Im wilfred frost. Im Morgan Brennan in for sara eisen good morning. Lets get straight to the market picture. Resounding performance yesterday. The dow and s p up 1 . The nasdaq up by a half percent. Banks really soaring, sort of perfect storm for them yesterday. The new fed chair talking about raising interest rates, also talking about not increasing bank regulation, reforming the volcker rule and progress on tax reform banks disproportionately pay full tax rates, thats why the russell soared 1. 5 . Transports, too transports as well. Good day across the board for risk assets. Its good for the dow, good for the s p, up 48 points or so on the dow. The nasdaq is just south of the flat line, down 6 points bitcoin surging to a new record high, above 10,000 over night it surged as much as 4. 4 earlier, now 8 . So its 10,700 in asian trading hours. Its capped more than ten fold increase now this calendar year. Extraordinary run continuing up 9 10678 9 , 10,700 almost 11,000. I wonder how muc
Lauren, selected thing shops in europe at the major averages there appeared to put you down 40 points per at the 28. Cheryl in asia despite the Missile Launch, stocks in japan up half a percent. Stocks in korea ended flat. Dream for a milestone in the market. Bitcoin soaring to the 10,000 points for the first time in history. Fbn am starts right now. Picture into a 50 in your new york. Friday on trend wednesday november 29th. Lauren the u. N. Set to claiming the nuclearcapable weapon can reach anywhere in the United States. The video shows the missile similar to the latest one. Its the third time north korea has ever fired an Intercontinental Ballistic Missile in this time it lived for 2800 miles into space for about 50 minutes. It went higher frankly than any previous shots theyve taken. The research and Development Effort on their part building Ballistic Missiles can threaten everywhere in the world basically and dave responds the South Koreans have fired some missiles out into the w
The nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2 if you look at whats happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0. 6 . Stocks up across the board in the other countries. The dax in germany up by 0. 9 . A gain of a half percentage point in france. Crude prices, wti around 57. 50. We are up another 55. Yeah, market was up 255 yesterday. Think if the market was down 255. Think of what we would do with 160 point observe a down day or 190 as far as the sentiment in this market right now, if the market were to go down we take it in stride when we hit new records. Yeah, the market is going up. Maybe its powell or tax reform. Thats 300 points this morning, if we went down 300, you would be every newspaper, they would have picture traders going stock shot. Stock shot. Is that what they call those . Stock shot. Stock photos. Not about stocks. No. About something that you got on file
Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.
Congress now to hold congressmen and senators accountable for their sexual misbehavior. Our special guest, a man who is working toward that very objective. Congressman ron desantos, today, introduced legislation to expose taxpayer funded Sexual Harassment settlement to seek rest agrestitution of taxpayer. And eliminate the congressional hush funds, tonight, fbi informant to testify on crooked Hillary Clintons collusion with russia. I will talk with the inform ants attorney about that evidence that shows a pattern of russian bribery, Money Laundering and racketeering in support of Russian National strategic objectives, including act ac acquisition of uraniu. And good news of the day, market soaring as Congress Moves closer to actually cutting our taxes, dow posting 62nd record close of the year, 60 points short of 24,000. Top story, firing of matt lauer for Sexual Misconduct. It continues what is a wave of allegations of Sexual Harassment against hollywood, television and media personal