Welcome in, everybody, to power lunch. Im tyler mathisen. Glad you could join us. Three hours left in the trading session and stocks showing animal spirits. They are in the green. As you see, the dow industrials up about a third of a percent or 65 points. Ditto the s p 500, a third of a percent of 2148, thats a sevenpoint gain and the nasdaq leading the way up. 75 . Big winners, boeing, 3m and microsoft, microsoft trading at an all time nominal high. Im michelle carusocabrera. Here is what else is happening at this hour. Consumer reports naming lexus its most reliable automotive brand. More on that coming up in the next hour. Nike topping forbes list of most valuable sports brands. Oil cracking below 50 a barrel, right around 49, 50. Right now crude down 1. 9 . Back to you, tyler. Thank you very much. We got a big two hours ahead. But lets kick it all off with the deal of the year. At t, there you are, announcing plans to buy time warner for 85 billion. The ceos of both companies weigh
Showers at the shore. A look at the forecast hour by hour and futurecast, well show you where the rain will likely have a break. When i come back. But first Francesca Ruscio is here with the first alert traffic. Folks, allow extra time with caution were starting to see disabled vehicles. Were looking at road closures because of an earlier accident between route 13 and highway 3. What we know within that stretch of route 13, both the northbound and southbound section remain closed. This is right around cobbs creek parkway. This just came in not too long ago. Were stillch whatting the disabled vehicle in the upper merion and the schuylkill expressway. The conditions out there, folks, because its so wet, you really need to allow extra time and be careful. Take a look at travel times woodhaven to the vine, 14 minutes still in the green. Use caution, when i come back, well take a look at the vine street expressway. 5 01. This morning, delaware could seat heaviest of todays rain and parts of
Quietly. Pfizer and ge firing back in opeds, defending their companies and criticizing campaign language. Jpmorgan chase jamie diamond also out with big concerns about where america is headed right now. Will that fall on deaf ears or impact real change on the way these companies and others are viewed . Here now billionaire investor will ross joining us. Youre an investor in companies, right . You got your own business. Youre not a public company, what do you make of the campaign trail attacks on business and individual corporations specifically . Well, i think there is a terrible populous sentiment that is brewing and it is manifesting itself being antibusiness. But think about it. If you like employment, how can you hate employers. If you like tax revenues, how can you make life more difficult for the major taxpayers. So there is an illogic to the populism. And i think what is happening is middle class america and slightly below middle class have been left behind for a decade. Theyre
Cracks and im francine lacqua. More than a Million People took to the streets of paris to show solidarity in the face of terrorism after three days of violence that killed 17 people. They marched in the rally which drew the largest crowd in french history. Caroline connan was at the march. She joins us now from paris. Caroline. This sunday will probably go down in french history as the biggest gathering in france, and in paris for the past 40 or 50 years. More than one Million People in paris, 3. 7 Million People across the country, and some very emotional and peaceful moments in the french capital. You had the families of the victims of Charlie Hebdo, of the supermarket, and the policewoman who was killed. There have been 17 People Killed in the last week in paris. They were followed by more than 50 heads of state, with some very unlikely duos such as Benjamin Netanyahu and Mahmoud Abbas next to president hollande, Angela Merkel, matteo renzi, David Cameron, and many others. There was
Cnbc his company is open for business. President obama uses his state of the Union Address to call on the middle class. Asking them to workers a fair shot. Corporate leaders in davos taking a critical view on his policies. Russia does not want a cold war. He responds to obama saying his country will not be isolated by the west. They tell cnbc it remains part of the global community. We are bringing world investors into russia and russia needs to be connected to the world and the world will be a safer, and better place if it is. Turkish central bank boys for the first time in months but some say the move doesnt go far enough. Cnbc speaks to the turkish finance minister coming up here on Worldwide Exchange. A warm welcome to Worldwide Exchange. We are live at the World Economic forum here in davos. The theme this year the new global context. For a change its broad enough to encompass all the issues that inflate the global environment. A lack of trust. Geo politics. The relationship with