and welcome to power lunch. i m contessa brewer. stocks down across the board, sitting near session lows. the dow posting its biggest drop since early august the s&p 500 and the nasdaq both lower for a second straight day. oil rallying brent breaking above 80 bucks. hitting its highest level since 2014 news on an $18 billion merger. shares down 30% since last wednesday. but check out amarin, reducing heart attacks and strokes. the ceo joins us later in the show, tyler. thank you very much, contessa i m tyler mathisen welcome. we begin this hour with breaking news apparently deputy attorney general rod rosenstein will meet with president trump on thursday, apparently forestalling a resignation or a firing for now this is a perfect day to have eamon javers in the news room, and here he is eamon, what is the latest? tyler, we don t flow what the latest is in terms of rod rosenstein s future, but we did get a new statement from sarah sanders, explaining the logistics going o
u.s. equity futures this hour, let s show you what s going on, suggesting a flat open s&p opening lower 1 1/2 points, the dow slightly lower and the nasdaq lower by four overnight in asia, quiet session around the world, generally. hang seng higher over 1.5%, but t shanghai was lower european equities. the dax is higher by 0.25% france and the ftse slightly lower. italy s higher by a third and spain is lower by 0.25%. their yields are backing up over there once again that has resumed take a look at crude wti s lower by 20 cents, a decline of 0.5%, $44.15. if you d like crude delivered in august pepsico just out with quarterly results. sara eisen has the numbers 10 cents above on earnings, i see, sara. sure looks like a big beat. eps 1.50, versus the $1.40 expected it includes a 6-cent gain from a sale, but it s an estimate, so it s unclear whether that factored into the analyst forecast, but either way, a beat on the profit line, a beat on revenues as well for pepsico, $1
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