A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and regents financial. With us on set you saw his finger, lets show the whole person, the one and only guy adami. Josh brown was walking off set. He yelled my name, i looked over at him, im sorry. Lets first talk about the tech selloff. Start to roll over at 12 20. You pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. Nvidia sticks out to me. Its been on everybodys radar screen. At 1 00 it traded is 50 million shares. After making an alltime high the revers
By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesting an emergency u. N. Security Council Meeting today after north korea tested an Intercontinental Ballistic Missile. The missile could put all of alaska, so mainland i dont know if you call that mainland, but pretty close late yesterday the u. S. Military said u. S. And south korean troops fired missiles into the waters off south korea in a show of force back that way apparently it can reenter the
Welcome to power lunch. Im melissa lee. Stocks right now are mixed actually all in the red right now. Amazon, though, hitting a new alltime high in todays session. Same for tesla, that stock trading above 300 a share for the first time ever. And take a look at gold hitting its highest level since february 27th. Tyler . Melissa, thanks very much. Im tyler mathisen. Glad you could join us on a rainy tuesday in new york. Here is what else is happening this hour. The u. S. Trade deficit falling in february as exports climbed to a twoyear high. Cleanup efforts under way from texas to the taerls after another stripping of severe storms ripped across the south. Five stormlegalitied deaths reported. And tony romo apparently hanging up his helmet and cleats for a microphone. Espn reports the cowboys quarterback will end his 14year nfl career and go into broadcasting. Michelle . Welcome to the business. Thanks, tyler. Im michelle carusocabrera. We have a lot to do today. We begin with a big head
Without borders was leveled by attack. The airstrike blamed on Government Forces left 50 people dead. A less than welcome greeting for donald trump in burlingame, california. Protesters fought with police and knocked down barriers. Thee arrived to address state gop convention. He said his entrance was like crossing the border. In kenya, search and rescue teams are made at the site of a sixstory building collapse. Four people are hospitalized and others are trapped beneath the rubble because of the high housing, some developers bypassed building regulations to cut costs and maximize profits. Im Mark Crumpton at bloomberg World Headquarters in new york. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. It has been a dramatic week for tech stocks. Apple sending the s p 500 to its lowest drop since february with amazon checking in for its best profit yet. Plus, the app pulled off a bigtime coup today, scoring a one every kind of deal. Will snapchat revolutionized
Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c