Right now. Welcome to power lunch. Im melissa lee. Stocks are trading in a very narrow range ahead of the fed. At the top of the next hour, the dow managing to hit another record intraday high. The nasdaq trying for its 11th gain in 12 sessions. Apple on pace for its Third Straight day of gains. It is up in the past weekment a number of big retailers also on the move walmart hitting another 52week high it is up more than 8 . Target, dollar general, the biggest winners in the s p right now. We begin this hour at the white house. Justin trudeau will arrive shortly for a meeting with President Trump. Trade, the topic eam eamon javers live. Reporter not a lot of the pomp and circumstance that you see with head of state meetings. We are waiting for Justin Trudeau to arrive any time now there has been a lot swirling around the bhit houwhite house s morning. The president woke up to an article in which thomas barrack, the real estate investor, criticized him saying the president is better tha
Lets begin with the record run for stocks, wall street eyeing new highs as we cook off the busiest week of the quarter. President trump standing by the 401 k , this is considering contribution caps as i away to ease the tax plan chuck robins will join us live to talk about the deal. Stocks are looking to make more history after the s p closed at a record high every day last week, marking it the first socalled perfect week in almost 20 years. Meantime, nearly 190 members of the s p are out this week, including amazon, microsoft. Thursday night will be a barn burner jim, whats important . I think one thing people have to know, were coming in hot its very rare we come in this hot to the biggest week there is whats going to happen, there are going to be some that do not hold up under close scrutiny this morning, the ones that did come out are setting the tone to make it so theres a way to be able to justify it, whether it be a little thing like or big thing like a tmobile. I come back and
Blockbuster contract. The fallout for fox and much more as power lunch starts right now. Happy monday. Stocks trying to build on what build the perfect week last week and its looking good. More record highs today. We pulled back just a bit. Earlier another record day and check out some of the movers. Investors arent playing around with hasboros week guidance. The biggest loser in the s p 500 right now but vans and vf corp going the other way. They raised their four year forecast. Also boosting their dividend by 10 . Im melissa lee we begin this hour with new comments from President Trump. Eamon javers is live with the latest. Reporter the president s with the Prime Minister of singapore today. Theyve had a number of events already. Some more on the schedule later on throughout the afternoon. Just within the past couple of minutes we saw the president sitting down there, you see the Prime Minister there in the oval office with the president. We also saw them signing a deal for Singapore
Coming the new bellwethers it could be argued that ge has not been a bellwether for a very long time. Meantime tesla shares also under pressure today over under certainty around whether the electric vehicle maker will be opening a new factory in china were going to separate fact from fiction on this one. And after the bell, soon youll be able to order takeout directly from the amazon app the head of amazon payments will be joining us exculusively to talk about the ecommerce giants latest announcement. Everybodys getting into the Payment System business right now apple pay, amazon pay. International, too. Alibaba pay, ali pay. Absolutely. Lets get to the top story out of washington. That would be tax reform and a major change being floated by republican lawmakers that could have a huge impact on your Retirement Savings cnbcs ylan mui is in washington with that story. Ylan reporter bill, a capitol hill source told me they were looking at lowering the limit on how much you can contribute
Stocks shift through levels and get cut back give me a terrific opportunity to pounce at weakness. On the clearly not so hot day, with the dow lost 54 points, the s p declined 4 , nasdaq climbed 6. 4 i think it pays to be optimistic in and out pessimistic about the stocks of companies that deliver good numbers which is why you need to circle back wen they come down on weekdays like today. First, you need to know what the winners and losers look like so you can distinguish them lets talk about whats working and whats not the winning season of whats going to be ahead of an amazing week, its the stop companies that are suppose to support sub par earnings the makers of seagate stock sored into the stratosphere with with good reason after reported. It was supposed to disappoint, it was suppose to flash its forecast, thats why there are almost no buys on this stock seagate reported to hideous quarters in a row and deals in a highly kmodtized product distrust western ceo went to giving them a