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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, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in ....
Floyd. I want to get to athena jones in new york. I know floyds brother is expected to be there. Tell us about this and what you are seeing. We are in brooklyn. You can see people streaming in, a diverse crowd streaming in for what is going to be a memorial for george floyd. We expect to hear words according to organizers from terrance floyd, the brother of georges. Reverend mccall, we expect to hear a prayer from him and comments from elected officials. We have been talking a lot about how diverse these marches have been and diverse these demonstrations have been. We are seeing people of all ages. We have with us now, members of the clergy, talk to me why it is so important for you to be here. It is important for us to be here standing in solidarity with our sisters and brothers whos given a message where their lives dont matter. Having spent 20 years teaching in black schools and work ng the africanamerican community, i feel an obligation to be here standing in solidarity with our si ....
The president today is amping it up. [ inaudible ] do you have any response of the word nonsense . Well, i dont think they mean that. It is the first time they heard it like they heard it. Frankly, the people that are requesting that statement was not too tough. Maybe it was not tough enough. They have been doing this for our country for a long time, many years, it is about time that somebody stuck up for the people of this country and for the people of other countries. So, if anything, maybe that statement was not tough enough. We are backed by our military and backed by many leaders. I know many senators and others came out in favor of what i said. Many think that statement may not be tougher enough. What would be tougher . You will see, you will see. Mr. President do you consider we dont talk about that. We never do, i am not like other administrations that say well go into mosul in four months. Well see what happens. I can tell you what they have been doing and what theyre getting ....
Call, i will shut down the government. Okay, we disagree. I am proud to shut down the government for border security, chuck. I will take the mantle. I will be the one to shut it down. I am not going to blame you. He got his wish. The government is partially shut down days before christmas. Both the house and the senate adjourned late friday night but will return on saturday. I want to go to Brian Stelter and Phil Mattingly and hello to all of you. That sound that you hear which is crickets in washington. Thats the Government Shutdown for the third time this year. How long do we expect this going on . I talked to a veteran, he made what i thought a point. The reality is there is no elegant way out. There is no way that every party involved can claim a win. The reality of the matter is somebody is herbessentially goio ....
Also with us tom nichols, usa today columnist. Hans, put this into context for us and the exclusive reporting that we have. So my colleague Courtney Kube broke this story that the white house intends to announce as early as next week this drawdown of troops. Now, this is significant for a whole bunch of reasons. Remember, it was about two and a half months ago that you and i were talking about that time that President Trump invited the taliban to camp david and then canceled it abruptly and said all talks with the taliban were off. But at that point the intention of the president was very clear, that he wanted to bring down troops. At the time we thought they were 14,000 and there are actually 12,000. Bring that down to 8,000 which theyll do through natural course of events going there. This wouldnt be whole units being drawn out of afghanistan. It gets you down to about 8,00 ....