Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
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 also awaiting President Trump. Hes about to speak in philadelphia. The big republican retreat. We will bring it to you when he begins. Its going to be the first we hear
Bad. Say again . Theres reversal in some of them. Yeah, little change lets call it. Volumes still up, 80 above the threemonth average by the way. Global fixed income had a bit of a rally also. Speaking of fixed income, lets look at the 10year. There you see it, 2. 246. Crude is up. Yesterday too, wasnt it . Yeah, i mean, again people hope that the end of november theyll be some sort of cutbacks. It all just seems very chimerical, but it will say this. Traders get short and get between 42 and 43 and get crushed over and over again by the opening. Right. Lets get to the road map this morning. Of course it starts with janet yellen on the hill testifying on the health of the u. S. Economy and the timing for a rate hike. Plus donald trump taking some interesting meetings in new york today. Shinzo abe going to find his way to trump tower, we believe. A handful of ceos as well. And well have an update on the transition effort. Walmart out with results, sales were not quite where the company h
The bombaydo down as well. Also look at crude. Wti falling to 49. 77. And the battle for the white house is front and center this morning. President obama officially endorsing, surprise, surprise, Hillary Clinton for president as did Vice President joe biden. Senator Elizabeth Warren doing the same and didnt take long for gop candidate donald trump to respond. Trump tweeting obama just endorsed crooked hillary. He wants four more years of obama but nobody else does. Clinton fired back with a tweet of her own saying delete your account. And that tweet let to another tweet. Reince priebus, if anyone knows how to use a delete key, it is you. This is all happening in the backdrop of the article in the wall street that emails are now in the center of classified information on drone strikes in pakistan. And were going to talk all about this where the state of the email investigation is with john harwood in a few minutes. I just five hard long hot months three hours at time. Which is what we
Several days after donald trump did the same thing, were going to take you live to louisiana and hear from the people themselves about how they are accepting his appearance, his visit. Are they appreciative . We will check it out. 400 price hike on the epipen, shares of a virtual lock on the life saving product. Were looking at that not to mention other stories were focusing on right now. Stocks are pushing higher. How high in the nasdaq its got close at 5262 to get into the books. The s p 500 is trading near record highs. The level to watch there, 2190 for the win. We have breaking news right now. We are minutes away, in fact, we already should have seen it to another tesla reveal. Elon musk cryptically tweeting that a tesla Product Announcement would come at 3 00 p. M. Eastern time. Well, its 3 01 p. M. Eastern time. Were watching and waiting. You know they are slow to start in california, watching and waiting and looking at elons twitter feed. Well get you the news the second its ou