President s report that he said in a memo to comey to let flynn go. And the fbi director reportedly kept a paper trail that said the president asked him to end the probe into flynn. It hasnt happened so far, but will trumps troubles crack this market . The u. S. Markets are pointing to a large decline at the open. Shares of target jumping in the premarket. The retailer blowing past some earnings expectations. Our top story of the morning is trump versus comey. Now confirmed by nbc news a memo by fired fbi director comey claiming that the president urged him to drop the investigation into former National Security adviser michael flynn. Lets get to eamon javers who is outside the white house with the very latest. Hey, eamon. Good morning. Marine one has landed on the south lawn to take the president away. Hes leaving to go to the Coast Guard Academy where hell give the commencement address later today and that will give aides a respite of the intense news flow, starting at about 5 00 las
Since late april. Our question is this, whether a market that has largely ignored the controversy in washington and if it is finally paying attention what that means to yo your money. Kevin, people have been surprised at the complacency of the market. Is today a sign all of that is about to change in a big way . I dont think so. This is just the pause that refreshes. Weve been waiting for a correction like this. Its not a big deal. This whole thing with trump and the circus around it is to boil down to, he said he said, a memo versus what he said to him at a din r, whatever, its going to go away. Im extremely bullish about the markets and i took this opportunity today to buy mid cap stocks. Ron . Im going to take the other side for a while. Even before he was elected, this was not going to result in a good outcome. As i said yesterday, remain among those who believe this president will have an attenuated term in office and this is going to get far worse before it gets better and i do t
Maybe not. Well see if that is on target. And cbs and walgreens very nervous. Amazon may be planning to break into the pharmacy business. All that and more as power lunch begins right now. And welcome to power lunch. Im melissa lee. Stocks having their worst day in two months. Stocks losing gains. It is the dows biggest oneday drop since september. Apple, goldman accounting for about 100 points in the dows drop today. Financials leading these declines this hour, charles schwab, the biggest losers. Wall streets peer index the vix soaring to its highest level since april 21st. Welcome, everybody, to power lunch. Im tyler mathisen. We begin this hour as we have many days recently with drama in d. C. And today it is driving the market down. A memo by the fired fbi director james comey claiming the president urged him to drop the investigation into former National Security adviser, Michael Flynn. Lets go to eamon javers for the latest. Reporter we are told a closed door session but publicly
Details coming up during this final hour of trade today. Worst day for stocks since september of last year. Financials and tech are hit hardest. Tech especially had been leading us all the way to the upside. Weighing on the dow with two price components, goldman and apple down about 5 and 3 respectively. The question is will the sell off last. We will talk with Jeremy Siegel, he will join us and talk about why he thinks it is a great buying opportunity right now. Of course, he has been bullish on this market for a while. And dig kovacevich and don peebles will join us to discuss the president s strategy and whether he can get republicans on his side. Why is the Market Selling off today after a series of stories that seemed like scandals over a couple of weeks . A number of notes have been passed around on wall street today with people speculating on all of that. Programs dan clifton of stratega summed it up in his note. He said this morning, and i quote, the past eight days are like no
They want to hurt trump before he comes overseas for the historic series of meetings that no president has tried to undertake. Thats whats going on here, pulling the curtain back and seeing whats happening in d. C. U. S. Markets seeing through the d. C. Fog. The dow closing slightly lower, nasdaq having second Straight Record close and s p 500 hitting alltime high along with tech stocks, google and amazon. This, as the white house is fiercely discounting another report that President Trump revealed classified information about an impending isis Terror Threat to russian officials. Welcome to risk reward, im Elizabeth Macdonald in for deirdre bolton. Cia director mike pompeo is briefing the house intelligence committee. Were monitoring that to speak to the press afterwards. Well bring you that. The Senate Intelligence Committee Held a closeddoor meeting and senators spoke to the press with more questions than answers coming up. Staying on that story, too. This, as the white house fires b