this week all right. Stop me if youve heard this one before the dow hitting an alltime high on this final day in july. It has been a red hot month for your money the dow, s p and nasdaq all on track for their biggest gains since february check this out the dow is now up nearly 11 this year. The ntds really banking some investor coin. Up nearly 18 just this year now, if you own these two stocks, you are probably both happy and sad today. Boeing soaring again hertz hitting the skids. They got a downgrade were also keeping an eye on oil atop 50 a barrel earlier in the session. But now it is moving lower tyler. Thank you very much, brian. Welcome, everybody im Tyler Mathisen we begin this day as we so often have in r
Speaking of d. C. , as President Trump closes in on 100 days, not getting a boost with this market rally. Thats nnenergy. Its the worst performing sector. Theres a debate on whether its time to buy the losers. Meantime, we got a whole in fact, this would be the busiest earnings week in a long time, but its kicking off tonight, we got alcoa, express scripts, and tmobile reporting. John legere is here as soon as results are out. Of course, john, a colorful interview. We look forward to the comments coming up. John legere, jim cramer together. Fire. Payperview if anything. Beginning with wall streets rally, driven in by the French Elections, results there, showing the leader now going into that final election coming up in two weeks, bob, and michelle is in. The market is holding up, all the european banks rallied. Deutsche bank up 11 p close 20 a 52 week high, its amazing. Come over here. We are having huge numbers of stocks with 52 week highs, close to 250 today. Industrial stocks like 3
Ahead without a vote from parliament. Watch bonds as odds on december approach 80 and oil is up for the first time in five. Road map begins with facebook, Company Reported beat but investors focusing on the cfo comments of slowing Revenue Growth. Fitbit shares getting clobbered this morning. Poised to open lower by 30 . Just as competition grows in the wearable sector. And the election days away, polls show trump and clinton neck and neck. Both candidates making the rounds in battleground states today. But facebooks our top story, down in the premarket. The social Networks Revenue outlook overshadowing those better than expected quarterly results. This is the cfo on last nights earnings call. Ad load has been one of the three primary factors fueling that growth, with a much smaller contribution from this important factor Going Forward, we expect to see ad Revenue Growth rates come down meaningfully. Secondly, on expenses. Though it is premature to provide specific expense guidance, as