Your watch list. Power lunch starts right now. Let it go, let it go i am one with the wind and sky all right. Welcome to power lunch, everybody pap bit of a disney phied power lunch if i do say so im Tyler Mathisen stocks struggling for gains. The dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. You want to know how its trading. Right . It is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. Twitter on a tear, stock soaring to a oneyear high promise me, youll see it in a second in respect it is. Theres twitter going up up 93 or about 4. 5 . No major reason. Just twittering. Its twittering. Retail also rallying best buy, new alltime highs there. Michael kors highest record in two years and lululemon, oneyear high. Nike, tiffany also at new highs. Begin the hour, tyler, with a huge deal of the day, probably the ye
And spending the consumer wants reliability and the consumer will pay for it thats the lesson of the icr, the big consumer conference i spent all day learning from. A day where the dow gained 150 points, s p climbed 0. 13 and prices were higher earlier today. So many retailers are suddenly doing so well from kohls to childrens place to restaurants like darden. Remember, they are owned by olive garden and then end up with a winner, of course, it is never that easy i think its worth focusing on the consumer side. At least for now even as many of the big gains in the market are coming from what we call the capital good, companies that benefit from the global, not domestic but Global Economic expansion look, ive been recommending boeing for 240 points. Im not whacking away. In fact i think this 318 stock could easily go to 400 bucks caterpillar will be huge, accounting changes in the new tax code and thats not baked into the stock as much as they try to do so united technology, honeywell,
And into the fryer good thursday morning welcome to squawk alley. Were at post nine of the new york stock exchange. Dow is down 91 currently the worst drop of the year so far. The big news today though, amazon announcing the finalist for the hq2. We have details. Good morning, carl. And lets go straight to a map of the 20 contenders youll see that most of the locations, they fall in the midwest, south, and east coast of the country away from amazons current home of seattle and the west coast in general where most of the Biggest Tech Companies are. The only city from this coast, the west coast on that list is los angeles. And the only city outside the u. S. Is toronto, canada. It has tons of engineering talent close by. An interesting candidate given the current political environment. Now other contenders include cities that already have ties to amazon or jeff bezos like austin and washington, d. C. , and where he himself bought a home last year the other cities on the list like boston,
High he thinks bitcoin is still headed spencer will be here to explain. Later, government intervention, the thing that sparked the blood booth, the kryptonite for crypto sheila bear will be here with a surprising call. Check out the dow, sinking triples digits after yesterdays huge rally the culprit, look no further than the bond market the tenyear yield entering critical area as it crossed above aty key little of 2. 6 founder says 263 is the line in this and where the rise in rates could accelerate quickly and take the market along with it. As we enter closer to the danger zone are the bonds the only thing that could enthis rally. Love that song. We have known each other a long time, 11 years a long time. For me to put the economist hat on, you know i mean its foolish for me even to play the game but i will say i could make an argument rising rates could be good for the market because the economies are growing, global economies are growing. It should be bullish for the equity market.
That number could go up depending on those injured in the hospital right now. He is now being held in jail without bond. What we now know about his motivations in the Warning Signals that were missed. Also happening right now, the Senate Voting on whether or not to move ahead with one of four competing immigration plans, one backed by a group of 22 bipartisan senators the president threatened to veto just narrowly failed. Were live in d. C. With what happens next on that front. Joining us this hour, we have Broward County commissioner michael udine. A former Boston Police superintendent daniel malinsky. Judge Andrew Napolitano and oklahoma senator james inhofe. Melissa lets go to Nicole Petallides on floor of New York Stock Exchange what is driving this rally. 27 dow components in the green with three just in the red. Were looking at a intraday chart. We were briefly in the red territory, finishing at highs of the day. Were up 25,200. People have been getting more comfortable with high