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And welcome to power lunch. The dow is up above the 25803, holding on to 26,000, up by. 9 of a percent and big games in ibm and boeing. More ahead and Goldman Sachs shares taking a hit on the back of the earning. Well take a deeper dive into the numbers in a few moment. Thank you. Welcome, im tyler mathisen. And here is what else is happening at this hour facebook, google and twitter fold up to capitol hill and are telling congress they are going beyond screening and removing extremist content from their services they are actively fighting against that content and terror. Senate Banking Panel voting again to approve j. Powells nomination for the next fed chairman the vote advances his nomination to the full senate floor and home builder confidence slipping this past month but still hovering near an 18year high melissa. The dow back on the upswing after yesterdays selloff. Bob i ....
Investors closely watching the d. C. Tea leaves for signs of a shutdown. Apple does appear to be poised to repatriate billions in overseas cash and flepledges to create 20,000 over the next five years and over a new campus. Morgan stanley beats the Investment Bank reporting growth across the board first up stocks are coming off best day since november. The dow closing above 26 k for first time the s p and nasdaq seeing fresh record closes. The tech sector led the way posting its best oneday performance. Got to go back to october, jim, for tech having a better day than wednesday. There were two tech rallies yesterday. There was one stimulated by asnl its a european company, they make gigantic, the size of city buses, capital equipment, machinery and they say listen, the demand for semiconductors is off the chart. That then triggered a big rally in the Texas Instruments of ....
Joe, you get the first crack at that question, i think the question becomes, what goes long youre long the fang names and gogo names. But if a certain point oil keeps going lower, i think that becomes a problem for the nvidia, the highgrowth momentum type names pete, there was a time when if oil was falling out of bed the way it is now, you know, its 42 bucks, the market would have had a conniption over the whole thing and not so much, why . It seems to me the focus has not been on oil. We did have all of those reactions and weve stop reacted to that. Everybodys focus continues to be on recently the focus is the financials and this breakout up to this 24. 5 level. Even on days where were going down, the financials have hung in pretty well sure, theyve given back here and there. But overall, look at how the financials are trading, that is we talked about financials and energy not participating, were starting to get some participation from the financials thats making up for the energy ne ....
Najarian lets begin with a look at the major averages boy, what a different story it is at this very moment s p and nasdaq are positive. The Dow Jones Industrial average, knocking on the same door, as well. Josh, this is a far different story from how it looked a half an hour ago. Yeah. This is what its come to this is the big pivot, scott hes pivoting were looking at the future of employment for certain people in the white house, is now the main driver for stocks like, intraday in late august, when all the real money is out at gurneys, you know, yes. But bigger picture, like, i dont feel like this is really changing peoples positioning, whether or not Goldman Sachs is going to win out over the clan inside the white house like, i dont i really dont feel like the position has changed that much. Lets keep in mind, though, s p was 2. 7 off the high this morning at its lowes ....