Welcome to dateline london, im jane hill. This week, we are looking at the situation in iran after protests in many cities, and well be asking is President Trump damaged at all by his former chief strategists allegations of treason . Among other things. My guests around the table with me this week Bronwen Maddox from the think tank, the institute for government, formerly with the times and the economist. The irish writer and broadcaster, brian oconnell. The American Writer and broadcaster michael goldfarb, who also brings us the regular podcast frdh first rough draft of history. And the iranian journalist and editor of kayhan london, nazenin ansari. A warm welcome to you all. The United States, as we go to air, has been rebuked by some other members of the United Nations Security Council for calling an emergency meeting to discuss the recent Anti Government protests in iran. China and russia say the unrest isnt a threat to international security. Russia accused the states of abusing it
Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales
Up, and has recouped a lot of losses. Beenlso a big help has stocks trading at a record. As we see stocks here at the highs of the day, and you heard scarlet mention Warren Buffett, ts a cap Archer Hathaway s tradinghathaway higher on the session, and another story on apple that we will be discussing throughout the day is a scoop by our apple reporter sake company is prepared to release a trio of smartphones this year, the largest iphone ever and an upgraded iphone x and a less ed bets of model as well less expensive model. Of thes into the theme tech outperformance we have been watching in todays session. Semi conductors have been outperforming in todays session as well as tech continues to lead gains. There are of number of Telecom Conference is taking place this week so there is of announcements and commentary from this conference is. Volume has been declining to some extent. , you can see the year to date drop and recovery in the s p 500, but volume spiked while stocks were falling
Move welcome, everybody the major average is down right now. The dow falling for the first time in four sessions, wall street socalled fear index, otherwise known as the vix, at the highest level in two months. Apple with a major drag, with fears of plunging iphone x demand the cap has dropped 45 million in a week. The action is really in the bond bond market where yields are soaring. Michelle, welcome back thank you. Michelle carusocabrera. Bob pisani is on the floor of the new york stock exchange. Bob, is it Rising Interest Rates starting to hurt stocks . Yes, for the moment and fears of Interest Rate hikes. Puff reits, on either side of and telecom and Home Building stocks, theyre all getting knocked rather noticeably there. Also interestinvestigate sensitive. Like thanks, figure, not doing too much already, but your regionals not really doing that much so the big debate is will higher rates finally be the catalyst for a pullback we have a bunch of market movers, we have the state o
General election 2015 to use it as an issue to excite African American voters and liberal voters . Guest what we can do is what we did this past week. Imagine almost as they are lowering the Confederate Flag in south carolina, House Republicans decide late at night to make a backdoor attempt to raise the Confederate Flag over our National Parks. Why did they do that . Not only because it is their ideology, but because it was the only way they could attract enough tea party votes to pass the appropriations bill. They did not have enough votes to fund the parks and department of interior. The only way they could do that is to buy the votes of Tea Party Republicans by trying to insert at the last minute amendment that would allow for the raising of the Confederate Flags in National Parks and cemeteries. We stopped it. We went to the floor. We fought them on it. At the end of the day, we forced them not just to withdraw the amendment, they had to withdraw the entire bill. This is another e