cimarusti later on, chef and owner of providence l.a. first, let s take a look at markets. we are down but all of our lows. the s&p 500 off by half a percent. the nasdaq is actually up by half a percent. airlines are the movers as warren buffett says he has sold out of all of the four airlines that he has stakese. let s get a deeper dive into the market with taylor riggs. track for itsp on third straight day of losses. at bank ofrates team america said typically you would not advise investors to follow that seasonality, but it fundamentals match, it could fade that risk rally. big tech is that they got performer today, led in part by the three trillion dollar companies, microsoft, amazon, apple. airline serving after warren buffett sold his stakes. on a forward pe basis, multiples look higher again. as the denominator of that ratio collapses, investors are rushing into bonds. you can see that inverted yield. you get a sense money is being put back to work in the equity and bo
blip midday. ibm led the way with a nearly 9% gain following its solid quarter we told you about last night. the focus on america s bottom line is a reminder that earnings still matter, a lot. even as concerns overba a g economic slowdown mount. and with the partial government shutdown liming the release of some economic reports, there s even more scrutiny being place on what corporate america says about the economic environment. and with that, the dow jones industrial average rose 171 po ts to24,575. the nasdaq and the s&p 500 both added 5. and soe start tonight with results from procter & gamble.on themer products company reported habetter-tn-expected earnings and sales and raised its outlook for the whole year. that sent the stock higher by more than 4.5%. seema modyas more on what s going right for the world s largest consumer goods maker. procter & gamble s strong earnings report defied wall re st s expectations and trumped concerns of the consumer pulling back on sp
welcome, everybody, to power lunch. i m tyler mathisen in a great mood after washington won a big football game yesterday. another volatile day on wall street the dow moving between triple-digit gains and triple-digit losses. down more than 200 points at its low. the s&p 500 and nasdaq still have not been able to post back-to-back games this month. and the russell 2000, small caps and dow transports, they are mired in correction territory. commodities under pressure today. natural gas prices, lowest level since mid october. we really kind of still are in mid october, aren t we check out three stock movers intel higher on an upgrade fiat chrysler rallying the aw automaker selling it auto parts unit for just under $7 billion. and polaris on track for its best day since early march the ceo saying he is pressing suppliers to absorb increased costs because of steel and aluminum tariffs melissa? as you had mentioned, stocks are lower today but we re not seeing a massive sell-of
we begin this hour with candidates sending in the hawkeye state of iowa is to begin to heat up in the 2024 presidential race with the former president donald trump sharing the stage with opponent the first time this cycle hunge correspondent ashley strohmeyer is now with the latest. hey, ash hunger. the first time the republica primary nearly all the candidates were in the same roo in the early caucus state of iowa. hawkeye state voters got to hea from the team republican potential candidates tonight at the iowa gop annual lincoln day dinner his with the leading candidates had to say. if i were not running, i d have nobody coming after me. or if i was losing by a lot i would have nobody coming after me. in my white house there will be no cooking allowed in the white house. and, look, my son is only five years old, so he s not going to be learning his pockets with money from foreign governments. joe biden and the radical left, he is attacking the value that made as pos
private equity on track for a record year fund-raising, we got the woman in charge of goldman sachs clients, alison mass, her first tv interview ever. very much looking forward to that. let s begin with the top market story with the equities pulling back on new details about congress tax reform plan. ylan mui has the latest on what could be a delay in its implementation ylan kelly, republic b cans considering phasing in the reduction of the corporate rate according to bloomberg news. under this plan the rate couldn t get to 20% until 2022 one word of caution here, the tax bill is still final yet. 20% corporate rate is one of president trump s red lines in this debate. white house press secretary sarah huckabee sanders appeared to throw cold water on the phase-in idea this afternoon the president laid out his principles and doesn t include the phasing in we re sit committed tothat moving forward, but, and i don t have any reasonable the reason this is even comi