That does it for me. Thanks for watching. Ill see you back here next weekend at 5 00 p. M. Eastern. My colleague, alicia menendez, picks up our News Coverage now. Thank you so much. Hello, everyone. Im alicia menendez. We begin this sunday with the future of the president s build back better agenda. Because this week, expect movement in the senate. Committees expected to wrap the final drafts of a Budget Reconciliation Package that would expAnd medicare, kield care, And paid leave among other democratic priorities. The Washington Post frames the stakes, writing, quote, strategists in both parties believe democrats are likely to lose the house And possibly the senate next year. So this could be the partys only chance in years to enact an expansive domestic agenda. The finished product will become the clearest picture of what todays democrats stAnd for. Supplanting the countless speeches, platforms, And tenpoint plans they delivered when out of power. But the legislations 3. 5 trillion P
good afternoon. welcome once again to power lunch. i m john for tte, energy up 13% this week and financials also down about 2%. it s the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. and airline stocks all lower as we get a clearer picture of what holiday travel will look like in this persistent pandemic first, let s get to bob pisani for more on the market action today. bob. hello, john what happened to our value rally? banks and things like that moving to the up side, energy stocks it got smacked by covid concerns and by the lack of stimulus. that s a problem what do we do? hey, let s go back and buy work-from-home stocks again. the docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. service, which is a big what we call a high beta mover on the day is on the up side. so are some of the semiconductor stocks but the rest of the technical area is pretty much split to th
hour plus wework woes the shareholder wants to shelf the ipo we ll have those details and discuss them later it s the momentum crush. investors are fleeing the stocks with the biggest gains and could be a warning sign for the broader market so pay attention power lunch starts right now welcome to power lunch. stocks are under a bit of pressure take a look at the nasdaq. that s getting hit the hardest as the momentum gains are selling off. on the flip side, we have small caps continuing their outperformance from yesterday. up by 1% two headlines affecting your money. stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when president trump said that he has fired the national security adviser john bolton over policy differences. that news also sending oil sharply lower. we are live to wrap up what has been yet another very tumultuous day. that s right. another dramatic departure from the trump administration we got a little m
markets the dow and s&p back within 1% of record highs. the nasdaq is higher today as well and 2% from all-time record highs. check out microsoft. that stock jumping to a fresh record high after announcing a $40 billion buy back, that s helping the do you today we ll have more on that later. lots of big names making big news leslie picker has all the market moving news and there is a lot of it. leslie it s a busy and eventful day. so i think we re going to kick it back over to bill and i m going to head to the desk and we ll continue our discussion. what a good idea. thank you, morgan. come over. we re wondering how worried investors should be at the alpha conference believe that our economy is being propped up by a strong consumer right now, should investors start worrying our push to record levels is going to stall out bring in brian jacobson with wells fargo asset management and christian amami is with investments. thanks for having me. a lot of the investors, the
s&p up 1.3%, the best day of february for stocks. almost every group within the s&p is higher. materials and financials in the lead only rae estate is lower nasdaq up 1.4% even the russell which led yesterday is up a percent on its own. a last week europe kind of was lower and we were resilient against that this week, sorry europe and the rest of world much slower. we have taken that lead each morning from the international and improved it. near the highs of the session. let s begin today in washington with the latest on the government shutdown. ylan mui has more for us ylan reporter: mitch mcconnell putting the ball squarely in president trump s court. gop senators just wrapped up the weekly policy luncheon meeting and senators came out and talked to reporters and they repeatedly said that this deal is a down payment on the president s priorities. first of all, i hope he signs the bill and second, i think he ought to feel feel free to use whatever tools he can legally