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.
Broadcoms higher by 4 . Meantime the gop tax reform bill has been revealed former fdic chair sheila bair will join us to talk about the impact that new plan could have on the Financial Sector. Meantime the housing recovery is, its recovering a bit today after getting hit hard on the news of the mortgage Interest Deduction cap that the new tax plan proposes. We got someone, though, who says this is a major buying opportunity for that sector. And he will explain why coming. We start today with apple. That stock hitting all time highs as the iphone X Hits Stores today josh lipton is at an apple store in, where else, palo alto. With the latest. Josh reporter well, bill, i can tell you the first guy on line here at this store right behind me actually arrived on tuesday night. I also ran to another, someone i met with the iphone 8 launched, he was back here today he was going to give his 8, he told me, to his sister hes going to pick up the iphone x. We asked fans online why they were excite
With him, a raucous rally in ohio last night. Like the old days of the campaign. This was trump v. The republican establishment. The crowd was clearly on his side. Meanwhile today, in the swamp, the senate votes on a straight Obamacare Repeal bill. The replacement plan went down to defeat. None of this appears to have any effect on investors. Same old story. Politics is a mess but stocks keep going up. Profits are so strong that the dow is on track to hit yet another record high today. Are we getting used to this . A chaotic presidency. A donothing congress, and wall street on a tear . Thats the story of the morning, and varney co. Is about to begin. [cheers] hes a young one, hes going back home to mommy. Boy, is he in trouble. Hes in trouble. [laughter] hes in trouble. And ill bet his mommy voted for us, right . [cheers] shall we call that an interesting incident last night as the president addressed a very big crowd of raucous supporters as we said it was indeed, a raucous rally. Mor
They have some democrats even some republicans up in arms during his 41 year career. They close it for leaders around the world. He would need 51 votes they have a handful of senators. We are accustomed to some pushback from democrats but you have rubio, graham and mccain also far saying this might not be the guy. The president elect has allowed the nominee who he thinks is can can be best for these positions knowing he actually hasnt nominated him yet. He deserves a free and fair hearing in the senate. This initially i dont know a ton about him yet. In the press they been talking about. Him and bolted as a deputy secretary. I think that will be an excellent pairing because john bolton knows how to run the office. He notes what its like in the state department he knows how to effect real change. Affect real change. That was encouraging for me. What does everyone think in oil ceo is going to do. Well had to wait and see what he says on the help for himself. How would this be different.
Thank you, john. I am delighted to introduce paul , the director of the center for vision and values, which focuses on advancing freedom with christian scholarship. Paul is also a visiting fellow with the Hoover Institution on war, revolution and peace at stanford university. Hes a frequent contributor to msnbc, cspan and fox news. In addition hes written for the New York Times, wall street journal, Political Science quarterly and many other publications. Among the numerous books he has offered are the crusader, Ronald Reagan and the fall of god and of Ronald Reagan, god and george w. William p. Clark, Ronald Reagans top hand. Today i am excited paul will be focusing on his newly released book, dupes however service have been manipulated how progressives have been manipulated for centuries. We are looking forward to hearing your discussion on this aspect of history the prominent role of the duped. Please help me welcome dr. Paul kengor. [applause] thank you, heather. John and everybody