And target amendmenazon a new report says theyre to blame for keeping wages low for the american worker. Well debate that when power lunch begins right now. Welcome to power lunch im Michelle Caruso cabrera. The dow and s p 500 setting record intraday highs. Dow would be higher if not for j. P. Morgan and Goldman Sachs which are lower. J. P. Morgan reporting numbers this morning, the nasdaq is on pace for its best week in two and a half months the. Dow and the s p 500 on track to post their biggest weekly gains in seven weeks check out the movers walmart and boeing are higher on upgrades gap is higher, retail stock being added to j. P. Morgans focus list and a number of wellknown names hitting new alltime highs facebook, mastercard and ebay among them and we begin with j. P. Morgan. That story that tyler told you about. Ceo jamie dimon going off on washington during an earnings conversation call with analysts blasting the d. C. Dysfunction and the impact its having on the economy. Wilf
Lets begin with the markets. The march towards dow 20,000. A busy take for the markets and investors with the fed beginning its meeting, pete. People are wondering how long this thing can last. It just continues to move higher. It does, and part of the reason behind that, scott, is the fact that rotation just continues. Yes, we were into energy. Today you look at technology, and Technology Stocks are ticking up. Look at microsoft. Look at intel. Look at apple and facebook. You start to go through some of the fang names. Almost every single day theres a rotation. The thing to keep an eye on right now is volatility is still remaining low. Still right around 13 or below 13, scott. You can protect. You can be involved in the market right now, but you got to have protection on because of this huge run weve had since president elect was put into that position. You have these almost daily rotations. One day maybe energy is our f e favor. The next day is in favor. Its fairly broadbased if you
First up, no precipitation in in region. And then you look at satellite, you can see the clouds are thinning and move position oing. So we will see a mostly sunny day and that is across most of our region. So that will allow temperatures to boost up a bit more, as well. Yesterday as expected, we tapped in the mid30s. Today we will climb to about the mid40s in philadelphia. So right now were sitting at 32 degrees. We are right at freezing. Philadelphia, some parts of new jersey and especially as we go into the suburbs and Lehigh Valley, berks county area. In those zones because we saw so much moisture yesterday, you will see some patchy fog or, b, possibly slick spots along roadways. If you can wait a couple hours to get out, by around 9 00 a. M. , you should be good to go. Were at 37 by 11 00 a. M. There is the sun in you icon. The winds only around 5 to 15 Miles Per Hour. So today very calm day as you can tell, the temperatures already going to be climbing and Getting Better in the af
Valley. We have concerns of slick spots on roadways because even through new jersey, suburbs, we did see temperatures in the upper 20s meaning were below freezing, weve got moisture remnant from yesterday when rain fell in some parts of our area. Not a major icing concern this morning, but there may be a few spots where you dont realize what looks wet is actually ice. Overall the clouds are cleared and were talking sunny conditions. And that holds tight for todays forecast. Sunny to mostly sunny the theme for today. And the temperatures start to pick up, as well. We go from the low 30s currently to mid30s by 10 00 a. M. And by the afternoon, were getting into the low to mid40s for forecast highs. That will fall off again and we will be chilly overnight. But we are tracking the warming trend that really lasts several days. Well get a closer look at that coming up. Now to that breaking news out of West Philadelphia will police are looking for a gunman who shot a cab driver 13 times while
Died. Her publicist says she died with her husband and friends nearby. She was 80. Global news 24 hours a day, powered by more than 2600 reporters and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Caroline this is Bloomberg Technology. Up, the tech season heats up with qualcomm, at t, and even they are reporting or it result ahead as the dow clocks and above 20,000. Plus, cisco ceo tells us how its 3. 7 billion acquisition permeated the first major tech ipo of 2017. Finally, lucky money turns digital. With the help of . 10 messaging app we chat, we take you to chens and to show you how the chinese tech giant is gearing up for the Lunar New Year. First, to our lead the earnings parade continues at qualcomm, at t, ebay reporting results after the close. Qualcomm reporting sales that came in just shy of estimates, giving guidance it may miss sales and profit estimates in the current period. As you can see on the bloomberg trading, just slightly lower in after