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most critical for brick and mortar stores. with the last minute push to buy gifts, many will be heading out to the malls or local shops for fear that packages won t be delivered on time. in fact tomorrow is super saturday, one of the busiest shopping days of the year. and it falls at the tail end of the holiday season in which most retailers earn a sizable chunk of their holiday sales. courtney reagan caught up with last minute shoppers at the queens center mall in. reporter: if you haven t chd off your christmas list yet, you are far from alone. i just started, because i work all the time, so today is my first day of shopping, i m not even close to being done. i m stressed. none of it s done. we re just getting started and i have two days to finish it. reporter: half of u.s. consumers are expected to hit the stores in the final hours before christmas. last year consumers took advantage of deals starting early in november. my holiday shopping has been pretty o ....
welcome, everybody, to power lunch . i m tyler mathes the win streak for the s&p is clearly in jeopardy on this friday, this jobs day. mornings job report, the s&p, six record closes inthe row. the longest streak since way back in the clinton era, 1997. financials, the best for forming sector today xlf hitting the ten-year high. the move could be a result of the treasury treasury today recommending looser financial market controls repealing sections of the dodd/frank act and biotech is on the move with the ipb hitting nearly 2.5% for the week speaking of highs, netflix s all-time high after it announced price hikes yesterday. costco surprisingly the worst performer in the s&p 500 it is rarely that. but it did report a drop in profit margins and that will do it, pete. michelle the stock is getting hit hard, but we begin with the jobs report 33,000 jobs lost last month. the hurricanes being blamed for the first monthly decline in seven years. so should investors just ....
the president broke the news in his favorite way, over twitter. writing, quote, i am pleased to inform you that i have just named general-secretary john f. kelly as white house chief of staff. he is a great american, and a great leader. john has also done a spectacular job at homeland security. he s been a true star of my administration. mr. priebus is the former republican party chairman, and he clashed with other officials in the white house, including the new director of communications, anthony scaramucci. john harwood joins us tonight on the phone from washington. john, welcome, good to be with you. how big a surprise, john, is priebus departure? and how big a surprise is the appointment of kelly as chief of staff? well, i think the departure of reince priebus wasn t a surprise. the timing was a s i had been talking to people during the day who were saying, you know, sometime in the next couple of weeks, certainly by labor day, so, that wasn t unexpected. john ke ....
power lunch starts right now. all right, welcome, everybody. a big show as you can see. the dow, the nasdaq and the s&p 500 are all higher. but is the stock market getting a little too cozy with one likely election outcome? we ll tell you why the races you aren t watching may be the most important of all. meantime, the big sectors also higher across the board, health care really the standout, shares of united health are soaring. also, look at the semiconductor space. chip stocks on pace for the best day of the month. intel, big upgrade. we ll tell you about that. brian, thank you very much. welcome, everybody. i m tyler mathisen. here is what else is happening at this hour. millions of social security recipients will get a monthly increase in benefits next year. how big? .3%. that is the fifth year in a row that older americans will have to settle for those historically low raises. starting today, at&t customers can talk, text and use data while they are in cuba. ....
sue herera is off tonight. well, door busters for stocks on this black friday, consumer were out shopping for bargains while investors returned from thanksgiving to buy up equities. the dow, the s&p 500, the nasdaq and even the small cap russell 2000 all closed at records. extending the rally seen since election day. stocks have risen sharply on expectations that the president-elect will cut taxes, redu reduce regulations and spend heavily on infrastructure. today, the dow industrial average rose to 19,152. the index closed at a record every trading day this week. the nasdaq added 18. s&p 500 was up eight. and the major indexes saw their third straight week of gains. about 1 57b9.5%. the old cliche is that the markets hate uncertain thety. trump s election removed some of that, but the market s power fu raply since november th is built on a lot of promises and campaign intentions often improve hard to achieve, so, our stock, pricing in too much anticipation right now. h ....