i'm mandy drury. whirlpool report earnings, but the company missed revenue forecast so the stock is down about 20% year-to-date including the 9% plunge its seen today. citi is removing apple from its u.s. focus list stating all the events they foresaw in making that call have now played out. interestingly enough, the stock remains a buy. it's currently up by 2.6%. >>> and at&t beat estimates by 5 cents. it also raised its full-year forecast thanks to rising wireless and directv subscriptions and the benefits its seen from cost cuts. the stock, however, ty, is little moved by that. over to you. >> five days to go. cnbc hosts the next republican presidential debate. it's wednesday october 28th live from the university of colorado in beautiful boulder, and today a big announcement, surprising one, from one of the main and best finance candidates, eamon javers in washington. >> the jeb bush campaign is saying that it is battening down the financial hatches, making across the board cuts in its expenditures

mandy drury, we checked mandy drur drury..com is free. >> come over to cnbc and give us a little bitu have going on there. for more go to powerlunch.cnbc.com. ty? >> let's go to dominic chu for a quick market flash. >> we're watching shares of deutsche bank. the stock has take an dip. still positive on the day. this on the heels of a financial times report saying that the bank is said to have again had a $6 billion trade error earlier this summer that was reversed the subsequent day. again, no financial risk was incurred by the firm at least according to this report, but it was more of an embarrassed, a black eye for the company. still deutsche bank shares in the midst of this sweeping reorganization of the company here. now this "ft" store comes out. it caused a slight move in the stock. we'll watch that stock this afternoon and more on "power lunch" coming up. so keep it right here. we'll be back in just two minutes. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the

i'm mandy drury.s of american airlines flying high with the carrier being added to the dow transports at the end of the trading today replacing conway. citigroup out with new coverage of the retail sector making lululemon, tjx, tiffany and urban outfitters its topics. and pandora shares taking a hit. the music service is near a deal to buy ticketing agency ticket fly for about $450 million in cash and stock. despite today's drop pandora's shares are up 15% this year. >> thank you very much. let's look at the home builders. we mentioned them a moment ago. the sector up 8% this year. that's nice. will housing's run continue? institutional investor is out with his latest list of top analysts and steven east from evercore isi was named. congratulations on that honor. >> thank you, i appreciate it. we have a great team. >> let's talk a little bit broadly about the home builders. you like them, they're up this year. do you think the run can continue? >> i think it will continue, tyler. you just look at what

i'm mandy drury. well, it's been five months since moving into the corner office of allianz. 85 million customers and 147,000 employees. they are also the parent to pimco. he joins us now in a "power lunch" exclusive. a pleasure to have you here. >> thanks for having me. >> let's address the elephant in the room and that's bill gross' their 100 million potentially plus lawsuit against pimco. does this lawsuit have merit? >> no, it doesn't. as you can imagine i'm not allowed to comment in detail on the pending lawsuit that we feel is without any merit and the more important thing it dilutes the fact that pimco has done really, really well last year since he's left, and he's spending all its time on serving clients and that's what we should talk about. >> but is it possible that perhaps maybe the culture at pimco needs to be revamped. is there anything that you would change? >> i think it's always different in culture when you have a company when after the -- compared to the time after the founders left

along with mandy drury, i'm tyler mathisen. it is the biggest deal in tech history, yes, in tech history. dell buying emc, $67 billion. the other tech names that could be ripe for a takeover. >>> americans slowly starting to believe lower gas prices are here to stay, but what are they doing with their gas savings? exclusive results of our cnbc all-america economic survey and guess what? you're actually going to be quite surprised. >> and he's one of the most successful sports coaches in history. he was belichick before belichick. he was he was krzyzewski before krzyzewski. sir alex ferguson shares his secrets to successful leadership. >> indeed. but we do begin with that biggest tech deal of all time with dell buying data storage and security giant emc for $67 billion. the ceos of both companies on cnbc speaking about what this merger means for them and for investors. but this mega deal also raises questions about who is going to be next. i hope you've been doing some digging and you have some answers for us josh lipton in san

