Our billion dollar buyer, tillman furtita, notching his first win as the owner of the rockets on Opening Night for the nba. He did it in thrilling style the former commissioner, david stern, will join us. The anthem protest Team Valuations and much more this slamdunk addition of power lunch begins right now there is nothing wrong with the slamdunk addition if i could do it, i would do it all the time i am brian sullivan. Nobody is feeling blue about these markets. Your money is now just 3. 5 away from dows 24,000. You can thank ibm, big blue adding about 80 points to the dow on one of its best days in decades. We will dig into ibms big quarter. The ipo of the day is a chinabased micro lending company. Nothing micro about its gains. It is soaring in its debut allergan all on the move anthem rallied to help ensure creating a new pharmacy benefits unit michelle im michelle carusocabrera. Here is what else is happening rising sea levels are threatening nearly 1 trill worth of u. S. Homes,
Flyer will join us power lunch starts right now welcome to power lunch earnings feeling a big earning today. The dow up triple digits, fueling it caterpillar and 3m, adding 100 points to the dow just by themselves 3m higher by 8 . H r plunging 20 the office maker beat thing at earnings estimates its coming in well short of expectations whirlpool shares are tanking on news that sears will stop selling the brand. Stanley black decker rallying. The toolmaker also raising its full year outlook. Tyler . Thank you President Trump meeting with republican senators right now pushing his tax reform money, which he says will generate 12 trillion in economic activity. This after getting into another war of words with bob corker the president has already arrives at the capital for the Senate Republican lunch hes attending, take a look at the video of the arrival of the president. He walks inside alongside Mitch Mcconnell. Thats called the ohio clock position, just off the senate floor, a normal wal
With dom chu and the steel horse he rides. Dom . Good, bad and the ugly. I feel like watching fistful of dollars and hang them high and also looking at dog in the photo as well but lets talk about the good, the bad and the ugly right now because in todays trade weve seen a little bit of all of that stuff playing out. On the good side of things, weve got transportation stocks. Havent been doing great as of late, but they are moving higher and as of just a few minutes ago 19 out of 20 members of the dow transport index all in the green, perhaps a good sign for those of you looking for positive signs and on the bad side of things, Consumer Staples, bad on a relative basis because they are still positive on the year, they have been and some. Stocks have been making record highs, some of the Consumer Product names so Consumer Staples, bad in todays trade. The worst performing sector so far in the s p 500 and on the ugly side of things weve been talking about it for quite some time, about th
You were out yesterday whether it was sorros, icahn, these german 10year threatening the zero bound. Yeah, i did a piece on mad money when the rich people who are big Money Managers have this kind of natural disposition to being negative, we cant necessarily take cue from them. I take my cue from oil. There is no doubt about it oils under pressure today. I dont take my cue from europe anymore because i believe that if the dollar is weak, right now you cant have a weak dollar because theyre buying so many of our bonds. But i keep waiting, thats the only thing thats popping up, the dollar. I do believe the yields are a little insane in europe. This is draghi doing it and hes having some success, and that is weakening the euro. Thats his plan. But i am again not i am more constructive than most because i just think when you look at the overall profile of the earnings weve been getting of late, and there havent been that many, theyre pretty good. But i recognize weve been up a lot. And its
Newer compact version go on sale and our man josh is live in palo alto. Josh in. Reporter tyler, im here at the apple store in downtown palo alto, you can see the store just opening now. Not the usual massive crowds for this new iphone se but the line about 20 strong and see them filing in here. The new phone, tyler, its smaller. Its cheaper. Had many of the same components as the 6s and same processor, same 4k video, support of apple pay. Incremental changes and important ones. You know, team at Morgan Stanley does think the se could help apple sell more phones in the emerging markets given 399 price point. In addition, you have that new smaller version of the ipad pro. That goes on sale today, too. Starting at 599. Apple keeps continuing to try to position that ipad pro as pc replacement. When management replaced it in cupertino earlier this month, they noted the store sold 600 million pcs out there. As for apple stock, a 10 jump in past month. On track to break the losing streak. Wh