And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Of that in about an hour. Apple is sometimes seen as a proxy on consumer spending, entertainment, computer, mass mutual fund reflecting how we all feel and our appetite to buy stuff. Some of this stuff were told could be very, very pricey. Depending how it all lays out, when tim cook makes the announcement, well have a good idea how much americans are willing to fork over if it gets you know, pricey. But again this is not really been a problem for apple in the past, as you have been hearing here. It is the most widelyheld stock on the entire planet. Just amazing. But, all eyes on amy barrett in washington right now, the judiciary committee, taking up her confirmation process to get on the Supreme Court as an associate justice but not without a lot of talking. Not so much on her part, on the questioners part. There are 22 senators, 12 republicans, 10 democrats who have been allocated 30 minutes to ask their questions. That works out to about 11 hours of questions and at the pace theyre
Melissa we havema r blake burman at white house. Edward lawrence at capitol and gerri willis at the floor of the new york stock exchange. What powered this index higher . Why did all indexes finish record territory today . It had a lot to do with trade, positive sentiment on that. Also trump comments and president s comments from the white house on health care. You would have thought more transpare criminal was bad for stocks. Traders said not so. J j trading higher, unitedhealth group, pfizer doing well. Unitedhealth group up 5. 3 . Very good news for the stock. For the week it was boeing, walgreens and disney higher. Disney as you know, saying they have 10 million subscribers for their new disney plus service. Walgreens, weve got lots of folks interested in taking that company private. Now kkr offering to do it. Boeing saying theyre getting the max back into service. So big news there for the dow. I love wearing this hat. Hopefully we can stay above the level. Right, ladies . Neil ge
Street markets just getting to take a moment ago. United health care adjusted earnings per share topping expectations. Also raising guidance, reporting earnings this morning. Also other names including Goldman Sachs and Morgan Stanley. Well bring you those numbers and expert analysis. Both stocks in the banking or, Morgan Goldman trading. Netflix subscriber growth topping expectations last may. Streaming giant with science of billions of dollars on its own content. They start digesting the plans. Interesting wardrobe choice going viral. Well tell you about that. Markets this morning look like this after another record that yesterday. Dow industrials up just a point. S p down a point. S p data point. Nasdaq also down by three points. Major indices closed a record high. The dow inching closer to 23,000, a number we have yet to see. In europe the indices right now in the s p 100 fractionally lower. In asia overnight, markets closed mostly higher with the exception of china once again. Chi
Social economic day on the calendar. Price index, two and a half hours. We will get those number at 8 30 eastern. Global market rally stalling ahead of fed decision, take a look at the numbers, cac quarante in paris. Twothirds of 1 . The others down a fraction n. Asia overniect, markets closing near the flat line. Major averages up just a fraction. Invest or warning from shot, the country reportedly threatening American Auto maker with antiman opoly find. We will get into that. Coal says it will be open for more than a hundred hours straight. Details coming up. Raising millions of dollars for the victims of wild fires. Alan thicke has died at the age of 69, we will take a look at the tributes pouring in. All the stories coming up and joining me to talk about it Fox Dagen Mcdowell and pollster lee carter. Good to see you, everybody. Dagen good morning. Dagen i wish there were cameras in the meeting with the Technology Maria me too. Lee i would like to see their faces before they walk in