i'm mandy drury. stocks are currently at session hei highs. united health, the dow's biggest loser earlier today despite an earnings beat and revenue growth of 27% inq3. it has gained back some losses but it's currently still down by 2 ch 2%. >>> and keeping track of netflix. shares dropping like a stone after the service reported its q3 profit fell 50% compared with last year. >>> and general motors reporting vehicle sales fell more than 3% in q3 due to weakness in global markets such as south america. this despite a boom in truck and crossover sales right here in the united states of america. >>> silicon valley has come under a lot of criticism over the lack of diversity, especially women in the workplace. today a major gathering is taking place to tackle that issue head on. julia boorstin is live in houston, texas. what are you hearing? >> well, mandy, i'm here at the grace hopper celebration of women in computing where there are over 12,000 women from hundreds of internet and tech giants here to a

cnbc's mandy drury is here with a market rundown. mandy, good morning to you.e start talking about holidays because it's still way too early for me to talk about it. i know you will. >> yeah. so we got the initial jobless claims that you're referring to as the good data this morning which fell to 263,000 from 276,000 last week. so that's near a 42-year low, and it really does seem that employers at least in certain sectors are keeping a time hold on their employees because it's basically getting tougher to find people with the right skills because the participation rate in the job market is also continuing to fall. so why is the market a little jittery? well, you know, we've got the minutes from the fed's september meeting at 2:00 p.m. eastern. so no one's taking any big bets there. of course we're looking for clarification on a number of things, right? like how close a call was it in september? what exactly do they see as the impact of those developments abroad that supposedly stayed their hand. you know, and also what their view of the job market was because

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i'm mandy drury. here are this hour's power points.inutes of the latest fed meeting set to be released at the top of the hour, so less than ten minutes. it could be a market mover, folks. stocks steady ahead of it. no big bets being made. >>> also netflix was down but shares are spiking up 2% with them raising the price of their most popular streaming plan. >>> and pimco following back against bill gross saying the lawsuit has no legal merit. in the meantime, market flash. >> polly com shares hitting a four month high up 16%. shares are getting a boost as elliott management discloses a 6.6% stake in poly com and urges the company to consider a emergencier with mi tel networks on light volume. polycom has decided not to comment on the filing. >> the fed minutes from the last meeting are due out at the top of the hour. that's 7:30 from now. what were the factors that led the fed not to raise interest rates at the last meeting? we will find out very, very shortly. >>> hi, everybody. i'm brian sullivan. four big stories we're following for

. >> thank you, scott, gentlemen, welcome to "power lunch," everybody, along with mandy drury, i'm tyler mathisen. the biggest ipo of the year trading today but it's barely, and i mean barely, hanging onto its $16 offering price and albertson's delaying going if public. trouble in aisle six i guess. >> valeant pharma shares tanking. >> and investigating the

along with mandy drury, i'm tyler mathisen. the bulls are large and in charge.t now. sgroo shar >> shares of valeant pharmaceutical tanking for a second straight day. now some of the top analysts on wall street that cover the stock are also raising concerns. what they are saying. we'll tell you. >>> and forget the debate over rising interest rates. is the u.s. actually headed for negative rates? what's happening in the u

mandy drury has the latest from cnbc world headquarters. >> reporter: peter, you're absolutely right.his morning. the main event waps the chibz d chinese data with the economy growing at.9% a quarter. that's a growth rate enviable for a lot of other countries but certainly not good in china because it is actually the weakest level since 2009. it was still slightly better than expected which means it might not unleash the big stimulus that some were hoping for from authorities there. mind you, we do take that data with a grain of salt. but nonetheless, it is sort of like a situation where it is not so weak as to immediately get that stimulus the market was wanting, and it is not so strong as for everybody to say well everything's okay. but what it does do is it just keeps pressure on the global markets because china is a big worry and of course we also have lots of other things to concern ourselves with like corporate earnings this week, coming thick and fast. another big event on the world stage is the ecb meeting, european central bank meeting, with the possible extension of ecb stim

