After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Have ever seen tweet us your thoughts welcome to power lunch. Im melissa lee. Wall street carving out some nice gains the dow and wall street pushing to highs s p, zi oons and jpmorgan author industry, the recreational vehicle ceo speaks with jim cramer tonight on mad money. Check out unilever it is going higher no final decision has been made yet. Emerson electric up more than 2. 5 the company withdrawing its 225 per share offer to buy Rockwell Automation rockwell, also higher. Thank you very much welcome. Im Tyler Mathisen here is what else is happening at this hour i get the what else . Otherwise known as the thanksgiving leftovers home prices gaining momentum, rising more than 6 year over year that is the fastest annual rate since 2014 seattle reporting the biggest jump home prices there soaring 13 from a year ago. Potential new problems from wells fargo. Foreign exchange bankers at the company were overcharging clients and albertsons striking a deal with instacart. Michelle we beg
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
Launching and landing a reused rocket weve got the ceo of a publicly traded Company Looking to capitalize on the increased excitement around space these days. Wonder if they call them certified preowned. Thats coming soon, im sure. Yes. After the bell, bitcoin millionaire, a young man who bought bitcoins at 12 is now worth millions good for him hell tell us whether he is selling right now and whether hes investing in ethereum, litecoin, or ripple. Or whatever the coin is. Isnt that a wine lets get to the big story out of washington right now. Republicans sprinting to pass tax reform before the holiday recess and a final version of the bill, we are told, is expected to be released in just a couple of hours. Ylan mui who has been way out in front on this story today gives us what she knows right now. Ylan reporter bill, senator marco rubio is making it official, he will be a yes on the republican tax bill as weve been reporting since earlier today. Now, hes onboard because republicans we
The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down