Brian, thank you and welcome to power lunch im Tyler Mathisen big rally. The dow soaring triple digits. It would help the nasdaq avoid the first four day losing streak since november of 2016 now brian talked about the treasuries yields pulling back just a little bit. Lets see where they are right now. The 10 year note at 2. 91 thats down just a bit results of a 29 billion dollar auction just moments away. Could be a market mover. Sometimes they are sometimes not so much. Most stocks are up but these three are down seriously roku plunging, missing profit. 17 , man you dont like any part of that. You dont want any part of that. Missed estimates, guidance wayfair. It says tanning. Wayfairs not tanning, that would be tanking down 20 the company reporting a wider than expected loss and pandora taking a hit Music Streaming Service also posting a wider than expected loss despite the fact that i was listening to it this morning. Thanks. Lets get more on the trading action this hour bob has the
Thanks ge aside, its rally on, garth the dow and s p up again today what correction . Because at session hides, the nasdaq wiping the 7 a 5point loss from the february 1st close to the february 9th low . Off the books. Stocks may be being po receding a bit today as many of you listen on this sirius xm, this is for you, shares up after more than a decades. The barrons article, this is cooler than the lithium channel. Bobbi sani is on on the floor of the New York Stock Exchange hey, bob. Hello, contessa we are seeing some nice moves up, near the highs of the day. I just want to point out this is the second day in a row we moved up. This is opposite of earlier last week when we went down in the middle of the day. So s p is sitting near the highs second day in a row. Theres three things that are happening. First, we are healing fast we moved down 10 . That second circle there is the bottom on the ninth we havent seen this in a while about amazon, netflix, adobe, and jpmorgan with a 52week
Squawk alley is live. Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla at post nine facebook is up 4 after reporting the earnings beat as revenue and price per ad increase Mark Zuckerberg says people are spending less time on facebook and thats not a bad thing take a listen. I want to be clear. The most important driver of our business is never been time spent by itself. Its the quality of the conversations and connections. And thats why i believe this focus on meaningful social interaction is the right one joining us this morning, Henry Blodgett and mark may, an analyst at citi. Good to see you both good to be here mark, its looking past these quarter on quarter declines. And assuming ad buyers will say this is better for the product it should be. I anecdotally, i dont like to invest in anecdotes, but im seeing a better news feed myself in recent weeks. More friends and family content, more content thats less controversial. You know, more relevant to what i like and
Going to the movies. New rules in place. North America President out after less than a year. Coming after an internal investigation of inappropriate behavior. Twitter taking up conservatives. The Company Facing backlash this morning after his most recent purge of automated accounts we told you that yesterday. The stories coming up this thursday morning. Fox business albert Dagen Mcdowell. Former republican president ial candidate steve forbes is here and Fox Business Networks Connell Mcshane. Hey, good morning, maria. True do how are you, thanks for joining us. Whats going on this morning . The whole thing about the stock market. One is will the fed try to hurt this economy thinking its getting overheated air bubble happen to the dollar. Where did it go for now in trade, are we going to blow up nafta . I dont think we will, but that weighs on the market, too. Maria that is our top story because futures pointed to a lower opening fund release of the latest Federal Reserve meeting minute
Is here to explain chris harvey is our guest. Just when you thought it was stave to go back into the market the market taking investars on ride again it surged 400 points but the last few minutes a different story, stocks getting crushed losing 300 points in 15 minutes of trading the cause, potentially higher rates. Folks, it looks like we are going to need a bigger boat, or a bigger bank account. The ten year yield surging past 2. 85 . Which weighed heavily on the market today with 1,000point swings in a matter of moments, the type of volatility we have not seen in years. Guy adami . Yes, sir. The longer this goes on, mom and pop are going to read about it on the cover of u. S. A. Today. Should they feel safe getting into this market safety you are implying that volatility makes the market less safe. It just makes the market more volatile i think in terms of safety, stocks are a Collateral Damage of whats going on the stock market is intact whats not intact is that the volatility is b