i'm sara eisen with dom chu. >> happy friday to everybody out there. >> big week for central banks. >solutely. >> and big week for the markets. let's check where we are this morning. futures giving a little bit of it back. we're coming off a two-week high for u.s. stocks after another strong day yesterday in celebration of the fed in action. and somewhat dovishness in terms of the tone. dow futures down 33 following oil. s&p 500 futures down almost 6. nasdaq futures down almost 7. as for the ten-year treasury note yield, lower yields buying up treasuries, we saw that all week long as central banks from japan to the u.s. show they are still committed to fighting the war on higher inflation and better economic growth. let's show you the ten-year treasury yield, down to the low 160s. still within that range from 160 to 170. we are six or seven basis points from where we were last week to pull that up for you. >> if you look at the yields, the idea is you don't have any kind of inflation to speak of at this point, anywhere around the world. and that's why the central banks have the abilit

with all of his accolades on the links, dom chu tells us arnie .lso had a big impact in >> reporter:o other man in the history golf did more to bring the main to the masters than arnold pa, and he did so with a style and flair that helped set the stage for golf, as we know it today. but it's off the golf course where palmer parlayeded his prowess on the links into a business empire. his business and endorsement deals have made him one of the richest sports figures i he has endorsed dozens of brands, everything from cadillac to hertz, to rolex to pennzoil. >> same pennzoil, new package. >> reporte according to forbes, $875 million, lands him at third among the world's highest-pa athletes. palmer's business empire has a variety of diffe operations. among them, a golf course design company that had a hand in the creation of over 300 golf courses all across the world. he had an ownership interest in famed golfers or pebble beach. he teamed up with a lawyer named mark mccormick, a cornerstone to become sports agency giant internatio manag group or img. he licensed his name to one of his f

. >> all right, thank you, dom chu, have a great weekend. >> you guys too. >>> with the vix this low should you be playing offense or defense? mike silver at the smart board with more. >> actually, i think when options prices are very low you have an opportunity to do both. that's actually what we're going to do here. one of the reasons the vix has gotten this low is because the market just hasn't been moving around. for the month of august, we reached realized volatility levels that have only been seen three weeks since 1970. so very, very low volatility. and it seems unlikely that that can be maintained for a long time. so here we are at the markets right around all-time highs. you want to stay bullish but you're getting a little bit nervous. we'll take a look at buying a call option. call option is a bullish bet. this is how we can do that. secondly, you're concerned about downside risk, who wouldn't somebody we've got a bunch of things going on. we're at all-time highs, at very high valuations, a presidential election coming up, worried about the fed is doing september 20th. you'

somebody else we like is dom chu, not that we don't love bob pisani, bob on the floor with what's movingmorning. >> good morning, david. again just to talk about a little bit about what's happening with the markets. one of the traders tell me sarcastically hey the september volatility is back, the s&p is up 1 or 2 points. the still markets kind of continuing into the first trading day so far. if you take a look at the early trading action there is a bit of a standout coming out and that is in the cyclical side of things. we've been noticing overall with modest fractional gains in the stock market overall, that we have seen the financial stocks showing a little bit of at least early month strength to start september here. also, industrial stocks moving to the upside as well so far in the early trade. little too early to tell so far. but, consumer staples like you talked with campbell's probably weighing that sector down, off by about a quarter of 1%. the energy sector down lower crude prices, $44, handle on west texas intermediate a focus there as well and one more kind of key to look at

let's get to dom chu now for a market flash. >> gold prices working on their second straight day.s taking gold mining stocks down with them. if you look at the gold minors there, gdx, it's down much more than the overall stock market. the biggest stocks by the market cap like new mont, all lower on the day by more than the market overall. so certainly, michelle, gold minors and gold prices, certain things to watch in this afternoon's trade. back to you guys. >> thanks, dom. shares of twitter falling today as the company's board meets. it's expected they're going to discuss selling the company. we'll talk to someone who's been permanently banned from twitter about the company's future. also we'll talk plenty of politics as well. what going on here? i'l, the orange money retirement squirl from voya. we're putting away acorns. you knowso you're sortf like a of savinspes persoture. more of a spokes metapho get organized at voya.com. >>> twitter's board meeting today in san francisco. whether or not twitter will remain as a standalone company or consider a sale. i'm going to talk about

