In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as well. I mean, i know they had put a hold earlier when huawei got added to the intent tis list here in the u. S. Is ther
Welcome to power lunch. Stocks are lower at this hour and dow and the s p 500 slightly higher telecomes are the best financials fedex more than 300 and wild trading day for bitcoin plunged 10 earlier and sinking again now. A lot of news. Hackings, bankruptcies and selling from a major player. Well dive deeper into it. Blackberry the company topping expectations and 2018 revenue and stitchfix, however, tanking. The Apparel Company increasing its Customer Base but its bottom line was impacted by higher costs. And chipotle taking a drop the stock is lowered by more than 2. 5 . Brian . Michelle, thank you. We begin today with the latest out of washington, d. C. The tax bill passing, again. All the angles of that bill covered. Abram at the president where the president is expected to hold a tax bill event at 3 00 p. M and kayla is on the next big story. Thats a funding bill to keep the government open. Lets start with elan. Brian, it is Done Congress has now passed the most sweeping rewrite
General assembly our Michelle Carew sa cabrera is on the scene to recap what we just heard michelle hey there, carl a fiery speech where he called out specifically north korea, iran, and venezuela and called for the great revival of nations. Used the word sovereign and sovereignty over and over again, reiterated america first, as he did on the campaign trail, and also during his inauguration speech one of the big headlines will most likely be on the headlines in all the newspapers tomorrow is when he said if its forced to defend itself, United States for its allies, we will have no choice but to totally destroy north korea. Rocketman is on a Suicide Mission for himself and for his regime he referred to north korea repeatedly as the scourge of our planet today, the depraved regime, a band of criminals. When it came to iran, he called it masking a corrupt dictatorship behind democratic facade and he said the iran deal was one of the worst onesided transactions, an embarrassment to the Un
Nasdaq up by almost 10 points. S p down by a point. This comes after the markets closed at record highs again the longest streak of record closes for the s p 500 in years, going back to 97 or something and its six in a row, but remember two weeks ago and three weeks ago and four weeks ago, we were saying how many records there were back then this one didnt start until last thursday so the one that takes us back to 1997 it was 130 points yesterday on the dow or 113 after all these moves. 22,775, almost 23,000 on the dow. The s p 2552 and since the election, its 24 . 25 since the election 25 after yesterday widely predicted by so many if you want to see what happened overnight in asia, lets look the nikkei was up by 0. 3 , similar gain for the hang seng the kospi was up by 0. 9 in the early trading were already seeing taking place in europe, you can see things are mixed. The dax is slightly positive the cac is weaker. The ftse is up by a quarter percentage point stocks are weaker in ital
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w