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Im also watching pinterest which has also moved higher, starting around 10 30. Im not sure what its about either, but i cant help and look at facebook and note theres no such bump in that stock. Facebooks barely higher so it makes me wonder if perhaps the news around some civil rights related groups being disappointed in facebooks progress in some areas lack thereof in addressing some issues that they would like to see addressed. Talks again of potential facebook ban those things dont always materialize. I guess facebook lets see, were showing a longer chart there in facebook. Today in the intraday action it has not moved higher maybe theres some hope. Theres the facebook daily chart. Its actually moving lower starting at that 1030 mark maybe theres hope among investors that some of those advertising dollars, some of that engagement moves off facebook to those smaller rivals, carl yeah. We talked to levis chip berg and he was unekwifable looking for concrete action in terms of changes ....
And welcome to power lunch. Im melissa lee. Heres what else is happening at this hour. Stocks pushing higher with the dow and the s p 500 erasing all of septembers losses while the nasdaq on pace for a record close here. Existing home sales falling 0. 9 last month. Economists were looking for a gain. And North Carolina under a state of emergency following days of Chaotic Street protests after the Fatal Shooting of a black man by police. Weve got a live report straight ahead. But first, we got to get to Tyler Mathisen live at the iconic conference in boston. High, ty. Melissa, thank you very much. And its great to be here in boston at the iconic conference where we bring together some of the biggest business icons like todd wagner whom you just heard from on scotts s ....
With the first snap. Calling it the superbore. 12 seconds. And hitting. They dont throw to sherman i am a huge Richard Sherman fan what was weird, peyton never looked right and the seahawks i fell like i was in seattle. Couldnt hear a thing when peyton was taking the snap. Carl, it was a noshow. It was, it was. We kick off a busy first week of february. Janet yellens sworn in as fed chair, as we speak. Earnings to come. A jobs number on friday. Tenyear yield hit its lowest since november friday. Currently around 2. 67. Asia traded lower on the weakening China Services pmi. Futures, in the green, after a rough january. As the nikkei enters correction territory, are we in for yet another rough month . As we said, yellens being sworn in. Well discuss challenges for her and the fed. Is joseph a. Banks hanging up on mens warehouse. Feels like. In talks to buy eddie bowauer. It wa ....
Emily im emily chang in San Francisco and this is bloomberg technology. Coming up, it is a date. Apples next big product unveiling is set for september 7 according to bloomberg sources. Details on the new mac, ipad, and iphone. We will see plus, metarolls out its old playbook for a new round of midterm elections. We talk about whether it is enough to fight the latest trends in misinformation and disinformation. And record revenues in shipping, but seeing a slowdown. I ask a ceo if he shares that sentiment. We will get all of that but first i want to get a look at the markets. U. S. Stocks falling for the first time in four days. Christine . Christine it is fed minutes day and we got another reminder that more rate hikes are coming. That means higher yields and bad news for tech. Lets look at the broad tech sector. The nasdaq 100 and the faang indexes falling for a second straight day, falling more than 1 . It has been a week since ....
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