Page 3 - Cnbc Eamon News Today

Welcome to power lunch. Im melissa lee. Stocks right now are mixed actually all in the red right now. Amazon, though, hitting a new alltime high in todays session. Same for tesla, that stock trading above 300 a share for the first time ever. And take a look at gold hitting its highest level since february 27th. Tyler . Melissa, thanks very much. Im tyler mathisen. Glad you could join us on a rainy tuesday in new york. Here is what else is happening this hour. The u. S. Trade deficit falling in f...

A few stock standouts. Haines brand higher by more than 9 . Verasign up by 5 . Heres what else is happening at this hour. A california woman has been awarded more than 70 million in a lawsuit alleging that Johns Johnson johnson baby powder caused her cancer. Bmw will recall 136,000 vehicles over a fuel pump problem. And a recordbreaking heat continues from the planes through parts of the southwest, some areas will see temperatures up to 25 degrees warmer than normal. Meantime, we kick it off, ho...

A roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. And more on the latest on the disappearance of egyptair flight. First up, stocks are poised to open higher a day after the s p touched a twomonth low on concerns the fed might hike rates next month, or in july. The dow and the s p on track for its fourth consecutive weekly loss, thats the first such streak since october of 14. The nasdaq on pace for its first fiveweek streak in ...

The fed chair said. Thanks, brian. Janet yellen reinforcing her cautious for the u. S. Economy and emphasized the uncertainty of the brexit vote this thursday and the recent slowdown in u. S. Job growth and Global Economic weakness. A uk vote to exit the European Union could have significant economic repercussions. For all of these reasons the committee is closely monitoring Global Economic and financial developments and their implications for domestic Economic Activity, labor markets and inflat...

Todays move ahead had everything to do with fundamentals, yes, fundamentals. Earnings beats, check, healthy ipo, check, good economic data, check. Could it be that this rally has more to do with the fundamentals than the bears even want to admit . So we go to bear dan nathan. Skeptic. I mean, listen, all those things, we had very low expe expectatio expectatioexpec expectati expectations. Had really low expectations as it relates to earnings, and when you look at the ones that actually performed...

Right now the Dow Jones Industrial average is slightly higher along with the other indexes. The nasdaq is up for a third day. Also in the news, i. T. T. Educational services shutting down all of its schools, this after the government banned the company from enrolling students who get financial aid. The move will affect about 8,000 itt employees. And hurricane neuthen is barrelling up the golf of california, expected to make landfall over mexicos mainland before hitting the u. S. Later tomorrow. ...

Hitting the booming world of daily Fantasy Sports. Allegations of Insider Trading. Walk us through it all, domenic chu. Millions and millions of dollars at stake. Thats why its getting so much attention. Many of us play Fantasy Sports, dfs on the daily sites. Lets take you through exactly what the stage is right now. First of all, draftkings and fanduel, its pretty much a duopoly. They control the daily Fantasy Sports world. Thats why theyre so much in focus right now. What is daily Fantasy Spor...

Attacks on u. S. Banks have been struck in a series of coordinated attack these mop details at the moment, unclear. But the attackers are believed to have stolen large quantities of data, including information on checking and savings accounts. Theyre looking into the possibility that Russian Hackers are behind those attacks. There were other reports that suggested they had gotten employee information, joe. One of the things i wonder more than anything else about this, beyond my own security, im ...

Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors ...

When even paul ryan, the tea party whisperer, can no longer please the right wings right wing, its clear the Republican Party has a serious problem on its hands. This debate has exposed a dep schism between the base that will only relent when obama care has been repealed and leadership that actually and very recently believed this. You had said next year that you would repeal the health care vote. Thats still your mission . Well, i think the election changes that. Its pretty clear that the presi...