the games today are phenomenal. over the past month you ve had a de-september come back for their of these retail stocks. about six to eight weeks ago we were talking about macy s. for a trade fantastic. it s up to 39. it does so on the back of better than feared comps and better than fear gross margining. the real story i m suspicious of because we don t know clear details of whether these are wholly owned stores or leased stores but when you think about macy s the impact going forward is do they retain the customer base and do other stores benefit from the closing. this does not take me away from my retail ownership names i want and that is tjx and burlington. i wonder, the narrative it had been we re spending but we re spending on our houses and cars and the car numbers have been great, but amazon is eating everybody s lunch and you don t want anything to do with a big box retailer or anything selling apparel. now i wonder if the narrative is changing finally. no,
i sent some over. it s very good. power lunch starts right now. and welcome to power lunch. three hours left in the trading session. and stocks are at near record highs. the dow currently up 130 points. the s&p up 11. the nasdaq up 26 points. the nasdaq is very close to notching seven straight weeks of gains. we have a bunch of names that are hitting new 52-week highs. amazon, yahoo, ibm, and ross stores. susan, over to you. here s what else we re watching this hour. we re seeing a huge rally in the energy markets with brent and wti both up more than 4% right now. mortgage rates edging higher for a fourth straight week. freddie mac says the average rate on a 30-year fixed mortgage now standing at 3.45%, and team usa continuing to lead the medal count at the rio games with a 32 total so far. 11 of those are gold. and the dual in the pool tonight. lochte and phelps will swim it off one last time. let s take a look now at warren, michigan. a live look in there. any mom
with katie and commute with meisha. it is gateway to the weekend, yeah but first we will talk about the roads. we have an accident out there in newtown square, we will talk about that coming up in a lot of closures out there at the vine in particular. yes. but at least that is opening up. yes, it will. within the half an hour. we have the heat. that will be a problem if you are not a fan of the heat and humidity it will be a issue the next couple days. real quickly, we will check on storm scan three with a few blips on the radar, nothing major quick hitting shower. we may need to flick your windshield wiper once and twice but overall we are off to an okay start. thing is, it is really steamy outside, and looking at excessive heat warning scheduled to take effect at high noon we will be on the the eras it takes effect on eyewitness news at noon. up and down i-95 and those counties, urban corridor that gets hit the hardest with the worst we have to offer with when i
anybody working outdoors indeed. and what they have to wear. with heavy work clothes. thank goodness there is things such as wicking material. it is needed. you want to wear your wicking material to the bus stop because your suit will get soak through if you do not do that you will to have change clothes here to daze. it that is steamy. do expect it is going to be uncomfortable. even though we have seen a couple little blips on the radar last couple of hours overall it is a quiet a start to the day. excessive heat warning we have been discuss ago this goes into effect at high noon, for counties shaded in the hot pink. we call it hot pink for a reason, right. we will be experiencing feels like values that easily top off in the triple digits with no problem later on today. here s where we are standing 77 is current temperature for one example outside cape may courthouse here at middletown ship high school in the city of philadelphia, we are already in the 80 s we will hav
the lady maintains a blog with all the castle for the juicier stories, she writes books. her latest about an american socialite who married her husband s grandfather. the title, lady kathryn the earl and the real downton abbey. it s the story of the the 20s when it was such a glamorous place. still seems pretty glamorous to us. well, that s it for extra s mansions and millionaires: world s best destinations. i m michael corbett. and i guess it s time for us to say good-byebut i want to thank the san francisco travel association and the fairmont san francisco for this amazing view. we ll see you back in l.a. thanks, michael. great ideas for my next vacation up there. up next the bigt stars battling in extra s pop culture quiz. who s the new host of and the question cam refused to answer. plus don t know as superman. and his first interview getting star struck in hollywood. i feel like a little kid ats. plus date night in hollywood with the tatums and c