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Transcripts For CNBC Power Lunch 20160823

Im brian sullivan. Heres what else is happening at this hour. We are keeping a close eye on tesla shares. Why . Because elon musk tweeting, the company will make some kind of a big announcement within the next couple of hours. Kwou will hear it the moment it happens. Plus, the president just arriving in baton rouge. He will be touring floodravaged neighborhoods and is expected to make a statement later on this hour. And oil jumping on speculation that iran may be willing to overlook its feud with saudi arabia and actually back a production freeze from opec. Crude oil now up more than 1 , michelle. Brian, i am michelle carusocabrera. Three hours left in the trading session. Stocks are pulling off their session highs at this hour. Dow was up 102 points earlier in the day, while the nasdaq managed to hit a new intraday high. S p 500 came close too, still all three major averages are still in the green, 14, 19, five points roughly. Lets get a pulse check from bob pisani on the floor of the

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