Welcome to power lunch, im contessa brewer. Another strong day for stocks as all three indices look for a winding streak the dow is up about 143 points, a slight pullback from where we were a half hour ago both the s p and nasdaq are on pace in more than six years and both indices up 5 health care the best performing sector today johnson johnson, pfizer, eli lilly among the big gainers. A couple beatendown names moving higher, ge back above 15 a share despite being hit with a shareholder lawsuit and snap is now up 50 so far in february. Three hours left in what has been a huge week for stocks. Bertha coombs is at the New York Stock Exchange bertha it has been quite a big week. Its been two weeks since we had that downturn starts and after consuming a lot of rocky road ice cream, today it feels like vanilla. If you look at the major averages in terms of where they are from their highs back at the end of january, the nasdaq here within 3 of its all time high in january as weve seen a big
Higher again, it has been a sharp rebound from the lows. Futures up 90 on the dow 36 on the nasdaq just under 10 on the s p 500 dow closed above 25,000 again yesterday. How about asia a check on the overnight session. China is closed, right, for the holiday . Yes, the Lunar New Year the Chinese Exchange was closed except for the nikkei you dont believe it until you read it in the teleprompter. I would believe him before the teleprompter did you do fast moneyfast mont night . No, there is no fast money. I knew that i watch around the clock. I do. European equities to check on those as well. Lets see how we are set up for the session here there is the nikkei in japan that was the lone market in asia great across the board for europe strongest gains on the periphery. Italy and spain up about. 08 the tenyear yield, just under 2. 9 there, you can see the rest. 30year, 3. 14, the fiveyear, 2. 639 we were eigall waiting for tt three and didnt get it. It went the other way. You listen to rick.
Temperature at 6 00 of 78 degrees. Thats how we will start this hour. We are looking at probably that is the overnight low. 80 whitestone. 79 ridgewood queens. Staten island you are at 74. 71 white plains to rockland county. 89 to 90 by noontime this afternoon. 90 to 96 degrees. With the humidity, it will feel like 100. Yes, it will be a heat wave. If we hit 96 that breaks the mark of 95 net is 1944, just after the second world war. That record stood for a while. We luck take about how long the heat and humidity will last. Debbie duhaime is in for heather. Bridge. Brooklyn bridge into brooklyn car. The ramps from the fdr are closed to the Brooklyn Bridge. Fdr northbound through the 70s an accident. Look at the solid line of traffic on the fdr north through the 70s. On the 5 train uptown delays 180th. Time. A look at the inbound side of the gowanus, inbound side of the gowanus as we go to the webcams still moving okay. Lets go up to john del giorno. He is high above the brooklyn good mo
We are standing by for the White House Press briefing, sean spicer returns to the podium for the First Time Since the firing of james comey. The president shocking many this morning by tweeting, considering stopping having press briefings and issuing paper statements instead. America waiting to find it out if the president was just making a bad joke. That pressure expected live right here. When it begins, we will take you to it. To your top money news. Today, once again, the continued decimation of retailers and their investors money. Today jcpenney and nordstroms. Not impacting your Broader Market investments. Three major indexes are little changed. The dow down a scant 31 points. A little more good news for your money on this friday. Shares of apple and mcdonalds hitting new records. Owner of darden doing well as we bulk up on pasta. Right now lets get back to what appears to be the sad new retail re reality for investors. Jcpenney wiping out hundreds of millions as sales disappoint.
Jeff bezos is within spitting distance of becoming the richest person in the world. The dow is down by about 20 points below fair value after six sessions in a row of gains. The nasdaq is down by 2. 5. Overnight in asia, well see that the nikkei was down by 0. 6 . Hang seng was flat. As was the shanghai. In europe and early trading this morning, as things get started, most of the markets are weaker. The dax is down by almost a half percent. Cac down by three quarters of a percent. Ftse up by 0. 1 . Markets in italy and spain are weaker. Crude prices are higher after dropping by 5 in yesterdays trading session. Analysts say that extension of opecs production cuts where they agreed to make the extension was already priced in the market was looking for cuts to last longer than nine months or deeper cuts. Neither of those things happened. This morning wti back up by 25 cents. It is below 50 a barrel. A couple big stories were watching. Jim bullard speaking in tokyo overnight and said the p