let's get to dom chu. >> i was listening to the interview you just had.of floor traders about what they think about the elections and what is going to happen with the debates tonight. a lot are saying they can't really tell if it is going to have a huge impact on the markets right off the bat for this particular one. we'll have to wait and see what happens tomorrow. the general consensus among many of the folks here and, remember, this is a small microcosm, floor traders at the stock exchange, but they don't believe generally speaking you'll have a massive market movement just because of anything any one candidate says. that's something to watch there. with that being said, we are near our session lows right now, albeit not an excessively high volume. i will point out, though, that ten-year note yields for treasuries are now near their lowest levels since we saw earlier this month, about 1.57%. we're hovering right around that level right now, so we're watching interest rate sensitive is sectors like what is happening with utility stocks and real estate i

to dom chu now. >> those aren't some of the only casualties in the market.f you look at consumer discretionary stocks, the financials, and health care, they're all now negative on the year to date basis. those three drifting to the downside. health care down by the most this year. 2016, more than a percent or so. some of the worst names striking down the sector, perego, alexion and regeneron down. as we talk about the sectors, it is not just the interest rate sensitive ones, but now the retail stocks and financials also drifting to the downside, guys. back over to you. >> thank you very much. the first iphone 7 reviews are out and they are, well, they're mixed. some call it terrific. and the bestest phone ever. >> ever, ever, ever. >> ever. others call it the good, the bad and the air pods. by the way, first numbers are out as well. a lot to talk about, including the launch of ios 10, melissa has been talking about every day. josh lipton is live in san francisco. josh? >> well, brian, apple fans now waiting for that notification telling them they can downloa

dom chu joins us from the event with a very special guest. dom? so, scott, new york sports fans are going to need no introduction to d dd grigorio. thank you for joining us here from the cantor relief day. what charity are you supporting? >> i'm, first of all, i'm here for the helping hand community and it is something you got to give back to the community, not just we're here, but not we only play baseball, we got to give back, talk to people, give back and got to raise money for some good causes. >> with these causes, tell us how you got involved with cantor fitzgerald. >> i met jolie, the sister from one of the people that passed away in that tragedy, 15 years ago, and, you know, that's why they raised the event and make it -- everything in this name, and, you know, it is something they do for underprivileged kids, give them a chance to do all the talents, all the stuff, having a chance to do stuff on their own. a little bit independence, teaching that, so it is something really great. so they hand it out and doing a great job with it. >> make

that's where we find our dom chu who is live with a special guest. >> okay, so, kayla, we're here right with steve bushemi who is on the foep with his mother trying to tell them all to tune in right now. >> put on cnbc right now. >> right now. you see? >> oh, hi. do you see me? okay. all right. i'll talk to you later. all right. love you. okay. bye. >> steve, thank you so much for, first of all, getting your mother to tune in. >> yes, of course. >> and, of course, for being here. this is a huge day for cantor fitzgerald because all of the proceeds and commissions go to charitable causes. tell us about why you're here and the charity that you're here to support. >> i'm here for a wonderful charity called friends of firefighters that was started by nancy carbone after 9/11, and what friends of firefighters provides are therapeutical services, counselling to firefighters, active firefighters, firefighters retired, and also for their families, and the need today is just as great as it was 15 years ago and before. i mean, what 9/11 brought out in the firefighting community is that there was

to find out which ones we go to a man always on target, dom chu. >> there are probably some traders whoing some big cap stocks stay on target. so we went hunting for those target prices where the implied upside is pretty big. there are 20 stocks in the s&p 500 where the average analyst target price as polled is 30% higher than current levels. among the notables, sales force.com has around 30% upside in analyst targets are right. 93% of analysts had a buy rating on sales force. you have a couple of travel related names. delta airline, they've had some dush lense losing a quarter of the value in 2016 but they think there is a potential of a 38% gain and 88% of analysts have a buy rating there. there is always royal caribbean, the cruise operator could see 40% upside if the analyst target price comes to fruition. 89% of analysts have a buy rating there. and one more controversial one. first solar shares have taken a big dip in the last six months but the average target price has come down but still 60% higher and only 37% of analysts who cover it actually say buy. 58% say hold and the rest

