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A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and regents financial. With us on set you saw his finger, lets show the whole person, the one and only guy adami. Josh brown was walking off set. He yelled my name, i looked over at him, im sorry. Lets first talk about the tech selloff. Start to roll over at 12 20. You pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. Nvidia sticks out to me. Its been on everybodys radar screen. At 1 00 it traded is 50 ....
Plus more ceos head to trump tower. And another automaker, another emissions probe. We will fill you in on that. But it is all about the banks this morning. Wells misses, j. P. Morgan beats, b of a posts some mixed results. Jim, you just tweeted enough with the binary trade. What do you mean by that . Were in a difficult situation here because there are people whove been saying the banks have run up so you got to sell them. Thats trader talk. When i was at a hedge fund i would say ill put out bank of america at 23 buy back at 22. 88. These are unbelievable quarters, theyre unbelievable because theyve become growth stocks, cocacola, they do not have the ability to run this organic growth. These are remarkable quarters and we just started. Bank of america haechbt seen the gains yesterday. Numbers im looking at ive calculated 100 basis points in fed increase, you get 3 billion more. Just added on. Do you think that Proctor Gamble can ....
Probably mid to late morning, maybe in the afternoon but it is warm air moving in but ground is still cold. That is producing the fog. Okay. It will stay dreary but mile. We have a january thaw. I will take those 50s. We have 50s in the forecast. It will be a large storm that does bring rain late in the weekend into next week. We will talk about that. But until they will this mornings commute driving around leave extra caution. Visibility down to a quarter mile in some spots over next few hours. Other than that we are dealing with mostly cloudy skies but noticeably mild. There you go. The center city we have a few areas of wet roads due to some mist. You can see most of the tops of the buildings covered with some fog so not real dense right now here in the city. Fortytwo is the air temperature with the calm wind this morning, patchy dense fog visibility under a quarter mile especially further inland you are, use caution caution and right around 9 00 oclock or so, maybe an hour or two a ....