Course. Power lunch begins now. In a week well know. Did the brits vote to stay or leave europe . This is power lunch with tyler and melissa. Im michelle carusocabrera. Brian is out today. This was the big trade yesterday. Right now the pound versus the dollar at this hour, 1. 43 is what its going to cost you. Pound is stronger again. That little yellow arrow indicates the strength of the dollar. European markets jumping sticks days before the vote. The footstse finished up 1 . A statement being made following the Fatal Shooting of jo cox yesterday. Brexit Campaign Officially suspended only for today. Lets bring in cnbcs wilfred frost who is on his way to london tonight. Tonight but not quite yet. The latest in terms of polls, the Financial Times poll of polls says 48 say theyll vote leave. 43 say theyll vote to stay. Im delighted to say that were joined now by kate, British Labor politician, a member of Parliament Since 1989. She is in the leave camp, one of the few labor members that
Lackluster august drops report, summer jobs of june and jobs in july fading last month. We explain the surprise slowdown that we saw. Plus Tropical Storm hermine tearing her way through the gulf coast. Storm warnings up the eastern seaboard. Where the deadly storm is heading next . And College Football starts with overtime victory by number 9 tennessee. Former dolphins and pitt head coach and College Football analyst Dave Wannstedt gets us ready for the fall. Liz . Cheryl a fed rate hike is in question in the economys tugofwar. We are less than an hour to the closing bell. Im Cheryl Casone in for liz claman today. Lets start the countdown . Well, the markets are looking to close out the week on a high note following the august jobs report which came in lower than expected. The three major averages all on track to close higher for the week. Take a look at s p, the dow and the nasdaq, green numbers there. The move to the chip isnt working out for verifone. Reporting lower than expected T
Smell the fire from here. We are about 15 miles south of Fort Mcmurray. The winds have changed making these masks necessary. We also have developments from the oilsands just north of Fort Mcmurray, rear learning that reuters that Conoco Phillips is the latest company to shut some of its operations in the region and learning from Canadian Press that oilsands executives are worried that the wildfire could create gaps in the northern alberta power grid. That would lead to more closures of operations in the region. This is a developing story. Officials say that the situation and conditions remain extreme and winds are helping to spread the blaze. Still we are about 15 miles south of fort muck murray where the fire began. Well continue to monitor. Woo currently on highway 63 i think were having trouble with her mike. Thank you. That sparking a big reaction in the oil markets. We are actually off the lows of the session. What needs to be ton to contain that massive blaze . Joining us on the
Remember, we actually hit the debt ceiling back in may, treasurys been using extraordinary measures to extend it to this point. The bill would also require a bipartisan budget negotiation, and House Speaker john boehner says hes ready to start negotiating. Its time for leadership. Its time for these negotiations and this conversation to begin, and i would hope that the president would look at this as an opportunity. Reporter as for whether the white house will accept the republican plan, White House Press secretary jay carney indicated the president would. Sort of. If they continue to talk about ifs and butst as the speaker said doesnt get us anywhere. We havent seen anything from the House Republicans yet. Reporter so on budget talks, weve been there before. Democrats want tax increases, republicans want entitlement cuts. Neither has shown a willingness to compromise all that much. Cheryl . Cheryl all right, rich. Well, the white house is going to see their plan later on this afternoo
Last two years. There you go. And speaking of a historic first, will the newlyapproved volcker rule hurt the large banks, or will it propel them forward . Lets go to Nicole Petallides on the floor of the New York Stock Exchange to see how financials are reacting. We knew that the rule was coming. Banks expecting it, but still, the question now is now what for these big names. Reporter now what. Thats absolutely right. And were seeing dow component today Goldman Sachs, for example, hitting a new 52week high. We watched jpmorgan at one point today, also a leader on the Dow Jones Industrials, you can see goldman and jpmorgan continue to hold on to the gains, up to 170 and change. Citigroup,back of america pull bank of america pulling back, but bank of america, for example, said they prepared for the volcker rule, and thats exactly what this is about on wall street. Wall street doesnt like surprises. Wall street wants to know what to expect much like when you get the fed calls, when the fe