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And later, exclusive access inside the 50 million mansion that tequila built. Break out your saltshakers and your lime wedges because power lunch starts right now. And welcome to power lunch. Im melissa lee. The record rally rolling on. The dow, s p and nasdaq, transports all hitting record highs in todays session although were take a bit of a pause right now. Sps and nasdaq just off the highs. If the dow holds at this level it would be posting its first threeday winning streak of the year. Im Brian Sullivan along with michelle carusocabrera. Know whats not hitting records . The mexico etf. The eww. That is falling hard on the news out in the past hour or so the mexican president will cancel his planned working Group Meeting with President Trump that eww down 2. 3 . That meeting was supposed to happen on tuesday. We are ....
Later, the most hated man on twitter just got banned but that may not be good for twitters business model. Well explain. First well explain with old tech taking the markets to new highs. Kiss ki cisco breaking out, microsoft. Intel hitting a new high. Old tech has been on fire. Is it still the best place to be despite intels slight miss tonight . Tim, lets start with you. I think its stock by stock. In intels case actually i think youve got a company on evaluation metric, first of all, coming into these numbers was trading at the highend historical range. Very important business. The pc business has come back. The Margin Expansion is very interesting. But i go back to microsoft which blew out their numbers today, or did they . Against all relative to what you were expecting, year over year growth of 2 on revenues is not that amazing. Even though you can point to substantial growth in every segment of their business, the movement ....
Playboy and what happens when brands walk away from their history . Now its really nothing but the articles. Okay. China fears adding to todays weakness. But earnings as tiyler mentione, front and center. You can see the shares are a little changed right now. Intel flat. Jp morgan chase slightly lower. Intel is down 10 this year. It rallied big over the past one month. J. P. Morgan is down more than 1 . Josh lipton covering intel. Take it away. Mandy, heres what to watch when intel reports. So, one, what is the state for pc demand . And here investors not expecting much. After all, idc reports that pc shipments dropped 11 in q3. Alex gowna says the chipmaker cant post a number thats a lot worse than the industry. He thinks sales in intels Client Computing Group which includes chips for pcs fell 12 in the quarter to 8. 1 billion. But investors dont expect much for the pc business, they do want to see strength in the company ....
Points. Oil is about the only asset thats not participating today. In our road map this morning tech trifecta, amazon, microsoft beating expectations. And jack dorsey taking onethird of twitter shares and dishing them out to employees. Futures up sharply as Chinas Central Bank cut Interest Rates. Lowered by 25 basis points. Reserve requirement reduced by 50 basis points and comes a day after a rally which included a jump in the dow hints of further easing by the ebc. Look the communist mean business they wont let this economy slow that much more. They are trying to change thing. Were getting hints consumer is spending more in china. Chinese stock market, we used to talk about it every singling day, had a nice rally. Europe, draghidraghi. He manages to get the dollar to soar on just talk. Hes the pied piper of higher stock prices. Last night some quarters that are thinnin ....