Percentage point dax is slightly weaker, relatively flat as is the cac. Crude oil prices, crude Oil Yesterday was flat ended up by two cents this morning another 44 cents 55. 35 so wti above 50 a barrel. Back to the markets in a moment first the latest developments on Hurricane Maria. The hurricane making landfall on the island of dominica as a category 5 storm it is now weakened slightly within the past few hours to a category 4 thats the good news forecasters warn that maria could reach strength as it nears the Virgin Islands, puerto rico also in marias cross hairs. You know, when these hurricanes come, they come. This come in waves we are also following developing stories out of Southern California overnight a magnitude 3. 6 earthquake shook parts of los angeles it happened at 11 20 p. M. Local time dren residents as far away as costa mesa felt the rumble joseph, why never heard of costa mesa i called it so ed ied it cos, im mesa. Im a messa in the morning. Look at my script its thi
Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
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