After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Year im Brian Sullivan welcome. Power lunch begins right now she works hard for the money so hard for it, honey im Michelle Carusocabrera at the New York Stock Exchange back in rally mode, the markets, highest in three days been all three indices on track for a positive week. Dow jones industrial average higher by triple digits. These days only a gain of half percent. How much of a rally over the last year. Goldman sachs, two names leading the dow higher Goldman Sachs and chevron hitting a threeyear high, by the way. Energy, outperforming, etx, xle on pace for its best in the year and all big winners. Alltime highs, home depot, c t caterpill caterpillar, fedex, and big loser, pg e due to california wildfires. Beginning the hour with breaking news on the fed Steve Liesman joins us with more. Thanks. Cnbc learned from sources familiar with the situation that leary lindsey commit considered fed vice chair job, lindsey interested in exploring the job. We dont know what status the discussio
Is standing by at hq. That was the best setup that was the reversal, now down 70, to 350some up point reversal for intraday dow. The big reversal you talked about has been driven in large part by a handful of stocks. First of all, good news. Lets start with that. Take a look at intraday quotes for biggest point contributors to the dow if you take a look at some names, overall, United Health, merck and johnson johnson. These names still in the green United Health adding about maybe 25 points to the overall mix in terms of the in terms of the dows point. Merck and johnson johnson, 15 points, 10 points, thereabouts so, those guys still buoying things take a look at these stocks. We mentioned these as the biggest point contributors of the dow near term. Were talking about boeing, United Technologies and caterpillar. Those stocks about 25 points is being dragged off by boeing just in and of itself 15 points by United Technologies and caterpillar, as of a few moments ago. These three stocks
Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Time hour. Came out 20 minutes earlier than anticipated. It showed no clear sign of whether the fed would hike rates in september. We have Steve Liesman standing by to break down that data for us coming up. You know, i was going to say, these are two sides of the same coin in a way. Speaking of breaking down, take a look at oil, its down more than 4 today, its trading below 41 a barrel. Were watching to see if it punches through that 40 mark. Look how close it is right now. 40. 62. And the september wti contract, down almost 5 on the session. Again, were looking at lows since march of 2009. Weve got a top commodities trader to discuss whether a floor is in sight. And, of course, all of this feeds into what will the fed do . What is inflation going to do in this country . Always interrelated. Thats for sure. Meantime, 1 trillion, thats how much money has come out of emerging markets over the last 13 months. Were going to discuss whether you should be following that herd or maybe take a