Called them breath taking. They really are, because whats happened is theres a recognition that perhaps there is a cycle dynamic that had been hung up. There are a couple of stocks that really did matter micron, lamb research, companies we thought they were going to peak and i was asked what do i have to do that we shouldnt be at 13 times earnings and how do i explain to people that the cycles should be longer and the reason why thats not the case is the data center ive had everyone from the real estate data trust Investment Centers to the people talking behind the sales at the sales forces, and the work days. I mean, the data center is real. The Cloud Adoption is real and the Cloud Adoption is so much earlier than i thought we were i thought pretty much everyone had gotten to the cloud. It just isnt the case, so theres real demand, and the demand is shocking. So you look at the stock moves. Lamb up 9. 5 and nvidia, also one of the stocks you mentioned this morning. Nvidia is insane. A
Wall streets rally set to continue at the open. Futures pointing to some new records. Plus at north korea continues to strength threatening missiles making it first major deal. Its going to buy missile and rocket maker orbital. The Credit Agency new of an Online Security flaw months before that massive data breach. First up, stocks are aiming to set some new record highs after the s p hit 2500 for the first time ever. Dow coming off a fourth Straight Record close capping its best record week of the year and the nasdaq posted a record high on friday. All of that jim as were on the lowest volatility over four days in the s p ever. I think a lot of what happened last week as the algorithms were just befuddled. We had this moment where there was peak transport, all these groups are really roaring. We do not understand i spoke with insurance people this weekend. I dont think people realize how much money is coming with the rebuild. Theres just an incredible number of every car part company.
Meddling well discuss the potential impact for facebook and for the other big tech names. Speaking of big tech names intel Ceo Brian Krzanich will be here for an exculusive interview about the companys new Autonomous Vehicle partnership with alphabets waymo unit that will be coming up a while from now. That will be very interesting. Plus, find out whether a nearly 8 billion Missile Defense deal could signal more deal making on the horizon for the Defense Industry which is enjoying alltime highs in this market today. Lets start, though, with facebook feeling more pressure from washington over those russian ad buys ahead of the election Julia Boorstin has the very latest julia . Reporter hey, kelly. Facebooks under fire for recent revelations that russians bought ads on the social network to influence the president ial election House Intelligence Committee Ranking Member adam schiff is calling on the company to testify before congress saying im distressed it has taken us this long to be
We track it. Talking to an official down there. Looks like progress is finally being made in congress on two of President Trumps biggest agenda items, that would be tax reform and replacing obamacare. We head live to capitol hill for the latest details on that. We also have fedex, adobe, Bed Bath Beyond reporting earnings after the bell today, a few days sinces weve had bigger earnings to recover. Well bring you instant analysis as soon as the results are released bed, bath down 2 . Fedex getting ready to raise rates. We begin with Hurricane Maria gaining strength yet again heading right toward puerto rico w wtvj meteorologist Steve Mclaughlin with the latest. A couple days ago the storm was what we call 96l, a big storm in the ocean by saturday 5 00 pvm, it was Tropical Storm marine ya, sunday 5 00 p. M. , Hurricane Maria last night at 7 45, category 5 with winds of 160. That is where we are right now the track right across the Virgin Islands especially st. Croix as a major hurricane,
All the latest details for you. After the bell, nike will report earnings. We got a debate on whether the stock is a buy ahead of that release. We begin with all of the news how ut of washington. Cnbcs john harwood is in d. C. With developments on the effort to repeal and replace obamacare. Ylan muil has the latest on the tax reform eamon javers, details on the press conference with the Prime Minister of jane Janet Yellens speech this afternoon. John, lets begin with you. Wilfred, today it became official what was obvious yesterday when Susan Collins became the third republican to oppose that Graham Cassidy block grant bill to repeal and replace obamacare. Turned tout be three republicans who caused them to pull the plug rand paul of kentucky, john mccain of arizona, Susan Collins of maine other opponents as well. Many states including the states of these three senators lost money under that plan. Remember, this is a plan in 2026 would have taken away 215 billion that the government is