Were still in rarefied air at these levels with the market well above where it was right after the election, and yet i keep hearing about the day of reckoning thats coming. Im not sure about that day. However, i have to tell you when i look at whats happening with individual companies, not the overall market, i see a game plan next week that most likely will face its roughest test even as i doubt it will produce enough grift for the bears to get the kind of selloff theyre praying for. What makes me so concerned about next week . Retail. Next week the retailers report, and i think well blanche when we see these numbers, especially given their stocks have had a bit of a run going into these quarters. Lets start with two retailers we hear from on Tuesday Morning, home depot and macys. Their stocks have been on different trajectories. Home depot is ameteoroloong the retailers in the world but this stock has had a pattern. It runs hard into the quarter. Then it reports fabulous results and
Paul. And, the top democrat on the house intelligence committee, adam schiff. Plus, former Campaign Managers, robby mook and Cory Lewandowski go head to head. Here now, jonathan karl. Good morning. 31 days in. Liberals are freaking out. Trump diehards firing up. We have never seen anything like it. Were used to watching new president s take office with choreographed policy plans. Rolled out with careful words. This, a machine gun blast of words. The question is, is this a finetuned machine delivering promise after promise after a record pace . Or, an administration careening out of control . And if crash be . Were get og all of that this hour. For the first time together since the election, trumps fierily defender and former Campaign Manager Cory Lewandowski, and Hillary Clintons battlescarred general, robby mook head to head. And in a moment, trumps former primary rival, senator rand paul. A year ago, he called candidate trump a disaster. What does he think of President Trump now . An
Trumps onetime rival, senator rand paul. And, the top democrat on the House Intelligence Committee, adam schiff. Plus, former Campaign Managers robby mook and Corey Lewandowski go head to head. From abc news, its this week. Here now, chief White House Correspondent jonathan karl. Good morning. 31 days in. Liberals are freaking out. Trump diehards fired up. The one thing all of america can agree on. We have never seen anything like it. Were used to watching new president s take office with choreographed policy plans. Rolled out with careful words. This, a machine gun blast of big promises. The rhetoric loud, aggressive. Chaotic. The question is this a finetuned machine delivering promise after promise at a record pace . Or, an administration careening out of control . And if it is, how bad will the crash be . Were getting to all of that this hour. For the first time together since the election, trumps fiery defender and former Campaign Manager Corey Lewandowski, and Hillary Clintons bat
Wti is higher by 87 cents, 54. 27. Brent is higher as well, 92 cents. 57. 10 over in london. Nat gas is lower by 7 cents. Decline of more than 2 . Among the top corporate stories, kraft heinz is withdrawing its bid for a merger with unilever. Kraft worried that it would be too hard to negotiate after the Public Disclosure of its bid so quickly. A kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. Restaurant brands is in advanced talks to buy popeyes. The deal will probably be valuing popeyes at 1. 7 billion. An announcement could come this week. Wandas proposed 1 billion acquisition of Dick Clark Productions is under pressure. Wanda is run by chinas richest man. It already owns Legendary Entertainment and amc entertainment. Reuters reports wandas deal for dick clark is shaky but not yet dead. Part of the problem is they cant get the money out of the country. By the way, on this kraft heinz deal tell us. It
Im Michelle Caruso cabrera. The dow and nasdaq and s p 500 hitting alltime highs. The dow in particular has been unstoppable, on the longest winning streak since july. Up to the eighth straight trading session. Commodities are always volatile. Check out nat gas down 9 . Its been warm in the northeast. Huge part of the nation has been warm. Take a look at that. A decline of 29 for nat gas. Dont see that very often, tyler. Michelle, thank you very much. Because you can never have too many lunches, welcome to power lunch. Im tyler mathisen. We begin with this rally in the stock market. For that, lets go to bob pisani. Hi, bob. Hello, tyler. Happy tuesday, everybody. The important thing is this is a global rally. Its not just the s p 500. Not just new highs here. Germany hit a 52week high. Brazil hit a new high. Canada hit a new high. Some of this is on the commodity rally but theres a global rally going on, two powerful forces moving the stock markets around the world. The first one is th