Patients the billionaire Tilman Fertitta will talk about what a second waver could mean for his business power lunch starts rite now. Thanks the Broader Market is lower. The nasdaq isnt it crossed 10,000 just a few minutes ago. Lets get to bob pisani. We did hit the 10,000 level it was led by semiconductors we saw nvidia doing well dont kid yourself, theres your 10,000 off of that its still a nmegacap rally. Good day for amazon. Good day for facebook and alphabet good day for apple as well microsoft is the lone laggards and that is up about 1 overall here we sort of reversed. The banks, the retails and industrials have led the charge for the last week or so. Thats not the case today. Were back to the old meg cap rally and the banks down the retail down. Energy stocks down industrials down all this follows a rather predictable pattern in last month or so as these cyclical names for big for the last 6, 7, 8 trading sessions on the down side we keep mentions all of these. We call them ret
Midwest. Will be b here to give us a consumer check as power lunch begins right now welcome to power lunch. Im contessa brewer. Check out where we stand after hitting record highs the dow mostly in the red thanks to boeings move lower the s p barely hanging on to the green. The nasdaq again, still in the green, but barely hanging on to the gains. Take a look at these tech heavy weights which have been b leading the rally. Facebook up half a percent dpo google up a half a percent the dow crossing 29,000 for the first time today though it is off that level right now. A handful of stocks responsible for this latest leg of the rally and bob pisani is taking a look at those names hard to believe it was only a couple of years ago we were at 20,000 so i want to show you whats responsible for moving the dow from 20 to 29,000. Concentrated, but not as much as you might think. Apple not surprisingly 15 of the gains is through the apple. Boeing, 13 . United health care, visa and microsoft. B abou
Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett
Making money. So the dow retreating here, crossed the 29,000 mark for if first time ever, pulling back just a little bit. The other indices are higher this as the jobs report coming in with some positive reinforcements i think about our booming economy. Here though to help me break it down is Phil Blancato and also brian wesbury. The jobs report, brian, your overall theme for that and what it means going into the new year. 144 is weaker than last months 266. We had a few minor downward revisions, but anywhere from, you know, around 150 to 200,000 is enough to keep the Unemployment Rate down. This year the feds not going to be raising rates. The tax cuts and deregulation are still kicking in. Profit margins are high because Technology Keeps reducing the cost of delivering goods and services, and when you put that all in the bucket, i think this economy not only accelerates this year, it is not going to grow 4 . But earnings are going to go up 10 to 12 percent, and that means the stock m
Her writing has appeared from the new york times, Washington Post and Huffington Post in the first book she also has a second book coming out in 2020. To ask the question what is happening to faith in america . And 70 percent consider themselves christian of some sort and is the multi genre investigation of the division our country is facing. I dont want to spoil anything else but it is a very timelyy book. Without further ado please lehelp me to welcome our author. [applause]. Hi. Can everybody hearo me okay . Im used too doing midwestern events and a lady says please talk louder. I am talking about is i want to athol. Say do you have any questions say yes that i felt that after that reply had to was cspan also acknowledged the shirt i specifically wore for washington dc because for some reason you have to come here to be president. L[laughter] i want to tell you the origin story of the book because this is a book about religion and you dont really want to hear me read a book about re