i'm mandy drury. 3m shares are higher.ompany beating profit estimates but revenue fell short. 3 misdemean 3m also hoeri lowering the top the forecast. the shares are up over 4%. dunkin brands beating on top and bottom line. calling its 1% same store sales increase disappointing. the shares are down by 3.4%. and stanley black & decker surging by 6.7%. the toolmaker comfortably beating profit estimates. it's also raising it's full year outlook despite currency pressures and economic volatility in a number of markets. >>> let's get to seema mody once again for another market flash. >> one stock struggling to make gains is under armour despite posting its first ever billion dollar quarter. potential margin concerns are weighing on the stock. the company expects fourth quarter margins to decline blaming the higher dollar, rising freight costs. the stock is still an underperformer for the year at 37%. >>> one of the busiest days of the earnings season is under way right now. 43 s&p companies are reporting. let's dig into some bi

i'm mandy drury. no, i'm not. that in the prompter and i told mandy i would read that if it ever said that. the u.s. appeals court ruling that google's project to scan books for a project doesn't violate copyright law. >>> alibaba announcing a proposal to acquire all outstanding shares of online video provider youku tudou. >>> and jarden planning a secondary public offering of common stock at $49 a share. the offer is expected to close on october 21st. it is expected to raise up to $563 million. >>> now over to tyler. >> you know what? i have always wanted to be elder statesman tyler mathisen for a day and now i am. october is actually turning out to be not so scary. if you take a look at the numbers here, the s&p 500 is on pace for its best month in four years. what can drive the market higher? joining me is christina hooper, u.s. investment strategist. we also have jim dunnigan. christina, we're looking at an october which really is perhaps beyond expectations, but are we counting our chickens or maybe our pumpki

along with mandy drury, i'm tyler mathisen. welcome, everyone. stocks losing their big gains.t the major averages have been in rally mood over the past week. and believe it or not, month. >> so what is fueling it, ty, and is the rally for real? the s&p signaling a bullish sign. the stocks and sectors that could head much higher from here. >> one sector that is higher, home builders up 8% this year so far. is it too late to get in? what the number one rated home building

so glad you could with be us on friday along with mandy drury. i'm tyler mathisen.t by china fueling today's rally. the major averages breaking above some key levels. are we headed higher from here? >>> miners are on the move after china's move, which is fueling a number of stocks and sectors this hour. three smart ways to trade china's rate cut. >>> and look at this map. right there. look at the red. it is turning into the strongest storm ever measured. a category 5

cnbc's mandy drury is here. mandy, what's going on?t. as you were saying, the biggest single-day loss with that stock. basically it came out with the news that growth over the next three years will be anemic, around sort of 3% to 4%, and profit would drop up to 12% in fiscal 2017. and as you're saying, if you do own walmart shares, i'm afraid they're down about 30% so far this year. so if you're wondering, well, if walmart's losing, who's winning on the flipside? well, if you just take a look at the shares of amazon, for example, those shares are up about 75% this year. so whether people are just going to online sales instead of going into brick-and-mortar stores, that's one theory. also some people have tried to spin this walmart news as possibly a good story about the economy, saying, well, if more people have jobs, more people are getting higher wages, then maybe you'll be trading up from the discount stores. that's one possibility. at this stage, who knows? but, you know, as far as traders and investors in wall part are earn canned

along with mandy drury, i'm taylor mathieson.s&p up now for, can you believe it? a fifth day in a row. the three major averages now out of correction territory. >> ge is getting a nice pop today up by over 4%. one of the biggest activist investors on the street taking a stake in the industrial giant, so we have three other mega cap

glad you could be with us along with mandy drury i'm tyler mathisen. shares of ferrari

welcome, everybody, to "power lunch" along with mandy drury, i'm tyler mathisen.as going to be scary? the dow on track for the first three-week win streak since february. the s&p on pace for the best month in four years. is this slow and steady rally for real? >> is daily fantasy sports gambling? nevada thinks so. the state banning those sites. what this could mean for the industry ahead. >> and water worries. 40 out of 50 states will suffer some water crisis over the next ten