. >> dom chu with the latest there. busy day getting even busier because it is decision day. less than two hours to go now until the fed makes its call on interest rates, an outcome that could decide where stocks trade in the weeks ahead. our steve liesman who is outside the federal reserve in washington has the latest there for us. steve. >> yeah, scott, thanks very much. an expectation -- a strong kpchgs that the fed does not raise rates. last i looked the fed rate for september trading at 14%, but for december it was in and around 50%, scott. essentially what they've done is they've taken what they thought was going to happen in september and pushed it ahead to the holidays. get ready for a holiday hike is what the market is saying right here. among the reasons, global economic weakness is decided by competent economists and why the fed won't hike, and the big one is that the market is not really prepared for it, given that there were some comments with fed officials that the fed might hike, but then the data came in in a pretty negative or down beat way. the idea that the

breaking is down, a man always rolling in dough, cnbc's dom chu. >> melissa, i don't feel like i'm rollingdough, but apparently as a country, we're doing okay on the income front. if you believe the latest data out of the census bureau, it says the median level of household income in america rose to $56.5,000 in 2015. a 5.2% increase over 2014. and that gain is significant. because it's the biggest gain in house hold incomes on record. going back to 1967. it's a little too early to declare a victory, just yet. because we're still below peak levels of household income back during the late 1990s and the tech boom. so what's curious, if there is higher measures of income, why aren't consumers spending any of it on going out to eat? so here's what we're talking about. you check out shares of cracker barrel today, which took a big hit after profits missed some analysts' forecasts and offered a less optimistic forecast. the stock has lost nearly a fifth of its value since hitting a record high back in june. it's not the only fast casual eatery to lose momentum. sonic on a downward trend since ap

absolutely wild, breaking it down is a man known to take a walk on the wild side himself, cnbc's dom chu. >> some traders could use a little more wild side when it comes to market volatility, because outside of a hasn'tful of events, markets generally calm. but a number of stocks showing some real up side momentum. we took a look at notable names within a broader large cap s&p or rather a russell 1,000. we search for ones significantly above their 200-day moving average or longer term troubled line and among the names, dicks sporting goods, 32% above its moving average. chesapeake energy, 47% above. and review site yelp, 49% above its 200-day moving average. sprint shares, 61% above and a couple names aren't in the index, as well. action camera maker gopro around 31% higher than its trend long. and certify enat that therapeutics, muscular dystrophy treatments. melissa, for stocks like a go pro or chesapeake, there are longer-term down trends that they're still trying to recover a little from. back over to you guys. >> thanks,dom. >>> so are these stocks surge -- are they worth a buy? let

and we've got dom chu at the new york stock markets monitoring. donald trump taking on not just hillary clinton, but janet yellen and in the process heighting a risk we have taken on right here on this desk. we'll explain. >>> and later, one biotech stock could be on the verge of a major blockbuster deal. meg tirrell will tell us who the suitors are. >>> the dow, nas sack dak many perceive to be a strong showing for hillary clinton. so the fed at rest through december and the first debate out of the way, are we getting now the all-clear to buy stocks? guy, what do you say? >> i don't think you get the all-clear at all. i think there are so many risks out there, ex politics a tremendous amount of risks. but look how the market -- look how the s&p has held the level we have talked about for quite some time. that 2135 level, give or take. yes, it's traded below it, but effectively, it's held it, bounced each time. the transports continue to trade well. the russell iwm it continues to trade well. i am by no stretch crazy bullish at all. the risks are

and we've got dom chu at the new york stock markets monitoring.trump taking on not just hillary clinton, but janet yellen and in the process heighting a risk we have taken on right here on this desk. we'll explain. >>> and later, one biotech stock could be on the verge of a major blockbuster deal.

to dom chu for a market flash. >> watching lions gate shares after getting up towards their session highsr, about 5% of the upside. stock is rallying as the company's blair witch horror movie reboot hits theaters today. the original blair witch movie cost 60,000 bucks to make in 1999. grossed almost a quarter of a billion dollars worldwide. box office.com says it expects the later blair witch movie to bring in $20 million this weekend. shares down 5% over the past six months, down a third year to date, so if we talk about the blair witch, guys, we'll see if we can get that same kind of magic, maybe a little doubtful, this time around. >> back over to you. >> dom, thank you very much. >>> shares of apple pulling back slightly today, but still an amazing week. apple stock up 10% in the last four or five sessions. and today the iphone 7 officially goes on sale. can the good times for apple keep rolling? we'll talk about it when "power lunch" returns. >>> welcome back. time seema mody. i would like to draw your attention to the mexican peso, which just hit an all time low against the u.s. dol

