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Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, ...

And pays out 60 of it earnings through difficult depds and has bought back stock on what people think are attractive prices. This does not sound like a company that need your help. Its a Great Company and a great business and the stock has done great for a long period of time the issue for shareholders is not how well the company has done over the past and how well it will do in the future bottom line is adp has underperformed relative to potential. Youre judged relative to your potential, not r...

I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shang...

Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on nor...

Josh, the store opening with a big product launch, not what it used to be, right there were the days when apple didnt do preorders. If you wanted to be the first with the product, you had to wait online. This time its very well choreographed. Im guessing there are more apple employees there maybe than there are people in line am i right no, absolutely, john. When i got here this morning, the lines not as strong as usual, although ill tell you, it has picked up now but i did talk to some people e...

Losing its license to operation in london. Is it a red flag for the london economy . Were going to get into that coming up. But we begin with this breaking news in the last hour or so, Health Care Stocks rebounding as senator john mccain says he will not vote for the Graham Cassidy Health Care Proposal Kayla Tausche is here to bring us to up speed kayla . Reporter that statement landed with a thud earl yer this afternoon, bill. Arizona senator john mccain becoming the second official no on the r...

Amazon, netflix and google plus apple and nvidia are rocket ship names and yes, rocket ships peer yoodically, you know what they do, they fall. And when they do they inspire sell offs like the one we had today. Nasdaq so many high fliers, losing. 88 . In fact we had two rockets ships that worked today, fang and rocket man himself, gkim jongu. This time our fly overers of north korea amount to a decoration of war. Now when a star ship fang crashes to herself as more risk of versus money flood int...

Im sara eisen at post nine, with me mike santoli john fortt is with a special guest. Carl has the morning off we do want to head some headlines that are just breaking from President Trump hes been meeting with members of the house ways and Means Committee. This is a walkup to the big tax reform framework announcement tomorrow here are the headlines President Trump says he and lawmakers will discuss a framework for tax reform before its release tomorrow thats whats going on today President Trump ...

All the latest details for you. After the bell, nike will report earnings. We got a debate on whether the stock is a buy ahead of that release. We begin with all of the news how ut of washington. Cnbcs john harwood is in d. C. With developments on the effort to repeal and replace obamacare. Ylan muil has the latest on the tax reform eamon javers, details on the press conference with the Prime Minister of jane Janet Yellens speech this afternoon. John, lets begin with you. Wilfred, today it becam...

Im carl quintanilla. First up, the new push for tax reform details public for gop framework. Among the highlights reducing seven brackets down to three, doubling standard deduction, cutting Corporate Tax rate we have Team Coverage from Nations Capital y lan, well start with you. Here it is, corporate rate down 20 , businesses 25 rate. The plan also allows for at least five years of full and immediate expensing. One of the tradeoffs, the ability to deduct interest will be partially limited theres...