Good thursday, everybody welcome to power lunch lets take a look at this record rally. All three major indices at new high the dow is up 21 in 2019. The s p up nearly 28 and the n nasdaq up 33 just this year were in the green today check out some of the new highs across the board micon, citigroup and kellogg joining that party ty thank you very much with a few trading days left in whats been the best year for the market since 2013, bob is at the New York Stock Exchange with a look at what worked in 2019. Hi, bob. A lot worked. Thats the good news the rally has opinion fabeen fa but dont kid yourself top 23 stocks in the s p 500 all were up. All 23 were up some of them were up really big. How big . S p 500, up 28 . The top ten stocks by market capitalization were up more than 40 . That means as they get bigger, those stocks have more and more influence on the s p number one, nothing knows bigger than apple this year look at this, 77 . Thats not a typo. How much is that thats 800 points
Minutes. [applause] good afternoon, how are you all doing. Also you will thank you so much for being here. It is so much warmer in here than it is outside. [laughter] thanks for keeping it warm. So im really excited that you are all here this afternoon and i just wanted to offer you some words of welcome but also to let you know a little bit about why i am here as an organizer and what you can do to help become the president of the United States. [applause] loop. Growing up i moved around a lot. We moved every three years or so to an estate. His Incredible Opportunity throughout my life and also meant that i didnt have a sense of belonging in one place and i was always feeling like an outsider. And even though ive now found my community, for a lot of different places including his campaign, i never really lost that understanding what it feels like to be an outsider. So when i heard pete speak for the first time, i saw a leader was reaching out and inviting people in a conversation and
Wisdom turned bearish. All morning. We keep hearing the same thing from the socalled experts why wont this darn market stay down wheres all this money coming from dont people realize the earnings will be down this year versus last . Thats a negative litany i hear everywhere i go, even colorado even with that u. S. Air force academy. People still betting on recession. They think this is merely a fed mandated bubble and the buyers are going to get crushed and that i am way too positive the but every day something happens that contradicts the bari bearish narrative. I get it its hard. I admit it the pessimists are looking at all the wrong things i have to let you know where theyre going wrong so you dont make the same mistake. Ill walk you through individual stocks that i got wrong. Okay exhibit a. Hpa. They reported an okay number just okay. And its beloved ceo stepped down for Family Health reasons bad. And lore Enrique Loris took his place. Before the plan was announced, the stock of h
Tell us what is the latest . Did the fire grow overnight . How are things going on . The fire did grow. In the Higher Elevations and terrain, so we do have fire actively burning in kind of a rugged areaand those numbers will likely go up this morning on all sides, and obviously we are preparing for this weekends wind and look at the direction where the fire may burn. How do you do that . This is not a situation where its like the fire is started, we are deep in these woods. What are you expecting as far as the impact of the kincade fire in terms of how its going to move . Yes, so we have contingencies around for potential worstcase scenarios, National Weather Service Brings in fire behavior analysts, and they come up with a plan for whats the potential of what this fire can do the next 24 to 48 hours. We have to start to roll out that plan and, you know, were obviously concerned the winds that are forecasted have a potential to have a big impact on this incident. What areas are you wor
Officially launching its disney plus platform. Goldman sachs customers, concerned about gender bias allegations, says, quote, we hear you, the bank reevaluating the apple card credit limits billion dollar cost cuts, juul labs set to slash 16 of its workforce. Were going to begin with disney entering the streaming wars, the companys disney plus Service Launching today with a Monthly Price tag of 6. 99 subs will have access to nearly 500 films, 7500 tv episodes, disney has spent more than 3 billion on technology and content prior to the launch. It is a big deal for kevin mayor, in charge of making this thing work and we have seen some technical hiccups here on this first day. Overload. Maybe high quality problem, not sure but i looked at all the offerings, i said to myself, when i had two little girls, i think i would have said, no, i dont have to go anywhere this is it, you go do that, and then i can go watch football in the other room that was my thinking and then the mand loalorian wa