Year im Brian Sullivan welcome. Power lunch begins right now she works hard for the money so hard for it, honey im Michelle Carusocabrera at the New York Stock Exchange back in rally mode, the markets, highest in three days been all three indices on track for a positive week. Dow jones industrial average higher by triple digits. These days only a gain of half percent. How much of a rally over the last year. Goldman sachs, two names leading the dow higher Goldman Sachs and chevron hitting a threeyear high, by the way. Energy, outperforming, etx, xle on pace for its best in the year and all big winners. Alltime highs, home depot, c t caterpill caterpillar, fedex, and big loser, pg e due to california wildfires. Beginning the hour with breaking news on the fed Steve Liesman joins us with more. Thanks. Cnbc learned from sources familiar with the situation that leary lindsey commit considered fed vice chair job, lindsey interested in exploring the job. We dont know what status the discussio
Should you buy it . Well have the answer. Varney company, were about to begin. Straight to the big news. Lets look at the scenes by the way. Greece, theres a big pro bureau rally last night and three hours from now. The Greek Parliament will look at the proposal and it will reshape europe one way or another. Hes still there. Ashley webster, an amazing job, ashley. You may have seen it the finish line whats it look like . Im two weeks away from greek citizenship, put it that way. And a handsome match. Listen this proposal will be debated in parliament and it wont happen until 10 p. M. Local time. Right about now, its siesta time, but certainly not with the politicians trying to figure out whether they can propose this deal that the eu creditors will indeed accept. Weve had some interesting news out of the u. S. Treasury secretary jack lew speaking in washington and whats going on with greece. He said quote, i do not roll out damaging spinover impacts on the u. S. If greece exits. Now ex
To get that, but you never know what happened in this final hour of trade. And could arthur dampen the rally . Im not talking about the arthur sitting next to me. The fourth of july could be washed out on the eastern seaboard. It is expected to become a hurricane soon. And the real damage could be done expected at the fourth of july holiday. Well talk about the winners and losers and get you an update on the storm. Also, women cannot have it all. Thats what pepsis ceo said and that candid and controversial statement has been lighting up twitter and getting a lot of action. Were going to tell you more of what she said and why she said it coming up today on the closing bell. Thank you, indra, thank you. Now, as was mentioned, the dow is positive, although were towards the lows of a choppy and narrow session. Mean wile, the s p 500 is still going to stay positive right now. It is right at that 1973 mark and the nasdaq is off by about 4 points. Theres the nasdaq down 4 points. It has been
Special coverage and well have full Team Coverage over the next two hours here, bill, to talk about a lot of the market expectations. Weve seen a lot of numbers to the high side of course. Then we saw that disappointing adp jobs report today. So a lot of back and forth. Strong jobless claims. So many cross currents to work through. Of course, the story weve been following for the last couple of hours, deal or no deal . Depends on who you ask right now. Word that iran and the five world powers in those negotiations led by the u. S. In switzerland have reached an understanding that will get us to a deal by june 30th. Oil is lower on the news. Well figure out what the announcement really means. Plus well hear what president obama had to say about this development coming up a little bit here. Were also starting to hear from israel right now as well. Heres where markets stand. Well start with stocks then should talk about oil obviously. The dow is up 59 points today. A similar gain across t
You know why god created weatherman . To make economists look good. The number has been revised down. Now we are only expecting 149,000 jobs created during the month. 145,000 in the private sector. Unemployment rate stays unchanged. 6. 6 . We have had some weak numbers. 80 p and i is and services came in week but it is really all about the adp and ism services came in week but it is really all about the numbers. Compare that to last year when we had a lot of pink on the screen and it was a lot warmer. Everyone on wall street is going to start with this number today. They want to know how many people were unable to get to work because of the weather 3009000 the average for a rubber worry. We will find out how much worse was it than that. How much worse was the weather in this month than normal . Was it worse than seasonal adjustments anticipated . Or is there a nonrelated weather hiring underway . And did a lot if you will drop out of the labor force because they lost the unemployment b