And lately its proving which. Were talking about technology ocks. Thesi nasdaq com dominated by tech closed at yet another record high today, now on track for the best year in a decade as a matter of fact. Theector as reflected by in etf is up more than 40 so fa this year. And its been helped by a 50 gain in sem conductor stocks and a doubledigit rise it in social media shares. As it happenings the nasdaq was the only of three major indexes to finish higher. Lthe dow f 102 points. Back below 28,000. The s p fell by 1 point. Bob pisani looks closer at techs big run. The markets clearly overbaulgt butot much worry not yet. The major averages chewing in which and eit highsry day. The s p up 10 off 3 trading day this is month. The marketic tecns dont seem crn the market is getting too far ahead of its. There is the fear offis ming out calling it f. Omo. He is that is forefactor the s Technology Store the big leaders in particular. The top ten having big gains above the s p 500. Look. The s
And is there no stopping the house of mouse another Box Office Record for disney well tell you about that and more as Worldwide Exchange rolls on right now well, good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching im Brian Sullivan all right. It is nasty in the new york area i dont know how else to put it. It is cold it is rainy. It is even snowy wherever you are. In fact, careful on the roads out there. The drive in this morning was a little bit slushy, little white powder on the road you have to be little careful out there. By the way, its notonly the final month of the year, final month of the decade. Wow. Futures, theyre decidedly warmer than the weather, dow futures up 100 points right now, up 128 gaining little momentum as early as it is. Do you remember what happened last december . Remember all year pretty much higher on the year heading into the month only to have the worst december since 1931. That sent stocks lower on
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but
Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b
Limits on u. S. Portfolio flows into china by delisting companies here in the u. S. The nasdaq is down by more than a percent. Take a look at the chinese stocks alibaba sitting at session lows down by five and a quarter percent. Eamon has been following this story and joins us reporter my understanding is those reports that cross earlier today got the markets attention are accurate the white house is considering measures that would limit port po folio flows from the United States into the Chinese Companies but and theres a big caveat here. Its a lot of different ideas on the table. Its not clear when a decision would be made or what that decision would look like or what the mechanics of this would be how could this play out in theres one option already out there thats been under discussion thats a proposal for a number of senators. You see them here including senator marco rubio of florida called the equitiable act. What that would do if passed is allow u. S. Regulators to have access