cases and new york has opened its first drive-through testing facility the doctor behind that program is going to join us in just a few minutes here kelly. all right bill, thanks our team of reporters is covering this story for us bob pisani is watching this rally fade and then try to come back today rick santelli is tracking the bond market where yields are moving up. eamon javers is at the white house awaiting a press conference from speaker nancy pelosi any moment now and from president trump at 3:00 p.m. eamon, what can you tell us? we got new information from the white house. the president was scheduled to hold a meeting with ceos and got as list of the ceos here and this gives you a sense of what the president is working on right now. they re saying that it included in this meeting are richard from walgreens, brian cornell of target, doug mcmillon of walmart, steven rokowski of quest, matt from roche and a number of other ceos i apologize for butchering some of the
ahead. tech getting wrecked one of the pillars of the record-breaking rally. are the high growth names still a good bet with rising rates plus, mortgage rates at seven year highs, material costs soaring. what do the head winds mean for housing? power lunch starts right now welcome to power lunch. stocks lower again, but well off their worst levels of the day. the dow down more than 37 poin s 370 points earlier. the nasdaq on pace for its largest weekly declines since late march and on track for its biggest monthly losses november of 2008. small caps also under pressure the russell 2000 moving in and out of correction territory. crude oil hitting its lowest level in two weeks energy, the worst performing sector today, the etf that tracks that group, the spider xle energy etf on pace for its fifth negative day out of the past six now for more action on that trading day that is playing out here, let s head to bob pisani on the floor of the new york stock exchange down t
this wednesday, september 26th as worldwide exchange begins right now. good morning welcome from wherever in the world you may be watching. i m brian sullivan oil prices are up again. let s see if the markets and your money can let it be, so to speak. first to stocks, we are seeing that right now it looks like everybody is coming together in some form. dow futures up 49. s&p and nasdaq futures up as well but oil continues its march higher crude here and overseas up again. wti turned down here, still at 72 bucks wti, brent crude trading at 81.88. up over 82 earlier today we ll keep an eye on the oil market also keeping a close eye on treasuries remember, we get the fed meeting and rate decision and press conference today the benchmark yielding 0 3.087% mike, what is the most important thing you can hear from our federal reserve today? i think it s pretty much expected that we ll get the rate rise coming through. the attention will be focused on shifts in terms of the f
this song cannot be played enough this time of year it s the best new original christmas song it is outstanding good morning a warm welcome to worldwide exchange on cnbc. it s december, happy christmas i can start saying that now. it is i m wilfred frost i m courtney reagan in for sara eisen i ve been celebrating for a couple weeks now you were celebrating thanksgiving initially it s a blend. courtney does do the best internal decorations her desk is epic it s pretty good. i may have to sit at it later and take a picture and say it s mine you can claim the credit and move on. let s check the markets we did mention at the top of the hour that futures are pointing to a lower open after another record day on wall street. you can see the dow jones is positioned to open lower by 19 points if it were to open now, we know we have 4 1/2 hours to go. s&p 500 and nasdaq pointing to a lower open we got this delay in the senate tax reform bill passing late yesterd
squawk alley is live. good thursday morning. welcome to squawk alley. i m carl quintanilla at post nine facebook is up 4% after reporting the earnings beat as revenue and price per ad increase mark zuckerberg says people are spending less time on facebook and that s not a bad thing take a listen. i want to be clear. the most important driver of our business is never been time spent by itself. it s the quality of the conversations and connections. and that s why i believe this focus on meaningful social interaction is the right one joining us this morning, henry blodgett and mark may, an analyst at citi. good to see you both good to be here mark, it s looking past these quarter on quarter declines. and assuming ad buyers will say this is better for the product it should be. i anecdotally, i don t like to invest in anecdotes, but i m seeing a better news feed myself in recent weeks. more friends and family content, more content that s less controversial. you