cnbc's mandy drury is here with a market run down. >> we're flat as a pancake here.y. we're coming off at least the benchmark s&p, the biggest weekly gain of the year. when you have a big gain like that you do expect a little bit of a breather. what we really saw and that was what we want to see continue is that energy and mining companies, commodity related companies last week really saw quite a lot of recovery from what some people thought was very oversold conditions and of course we've been watching crude and the stock market have been quite closely correlated. if crude and commodities can continue to recover, then that could be good for the overall market. but also what we're seeing is a bit of a mood switch. we've kind switched from, oh, my gosh, look at all the bad news to, well, maybe all the bad news is starting to be priced in. in fact the meeting at the international monetary fund over the weekend we saw federal bank officials urging the fed to just get on with itnd a go ahead with that rate hike in order to reduce uncertainty. which had a very interesting

along with mandy drury, i'm tyler mathisen. valeant explaining their business model to analysts.ing that stock a bumpy ride. right now it is basically flat at $115 but this was a 260-some dollar stock not that long ago. >> apple shares taking a hit right now. they begin shipping their new apple tv this week. how big a deal i

along with mandy drury, i'm tyler mathisen. deal in tech history, yes, in tech history. dell buying emc, $67 billion. the other tech names that could be ripe for a takeover. >>> americans slowly starting to believe lower gas prices are here to stay, but what are they doing with their gas savings? exclusive results of our cnbc all-america economic survey and guess what? you're actually going to be quite surprised. >> and he's one of the most successful sports coaches in history. he was belichick before

along with mandy drury i'm tyler mathisen.t stories of the day, of the year, walmart stocks plunging and is bad news for walmart actually good news for the u.s. economy? >> well, while walmart shares struggle fellow dow member nike keeps doing it. that stock is up about 30% this year. nike's ceo meeting with analysts and he'll be with us first after he finishes. >> to hike or not to hike this

along with mandy drury, i'm tyler mathisen. financials out of the way.gs from the biggest sector of all, technology. the fourth best performer this year. we'll tell you what investors need to know. >>> united airlines giving no details on the health of its ceo after he suffered a heart attack, but will decide today on its governance process. should companies be made to disclose the thealth of their tp executives to investors? >>> and do you own a drone? if you do, there will be new government rules affeg.

our mandy drury has more. mandy, good morning. what are we seeing? >> good morning as well., and some high profile sort of sector bellwethers have the ability to knock the entire market. case in point you mentioned ibm is weighing on the dow after the revenue fell for the 14th quarter in a row. it also cut the full-year guidance. once again disappointing the market and pushing shares to levels last seen fik octobers ago. you also have other names contributing to the general lackluster mood in the market, like harley-davidson dropping like a stone. >>> we were talking about this as we headed into the break, all said for another big holiday season. what are we expecting? >> amazon is planning to hire -- for the holiday season. this is a 25% jump, and it's also on top of 25,000 people, but you're absolutely right, it is a sign of the times. if you look at some of the other retailers that are largely brick-and-more tar stores, hiring is expected to remain unchanged. i do a lot of my holiday shopping on amazon as well, so i'm partly responsible. >> your holiday shopping, heck, in

reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ [engine revving] ♪ ♪ ♪ ♪ >>> i'm mandy drurymissing all outstanding patent disputes between them. there had been 20 patent cases outstanding between the two. verisk analytics is replacing joy global in the s&p 500 on october the 7th. they are up nearly 7% as a result. walmart is planning to lay off hundreds of employees at its headquarters in arkansas. this as the retail giant tries to cut costs. the stock is down 25% year-to-date. today it's down by over 1%. >>> let's get another market flash with the very busy seema mody. >> let's look at shares of performance food group up half a percent in its market debut. the food service drkter priced its ipo at $19 a share, well below the expected range of $22 to $25 a share. they sold 14.5 million shares and shares are trading at the new york stock exchange under the symbol pfgc. there you go. a new company to take a look at. >> thank you very much. let's take a pulse of the markets again. the dow down 150 points. the nasdaq off 50. s&p down by roughly 15 points. ben willis of princeton

