Nyc. Kara fisher is here. Only she can get away with the sunglasses its bright in here yeah, absolutely. We always talk about what the lead is. Yeah. After the first night what is today . Were doing our best, were so sorry well try to improve for most of the Big Companies. I think it was interesting you know, a lot of them are very admitful about the problems theyre having and trying to tend towards solutions and the things that are coming and just wait to see what were going to do it was a lot of im so sorry for a long time the conversation was, boy, mobile is huge hook how fast these Certain Companies are growing. Look how it is changing the world. Look at china. And now will is not so much talk about growth and competition anymore. Right its about youre already big. Yeah. Snou youre innovation is going to be how awe void getting regulated to death or please regulate us we look forward like andy jasy which is a massive company, talking about how he didnt want to get spun off because
Three major indices. The dow industrial down by about 1. 1 , the s p and the nasdaq down by about 1 1 2 . If you want to look at things month to date, we are on track for the worst month of the year, if youre looking at the s p, if youre looking at the nasdaq. If youre looking at the dow tr transports. The dow industrial is off by 3. 1 . S p down by close to 5. 2 , and the nasdaq is down by about 7 . The russell 2000 has fared much worse, down 7 1 4 . Dow transports are down by 5 1 4 . You got admit the irony of 90 of the people we talked to finally threw in the towel visiting the october lows, right when this was ready to head back down. Never mind. But they did. Its counter intuitive. Its uncanny. If you could figure out opposite day always. Always opposite day. You could do well. You give jason trainer props for sticking with it. Yes. Saying he thought things were going to come down. Because i was so obnoxious to him during the whole rally when he went nuts. Yes, you were. Treasury
china. plus sustainability becoming the new standard president trump says the u.s. will join the trillion tree initiative, and global business leaders continue to say there is growing demand for companies to do right by society. and we welcome back our own sara eisen live at the world economic for numb davos, joined by the chairman and ceo of u.p.s. later on this hour. futures are down aed has of the open the deadly virus outbreak in china is cooling globally as top business leaders meet in davos for the world economic forum the president touted the recent rally in the stock market as his impeachment trial in the senate gets under way in washington listen to what he said years of economic stagnation have given way to a roaring geyser of opportunity. u.s. stock markets have soared by more than 50% since my election, adding more than $19 trillion to household wealth and boosting 401(k)s, pensions and college savings accounts for millions of hard-working families a lot
Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
Coming to facebook. What everyone is talking about, awards season in hollywood. Multimillion dollar marketing. Fashion police, high stakes. All for a gold statue. The oscars, march 2. We got the nominees this morning. Best performance by an actor in a supporting role. Bradley cooper and american hustle. The wolf of wall street. Jerrod l in dallas buyers club. Jennifer lawrence in american hustle. Best performance by an actress in a leading role, amy adams, kate blanchett, sandra bullock, judi dench. Best performance by an actor in a leading role, Christian Bale and american hustle. Matthew dicaprio, mcconaughey. Her,rican hustles, 12 years a slave. If anyone knows how to win an oscar, harvey weinstein. Behind the brother team the weinstein company. And won for kings speech Silver Linings playbook. Many say mandela was snubbed. Jon erlichman asked him how he felt about the chances. The awards are a way of getting publicity to the movies that deserve it. Tomorrow night, comic book movies