Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.
Argue u. S. President s can only designate national monuments, not downsize them. Trump also plans to shrink the Grand Staircase escalante monument. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this. Bloomberg technology coming up, disney takes the lead come emerging as a front runner to acquire the bulk of 20 of a boxs media empire century foxs media empire. All bets are on. Early bitcoin investor offers his take as the worlds Biggest Exchange operators prepared to begin trading futures of cryptocurrency. And next week, big boat on Net Neutrality as pai the starting to go back. Permanent text investor who has been accused of Sexual Misconduct says he is taking a leave of absence from his duties a. Five women who met him in a professional context told bloomberg they were essentially acros assaulted sexually assaulted or harassed by him. One says he groped her at an uber holiday par
Gop leaders delete a house vote for a shortterm budget bill to buy more time to sell divisions to avert a government shutdown. By leaders plan to vote tomorrow. Federal funding runs out midnight on friday. The bill would keep agencies open until december 22. Native american leaders are suing to block President Trumps decision to cut utahs National Monument by about 85 . The coalition of five tribes argue u. S. President s can only designate National Monuments, not downsize them. Trump also plans to shrink the Grand Staircase escalante monument. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Coming up, disney takes the lead come emerging as a front runner to acquire the bulk of 20 of a boxs media empire century foxs media empire. All bets are on. Early bitcoin investor offers his take as the worlds Biggest Exchange operators prepared to begin trading futu
One of the worlds biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. And welcome to power lunch. Im melissa lee. We are around session highs now. The dow, nasdaq, s p 500, across the board, green, nasdaq seeing the biggest gain up 0. 7 of 1 . Transportens hitting new record highs. And hitting 70 first time in three years. Crude just under 65 a barrel. Movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. Software provider bought by a Technologies Company for about 5. 5 billion and xerox up by 4. 5 on reports its in talks to strike a major deal with japans fujifilm melissa, thank you. What else is happening at the house. Epa says fuel economy in new cars in the u. S. Expected to hit 25. 2 mimes per gallon in 2017 vehicles the Senate Banking Committee Votes next week, second time on the nomination of jerome powell. To be your next Federal Reserve chairman. More on the deadly mudslides
Stocks are in the red, at least no now do you as much as check out movers, underarmour, soaring, earnings estimate were met blue apron rallying. And wayfair hitting new alltime highs. Climbsing about 6 in that time. All right. For more on the markets, le ate go to the New York Stock Exchange and check in with bob pisani bob . Tyler, 111 points in the dow, used to be big news a few weeks ago, but not anymore were starting to settle down. Im not saying its over yet advancing to declining stocks. The volume, surprising below average from what weve seen in the last few weeks, volatility is moving in a much narrower range. Trying to find some footings sectors, well, the market leaders used to be slightly to the down side. Banking are fractionally positive consumer staples, defensive group has generally been stronger all day here. Finally were following as interesting story from an anonymous whistleblower who has written a letter to the s. E. C. Alleging we dont have his name or what he does