Tenth Straight Record close driven by all the names that worked all winter long plus a strong read on Retail Holiday shopping numbers do not disappoint. And jobless claims fall pointing to continued strength in the labor market joining us for the hour, anastasia om row sew it is great to have you with us. Great to see you. What do we make of this its typical. We melt up into year end i mean, think about all the things that got resolved in december weve got the phase one basically a done deal between u. S. And china maybe a little bit overlooked by the usmca getting passed by the house. Weve got a lot of good enthuse. We started to see the inflection point. Whats interesting in the internals of the market is what people are buying. What do you do when the s p is up almost 30 for the year you start to look for the laggards its emerging markets, health care, energy those are the ones rallying the most to break down those areas you see opportunity over the course of the hour. For now lets
And message next week. You see the ten year there at 430. Small cap, russell 2000, up slightly today. Off 2 for the week. We have some soft guidance from adobe. Thats weighing on the software sector. Pulling down the nasdaq by almost 1 . While energy shows pep on a strong run for crowd prices this week crude prices this week, happening on a quarterly session featuring heavy index rebalancing at the close in less than an hour, as well. Which takes us to our talk of the tape. Is all this churn just about an overheated market cooling off a bit after a rapid spread higher, or is it the start of what would be the first notable broad pullback in some five months . We posed this question to cic wealth executive Vice President and contributor, malcolm, welcome. Good to be here. Were up 16 of 19 weeks in the s p. Havent had a 2 pullback on a closing basis in one of the longest stretches in history. Which leads you to say, okay, were due for some chop. On the other hand, you know, theres the arg
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
Stocks are going to end. Ceo jimin charge, moran, joins us later in the program. First, markets. David in the markets this morning jonathan in the markets this morning, s p 500 futures down. Over in europe, a day of gains. The ftse up 510 and the dax up 1 10 of 1 . We will get through the other Asset Classes for you. Cable, big story. The pound at 144 as i speak and the euro at 1422. 47. 75. Ti up about 1 10 of 1 . Around the world and check in with our Bloomberg Team for indepth coverage of our top four stories. Mike mckee on a barrage of u. S. Economic data this morning. Guy johnson has details. Will kennedy is in london for the latest on the oil rally and home depot beats the street. We will break it down with matt townsend. In new york. Plenty of Economic Data including Consumer Prices, and housing starts. Michael mckee has great sense with his presence. This is all about inflation. How decisive will todays cpi really be . , for twot be decisive reasons. The feds target is based on
The police helped tonya taylor as she was shot trying to shield her four sons. She said she wanted her boys to join her to protest the incident. She also said thank you for being euros and today, her 12yearold son wants to be a cop when he grows up. That is the america i know. [applause] president obama in the aftermath of the shooting, we have seen the mayor and chief round, a white man and a black man, with different backgrounds. Working not just to restore order and support a shaken city and a shaken department, but working together to unify with strength and grace and wisdom. And in the process, we have been reminded that the Dallas Police department has been at the relationsof including between police and the community. The murder rate has fallen, complaints about Excessive Force have been cut by 64 . The Dallas Police department has been doing it the right way. [applause] president obama and so, meier and chief round, on behalf of the american people, thank you for your steady le