59 minutes left of trade nasdaq 100,. 2 from a record closing high set in february hard to believe. Seriously is hard to believe. Were up 0. 4 . Coming up on todays show, despite growing dissent, tech stocks once again nearing all time highs well discuss the outlook for the sector amid new challenges with investor dan niles. Plus, powerful words from one of the biggest icons in sports, nba lenld, Kareem Abduljabbar will join us with his compelling message for all americans about the need for what he calls a rush to justice. Lets focus in on the big stories we are watching in this final hour of trade. Mike tracking the Market Action as always. Julia boorstin following the cory russ of dissent inside facebook and courtney covering the civil unrest mike, start us off with the Broader Market and this continued strength we are seeing yes, continued, persistent strength its a day when its gone a little bit away from the nasdaq leaders that were were so familiar with. That trend has remained
[cheers and applause] desus welcome to the daily show, my name is what . Desus desus thank you. Unfortunately, its my last night hosting. I know, i know. But its been an awesome week. My biggest his appointment as i wasnt able to mention the bronx 144,000 times. I was hoping for more. So one last time anyway, we got a great show for you tonight so lets get into some headlines [cheers and applause] lets kick things off with a Supreme Court justice who has accepted more gifts than makeawish kids. Clarence thomas every day theres a new story about thomas accepting lavish gifts from his richass friends and not reporting any of it. Now hes in more hot water because somebody bought him a jacuzzi. Just kidding, it was an rv. Clarence thomas has been an rv evangelist for decades, traveling the country in a 40foot luxury motor coach that he purchased in 1999 after borrowing more than a quarter of a Million Dollars from a wealthy friend. But a new report from democrats on the Senate Finance comm
Exodus out of stocks. Note the nasdaq in particular, it is getting clocked right now, down 256 points or about 2 . Look at the vix, or volatility index, it is the vaulting much higher right now by 14. 33 . Just off the highs of the session here, it stands at 20. 14. We need to flag you that the dow has turned negative for the year. Now work with me here, a loss of 286 points or more at the close will do it. Right now we are well beyond that. We are losing about 457 points on the Dow Jones Industrials, falling below 33,000 right now. We stand at 32,972. The bears drawing blood from the broader market. The s p point loss stands at 63. Investors diving for cover as the vote this just the last 19 minutes to table florida congressman matt gaetzs motion to remove the speaker of the house failed 208218. 11 gop members voted with all democrats in voting no on this motion the table it or move it aside. Right now, many just a few minutes in just a few minutes, we are going to get all the details
January on better than forecast earnings syria take a look at the s p 500 a year to date shows 3 . Index of one point that is a look at the year to date chart. Up one point 36 . Nymex crude is on the rise. T is up just over 1 take a look at the chart there. That a year chart or is that today . Fourmonth chart down just over 4 . Trading nearnt bear market territory. Also looking at the fourmonth chart there. Ar market chart. Taking a look at consumer confidence, dropping the most since 2011. Where did treasuries and up . Where our treasuries trading right now and . Yield are still going out. That partly has to do with maybe the fed and the fact they are holding their first of their twoday meeting. Yields rising for the first time in a week. They had been declining in response to much of what we are the in china and around world. Finally, currencies take a look at the dollar rising for the first time in four days versus the yen. In stocks and commodities, that slow down. Stabilizing the
Average. It definitely reclaimed a lot of good levels here, that we will see if we can fold it into the close. Scarlet i no you have been focused on bp. Bp reported its worst quarterly profit in at least 10 years, but the stock is up, and this chart shows why. This is looking at quarterly cap x reductions, and you can see that though about 20 to 4. 7 billion in the last quarter. Bylooks to really be down the fourth quarter, by about 5. 5 billion. Brown bars oure projections and the yellow bars are what have been reported. Back,if youre cutting you are trying to live within your means and your cash flow, which by the way, a six and 5 yield, i did not even know that going into this order. Three monthss says ago, it was 20 billion for the year. Now it is less than that. Scarlet they are right sizing. They are making the adjustment. The background to all of this is the dollar, which is strengthening against the euro and the yen. The brazilian ray owl is up there. Their commodity currency h