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street our house in the middle of th street welcome to power lunch. as melissa points out, another string of record highs for averages any gains by dow, as in dam and s&p 500 means a record close check out some of the big movers right now. sea world is taking a hit. reports the company is a takeover target. so why is it higher? we will explain later. constellation brands, company beating east mates and raising the outlook. constellation ceo joining cramer on mad money. the xlk is at a new 17-year high paypal, apple, microsoft, alphabet all leading the way there. we are looking at shares of regeneron. news that we reported earlier he that u.s. court reversed a ban on sales of the cholesterol-lowering drug, can you see shares up 3.5% tyler, back to you thank you very much welcome to power lunch. let s look at the dow. major move that republicans passed a $4 trillion federal budget resolution. it is the first concrete step to tax reform for procedural parli ....
welcome, everybody. i m tyler mathisen. little oscar joke. too soon, perhaps you? can see a lack of direction for your money. dow down 13 points right now. right now the dow, not doing a whole lot. even if we fall today, this has been the dow s longest win streak since all the way back in 19d 87. of course, all eyes will be on the president s big speech tomorrow night. melissa? i m melissa lee. busy monday at the white house. the president making his first budget proposal, talking with ceos of a number of health care companies. eamon javers is there. eamon? reporter: obamacare, which he calls a failure, disaster and teeing up his own plan to replace obamacare later this year. he s meeting with health care ceos at the white house this morning. here is what the president said in teeing up his criticism of the obamacare act. we must work together to save americans from obamacare. you people know that. everyone knows that at this point, to create more competition and ....
york. rami: out of the white and into the red. we are turning around from two days of gains last friday in of the red, but not so severe. the s&p 500 is the biggest lacquer, down by about half a percent. the nasdaq not too far behind. as betty said, part of the reason is because of saudi arabia saying that they are not going to hold back on moving head desperately ahead on capex moving ahead. that, there is a factor coming out of china, diesel demand dropping for a fourth straight month, that means that industrial activity could be falling down. let s take a look at what s happening with the s&p year to date. downtrend the general from the start of the year when we saw that global route happen, all the way through about the middle of last week. that was when ecb president mario draghi said he could pull the trigger on more stimulus in march. out of china, we are seeing that led down leg down. it is a fairly broad selloff right now. materials are down by about 140 ....
back to the floor of the stock exchange with nicole petallides. stocks posting modest gains with a long way to go to make up losses. nicole: the late losses friday we got 200 points to virtually flat. yesterday we drop 243 points so clearly we have to make enough on wall street. if you are able out there with some up arrows earnings were better today than we have seen over the last three trading days and that was something that contributed to the selling. dow jones industrials up 30 points. the gain is 1/4%. and again like the s&p 500. three 2 dow components, first in boeing, first quarter profit, the profit is something to watch, down at 6% and hurt by higher pension costs. they did raise their full year diet and that was good news but they miss the analyst estimates. it is now 3/4%. third quarter revenue missing the estimate there. the other thing at&t to note, this name is coming. lori: oil extending loss of trading down for fifth straight day. phil flynn with the fu ....
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