And welcome to power lunch. Im melissa lee. Stocks keep surging. New records for the s p and nasdaq and the usual suspects keep hitting fresh new highs. Corning, electronic arts, nvi nvidia, the list goes on and on. On pace for its best day since march 3rd, snap has traded over 44 million shares today. That is more than double its 30day average volume. One of the key catalysts for had monday, the surge in the price of oil. Crude hitting nearly 50 a barrel. Lets get the latest from the y nyse floor and bob pisani. Reporter and thats the key. The market in the rotation. Lets put up the board. Whats been weak throughout the year is this energy, banks and retail. Whats leading today . Energy, banks, and retail. This is what i talk about this rotation. Consumer discretionary but theyre lagging today. Take a look at sectors in 2017. Yes, tech and Consumer Discretionary but, look, banks and energy have been laggards. Theyre leading. This is why the market keeps holding up near the top. Old st
Debt, offeringedebt to buy that billions. Anchor plosser continue to watch president trumps first overseas tour. We will look at how his domestic agendas tracking while he is away overseas. This is daybreak asia, coming to you live. I am betty liu in new york, where it is just after 7 00 p. M. Anchor it is just after 7 00 a. M. In hong kong. I am yvonne man. Yvonne we were expecting a risk on feeling, but it seems to be shattered just a bit as we get more development out of Greater Manchester of fatalities at the Manchester Arena just a couple of minutes ago after reported explosions. A fluid situation, but we see the moves on dollaryen here this morning. Betty that is right. Dollaryen. Come into my terminal on the many futures on the s p mini futures on the s p. When the news broke, Greater Manchester police tweeting that there were a number of fatalities. A number of fatalities and injuries. About whereonfirmed the bush and from, what was involved, but they are confirmed right now. F
Israel has built one of the worlds great civilizations, a strong resilient, determined and prosperous nation. It is also a nation forged in the commitment that we will never allow the horrors and atrocities of the last century to be repeated. Now, we must Work Together to build a future where the nations of the region are at peace. And all of our children can grow and grow up strong and grow up free from terrorism and violence. During my travels in recent days, i have found new reasons for hope. I have just concluded a visit to saudi arabia, where yesterday i met with king salman and with the leaders from across the muslim and arab world. And that visit we reached historic agreements to pursue greater and greater cooperation in the fight against terrorism and its evil ideology. My future travels will take me to visit pope francis at the vatican. And then our nato and european allies. We have before us a rare opportunity to bring security and stability and peace to this region. And to i
And germany markets there closed for a public holiday. Oil prices are rising this morning. A longterm bear at Goldman Sachs now says the market has ended two years of oversupply and flipped into a deficit. The firm says this allows or follows disruption supplies from nigeria, venezuela, the United States and you can see wti is up by about 2 points. We were at 30 now its back to 50 and youre doing the super spike. The super spike came out a while ago. Remember the London Office . The supply has been shrinking. Is it ready to go up to 60 or 70 . Because they already missed the move from 27 back to 50. Yeah. But remember the super spike, that came out of gold mans London Office at the time. Yeah, i guess. But goldman they have many analysts. Other analysts will say its going down and some say up. Just another brand. Have you noticed three straight weeks since that person was here to say we are at an important level. What happens in the next weeks decides. Right. We are at factory data in
Or tweet me jim cramer. Could there be a better moment than to start thinking longer term . This is the perfect time for you not to be caught up in the law of the brexit vote as an island off the coast of europe, allegedly determines the fate of the western world. Even if the bulls have to be gratified by pulls that suggest the uk will choose to remain. And the s p gained 1. 34 and the nasdaq up 1. 49 . Every time i come out west to the one market headquarters in San Francisco, im reminded of how myopic and short term oriented we are on wall street. Versus whats all around us here. The connectives of the fabulous the executives of the Silicon Valley are determined not to let events keep them from pursuing the long term prizes that make for tremendous success and yes, riches for those who can own shares in their companies. At the risk of choosing not to be trapped by the prison of brexit let me give you a scan of whos doing what and how their ingenuity may impact your portfolio. I have