Good morning. A warm welcome to Worldwide Exchange here on cnbc. Im wilfred frost. Good morning. Im seema mody in for sara eisen. Always good to be about your side. Lovely to have you with us. U. S. Futures, interesting picture now if youre waking up. A mixed open were calling for the dow up 24 points. Nasdaq up 5. After surpassing 6,000 for the first time ever. S p 500 basically flat on the day. Keep in mind markets did rally yesterday. The dow posting its second consecutive day up 200 points. Intraday the dow ticked above 21,000. So far a positive week for equities, today the trump tax plan will be in focus. Will there be a reduction from 35 to 15 . The other big question what does that mean for the federal deficit . Will it go up if the plan is not revenue neutral . Lets look at the tenyear treasury note. Yielding around 2. 325 . The other thing to take away from markets yesterday. 9 out of 11 sectors were positive led by materials. It was broad and the performance was better than e
What happens if regular investors actually begin to buy individual stocks again . Its something we need to consider as the averages hit still one more alltime high records. Down gaining 66 points, s p advancing. 45 , nasdaq climbing. 64 . Another ton of statistics showing an almost inexorible decline in the interest in the stock market as a whole. There are entire outfits that exist to scare you out of picking stocks, telling you that its a fools game because of the dreaded singlestock risk. They say youre worried that you could buy a total loser and it would destroy your nest egg, which is why theyre so eager to sell you this night etf that will sell you the both winners and loser. But theres something afoot now, after nine straight sessions where the nasdaq has rallied a total of 4. 7 , theres something going on, at least anecdotally these days when im stopped on the street by random passersby, im beginning to get actual questions about lots of individual stocks again. Not hows the m
This hour. Microsoft rolling out 3d capabilities in the latest windows update. Home sales unexpectedly climbing in september, up 3. 1 . Stocks roll off their session lows at this hour, the dow was down triple digits at the open. Nasdaq still in the red, the other two averages have gone green. Melissa . Thanks, michelle. Welcome, im melissa lee. Power lunch coming to you coast to coast today. Brian sullivan is live for us in sunny san diego. Whats on tap . Thank you very much. We got a big two hours for you from one of the biggest investment conferences in the united states. Jeff kline coming up, he says there is one big potential positive for the stock market that nobody is talking about. Well find out what that is. What is the overall mood here. Are people nervous . Bernie clark will join us. Big thinker, novelist, generally smart guy, Malcolm Gladwell, your guest coming up as well. Well talk about the markets, talk about the economy, and well talk about why college is actually so exp
Getting you more prepared if the fed decides to take action this month. You can protect yourself with a little more cash than you currently have, but not anything wholesale, not anything dramatic. I am not in favor of that. If anything, i suggest you stay the court if youre a home gamer. I want to explain to you why i feel were facing a decline of moderate proportions, one worth riding through if you can stomach it. Only the super nimble need to take action on what im about to tell you. Let me explain to you how i envision the risk reward versus some of the other declines weve seen in the last eight years. We have had several major selloffs during that period, and each one has had its own coloration. But only one was worth selling a majority if not all of your holdings into. The actual decline that cut the averages pretty much in half. Yes, the Great Recession decline. Thats the tremendous one that occurred when so many of our institutions, mainly household financials but also many ind
So the value of waiting for a better time to sell. That said, i want to spend a lot of time on this show tonight getting you more prepared if the fed decides to take action this month. You can protect yourself with a little more cash than you currently have, but not anything wholesale, not anything dramatic. I am not in favor of that. If anything, i suggest you stay the court if youre a home gamer. I want to explain to you why i feel were facing a decline of moderate proportions, one worth riding through if you can stomach it. Only the super nimble need to take action on what im about to tell you. Let me explain to you how i envision the risk reward versus some of the other declines weve seen in the last eight years. We have had several major selloffs during that period, and each one has had its own coloration. But only one was worth selling a majority if not all of your holdings into. The actual decline that cut the averages pretty much in half. Yes, the Great Recession decline. Thats