Welcome to power lunch. Im melissa lee. All three major averages in the red. Nasdaq lower for the first time in four sessions. Among the biggest losers on the nasdaq 100, activision. Ty. Welcome everybody. Im tyler mathisen. Shares of hain celestial, an accounting probe. Much more on this story straight ahead. Were seeing a big move in oil once again. Crude touching its highest level in a month or so, back above 46 a barrel. And a Trump Campaign shooting down reports that former fox news chief roger ailes is advising the Trump Campaign specifically on debate preparation. The New York Times reported earlier today that the two were working together ahead of the president ial debates. Michelle. Tyler, i am michelle carusocabrera, and we begin power lunch with another big blow to obamacare. One of the nations Largest Health insurers is pulling out in all but four states. Cnbcs Bertha Coombs is working that story for us. She joins us with the details. Bertha. Michelle, its a sharp reversal
That puts us on track to achieve that goal, over the next we 10 years, Economic Team estimates under our plan the economy will average 3. 5 growth and create a total of 25 million new jobs. You can visit our website, just look at the map. It works. [applause] this growth means our jobs and plans including our childcare reforms my daughter is involved in will be complete. Will be completely paid for in combination with proposed budget savings. It will be deficit neutral. If we reach 4 growth it will reduce the deficit. It will be accomplished through a complete overhaul of our tax, regulatory, energy policies. Right now, under the Obama Clinton policies the economy grew only 1. 1 last quarter. A number that was shocking to people that do this professionally and for life. It translates into millions of lost jobs and certainly millions of lost good jobs because we dont have good jobs anymore. Those jobs are gone and going. This is the weakest soc recovery since the great depression. Over
Doing right now. We start with the story of the day,pple unveiling the brandnew iphone 7. Were in San Francisco with all the details. Josh . Melissa, that iphone 7 does boast a lot of new features and functions. Among the most notable though, it is fast. Its a 64 bit, four core processor with over 3. 3 billion transistors. It is a rocket ship. First, it has two cores, that are High Performance cores. These High Performance cores run a full 40 faster than the a 9 chip in the iphone 6. If youre coming from an iphone 6 its twice as fast as the a 8. The iphones display is 25 brighter. The best camera exists out there for any smartphone and the battery lasts two hours longer than the 6 s. The biggest headline grabber no he headphone jack. You can use an attachment for a wired head phones. As for the watch it got an upgrade, this new version apple says is faster, brighter its going to run you about 369. Rbc estimates that to date, apple has sold some 14 million watches generating 5 billion i
There. These are the hideout stocks. Hey, im always nervous. What do you say . Yeah. Three names. Look for names that have done pretty well over an interesting last month and the three that come to mind for me are cocacola, which is making alltime highs. No triple tops so coke is in the next range. A lot of analyst upgrades into their earnings in a couple of weeks. Home depot which seems to do everything right. Had a big selloff. Coming back now and i think facebook is going to knock the cover off the ball when they report in three weeks so names that have done well despite market volatility, thats where you like to be. Do you like those names, pete . I love growth. I love value, i like all three but im going to add a couple more. Really . Youre exactly right on cocacola. Ive been owning that stock for a couple of years. I think some of the investments outside of the koala world is part of the reason why i like them so much because they needed to do that. They have done that and i thin
Brent lower by a dollar, back below 40, decline of 2. 6 . More on the markets in a moment. First we kick things off with tensions running high on the campaign trail politics turning violent. This weekend, the fists come at a trump rally in illinois. The gop frontrunner blaming Bernie Sanders backers. Look at that person, that foolish person. All right, get them out of here. Get them out. Send them back to bernie. Send them back. This isnt the first time violence has erupted at a trump event. Watch this attack from just last week. Secret Service Agents had to make their move to protect trump after someone tried to get on the stage. If you see somebody getting ready to throw a tomato, knock the crap out of them, would you, seriously. Just knock the i promise you, i will pay for the legal fees, i promise. I promise. Hot rhetoric on the campaign trail. Tensions rising there. And meantime we have exclusive new data on who wall street wants to see win the white house this november. Steve lie