Im wilfred frost. The longest winning streak for the dow and s p since february. The dow up about 0. 2 as is the nasdaq, the s p just behind that. Materials and utilities leading the gains while telecomes and financials the worst performers. Intuit, mattel and nrg Energy Better than expected earnings. Dupont is leading the dow on news there are changes to the dow dupont post merger plan. And ge around session lows following the presentation by the ceo jeff immelt, worried about the neglect it tiative im an accounting change. Here is what else is happening this hour. Five House Democrats are asking Deutsche Bank for information on president trumps alleged russian tries. Maxine waters and four others on the House Financial Services Committee Want to see any information the german bank may have on dealings the Trump Administration had with it. The nba says it will play the 2019 allstar game in charlotte, north carolina. This comes after the league moved this years game away to protest. An
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
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