Hour the major averages have been Holding Steady on light trading. It is a holiday shortened week the dow transport setting another record high. Oil moving big crude and brent crude. Apple shares taking a hit down more than 2 thats the biggest drag on the dow. Reports of iphone x sales are slowing. Mallinckrodt up. Intel down intel will lose the crown as the number one chip maker for the first time in 21 years to samsung. Amazon saying it had its biggest season ever. The echo dot the top selling product across the categories and many factors we begin with retail the day after christmas is one of the biggest for returns. Kate rodgers checking out all the deals in west nyack, new york reporter retailers definitely have something to cheer about. New data out from master card showing that retail sales from november 1 gs through Christmas Eve were up 5 that is the fastest pace since 2011 ecommerce grew by around 18 overall the National Retail Federation Said sales are set to be around 682 b
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
The sector . It is one of the biggest hedge funds in the world. A rare and exclusive look inside citadels super secret risk center. And this is a shocking story you need to hear. Isis setting up, yes, a 24hour i. T. Help desk for terrorists. How far reaching it is and the role of social media in the war on terror. We do begin with what could be a major setback for obamacare. United Health Shares are down about 5 as we speak with the insurance giant slashing its outlook and warning it may stop Offering Health plans to individuals through public exchanges established by the Affordable Care act. United health says it may exit the public exchanges by 2017 blaming continuing deterioration in the financial prospects of these individual plans. United health currently offers individual plans in 24 states covering more than half a million americans. Well, as ty said in the headlines, this news is dragging the other Health Insurers to the downside. Lets get Bertha Coombs in on this story for mor
All right. Happy new year, rick, to you and everybody at the chicago merc. We have some serious breaking news from dubai in a scary situation. Here again is sue herera. Absolutely, brian. Here is what we know. A fires a engulfed the address hotel located in downtown dubai. These pictures are coming to us from the Associated Press. This fire broke out just a few hours before dubais massive fireworks display was set to go off. It is in the address hotel. It has engulfed at least 20 floors according to the Associated Press. We dont know the cause of that fire. We dont have any word on casualties. We do know that First Responders are on the scene. Once again, it is a massive fire in a tightly populated area of dubai in a very popular area of dubai im told, and, brian, i think you also stayed at that hotel, have you not z . I have been to that hotel, i have not stayed there. I have been to that region. That is the premiere shopping and recreation and dining destination in dudubai. I dont wa
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