Welcome to squawk alley. Im Carl Quintanilla with john fortt, sara eisen of post 9 of the new york stock exchange. The s p, the nasdaq, the russell all hitting record highs the dow is very close to a record of its own. Were in a period of time here seasonally the markets tend to do well. Its been about two weeks since we saw not only intraday highs, but even backtoback gains on the dow and s p. Technology is in the lead with some familiar names dom pointed to paypal, chip makers, technology stocks. The best performing sector of the year continues to plow this market forward deals are also a big theme, and the question this morning is how many of them are going to get blocked. 200 billion worth of deal this is month, according to deal logic. That is actually a record high for the month, and a lot of it they paint in the backdrop of amazons, facebooks, and googles, john, just getting bigger and disrupting industries and leaving companies figuring out the next step. Meanwhile, this big re
Informant that theyre going to be some real problems with a deal like this . In fact we also have herned that that uranium left the United States of america and went to canada, to asia, and to your are. We have more on the bombshell revelation in a few moments. Also breaking today, cbs news, as well as pbs firing charlie rose that he had encounters with several female employees. John conyers settle ad sex harrassment complaint with a staff member, that he did so, and we will have that. Blake burman, on the sanctions what does it mean, blake . Reporter remember, trish, the president was surrounded by his cabinet, i will put north korea on state sponsor of list and tomorrow the Treasury Department will announce a sanction very large. We got the list from the Treasury Department. It essentially goes after those who engage in trade, specifically shipping with north korea. In a handful of instances, chinese entities. You might remember a few months ago, back in late september the president
Theyre dad better be thankful were going to take you there live power lunch set to come out of oven right now strong gains on wall street this hour. The dow is up triple digits. The s p costing the 2600 mark for the very first time. Its been more than two weeks since the s p was able to screen back to back gains the best performing grews. Check out some individual movers up 4 on its earnings. The food Company Early morning its grocery and Specialty Food business the company missing top and bottom line estimates. Dsw plunging double digits also missing profits in sales estimates. As a Virginia Tech hokie, calling me a turkey is the greatest compliment you can give thank you, michelle. Gobble up. We begin with a cloud of uncertainty hovering over one of the biggest deals in media history. The Justice Department slapping at t and time warner with a lawsuit saying the 85 billion deal is quote illegal and harmful to consumers at t Ceo Randall Stephenson fighting back against the doj decisio
After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Years. We have been a crossroads in the past, and unfortunately, we have usually taken the wrong fork. Tonight, ladies and gentlemen, you took the right turn. [applause] imperilhis win could the gop agenda in congress, shaving down Mitch Mcconnells republican majority to just one vote. House and Senate Negotiators are said to have reached a tentative compromise for the tax overhaul. The latest, we go to kevin reporting. Wn the lets start with the alabama race. , what do weoss tabs know about who voted . How did women vote . Kevin speaking with political types in alabama, who said that overwhelmingly, turnout, particularly amongst the Africanamerican Community, helped fuel doug jones to victory. He had top surrogates, including nba legend Charles Barkley getting out the support, trying to drive out turnout in urban areas, including mobile, alabama. Some areas have a turnout, surpassed and even matched the turnout in the Africanamerican Community for when we saw the obama mccain election