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were closed for holidays. in the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. ftse is also down. crude oil yesterday down, and down once again as pumping in libya and the united states more than made up some of the cutbacks. we closed below $48 yesterday. right now 48.04. on today s agenda the fed concluding its two-day meeting with a statement at 2:00 p.m. eastern time. the central bank expected to hold rates steady. investors looking for hints that the economy is on track for a rate increase in june. another big earnings day ahead. we will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. adp private payrolls at 8:15 this morning. later services pmi and ism non-manufacturing. we are just four days away from the final round of the french election. candidates emanuel macron an ....
windy pattern. some locations will stay in the upper 50s on the coast. it will be a cool process for the next two days. maybe a little warmer on sunday as the system dives toward southern california. 50s, 60s and low 70s. we are hoping for a friday night. i like the forecast. a mix of sun and clouds and the traffic should be good. let s take a look at the commute. you can see traffic is going to be slow on 580. there is a little bit of construction work let me get rid of that, i meant to use this. construction work on 580 right here and it s down to a narrowing of the freeway. you will see slow traffic. slow traffic on 205 approaching mountain house parkway. once you get into livermore, if you re just getting on the road, you not see a lot of slow traffic heading to dublin. i want to go to the south bay. there s a crash on southbound 101 at brokaw road. a car was stalled and then someone came by and hit that. southbound 101, chp is there and northbound 101 traffic ....
he ll tell you why, he debates whether he s rights. heb it was amazon, it might have been apple too, netflix, apple is hitting an all-time high. $156 a share. we ll have those details coming up. and then a rare interview, she was the first woman to head a hollywood studio back in the day, not too long ago. sherry lansing will join us. there is a new buy biography about her i can t wait to talk with her on what she d do today. we have mothers day this weekend, may be a well-timed placism of the book, maybe a good gift. i see you re selling the book now okay. i just realized that would make sense. yeah. we ll ask her about that. we do start with retail which is struggling so much. it s jp penny getting hit hard after reporting disappointing numbers this morning. we also have the retail report from the government this week. courtney reagan joins us with more. it s very hard in terms of the department stores. the numbers are down 20% this week. the numbers ....
lunch starts right now welcome to power lunch. stocks are lower at this hour. the dow getting another record intro day before the pull back health care attacked the best performing sectors s&p health care 40% almost flat. consumer staples off more than 1% good year tire, starbucks and mattel, the biggest drags on the s and a. exxon, ge and dupont buying on the dow at this hour michelle, thank you very much welcome everybody. tyler mathisen here. the fda announcing a plan to cut nicotine levels in cigarettes. commissioner talking about this new proposal at a news conference a short time ago. the nicotine in cigarettes is not directly responsible for the cancer, the lung disease, the heart disease that kill hundreds of thousands of americans every year yes, it got them all dignitied and it kept them addicted for the long term. it got most of them addicted as teenagers. but the other chemical compounds in tobacco and smoke setting tobacco on fire that cause the il ....
the media giant also announced it is removing it s movies or will be from netflix and it ll launch it s own streaming service. we have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5% today. north korea, we ll get to that in just a moment. mylan warning today it s delaying product launches because of regulatory uncertainty. the latest data shows the drug approvals are on pace to set a record this year what kind of uncertainty are they talking about shares trying to stay positive we ll have the details coming up and blue apron is rallying ahead of it s first earnings report as a publicly traded company, that ll be tomorrow the stock is well below it s $10 ipo price. as you know, we have a debate on whether there is a buying opportunity ahead of tomorrow s news look at that, it s up 5% today well, it s at $6.11 right now. that would be a 30 cent raise. let s start though with t ....