CNBC's Jane Wells reports on the rescue efforts taking place in Oklahoma after yesterday's massive tornado; and Meteorologist Reed Timmer reports on a tornado watch currently in effect around Dallas.
Apple CEO Tim Cook is testifying on Capitol Hill today as Senate investigators accuse the tech giant of using a complicated system to shield billions of dollars in overseas profits. CNBC's Eamon Javers has the details.
Yahoo is buying Tumblr for $1.1 billion, and wealthy households in France paid more than 100 percent of their income in taxes in 2012. CNBC's Robert Frank and John Carney discuss.
The LA Times is reporting former Navy Secretary Richard J. Danzig urged the government to counter what he called a major threat to national security, with CNBC's Hampton Pearson.
President Obama says he learned of the IRS controversy along with the public, and 2 hearings into the scandal are planned for this week, with CNBC's Eamon Javers.
SAC Capital's Steve Cohen is reportedly being subpoenaed to testify before a grand jury, and JPMorgan's Jamie Dimon is facing a crucial vote on his Chairman and CEO roles, with CNBC's Kate Kelly and Kayla Tausche.
David Karp just sold Tumblr to Yahoo.com for $1.1 billion, and his share is estimated to be about $200 million. CNBC's John Carney offers insight on what you need to know about him. Bijan Sabet, Spark Capital, weighs in.
CNBC's Sue Herera and Tyler Mathisen take you through the heart of the business day with intelligent and lively debate on the day’s biggest stories, whether they originate on Wall Street or in Washington. "Power Lunch" delves into the economy, the markets, real estate, media and technology –- anywhere there’s money to be made. "Power Lunch" also takes you outside the studio and into some of the hottest spots where news is being made, broadcasting live from conferences, trade shows and even restaurants where the real power lunches are taking place.
Mathisen is a co-anchor on CNBC's "Power Lunch" and is also the Vice President for Strategic Editorial Initiatives at CNBC. Mathisen also co-anchors "Nightly Business Report produced by CNBC,"