. >>> let's get to dom chu for a market flash. >> hold out creditors have accepted a new bankruptcy proposalno operator proposed late yesterday for bankrupt operating unit. that stock has already traded more than three times its average daily volume with more than 3.2 million shares crossing the tape so far. caesar proposed adding more than $5 billion to that operating unstructuring. so we're watching those shares trade actively, melissa, back to you. >> big pop. thanks, dom. shares of amazon today passing $800 for the first time ever. coming up we'll talk to an analyst who recently raised his price target to over $1,000 a share. but first, let's get back to tyler mathisen at the iconic conference in boston. ty. >>> you know, melissa, jeff bezos began as the head of a small company. he was a classic entrepreneurial story. and look at him today. that's what the folks here at iconic are after. and we'll be joined by a guy who's really the great bad boy of fitness. he leads the most successful fitness business in the world, greg glassman of crossfit will join us after this short break. [phone b

dom chu has more. >> melissa, let's lead off with who howard lutnick, kind enough to join us here. that in one second. we heard steve liesman breaking down the comments from fed governor lael brainard, some other comments from lockhart and rosengrend. it seems like the tug of war over the interest rate pick still continues. what is your take on how things play out for the rest of the year? >> we have got a slow growing economy, right? just about 2%. so it is just a slow growing 2%. so there is no compelling reason for a rate hike, but, come on, it is a quarter of a percent, wouldn't half a percent be better? not like anybody in the world actually is going to worry about, a quarter, a half a percent, i think they want to get to a half a percent, like a bigger lead off for space. if you think of second base being 1%, i think they want to get there, i think they're probably afraid to in september. i suggest probably more likely in december. >> as the ceo of a wall street firm, do you fear any kind of a rate hike? do you think this economy is not stable enough to where we will actually

let's go to dom chu now for a market flash. >> that's right, tyler. down about 280 points, but check out what's happening with the s&p 500 health care sector. it's not getting hit quite as hard as say the broader market today, but it's down more than 1% so far. the losses now do mean that the sector's taken its first peek at negative year-to-date performance since the aftermath of the brexit vote. shares of thermofisher, biogen, quest die nostices. >>> all right. roiling the global shipping supply chain, we will have the details about han gin. and as we head out as dom highlighted stocks hitting new lows moments ago. look at the losers in the dow right now, verizon off 3%, boeing the same, caterpillar and coke also with greater than 2% declines. power back in two. >>> welcome back to "power lunch." the s&p's down 40 points, the dow off by 293. these are the lows of the day so far, again, hovering near their worst levels. home building stocks sticking out as some of the worst performers on the day. if you take a look at the spider home builders etf, th

dom chu has the difficult assignment to travel to cover the event. is it eight out of ten?losses? >> reporter: it is eight out of ten, you're right. this is the 41st time they've played. eight out of the last ten times, it's been the europeans that have come out on the winning side. it shows the emergence of the european side of the golf story. but here at hazeltine it's about trying to grow the game. this is a domestic venue here in the united states. one that the pga of america who put this tournament on is hoping catapults things forward. as we talk about the records, they speak for themselves. the u.s. over time has been 25-13-2. it's been dominant just not in the last 10 or 15 years or so. if you look how the course is setting up here, it's one they'll have a lot of spectators. estimates are a quarter of a million people will come through between friday and sunday to come see this event. see this e. so this is arguably the most spectacular and biggest event in the world of golf. you guys were talking with eamon about grandiosity and being grandiose. there's no bigger s

well, dom chu is here with answers. >> good morning.lking about this idea that stock buybacks are getting all kinds of traction again. we know they've been a big part of the market narrative for some time now. remember with microsoft's $40 billion, the target $5 billion acquisition. lockheed martin added $2 billion. a lot of these companies buy their own shares. that helps. the fewer shares outstanding, the more to bump up the profits. take a look at this. according to s&p dow jones indices, apple spends far and away on buybacks. they spent $37 billion buying back their own shares last quarter. in percentage terms they didn't buy back that much of its own value. general electric buys about $16 billion worth of its own stock in the 12 months ended in june. and microsoft, about $16 billion as well. as for the companies, guys, that get the most benefit from share repurchases, check out this information. because quanta services, they reduced their share count by 27%. h & r block lowered its share count by 20%. and american airlines by 20% a

