Good day, everybody. Welcome to power lunch. Im tyler mathisen. Glad you could join us another daily and more records for the equity markets. The dow, s p, russell, nasdaq, you name it theyre reaching historic highs. The emerging markets rallying two, the etf that tracks them, on pace for its best day since september 11th. The airline pushing the dow transports to new highs as well jet blew, delta, united leading the way there. Lennar up about 3 . The home builder beating earn ares estimates. Now making a bit of a come back as you see theyre up 1. 2 . The electric car maker missing those model three goals more on this ahead. Im melissa lee. The National Retail federation expecting holiday sales to increase between 3. 5 and 4 this year. The u. S. Ordering 15 Cuban Embassy officials to leave. This comes after sonic attacks against american diplomats in cuba. Three nobel prices for scientists after breaking gravitational waves. We begin this hour in puerto rico. The president touching dow
B. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. The chair now recognizes himself for five minutes for an Opening Statement. Good morning. Today we are here to get the facts to learn what happened at equifax that led to the personal information of over 143. Americans information being stolen. We must find out what happened. The public deserves to know what happened and what steps are being taken to protect their Sensitive Data Going Forward. Todays hearing needs to shed some much needed information and light on this breach. We have received ashursurances m equifax that mr. Smith can speak on concrete remediation steps that the company took in the aftermath to secure its Computer Systems and protect the affected u. S. Customers as well as what happened when he was chief executive. As chairman of the Digital Commerce and Consumer Protection subcommittee i often speak about the fact that we live in a digitally connected world. That fact of
Records that were set for all the major averages, as upbeat car sales and expanding growth across the globe helped to lift stocks once again. The Dow Jones Industrial average rose by 84 points, closed at 22,641. Nasdaq added 15. The s p gained five. And the rally isnt just here in the u. S. Its happening pretty much everywhere, as bob pisani explains for us tonight. Reporter stocks remained in record territory today as the socalled reflation trade continues to power the market to new highs. Reflation means expansion of the global economy, a little bit of inflation, not much. Central banks talked about raising rates. In t united states, the prospect of tax cuts boosting corporate profits in 2018. Stocks have been rising in europe and asia as well. Japan hit a twoyear high today and stocks in hong kong were also near a twoyear high. The effect of this reflation trade is that many sectors have been rallying, particularly banks, which do better in a rising rate environment, energy stocks,
Appearances this week before a congressional committee. And he let off a house commerce subcommittee this morning. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. The chair now recognizes himself for five minutes for an Opening Statement. Good morning. Today, were here to get the facts, to learn what happened at equifax that led to the personal information of over 143 million americans information being stolen. Americans deserve to know what equifax is doing to fix the problem and help individuals that are impacted. Well find out what happened. The public deserves to know what happened and what steps are being taken to protect their Sensitive Data Going Forward. Todays hearing needs to shed some much needed information and light on this breach. We have received assurances from equifax that mr. Smith can speak for the company on concrete remediation steps that the company took in the aftermath to secure its Computer Systems and protect the
Functions on a daytoday basis. Sunday night. On q a. Today on capitol hill, richard smith, the ceo of equifax gave the first of three Straight Days of hearings to address the data breach that exposed the private information of a hundred 45 Million People. The subcommittee hearing runs about three hours. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. The chair now recognizes himself for five minutes for an Opening Statement. Good morning. Today we are here to get the facts to learn what happened at equifax that led to the personal information of over 143 million americans information being stolen. We must find out what happened. The public deserves to know what happened and what steps are being taken to protect their Sensitive Data Going Forward. Todays hearing needs to shed some much needed information and light on this breach. We have received assurances from equifax that mr. Smith can speak on concrete remediation steps that the company