Relations between the u. S. As well as china, once get to stephen angle who joins us from taipei. This is an important speech steve. Stephen yes, it is. It is his first as the president , there he is with his wife coming out on the stage. Before the joint ticket was the joint ticket. According to analysts, that may be more of a diplomatic role in addition to the foreign minister now. Were waiting for his speech likely to be around the themes of building a democratic prosperous taiwan. It will be a continuity term, third term for the Democratic Progressive Party after eight years. He is likely to talk about bridging the political divide, building solidarity and also continuity president will bring stability. He is likely to mention something toward Cross Strait Relations and reaffirming that neither side is subordinate to the other so we are waiting to get the town of the speech and specifics about how his term in office might be different. Has Linda Stephen angle in taipei, we thank yo
Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
You picture that in power lunch starts right now. S. Hey, everybody welcome to power lunch for a wednesday. Thanks for joining us. Im tyler mathisen, stocks on track for the first down day maybe for 2018, and you want to be volatility you wont see it there look at those moves. The dow just peeking into positive territory by 0. 01 of a , led by the airlines, american, united, delta all flying a new tenmonth high and breaking news on the tenyear auction results Just Moments Away were above 2. 5 Home Construction stocks tracking for their worst day, folks, in more than a month. Morgan i am Morgan Brennan are Rising Interest Rates a threat to this rally we have all the angles covered Rick Santelli in chicago watching an auction of tenyear notes. Steve liesman here on set on the rapidly Rising Interest Rates, but we begin this hour with bob pisani where stocks are rebounding bob, whats going on slowly but surely, about you it started out rather rocky. Preopen, the futures contract, where ab
See as a fingerpointing on National News and everybody wants to point the finger at somebody else. And you just there to get the feeling like nobody is really taking responsibility for it. I hope the mayor is listening i hope some change happens to the city policies. I will take a stand and said i believe that man should never have been released, and any other city that would have been the case. San francisco needs to take action pam Kate Steinles funeral will take place tomorrow afternoon at the ruby hill winery in pleasanton. Reporter the suspect said he found the gun on the pier. Whether or not that is true we do know where it came from before. The bureau of Land Management confirms that four days before the murder one of the Law Enforcement rangers had his government orissued semi automatic handgun stolen, and they say that is the same gun that was used in the murder. At some point he stopped in the downtown area, left his car unattended and sometime between 6 at night and in night