A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and regents financial. With us on set you saw his finger, lets show the whole person, the one and only guy adami. Josh brown was walking off set. He yelled my name, i looked over at him, im sorry. Lets first talk about the tech selloff. Start to roll over at 12 20. You pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. Nvidia sticks out to me. Its been on everybodys radar screen. At 1 00 it traded is 50 million shares. After making an alltime high the revers
Goldman sachs. Some pretty harsh words. We have details on that coming up here. Reversal that continued from the session on monday. Really tech has beenleading the marke again today, but underperforming over the last month. We have a debate on which names in the sector are worth buying right now. And President Trump criticizing china for its economic relationship with north korea in the wake of north korea launching that icbm over the weekend. Were going to take a look at what the president s rhetoric could mean for u. S. Companies doing business in china. Thats momentarily but first, you saw it here on cnbc the fed releasing minutes from its most recent meeting in june there seems to be some debate among the fed members about when the fed will actually start reducing assets on its Balance Sheet. Joining our closing bell exchange, we have with us, peter from the Lindsey Group steve from stewart frankel, and our own Rick Santelli is in chicago. With a fine tooth comb no real surprises.
Way. And what was your reaction yesterday to the president s sons release of those infamous emails . Well, i dont know the details of this. Listen, we have got at least a half a dozen different investigations that are going on this is worthy of the investigation. I dont know what went on. But we need to get to the bottom of it. On the one hand. I know that Opposition Research is something all campaigns do. Why youre necessarily talking to a foreign state, obviously thats disturbing. But i dont completely know. I havent read all the emails but i have no doubt that the investigations that are ongoing will get to the bottom of it did it worry you when you saw the market react to it did you think it was something that could derail momentum in the economy . Well, no. I mean, ive been around long enough to see momentary swings in the market. So no, im not im more concerned, again, about ultimately getting tax reform done, because nothing says economics quite like tax reform. I wish the democ
Way. And what was your reaction yesterday to the president s sons release of those infamous emails . Well, i dont know the details of this. Listen, we have got at least a half a dozen different investigations that are going on this is worthy of the investigation. I dont know what went on. But we need to get to the bottom of it. On the one hand. I know that Opposition Research is something all campaigns do. Why youre necessarily talking to a foreign state, obviously thats disturbing. But i dont completely know. I havent read all the emails but i have no doubt that the investigations that are ongoing will get to the bottom of it did it worry you when you saw the market react to it did you think it was something that could derail momentum in the economy . Well, no. I mean, ive been around long enough to see momentary swings in the market. So no, im not im more concerned, again, about ultimately getting tax reform done, because nothing says economics quite like tax reform. I wish the democ
Reporting afterhours all on the move as those Conference Calls are underway. Well bring you the latest details throughout the hour, but first, we start off with the markets, a record for everything the dow, s p, russell 2000, closing at all time highs. The dow posting at 26 record closing of the year. Check out the names. Not just the fang stocks price line, boeing, honey well, dupont, all hitting record highs, so do stocks keep grinding higher and where do you go from here to record highs you stay with name, five names, those are four, five names for quite some time. Steve isnt here hes been on this do you want story, but boeing for example, now, the Analyst Community is getting ready. Jpmorgan upgraded it to neutral from underperforming then today, bank of america, Merrill Lynch upgraded to neutral. Where have theybeen for the last year . Boeing reports next week my sense is that the numbers will be great. Valuations are neutral honey well, for the last five year, we want to own hone