chu. hi, dom. >> well, melissa, speaking of hunts, do you remember a time, a time when the s&p 500 and everyhad a dividend yield that was less than the ten-year treasury? it wasn't all that long ago but seems like a lifetime. around the tail end of 2007 and beginning of the 2008 before the depths of the financial crisis and fast forward today and the story is a whole lot different with. a ten-year note yield around that 1.58 to 1.6 range area, eight of the ten current s&p 500 sectors pays more in terms of dividend yield. tech yields the least at around 1.35%. meanwhile, the consumer discretionary sector is just about a hair below. we'll say maybe in line with current ten-year yields, but the other eight, they are all above. telecom and utilities have the biggest dividend yield spread over ten-year treasuries themselves. now, this kind of situation has led to all kinds of speculation about a surge in demand for income-producing stocks. as investors really kind of rush to find yield, but so far we haven't really seen a flood of money come into the market to invest. valuations are arguably rich

let's get to dom which you chu floor. >> you hit a lot of key topics overall floor traders talking abouthe idea we're seeing a little action here in terms of the overall stock market. perhaps it's a good thing as we head towards the end of the month. a historically volatile month for stocks. we do see the fractional losses for the major indices except the nasdaq getting out with the dow down about 140 points. if you look at the way the sector story is playing out, what's interesting because of the fed and everything also around interest rates, utilitys had been a month-to-date winner, but in today's trading session as you pointed out because of the oil price story and everything else with opec, energy stocks are the outperformers, only sector in the green today, materials outperformers as well. the notable laggards, tech and financials, people don't like to see that the two biggest sectors in the s&p 500 maybe lagging behind here on an otherwise down day. certainly we'll see if volumes validate that. also take a look what's happening elsewhere with the market because there are some inter

this is why dominic chu is here. dom>> this is why i'm here because our friends at cnbc pro did a search to find out what happens a day after the price of nintendo spikes up like it is today, those u.s. shares currently trading -- they were up about 30% of one point and then apple remembers saying mario game was going to come to the ios platform. now, over the last decade nintendo spiked up by 10% or more six different times. in a single day. on average a month later the stock was 2.7% lower than it was before that. and it was only a positive trade, about a month out a third of the time. so for a lot of traders looking at this opportunity, it may be one where they're saying take some profits here, otherwise keep an eye on nintendo because those shares they're having that pokemon go effect right now, melissa. >> what a spike. dom, thank you. more to the markets and technology than just apple. there are plenty of other stocks out there. which ones could make good investments? we'll get free advice next on "power lunch." ev

dominic chu has the silver lining plays. dom? >> check out what's happening with the big insurance companies like he said. metlife, prudential, lincoln national, hartford in positive territory on the possibility of rising interest rates. remember, seen helping the insurers fund future obligations. the chance of rising rates could help profitability at regional banks. a reason to see m &t and zions bank trying to hold on to gains here. some are on the flat line for the day and retailers also overperforming. if you look at the shares of dollar general, dollar free, kohl's, jcpenney, they're trying to hold on to some of the gains in mid afternoon trading. another this ing to highlight here. the trading tift's been on heavier than average volume. looking at the s&p 500 spdr, etf, it's trading well in excess of normal. trades about 89, 90 million shares. no surprise here. much more traffic in the utilities spdr the slu. bill, kelly, you guys were asking the -- chatting with bob about the idea of why one fed speaker could do it. becaus

dominik chu has been keeping a close eye on the action with the speakers in the room just behind us. dom, jim chanos is up there now. >> he is making at least a bearish case, if you will, for shares of tesla. now, this is nothing new. jim chanos has made comments in the past about how bearish he is on tesla's stock. however, he is reiterating some of those comments right now. he has not told us about a specific trade he would make just yet. however, we do have some comments with regard to what he is saying about tesla and solar city as well. he has basically said that he has made disparaging remarks about corporate governance in the past. "i was being too kind with regard to the proxy with regard to the tesla-solar city merger." he says they have cash burn of about $1 billion a quarter and will constantly need access to capital markets. he also goes on to say this is a high wire act in more ways than one. people aren't paying attention to actual financial statements and the risk to it -- it raises to tes will's shareholders. we're going to keep a close eye on tesla and solar city's stock