Welcome to power lunch, im contessa brewer. Another strong day for stocks as all three indices look for a winding streak the dow is up about 143 points, a slight pullback from where we were a half hour ago both the s p and nasdaq are on pace in more than six years and both indices up 5 health care the best performing sector today johnson johnson, pfizer, eli lilly among the big gainers. A couple beatendown names moving higher, ge back above 15 a share despite being hit with a shareholder lawsuit and snap is now up 50 so far in february. Three hours left in what has been a huge week for stocks. Bertha coombs is at the New York Stock Exchange bertha it has been quite a big week. Its been two weeks since we had that downturn starts and after consuming a lot of rocky road ice cream, today it feels like vanilla. If you look at the major averages in terms of where they are from their highs back at the end of january, the nasdaq here within 3 of its all time high in january as weve seen a big
Indictment, we know who that individuals are in the company. It goes back as far as 2014, and apparently they were impersonating u. S. Entities and individuals as they try to interfere with the election. We have any idea of the location of these people or where these companies are . Kevin that is where this is all headed, whether or not number one, these russian folks and businesses are going to cooperate with the u. S. Authorities, and we have seen of course, some backandforth on this. Think back to other week with the Treasury Department announcing a list of companies, and it was greeted with criticism from republicans on capitol hill. The question because of the russians will cooperate and will Vladimir Putin have a response indictment ong u. S. Authorities. President trump cast doubt on russian meddling on elections, but tell us a little bit about what his stance has been so far. Be aere is going to crowded gathering watching him to part for florida as a result of todays developmen
Seek interfere in the United States political system, including the 2016 president ial election. They conducted Information Warfare against the United States. With the stated goal of spreading distrust towards the candidates and the political system in general. According to the allegations, 12 of the defendants worked at various times for Company Called Internet Research agency, llc. Its based in st. Petersburg. The other defendant funded the conspiracy through companies known as concorde management inc. Consulting llc, concord catering and others. The conspiracy was part of a larger operation called project lock dog. It included components, some involving domestics in the russian and others targeting foreign audiences in multiple countries. Internet Research Agency operated through shell companies. They had creators of fictitious personas to technical and administrative support personnel and an annual budget of millions of dollars. The structured organization and arranged into departm
Remember the president going after solar panels from china and watches from rio, this could expand to aluminum and steel products. Wilbur ross will detail what he feels is proof that some of these products getting dumped on this country and our response might be tariffs. Theyre not spelling it out in so many words but they are threatening in lots of words. We will detail shortly. Keep an eye on this. It does seem to indicate the administration is upping the trade war anti if that is indeed the case. We will keep an eye on the. The dow is up 173 points. Meanwhile a lot of secondguessing overshooting this week in what authorities knew about nikolas cruz and when they knew it and if the fbi could have stopped the sky there is information that they were aware that nikolas cruz threatened School Shootings down to the unique spelling of his first name, he spelled it with ak. Those injured are wondering what couldve been done about this. Theres so much we dont know. What we do know seems to h
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin