What we care about and even before the nasdatax cut. I tell you that tax cut be sill something. The u. S. Has agreed to keep pressure on north korea while secretary of state Rex Tillerson asks his counterpart to reduce the violence in ukraine. And good morning again, everyone we are still with you. Lets take a look at stocks, how things are look one hour into the trading session. We did start off on a firmer footing. It seems the momentum has changed. The profit is a little weaker on the day, lets remember, its the Holiday Season lets take a quick look at sectors, see european markets quantiti quantities 51 hundred is trading in the green. The rest are a picture in the red, struggling down 2 . Now we can delve into the sectors and see which ones are standing out a couple days for Mining Sector and commodities in the overnight session. We are overseeing it, to the down side, telecom is down. 3 technology is down almost 3 as well utilities lagging, too our next guest believes looking eas
Out my myspace page. Power lunch begins right now and welcome to power lunch. Im melissa lee. The dow and s p both hitting records. Neither had back to back losses so far in 2018 all three major averages on track for a fouj straight positive week and on pace for the biggest monthly gain since october of 2013. And 3m and intel soaring and dividend hike. Well check out the other movers colgate is down. Revenue falling short. Honeywell is higher on the earning by 1 . The company also raising the outlook in starbucks, down 6 revenue missing forecast sales growth expected to come in at the low end of the prior 2018 forecast thank you very much. Welcome, im Tyler Mathisen and get you up to date shares of wynn tanking now down 7 on the reports of Sexual Misconduct by the ceo and founder steve wynn the wall street journal reporting dozens of people coming forward, more on this developing story ahead us economy growing steadily in the Fourth Quarter of last year but losing steam from the summer
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. The nasdaq up yesterday a percent, the s p just less than that the dow up a half percent. We had nine out of 11 sectors higher led by telco and energy this morning were expected to open higher, about 79, 80 points for the dow. The s p up 6 points. The nasdaq up 32 points. Tenyear treasury note yields rose again yesterday. Up to about yesterday we got up to 2. 66 today 2. 62 the trend of late has been a rising and steepening yield curve. Asian trade for you, strong across the board we did have a bank of japan meeting which, as expected, kept things in line as they were. The statement also very, very similar to last month. The nikkei rallied 1. 3 . The yen not doing too much off the back of the season a strong session across all of asia we talk about the rally thats continued at the start of this year the likes of hong kong up sharply. Already strong outperformers last year. Hong kong up 3. 2
Least ideas being discussed to address this. Meantime, blake burman with the latest from the white house. Blake . Reporter hi, there, neil, the white house within the last minute releasing the economic report of the president. This is a pretty lengthy, 500 plus page document put together by the president s council of economic advisors. Weve gone through it t paints a fairly rosie picture coming out of obama administration. Tax cuts, the president talked about the need and the want and how he feels potentially we could get to 4 gdp growth. However when you look at 10year span as the Administration Economic advisors are projecting out, theyre projecting gdp growth over 3 . When you get to the back end of this 10year term, dropping just under 3 . They do warn though of some headwind in both near and long term and this is it. They write, quote, challenges remain for 2018 and the longer term including increased opioid dependence. The recent low rate of Labor Productivity and wage growth. Do
I think it will be a pretty polished sort of thoughtful speech as opposed to just offthecuff. There is a lot of anxiety. You may have detected it already about the kind of tone that the president is going to strike. What kind of tone would you like to hear from him . I think hes basically economically focused. With theconsistent World Economic forum. He has spent a lot of time in that area whether its on tax reform which was successfully and whether its getting rid of regulations and other things to boost economic growth. I dont know what is in this speech. I would assume there will be a bunch of time spent on those and the goodness that can happen when you get an economy growing at a much faster rate than we did for the previous eight years. Erik blackstone is a global investor. You travel the globe almost incessantly. Is there a risk to the president and the United States if he were to beat the America First drum too loudly . I think it has been pretty loud. I dont know that you coul