Thanks to Courtney Gibson for being here and all of you for watching. Power lunch starts right now. We wont let money be wasted anymore. Those word weiss just heard from President Trump. A big budget meeting is being held right now at the white house. Well talk about that and so much more with Grover Norquist. Americans for tax reform. Are we finally going to get it . Get ready for serious sticker shock at the Grocery Store. Imwill President Trumps immigration plan hit as hard as some may think . Made in america is alive, but far from well according to one sector. Two busy hours of power starts right now. Once again, welcome to power lunch. Im tyler mathisen. Down. 7,. 6 for nasdaq. In the green today. Today is the 51st session that s p has failed to move in either direction. Heck of a stat, tyler. Thank you very much. I am brian sullivan. Exist i existing home sales, number tripling expectations. Wow european antitrust regulators are set to okay dow chemicals 130 million merger with d
Europes pretty mix. Tenyear above 2. 5 and inflation finally returns to japan, 0. 1 on their cpi. Roadmap begins with a pause in the rally. A cnbc exclusive with wilbur ross on how trade changes in a trump white house. And snap day two, the stock soars in its debut and now news that Nbc Universal, our Parent Company, making a strategic investment in the company. And a dramatic scene at caterpillar headquarters, offices raided by federal agents. The latest on that. Stocks looking to bounce back from biggest oneday decline since january, but s p and nasdaq each on track for a sixth consecutive weekly gain. Dows on pace for its fourth positive week in a row. Earlier on squawk this morning the new commerce secretary wilbur ross commented on the postelection market rally. I think the markets have given a pretty clear endorsement of optimism coming from the new administration. I dont think theres any doubt about that whatsoever. And in fact Election Night we were with carl icahn and some oth
All right, thanks, melissa. As you can see behind me stocks are back in rally mode after the highest Consumer Confidence reading since december of the year 2000. The dow aiming to avoid its first nineday streak with the big movies that year, 1978. Why pimto . Why not . The s p 500 trying to dodge an eighth loss in nine sessions. Check out the big movers, carnival cruise, it tesla rallying 3 , chinese internet buying 5 of tesla, and spice maker mccormick down about 2 after a mixed quarter for the company. Tyler, i speak for everybody when i say remain calm, all is well. All is well, brian. Thank you very much. Welcome, everybody. Im tyler mathisen. Here is what else is happening at this hour. Brian highlighting that Consumer Confidence number rising. What else is rising . Home prices. The latest case schiller index sees prices up about 6 from a year ago. Twitter Ceo Jack Dorsey brushing off calls to step down as ceo in an interview with cnbc Europe Dorsey saying he will do whatever it t
The details ahead with the shares down 4 . I saw you guys playing with that this morning. John was a sport in that. President trump signed that executive order that he says will end the war on coal. Epa Administration Scott pruitt joining us to talk about this on a first on cnbc interview. We look forward to that very much. Meantime, details on that executive order. We are at the white house right now. Bill, the president went to the epa to sign the executive order moments ago. He arrived back here at the white house. The president put in all of this in the context of as you say, ending president obamas socalled war on coal. He said this is about creating jobs. Heres the president over at the epa. My administration is putting an end to the war on coal. With todays executive action, i am taking historic steps to lift restrictions on american energy, to reverse government intrusion and to cancel job killing regulations. What specifically is the administration doing here . A couple bullet
Nasdaq drawing our attention this hour. The index is up 9. 5 this year. Nasdaq 100 by the way on pace for its best quarter in years. Pete, the nasdaqs the only major average positive for march. And youve got the leadership coming from technology. You look at the fundamentals and facts of the earnings season, then you look at how everybody starts to read into, even this coming earnings season. We know april 13th, jpmorgan is going to kick it off. When we get to tech, how about the fact of what weve heard from many of these various Chip Companies post apple. Post many of the facebooks and many others. Valuations are still fair. Theres still growth and thats why these stocks continue. Why is this the sector that is outperforming so much . Is it the one u thats not so tied to what the fed says . The one not so sigh ed to healt care . No matter what happens, this is the space that continues to grow up. Because tech can grow. In a low growth environment. 2 right now. Some are speculating its