New data and uncertainty over tomorrows opec meeting. Well be leave in vienna with the latest porsche is unveiling a new model today. Ceo will be joining us in a first on cnbc interview coming up but while the dow and s p started off the session with alltime highs yet again, the nasdaq has been falling all day and Companies Like netflix, apple, amazon, theyre seeing big declines bertha combs has the news. So are the big tech cap stocks, investors calling it the great rotation today theyre taking profits on names that have run up so fast look at autodesk thats a case in point today, trading at alltime highs yesterday, tumbling on an earnings missed also announcing a 13 work force layoff, thats sending some jitters as well in tech. The biggest source of pain though overall is the sector now the Semiconductor Index has been leading the charge to alltime highs here at the nasdaq the index closing at a record high led by micron and invidia, both doubled this year invidia today seeing a chal
A next the next gear. Yeah, if you went out for lunch, like came back and checked the market, you went, what the heck happened yes. Ooersheres a look at our se heat map energy dealing well, had of course the opec extension, industrials, financials, goldman the best performer in the dow. Those are all the big winners. Ug the ten year yield is creeping up a little bit today. Real estate also in the red. Coming up, well go to washington for an exclusive interview with senator Chuck Grassley about tax reform. Chairman of the Senate Judiciary committee. The dows rise, 24,000, has been rapid compared to other big milestones a few of the signature trader hats for each milestone on set with us here courtesy of our friend, the trader peter tuchman, one of the most famous traders on the floor, looks like albert aeinstein if we can zoom out for a second, so we crossed 20,000 january, we crossed 21,000 on march 1st. That day was sort of reminisce soent of today crossed 22,000 in august crossed 23,
Lying to the fbi, prepared to testify against President Trump, nbc something nice has yet to verify at any rate, down sharply. Now weve come back. There was a lot of talk about tax reform, stocks recovering the early losses, tax reform appears to gain no men tucmomenm the latest from washington on where this bill stands coming up in fact, lets get straight to the big news in d. C. Hitting the markets today. It is the fall yout from the guilty plea of former National Security adviser Michael Flynn eamon javers joins us with the latest at this hour. Reporter kelly, we got news in the past couple minutes here reported by nbc news that two officials tell them that Jared Kushner is the official who is listed in the criminal information surrounding Michael Flynn guilty plea today as being a very senior transition official who advised mike flynn to get on the phone with officials from various countries around the world to talk about a u. N. Sanctions problem that they had back during the pres
Assets mario has a different idea hell tell you what it is coming up. Excitement over tax reform is helping to fuel todays market gains, Murray Energy ceo whos been a supporter of the president s says the senate bill is, quote, a mockery of tax reform, and his companys taxes will go up under this plan hell explain and make his case. Then pancreatic cancer one of the most deadly forms of cancer out there former Nbc Universal chair bob wright will join us at post the, talk about his new rush to take on a new push. Hes rushing on this, too. Oh, yeah. Hoping they can get an Early Detection test out there on pancreatic cancer. Lets start with todays rally, though. Dow was up 300 early on, were about half that level right now. Bob pisani has more here bob . Good news, folks, we are acting rationally in the last five or six days so the sectors in the stocks that might see the biggest earnings boost from the tax cut are the ones that have been moving the most in the last five, six day. Its hap
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov