Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales
To the fed minutes. Yes, the initial impression was that they were hawkish. Now perhaps the market reevaluating that to some extent. We will get more on where this market and the economy is heading from none other than mohammed el erian. He is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. And another tale on the any might be new data that Shows Americans are starting to struggle with paying down their auto loans. This coming after taking out record high amounts in car loans. Some with iks isyear, sevenyear terms. Phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. Now lets take a look at these markets. We did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. The nasdaq is up just about a point to 4528. And the s p w