Today. The single most important piece of information that they release. The dow gained 29 points and the nasdaq fell. The market is down right shocking the bank stocks have been rallying for days since the economy is red hot hot enough that the fed might have to raise rates repeatedly the hope of fast paced rate hikes have been driving the financials higher and i have told you that the financials are the most important leaders of the sector out there not tech, not health care. Not even industrials but the fibs as we call them is to help the Banking System with a big job loss in retail, no doubt thanks to amazon and online brethren the industrials and the transports caught fire the former because maybe the fed wants to strangle the rapid rate hikes but a lot of the transports are connected to the ecommerce throw in the big pushes from the Analyst Community from amazon and apple, two of the market generals and you get new winners all plumped up to feed the beast. So can the beast contin
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, maria. Think about the last 30day period i know. Normall
Welcome to power lunch. The dow took a triple drop when donald trump junior released an email of his plans to meet with a russian attorney that apparently had information about Hillary Clinton. The major averages have mostly recovered. The nasdaq back in positive territory. Higher by 3 points tyler . I thank you very much im Tyler Mathisen we begin with the latest developments on that email drama involving donald trump junior, russian interests, et cetera, et cetera. Kayla tausche live at the white house. Reporter the existence of these emails first reported by the New York Times and later tweeted the enfire chatire chaid appear to show the motivation for the meeting that the president s son took in june of 2016 with a russian attorney said to be connected to the kremlin. It would seem to support that the purpose of which was to obtain incriminating information about Hillary Clinton, then the president s opposition in the president ial election. According to these emails, a publicist w
Its unbelievable. Stocks soaring after the president s address to Congress Last night. Well go over what he said that has investors so excited today. Up 350 points. 12,000 f 21,000 for the first time ever. We passed 20,000 35 days ago. It was january 25th. Seems like calendar days . I guess. I dont know. Its been so fast. Its very fast. The quickest one ever, was it 21 . It was back in the 90s. We have dow components like apple, home depot, 3m and visa trading at record levels. Financials leading the rally. Goldman, jpmorgan and wells fargo hitting alltime highs. 3 trillion of wealth has been created in the stock market since the election. Well talk about whether there are still opportunities out there in this market. Thats a lot of dough. Not a bad day to price your ipo. Were expecting the parent company, snap, to come out after the bell today. Well bring it to you as soon as it happens. With the dow powering over 21,000 for the first time ever. Insights from bob pisani who has been w
Believe me when i say because of a huge corner of netflix, this could stay on a decline and move up nicely. Dow climbing. S p climbing and nasdaq climbing 72 . I know there are some people who will try to ascribe any strength to the market that the central bank will announce an initiative. Buy a lot of assets. Get europe going. These tend to be the same folks who think every move up or down are the same. Were all a bunch of puppets here right . If europe matters, it can only matter negatively. I wont mean a ching without the german nation saying they want to help out their neighbors. Remember, their probalance budget, thats something that Angela Merkel aka in a pant suit prides herself on it. Other people say that because Interest Rates could be going a little higher stocks might break out of their funk because that would be a sign that the world is not coming to an end. Sorry. The world not coming to an end is, again, not a reason to buy stocks. Finally, you know what i heard what the