Struggling Department Store and its competitors. And is trading and business about to come to a grinding halt o. J. Simpsons parole hearing is set to start will the world are watching just like they did when the verdict in his murder trial came down . Power lunch starts right now six months. Feels like yesterday welcome to power lunch. Stocks carving out small gains s p and nasdaq and russell 2000 setting intraday highs even though the moves are small nasdaq trying for a tenth straight day of gains. Well explain home depot coming up. Plus, a ton of big names hitting new alltime highs amazon over and over again, there they are carnival, priceline, Royal Caribbean among them melissa . Here is what is happening at this hour. The Justice Department is dropping a penalty against Harley Davidson for not selling illegal aftermarket devices that causes vehicles to emit too much pollution different story for exxon. They are charged with violating charges against russia while Rex Tillerson was t
Arthur, president of the United States it is a big day on power lunch, hon. And it starts right now, jon najarian, dont ya know . Esther a. Arthur was a friend of mine welcome, im Tyler Mathisen. What a beautiful turn you made, nick that is good what else is happening this hour amtrak and lyft announcing a partnership beginning today. Customers can use the amtrak mobile app to access the lyft app to request a ride. Presumably from the train station home or whatever u. S. Automakers reporting sharp sales declines in july fiat, chrysler and gm, down double digits. Ford sales down last month and credit card losses hitting a fouryear high, according to ratings. The average chargeoff rate, the percentage of debt thats written off as a loss, came in at 3. 29 in the Second Quarter the eighth largest card issues also saw their chargeoff rates increasing what some say is a worrisome sign for the markets and the economy. Melissa. All right, tyler. And welcome to power lunch. Im melissa lee. We a
The white house. Nbcs Analysis Shows republicans may not have the votes to make this happen. Tracie potts has the latest on the battle to pass the plans. A threehour meeting overnight with the House Speaker pitching possible changes, aimed at convincing reluctant republicans to support their partys health plan. Congressman charlie dent emerged as the latest no vote. I think its important we get this vote rather than get it done fast. President trump on the phone with lawmakers all night meeting with the con sefb tif Freedom Caucus today. In a last ditch effort to flip six no votes to yes. This is going down in flames. Whats it going to take to save it . Our count now shows 29 republicans likely lined up against it. Still, the House Speaker is confident. We feel were getting really close. The white house admits theres no plan b if this this is the only train leaving the station. Reporter support looks less likely in the senate, lawmakers are worried about the impact back home. It would
Shanghai hanging in there. Higher by about half a percent. European equities, of course, this one often the last week or so has been the tale how we begin the trading day. Ftse might be down. Spain ibex down one and a quarter. Interestingly was in positive territory. 6522. It is higher than before britain voted to leave the eu. Take a look at crude, wti down about a 133. Natural gas has been rallying this year down about the same amount. I want to thank you for being here. Bern stooen was a merrill guy for quite a long time. Made quite a name for himself, but for him to come in here and be the guest host for an hour is really good for richard bern seen the advisers. I think it says you couldnt get anybody else. That may be true to some extent, but im thanking you. Its nice to see you. Im glad youre here. Im sure he didnt need to set his alarm. Couldnt wait to get here this morning. Chopping at the bit. I think either works. Cham champing or chomping. Its champing. 6 02. If youve never
How long will it last . And the trouble with twitter. The u. S. Central commands twitter account, as you probably know hacked. Its not the first example. At what point does it make no sense for companies to have twitter . Which ones should stay on it . Well talk about that and more, but, first, lets check in with sue at the new york stock exchange. Hi, sioux. Hi tye. Stocks are surging as we kick off the earnings season. The dow up triple digits about 145 points on the trading session. Make that 147. We were up more than 280 points earlier on this morning. A lot of volatility in oil, and thats one of the factors in this market today. Many others as well and bob pasani joins me on the floor of the nyse to give me some details. We were up more than 200 points and once again, chevron and exxon came in and was a drag on the overall markets, but were Still Holding up pretty well, and tech is having a great day, including down stallworths. Cisco having a great day as well. These are big move