along with mandy drury, i'm taylor mathieson. the bulls in charge, the s&p up now for, can you believe it? a fifth day in a row. the three major averages now out of correction territory. >> ge is getting a nice pop today up by over 4%. one of the biggest activist investors on the street taking a stake in the industrial giant, so we have three other mega cap stocks that analysts believe have room to run from here. >> and ben bernanke, love the beard, ben, love the beard, ben. he was on cnbc with his first tv interview since leaving the federal reserve. why he says there should be no rush right now to raise interest rates. >> i wonder whether he loves your beard, too. >> i'm hoping. >> the mutual beard appropriation society. stocks extending their recent rally wiping out losses for september. with today's gains they are all out of correction territory. at least for today. the dow is currently up by 1.4%. 225 points to the good there, folks. s&p is up by 26% or points or 1. and the nasdaq is up by 47 points. good way to start the we

along with mandy drury, i'm tyler mathisen. valeant explaining their business model to analysts. investors giving that stock a bumpy ride. right now it is basically flat at $115 but this was a 260-some dollar stock not that long ago. >> apple shares taking a hit right now. they begin shipping their new apple tv this week. how big a deal is it? why it may be more important than the ipad. >>> and about 48 hours to go until cnbc hosts the next republican presidential debate live in colorado. where do the candidates stand on the legalization of marijuana? and what does the booming industry want to hear from them? we'll speak with the ceo of one of the biggest pot dispensaries in the nation. >> we do begin though with the crisis engulfing one of the biggest pharmaceutical companies around. yes, we're talking about valeant and top brass is meteding with analysts today to discuss its about practices after questions were raised by a short selling research firm. the stock recovering from big losses earlier. it's only down by half a percent. let's get more with meg terrell with the latest.

glad you could be with us along with mandy drury i'm tyler mathisen. shares of ferrari soaring on its first day. different story for valeant. the pharma giant taking it on the chin on a report by a short seller. >> western digital buying sandisk. the tech stocks that could be next on the chopping block for the next to be acquired. >> and scott wapner just talked with carl icahn. he's taking his activism to a whole new level and realm targeting corporate tax reform. >>> but we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. a bit of a rally in stocks overall. we're sitting at 12,290 but just earlier today we cracked above that 17,300 mark for first time since the august flash crash. it seems like we're tracking for the best percentage gains since october of 2011 for the dow and the s&p, bob. >> s&p is up 6% for the month. a little bit of a stealth rally. really tina there, is no alternative, no other places to put your money right now. i want to start with the ferrari ipo. $48 to $52 was the pri

cnbc's mandy drury is here with a market rundown. >> not major moves as you can see. 2011 for the benchmark s&p 500. you can expect a little profit taking to kick in today. also what we're seeing is oil is moving higher extending gains with the eia saying u.s. crude output is going to fall through mid 2016. we've also seen crude and the market move in tandem in recent days. by the way, we got the forecast from the imf today, the international monetary fund. it is downgrading its forecast for global economic growth basically it says falling commodity prices and also some very volatile financial markets have raised those global risks and so now the imf thinks the world economy will grow 3.1% this year. that's down from a forecast it made in july of 3.3%. but i think the take-away headline here is that it is the slowest pace since the recession year 2009. so not great. >> mandy, meanwhile disney making some headlines as well this morning. it is going to cost a lot more for some folks that want an annual pass? >> it's hiked its rates for its annual passes. some of those p

cnbc's mandy drury is here with a market rundown. >> the world's second largest brewer has now rejectedival, ab bev. saying the 68 billion pounds or $104 billion offer "very substantially undervalues" it. this is the usual dance. right? but the deal would combine the two biggest brewers in the world. it is taking a while because this is the third take of a proposal that ab in bev has made to miller. they say a miller's shareholder or one of them, altria, the tobacco company, has said it supports the offer. >> they're saying no to $104 billion. >> yeah. it's not enough basically. not enough. >> how's the stock market today? >> we're moving higher very nicely. what we're seeing is crude oil prices rising for the fourth day in a row. and as you probably know, recently crude oil and stocks have been quite tightly correlated. if it is true that crude oil has managed to find a bottom, it's been relatively stable for the last couple of months. that will be positive hopefully for the overall market. but we also got some better than expected results from the likes of pepsico and keep in mind tha