President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Lunch begins right now. Im melissa lee coming to you from miami it is the tech event of the americas with us on the show today forget walking into a bank, this company is completely disrupting the way consumers now get loans, instant loans. The ceo of green sky is with us. Plus our exclusive with the ceo of sprint. Well weigh in on merger speculation with tmobile. And personal final guru suze orman will be along as well. Lets take a look at the markets this hour. The nasdaq continues to be the story today. Right now the techheavy index is down about a full percent doing the worst of all three major averages apple is a big reason why. The biggest, down more than a percent more than the next weakest sfok, united health. The stock getting another downgrade today, the second in a week for unh netflix, microsoft among the big tech laggards on the day ge investors making more than 3. 5 today this, of course, after Ceo Jeff Immelt announced he will be stepping down after 16 years at the helm
Touting its first augmented reality superstar, the dancing hot dog. Is ar the future for snapchat . 14 million in market value. Meantime lets get to wall streets Research Prices well have the details on jpmorgans move to take market share ahead. Only going to charge 10,000. Could be a race to the bottom Retail Stocks get crushed, bill miller iv is making a big bet on shopping malls. Well join us to discuss whats behind that move we do start with north korea and the latest developments about the looming threat against the u. S. Reporter we could hear from the president momentarily on the latest regarding north korea theres an event set to begin at president s Bedminster Golf Club it could be on fork force workf initiatives. He upped the ante this morning he said the u. S. Military response is locked and loaded and to that end he retweeted photos posted by u. S. Pacific command of air force bombers at the ready in guam. The u. S. Territory about 2,000 miles due south of north korea that
Russell 2,000, small and mid size caps all good. Liz todays rally started overseas as european markets had a string of gains. Big winner . Germanys index at levels not seen in five years. Investor sentiment in the country rose more than expected. The five year chart, and as you can see, best thing, getting close to the five year level. David gold coins flying off the shelf, you read about that, trading in spot gold is not following suit. It is down today, a little bit, but when you think of all the progress made by the gold coin sellers, youd think that would have a pop on the overall price of gold, but not so. Liz under the Radar Technology etfs that out performed. Internet index fund, moving higher, top holdings, google, amazon, and ebay, and the tech fund, ign, top holdings here, you may own them, cisco, qualcom, a gain of more than one point. David more than a stock market, theres a lot of things today, very interesting lineup of guests, big labor, obviously, about to take a devast