Join us for his first interview since trading began. Its a good day. The showdown between the u. S. And china over tiktok and wechat is coming down to the wire the white house saying downloads of the app will be halted on sunday get them while you can if you want them. We have the latest details power lunch starts right now as tyler mentioned, were watching big intraday sell off in the tech stocks the nasdaq down 2 apple down around 3. 5 lets bring in dom were just hovering right above the section lows thats sell off accelerating throughout the course of the last hour on the exchange. The dow industrials down 331 points over 1 declines 1. 5 for the s p 500 and in nasdaq continuing that volatility we have seen as of late down almost 2 here here is a key level to watch 10,995 what that represent s the 50day average price for the nasdaq composite. Remember, were still not that far away from record highs we will continue to monitor whether we find a bid. Some would argue the valuations are
Environment of being able to write your state and local taxes off. It would hurt millionaires in the state if you added a tax to them, give them another reason to leave the state. Chris christie by the way bemoaned that. Be that as it may, well get details from the governor shortly. Expected to be imitated across the country by other democratic governors coming in. Virginia is looking at that. A virginia democrat taking charge on saturday. Way too early to tell where all of this is going. What is not too early, look what is happening at corner of wall and broad for the second time this year the dow hit another milestone. Weve been in and out of it since. Now 25,971. This is seven trading days after 25,000. By the way it is the 8th 1000 point milestone since election day. The 7th since the president was inaugurated. Among some of the companies were looking at moving up smartly, a lot of people say based on tax cuts that are improving the bottom line, United Health an citigroup, merck al
There are a lot of webbased products providing advice to folks. Many of whom are people who dont have the Million Dollar nest egg but have a nest egg that is far smaller. And so you know theyre pretty smart people over there. They had a new regulatory environment, and they have been figuring it out. And innovation has emerged. I think folks around here are pretty smart too. Were no less smart than the brits. And i think we can figure it out too. And so you know, the miracle of compound interest is a wonderful miracle. However, the flip side of that, which is not a wonderful miracle, is, that you know, the tragedy of come found fees and costs, can linger, like a chronic illness for a retiree. And when youre talking about 26,000 a year, for this family, do the math. Do the comparison between that and an index fund or some other instrument, that was pretty simple. I think we can do this. I think this is one of the most remarkably important things that we can undertake in the remaining 650
So, were not saying were going to see it this month, necessarily, but we are off to a down start for the month so far. Sure well get into that and market reaction. Plus, exclusive reaction to the selloff with pimcos bill gross. He has an eyeopening opinion of how investors should be playing this market. Hell tell us what keeps him up at night. The minimum wage is back in the news. We have a fast food worker walkout scheduled for tomorrow. The president was demanding an increase in the minimum wage. Today well talk to a major e c exective to a major food chain about what would happen if they were forced to pay all workers 15, which is essentially double what most fast food restaurants pay. What do you do . Cut jobs . Make burgers smaller . Sliders for everyone. With the dow off about 60 points, off the low of the session. It was down about twice as much at that point. The nasdaq only off about five points. The s p 500 off three. Interestingly enough, there have been some social media na
Yesterday. This morning you see green arrows across the board. The dow indicated to open up by about 63 points. S p futures are 8. 5 points above fair value and the nasdaq up by more than 22 points. The bond market, the tenyear note is yielding 2. 722 . And check out the dow utilities. That index closing at a record high for the first time in six years. It added three points to close at 554. Yes. Well see what happens today. Lets get over to andrew right now. He has more of todays top corporate stories. Andrew, good morning. Good morning to you, becky. That whole Net Neutrality issue may be over. Netflix will pay verizon to deliver Faster Service for delivery of its movies. Netflix struck a deal with comcast to pay for faster delivery over the internet through a practice known as interconnection. Weeks later, Reed Hastings came out, saying he reluctantly agreed to pay the fees so his customers would get better service. Now its a trend. Prices of netflix may be going up as well. Thats t