The holiday. Lets get this show on the road, power lunch starts right now welcome to power lunch. Im will stocks lower this hour, nasdaq and russell 2,000 did manage to hit record highs before pulling back Oil Pushing Higher in more than two years and check out individual movers as well. Amazon hitting alltime highs today. Under armour reing but the stock on pace for its worse year ever. More than that ahead serna, expected to announce a deal with the company and gamestop rallying posting strong results. Michele . We begin with this hour with ubers hack attack millions all over the world have been affected whats causing outrage however, uber paid money to cover it up joining us now with the latest, deadria . Hey, michele, the names, emails, drivers license numbers of 57 million riders and drivers were exposed uber paid as you said 100,000 in hush money to the hackers and hid the breach for the public and regulators for a year. Drivers are only now finding out if they were affected. I s
Missile launch there the last hour or so lets get to eamon javers at the white house to sort this out for us eamon . Reporter were expecting to hear from the president in the roosevelt room at the white house. We dont know what topic hes going to be speaking on. This is a moment where theyre allowing the press pool to come in to a previously scheduled meeting. That meeting was going to be with democratic and republican congressional leaders, but after the president tweeted about the Democratic Leaders earlier this morning and said he saw no hope for a deal with them, the democrats backed out of this meeting. The republicans are still tae attending. The white house says the invitation is still open for the democrats to come to the meeting. You can expect well see a few empty chairs in the meeting where nancy pelosi and Chuck Schumer would have been sitting. The president might address that in his remarks to the press pool which is waiting to go in as we speak. He might also talk about t
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.
Off. Best way to describe todays move, moody. The euphoria that saw the blue chip index soar more than 300 points following the weekends passage of the senate bill, that euphoria was mostly gone by the closing bell. Theres a sense investors are to figure out which sectors will benit whi wont from the tax reform. That could be why the techheavy e Dow Jones Industrial aver was up 58 points. Nasdaq was off 72, more than 1 , and the s p 500 up for much of the day, was down almost three. Despite todays mixed finish, the market rally this year has really been impressive. What s investors do now . Mike san tolli takes a look. Reporter i and that moment market when investors are asking to lock in gains or let them ride. The index is on an eightpoint win streak and only revenue in nine straight mondays once since 1980. Stocks have begin pricing in the expected windfall from a big Corporate Tax cut and the Economic News has been unusually good for months. The strong 2017 rally has also left many
Yesterday stocks had steady gains throughout the day the s p 500 snapped a threeday losing streak and the dow was up for the first time in three sessions overnight in asia, nikkei was up by 1. 4 . Hang seng positive, up by 1. 2 shanghai composite up by a half percentage point breaking news out of europe. Uk reached a brexit deal with the European Union willem marx has more on that story. Good morning good morning. This is good news for theresa may, the british prime minister, she can go back to london from brussels and present her cabinet and the country with evidence shes managed to get the conversation moved on to truck being britains future trading relationship with the European Union, a major factor driving that brexit vote last year in terms of the european side, theyre happy that some concerns have been addressed, specifically over the irish border neither side wanted to see a hard border between Northern Ireland and the republic of ireland. Leo varadkar, the irish prime minister