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We have steve ratner, who is with us often. He is one of the advisors. He is about to come here by himself in front of the committee on the tactical issue. We have a lot coming up. On the tax reform issue. We have a lot coming up. Similar story for stoxx 600, down by 3 10. Removing the currency market has truly been unbelievable. 1 buildingr 1. 1 on the rally we saw yesterday. Fourar yield now back by basis point. This is your safety check. Dollaryen down 6 10 of 1 . 112, a huge move. Oil trading on its own fundamentals up 3 10 of 1 . David thank you very much. We will set the stage now. We go...

And big bets against one of the most wellknown Tech Companies out all also all matter to you and your money and we hit it all as power lunch begins right now. Welcome to power lunch, im melissa lee. Lets look at the markets right now. Dow and nasdaq hitting alltime highs during the comey testimony. Take a look at the vxx right now. Take a look at that below 10, 9. 93. Financials leaving the markets today this on the back of the house vote of overhaul of doddfrank. Jp morgan, bank of america, Goldman Sachs among the top performers. And take a look at some of the names hitting alltime highs toda...

Nasdaq gaining 0. 67 even as two of the most sectors out there, autos and retail, just cant get out of their own way . How is this even possible . Look, it makes sense to be concerned. The United States, after all, is a service economy, with much of it revolving around what we purchase today was another reminder as we see whole portions of the auto sector, just getting obliterated sell sell sell. With the retailers once again on the ropes the papers, the papers are filled with the dramatic decline in auto sales year over year the house of pain thats historically been a terrible sign for the br...

Monetary policy is not on a preset course. Were watching this closely and stand ready to adjust our policy if it appears that inflation undershoot will be resistant and President Trump arrives in france for a bastille day visit as controversy ramps up back home. Good morning we have another very busy show for you. Lets get straight to the ia report Oil Investors are going through a period of waning confidence according to the latest report the organization suggests that growing impatience over the rebalancing of the oil market is to blame for money manager slashing long positions in crude futu...

Referendum rapidly approaching. Lets get to the stories you need to know about. In london where oil tops 50 a barrel. Jodi schneider in japan. And mike mckee right here in new york with the latest fed talks. The rally continues in crude. Brent toppinggh, 50 a barrel for the first time this year. Javier blas, talk to me about driving things toward and barrel. Alter javier we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. In the background is the demand that a strong. Everyone is driving a lot in the u. S. That combined with supply outages is bringing us...