A number of Hedge Fund Titans betting on it. Should you . Power lunch starts right now. Welcome to power lunch. Stocks are holding steady. The nasdaq and s p 500 setting new record highs. The dow swinging between gains and losses right now but in the green at this moment. Tech and Consumer Staples holding up. Check out some of the movers now. We have chinese telco actually its sina, a web company, trading at levels not seen in more than five years. Staples and Dicks Sporting Goods down big after their results. Home depot a real bright spot in retail on the back of better than expected earnings. Twitter spiking higher on news out just minutes ago that cofounder biz stone is returning to the company in an unspecified role. Brian . Mel, thank you very much. We begin all of this at the white house. President trump and turkish president erdogan about to deliver a joint statement. Eamon javers is there as well. Eamon . Reporter yeah, brian, theres a lot to watch for here in this joint statem
Lately, we have a debate with a bull and bear on whether home depots fortunes can last. Thats coming up. This is a catchy tune, though. Im kind of digging it. Its a good one. It may help mortgage place, lending tree, its up more than 50 this year. The ceo joining us to talk more about that on a first on cnbc interview coming up. By the way, dont adjust the sets, im wearing my gene simmons kiss platforms today. Thats why theres a height difference. The latest from the white house, some members of the Republican Party concerned about what the President Trump told russian officials. Well look at why u. S. Stocks dont seem to be phased by all the drama coming out of d. C. These days. Starting, though, with a new bank of Network Report thats calling the most crowded trade in the world right now, the nasdaq. Tech heavy index, of course, as you know, hitting record after record, in record territory right now, as a matter of fact, and the latest 13 filing shows hung Fund Managers are piling in
Well explain. The nasdaq is closing in on all time high. The 33rd record high of the year. Its only may. Thats the most since 1999 for the index. Now the nasdaq is the most crowded trade, at least according to banc of america, a new survey of global fund manager. 26 of those surveyed are long the index. The tech giant continues to dominate, am son, netflix, google. Hedge funds are piling into the big names too in the first quarter. Even steve eisman said he is long facebook andmazon. Is the tech room more crowded or more room to run . I think theres more room to run. You look at the technology stocks, whether its the apple, microsoft, you go down the list. You start to look at these companies, some of them are a little higher. I think we have to reprice or how we look at these companies in terms of what the valuation really should be. Are they valued as this kind of a company or that kind of a company . As they move to cloud and other areas of growth, i think that changes up the dynami
Highs. Yesterday the ftse100 hit record highs. This is how shares are trading across europe right now. Well talk you through the winners and the losers. How to avoid dodgy digs and Rogue Landlords. We will get the inside track on a site that lists 8,000 beds in 400 cities and theyre all for students. Has the laptop ban on planes affected you 7 for students. Has the laptop ban on planes affected you . Has it changed where and how you fly . We will talk about it on the programme today. So let us know your thoughts. Just use the hashtag, bbc Business Live the hello and welcome to Business Live. Today eu and us officials are meeting to discuss a potential extension of the laptop ban on aircraft. In march, the Trump Administration imposed new restrictions which prevent us bound travellers from carrying Electronic Devices larger than a mobile phone into the cabin. The original set of restrictions affected flights from eight mostly countries including turkey, egypt, the United Arab Emirates a
Could all be a myth. Researchers looked at the Health Record of more than 3 Million People, Casting Doubt on the theory that some people can be healthy, despite being overweight. And she was famous for her Trademark Headscarf and pinny, now coronation streets hilda ogdens Trademark Items are going under the hammer, good morning. Its wednesday 17th may. Im Annita Mcveigh welcome to bbc Newsroom Live the white house has denied reports that donald trump asked former fbi Directorjames Comey to stop an investigation into the alleged links between one of his senior advisers and russia. Mr comey, who was sacked last week, is said to have recorded the comments in notes taken after a meeting with the president in february. David willis reports. Following a meeting of his Security Advisers back in february, President Trump waited for other officials to leave the room before taking then fbi director james comey to one side. The previous day, his National Security advisor, Michael Flynn, had been