The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
Miss the mark. Joining us for the hour, stephanie link from nuvine what do you think is driving the action right now, if the calendar is so devoid of data points so much for a slow day today, right . You had boeing you had over the weekend, china, small stimulus, which i dont think got a lot of press, it should have. And the data was okay. Durable goods can be explained away from boeing for the most part new home sales, up 17 year over year i think thats good. Chicago fed at a twoyear high i think theres enough momentum between now and the end of the year to kind of continue to see green days maybe we tail off a little bit at the end of the year, but i think well continue to see green days into the end of the year were on a nice streak so far. Lets dive into the biggest story of the year, that is boeing our phil lebeau has the latest on that. Hi again, phil hey, carl Dennis Muilenburg was fired after the board met over the weekend. The decision was made sunday night. And this was not h
A leadership challenge ahead of the that election and less than a year. We begin with breaking news from kazakhstan where a passenger plane with 100 people on board has crashed shortly after takeoff Civil Aviation authorities now say at least 14 people have died rescuers trying to reach the other passengers the jet lost altitude while taking off from force well Alexandra Godfrey joins us now live from moscow so alexandra its now been less than 4 hours since the crash talk us through. Less than 4 hours after the crash as we know the 4 rowse to 14 there is almost 30 people confirmed injured there in the hospitals in the city of almaty some of them are in the Critical Conditions of cording to the city authorities so what we by now know happened is that the plane of the back air airliner almost immediately after takeoff lost altitude crashed through the concrete fence and then hit the building there was no fire as a result of this to this point there is dozens of ambulances at the crash si
Since 97. The apple surge on track for what will be the best yearly stock rally in a decade. The company is in talks to buy japans displays primary smartphone screen factory. And tesla on a tear shares climb to above 430. The automaker expecting a rollout the first china made model 3s on monday there seems to be no stopping the year end rally stocks are on track to hit new record highs nasdaq as we said in the midst of the longest daily win streak since 09 after closing above 9,000 for First Time Ever. Watching 3249 as we said but 3259 would give you 30 for the year we only had two years in the past three decades with a 30 gain. Yeah, i mean the pace in the last i would say past couple of weeks has been relentless, sellers staying out of the way that has created this incremental move day by day. I do think we have this unusual situation where the year to date numbers are i dont want to say skewed, they are what they are, but it gives a little bit of a different impression if you look a
Evening, everybody. Sue is off tonight. Stocks again close at record levels. Well get to that shortly. First, another shoe hashe dropp inongoing crisis involving boeings grounded 737 max, and this te it fel in the companys c suite. Ceo Dennis Muilenburgs out immediately. Chan David Calhoun will take over next month and investors reacted positively to that news sending shas higher 3 . Phil lebeau has been following this. Why now . Reporter bill, i thiwo there were things that had happened within the last month that the board of directors ounally said,. We have to make a change. The first one being thatbu denn muil was called to washington, d. C. , and he was essentiallyressed down by the head of the faa. Theead of the faa said you dont make demands. We call the shots as to when this plane is safe anddy r to return to the air. That was a very public meeting. Maybe the meeelng i wasnt public but it was a dressing down. Ceos rarely he that happen. The second thing happened four days later