change across the company, including here at cnn. and i m sad that i won t be here to cover it. but since this is our final episode, we re going to do something today. this is a special hour and it s about change. it s about change all across the media world. what s changing? what might change? and what must never change about the accountability function of journalism. i love this show. this small but mighty show punched above its weight for so many years. even a former president commented on the cancellation. reliable sources has been a one of a kind show, and a popular show. this is one of cnn s highest rated weekend shows. so i want to say thank you to all of you watching around the world. i was lucky to be a part of it for nine years. but it began 30 years ago after the gulf war. so here s what the iconic former cnn ceo tom johnson said on facebook when he heard the show was canceled. he said it was founded by ted turner and leaders of cnn who felt deeply that media org
Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.
Goldman ceo talking to david about the stocks. A pocketsized drone. We have ideas about what this drone could be used for. Dont google it because we want to tell about you it. China pointing its first china ceo and announcing it wants to have 5,000 stores there by 2021. Howard schultz will join us from shanghai. They have to open a store every single day between now and then. If they continue to keep it up, talking about their concerns about china, a store a day for years is their plan. Earnings and the election, two of the big stories on the minds of investors today. Covering the earnings. Hes in las vegas with a preview of tonights third president ial debate. Bob, why dont you start us off here. Its early, but im pretty happy. Im getting excited because the numbers are better than expected right across the board. We got more Bank Earnings today. You know Morgan Stanley, some of the Big Money Center banks, theyre doing well. I like the regional banks, the bb t, us bancorp. Theyre movi
As for stocks this morning, lets take a look at the futures. Youll see right now that it looks like the futures are indicated a bit lower. Of course this is coming after 7 days in a row of gains for the dow. Its the first time its strung together 7 days in a row of winning streaks for the entire year. The dow futures are down by 85 points. S p futures off by 10 and the nasdaq by 28. Imports and exports both down. In the baltic. Theres a Cocktail Party and theres one to drop the baltic index which peaked in july and hasnt been this low in awhile. Were all embracing it because it helps the emerging markets and takes pressure off of us in terms of leading the world. Somebody else plays along with us, there it is. So now growth concerns again. And fisher is going to be on at 6 30 and here we are again. Is it true theres never a good time to have a baby . Theres never a good time to raise Interest Rates ever. I think any time is a good time for a baby. Its never the perfect time so just do
Ike, rippedo rendon by some in the Tech Committee for donating 1000 to a proposition aimed to ban gay marriage in california. The debate over that donation over six years old has been raging on social media. Are coming to latenight tv. David letterman says he will retire as the late show host. ,e has been on tv for 33 years the last 20 on cbs. The longest stint ever for a latenight tv host. In february. Red john malone isre shutting the book on barnes noble investment. Liberty media selling 90 of the initial investment and will abandon the struggling bookseller. Barnes noble have suffered with lowrs of losses sales of its nut tablet. Mr. Pricing nook tablet. Raising the expected value of , showingo 192 million excitement over a deal that doesnt deserve excitement. A reasonable question that we hope to answer. Leslie covers the ipo market. Out, what does it tell you about this deal . On april 1,member they raised it three dollars a share on the lowend and highend. Now they are pricing a