one of the world s biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. and welcome to power lunch. i m melissa lee. we are around session highs now. the dow, nasdaq, s&p 500, across the board, green, nasdaq seeing the biggest gain up 0.7 of 1%. transportens hitting new record highs. and hitting $70 first time in three years. crude just under $65 a barrel. movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. software provider bought by a technologies company for about $5.5 billion and xerox up by 4.5% on reports it s in talks to strike a major deal with japan s fujifilm melissa, thank you. what else is happening at the house. epa says fuel economy in new cars in the u.s. expected to hit 25.2 mimes per gallon in 2017 vehicles the senate banking committee votes next week, second time on the nomination of jerome powell. to be your next federal reserve chairman. more
look it up i know there are people out there that remember that one i think it s kind of hilarious that you and i haven t heard this song at all it s billions and billions of it zblifl better that you don t know this song either. okay. well, there may be see what i m going to do here. there may be a slow seduction brewing in the media space, discovery, and scripps reportedly are in merger talks again. could this ignite a wave of deals in that sector meanwhile, in the competition between morken, stanley, and goldman sachs. gets a point today, strong revenue numbers out this morning. something he struggled with yesterday. we ll have the details bill akman using twitter for the first time, giving a vote of confidence for chipotle. plus what he ordered and what he was listening to. and what he was listening to. you ll see stick around for that at least let s start with breaking news for this hour as president trump is about to host a made in america round table
hasn t been as strong as we had thought. getting obviously a little bit of relief after the announcements of all the buy backs and dividend increases. it doesn t seem as though anybody changed his or her opinion about the businesses themselves, whether they can earn a proper return in this environment. it seems still kind of a call on fed policy, but at least you re going to get paid a little bit along the way if you re a bank shareholder. we re seeing, this is the last day of the first half, last day of the second quarter. coming off some pretty strong gains. i believe the best two day gain of the year on monday and tuesday but we are getting some of those headlines from the bank of england. wets get out to wilbur frost outside of the boe in london with those headlines. reporter: thanks very much. mike carney speaking right now. he s due to say that there is need for summer stimulus after the brexit shock. this next line is a direct quote. he said in my view and i m no
in the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but that s about it. after again a nice two-day rally there, although that ftse, a lot of people saying that s not the one to look at. yeah, it s back to where it was before brexit but that s because most of it is international exposure, not necessarily exposure to domestic uk. let s get to our road map this morning. it does start with a big day on wall street. it s the end of the first half of the year. we ve got a look at the winners and losers and who s poised for perhaps a pop in the second half of the year. lions gate buys starz, $4.4 billion in cash and stock. i will give you the detailtss on how the deal came down and what it means for the companies and industry overall. the results are in, we will have a look at the bank stress tests and what it tells us about the strength of the sector. we are heading into the final trading day of the second quar
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