Hill some investors are saying its more about what she did not say than what she did. Well explain. Meantime, United Airlines is unveiling a new program to avoid upset passengers on overbooked flights. Wait until you this is actually a good idea. I love it. A great idea, and well outline it for you coming up. But we begin today with Senate Republicans unveiling a new version of the Health Care Bill, including offering plans with less coverage, the skimpy plans, quote, unquote, and keeping some of obamacares taxes. Kayla tausche has the details. Kayla . Reporter earlier today the Senate Majority leader said that the draft that came out today will be scored by the Congressional Budget Office early next week and after that point he hopes to bring it for a vote on a motion to proceed. That is where senators will say whether they think it should move forward, be amended, have changes be submitted by colleagues on both sides of the aisle and then have a vote on a final draft, but we are gett
Bad. Say again . Theres reversal in some of them. Yeah, little change lets call it. Volumes still up, 80 above the threemonth average by the way. Global fixed income had a bit of a rally also. Speaking of fixed income, lets look at the 10year. There you see it, 2. 246. Crude is up. Yesterday too, wasnt it . Yeah, i mean, again people hope that the end of november theyll be some sort of cutbacks. It all just seems very chimerical, but it will say this. Traders get short and get between 42 and 43 and get crushed over and over again by the opening. Right. Lets get to the road map this morning. Of course it starts with janet yellen on the hill testifying on the health of the u. S. Economy and the timing for a rate hike. Plus donald trump taking some interesting meetings in new york today. Shinzo abe going to find his way to trump tower, we believe. A handful of ceos as well. And well have an update on the transition effort. Walmart out with results, sales were not quite where the company h
To do. One fourth of that will be spending, but we dont know the timeframe. Jon there might be a consensus among economists, there is no consensus in this market right now. David im looking forward to that. We will speak to a man who knows the fed very well. Alan greenspan will be joining us in an exclusive interview. We begin with breaking news. Ford earnings just crossing the wire. The Company Making . 52 a share. Estimates were for . 60. Revenue,of actual coming in a bit stronger at 36. 9 billion. The company says it is committed profit. 6 pretax it it does warn that could be at risk even if u. S. Sales of its suvs pick up. We always want to look at pickups. They missed on their earnings per share but were up yearoveryear. Beat. And revenue did yearoveryear and quarter on quarter. Stay with us for that. Mark fields will join us shortly. We want to hit on that interview. Jon Credit Suisse earnings coming through, the swiss bank posting a surprise profit last order. The turnaround pla
The stock. Hell be here to explain. And the sooner state oil boom. Brian sullivan drills down in americas hottest new energy hub, oklahoma. And he will join us live. Power lunch starts right now. Welcome to power lunch. Im melissa lee. Stocks are down big as fears of a coming rate hike rattled the markets. Take a look at where we stand in the markets right now. Dow, s p, nasdaq all near session lows, for dow 230 point loss, nasdaq being hit hard as people are taking profits in technology down by 1. 6 now. Big moves also in rate sensitive sectors, utilities and reits solidly in the red right now, michelle. Yeah, they sure are. Im michelle carusocabrera. Heres what else is happening at this hour. General motors recalling 4 million vehicles worldwide for software defect that has been linked to at least one death. The white house vowing to hit north korea with new sanctions following a nuclear test. And the house unanimously passing a bill allowing families of 9 11 victims to sue saudi ara
Gaining a relative term there because we havent seen much in the way of gains. Materials and Energy Financials have been the trio weighing on the s p, particularly consumer discretionary. If you look within that group, weve got a potential deal spoiler making a competing bid for starwood. It has now peaked above it. Starwood had agreed to and acquisition and trip advisor, there is some speculation there. International getting an i should mention that one caveat for the gains we are seeing across the board is that it is on very low volume. Ere are the groups on the s p you can see a drop in volume on telecom, energy and industrials below there than 25 average. So we are not seeing as much action today. Oil capping the gains today . We are seeing a selloff in oil today lets take a look at oil prices. A decrease up off the lows a little bit but a report saying iran is not ready to freeze reduction. Damper ontting a things in recent weeks. Now a look at the bloomberg weve got the uti in ye