Lows the ceo will be here to tell us how he and his company delivered. Plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president Robert Robbins will join us, as power lunch begins right now. I cannot wait for that story. We wait for the beige book from the fed. Dom chu has more on the markets. So the dow is up almost 300 points at this stage, the highs of the session more importantly were keeping close to dow reclaiming record territory. Anybody who has tuned into power lunch or cnbc in general the last several months knows we continue to make these record highs with the s p 500 gold star there. The nasdaq always creeping higher here. Believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, were talking north of 80 ga
Tology is once again a right spot. Nasdaq gaining 30 points. Company is planning to unveil a series of subscription bundles with its iphones this fall. Apple inching closer to the true trillion dollar milestone. Fox Business Team coverage, blake burman at the white house. Edward lawrence is in washington. We begin with blake burman. Hi, there, blake. Reporter cheryl, democrats, republicans phase four deal, 2 1 2 trillion dollars give or take apart. President trump says the biggest hangup is a fraction of that. 2 1 2 billion dollars for mailin voting and 25 billion for the post office which is what the president wants. Here is the president speaking to Maria Bartiromo earlier this morning. President trump if we dont make the deal, that means they dont get the money. They just cant have mail in universal vogt. They cant have it. Sort of a crazy thing. Reporter democrats say right there, acknowledging not going forth with those funds would restrict access to some in upcoming president ial
Looking for 0. 1 and fed minutes at 2 00 p. M. Eastern time. Our road map begins with the virus risk for stocks. Investors closely monitoring the potential economic fallout of the coronavirus outbreak as the death toll crosses 2,000 plus tesla stock is spiking again, why one Analyst Thinks Energy Generation and storage are the next big thing to fuel the companys growth shares of dish network rallying the satellite tv provider beating estimates as pay tv stubs decline but at a slower pace stocks are poised for a positive open after the number of new virus cases falls in Mainland China and chinese officials announced fresh measures to support businesses struggling due to the outbreak globally the number offen could firmed cases exceeds 75,000 with confirmed deaths surpassing 2. Lowest number of new numbers for the month so far right with we dr. Fauci on yesterday, at closing bell and he was the most optimistic i think of the times he was on. He did point out, he was asked a question what
Meet the new flu, same as the old flu, except it spreads faster and more easily the dow gaining 116 points,. 47 , and the nasdaq. 87 , record highs. But you know what, you know where the real action was, it was in the highest of flyers and the basis of speculative stocks. Thats what withe need to focusn partly because of the coronavirus and the old guys will say, this is the top i dont think that but im giving them their due what am i talking about, Virgin Galactic, plug power, and countless others that have become the darlings for younger investors. Look at my twitter feed. Read reddit, rather than reading the register for the news hour. Speculation, i think its good, even essential, essential to speculate on stocks, just part of your discretionary market youve got the retirement money, of which is completely wrong to speculate on, then you have a mad money portfolio, a group of stocks, within that group of stocks, you can have speculative stock. One or two i wont try to talk you out
Ready to go. Halftime report starts now. Welcome good to have you with us on this monday our Investment Committee is here with us. Chief Investment Officer at boston private wealth. Begin with stocks battling back heightened tensions in the middle east continue to drive trading. Watching gold, oil hit highest level. Weis, happy new year, havent heard from you in a few weeks. The question we have today, are the risks becoming too big to overcome this rally . I dont think so. I dont regard happening in iran as geopolitical risk a factor. Weve seen it so many times before markets have gone through it if oil has a sustained rally and moves higher, that will impact the economic picture particularly in europe i dont see that happening either were the large zest producer. We can measure demand to meet prices to me a bigger risk that just came out is bolton testifying in congress in the impeachment hearing. Youre reading news its literally just crossing the tape we might as well tell everybody