Technology stocks because even though stocks overall hit new records hit again today, the group thats led this rally all year long is getting hammered from chips to the f. A. N. G. S and almost all points in between pete, it is an ugly day. It is. Boy, the semis are having their worst day in nearly a year. After absolutely sprinting. Why they sprinted after the numbers and we talk about the banks and the pauses and we dont talk as much about the Technology Names take it a a look at where some of those names were going into earnings, apple or facebook or any of the chips look at micron it pushed up against 50 and now its obviously been on the slide. To me it looks like another part of what weve been talking about the entire year in 17 rotation and where are we seeing rotation to financials are the guys that are really picking this up right now. I mean, the option paper in there is absolutely off the charts. Look at these. And thats where people continue to move away from tech. Look at t
Your watch list. Power lunch starts right now. Let it go, let it go i am one with the wind and sky all right. Welcome to power lunch, everybody pap bit of a disney phied power lunch if i do say so im Tyler Mathisen stocks struggling for gains. The dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. You want to know how its trading. Right . It is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. Twitter on a tear, stock soaring to a oneyear high promise me, youll see it in a second in respect it is. Theres twitter going up up 93 or about 4. 5 . No major reason. Just twittering. Its twittering. Retail also rallying best buy, new alltime highs there. Michael kors highest record in two years and lululemon, oneyear high. Nike, tiffany also at new highs. Begin the hour, tyler, with a huge deal of the day, probably the ye
The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa
What a deal could mean for the other chip stocks. Power lunch starts right now im Brian Sullivan the markets moving just enough today to give your investment dollars yet another new high, thanks to the saudi news oil is moving up again data is pushing Energy Stocks higher chevron and exxon among the dow leaders. We talked about Semiconductor Companies as well. It is fair to say that lately, it rocks sox at new alltime highs. Michael kors soaring, the fashion retailer beating earnings estimates and raising its outlook. More on that ahead and reports the Pharmaceutical Company may becoming a takeover target thank you very much im tyler mathieson. Welcome to power lunch. Target gearing up for the holiday season, announcing deeper black friday discounts and plans to open 6 00 p. M. To midnight on thanksgiving day i will be asleep staying with retail, amazon cutting prices of Third Party Products in the face of stiffer competition. And the new york fed present William Dudley plans to retire
Acted upon the recommendation of mr. Rosenstine and mr. Sessions with whom he had met on monday evening, who then put their recommendations in writing. He said that he had made up his mind to fire mr. Comey before those gentlemen had met, number one. And number two, that he was basically not following their recommendations. He was acting on his own, so that raises some questions. The question of turmoil in the ranks of the fbi, something that has been raised several times and the president raised right there, was knocked down today on capitol hill by acting director mccabe who said that mr. Comey had the very strong support of the majority of the rank in file at the fbi. He certainly painted a very different picture of that. Reasonable minds obviously can disagree and from where the president the attorney general and the Deputy Attorney general sat they may have come to different conclusions on that but certainly that would be another sort of series of questions that i expect youll hea