Alltime highs today and if you just looked at the market, you would have no idea, frankly, about the civil unrest across america, as thousands continue to take to the streets to protest Racial Injustice and inequality demonstrations last night a little more peaceful than on prior nights were going to dive into what could be a Tipping Point here in the u. S. Power lunch starts right now tyler, thanks stocks are at their highest level in three months as the rebound continues at a furious rate for more on the road back to record highs, lets get to dom chu. Hi, dom. Hi, kelly, lets talk about the massive amount of green youre seeing on the screen right now. As you and tyler mentioned, the vshaped recovery continues to move the dow industrials, 400point gains, about a percent and a half to the upside the s p 500, 3116, the level there. 1 gains there the nasdaq actually lagging for a bit now so far but lets take a little closer look at the nasdaq specifically the nasdaq 100. Because as tyler
Of the retail trader, the little guy, could be causing more volatility in the market and talk about getting real. One top angel says the beaten down resale retailer, the real real, could be about to make a comeback. Hell be here to explain why hes so bullish. Power lunch starts right now stocks are selling off. Right now, the dow down b about 300 points nasdaq down nearly 2 . Major indices on track for their worst week in february take a look at gold. Lots of eyeballs on this one today. The precious metal is on a wild ride up 8 already this year and near ly 2 today. 16. 49. The defensive tone is evident in todays market. Those momentum names that trade is is unwind names like b facebook and amazon down around 2 the Semiconductor Stocks are also getting hurt today. New lows for a basket of Energy Stocks including exxon, marathon oil and noble energy a political unrest in libya easing there afore oil is given back some gains, plus energy estimates for the First Quarter continue to fall w
Welcome to power lunch. A lot doing on the dow is up triple digits, although off the highs of date that is about 0. 06 of a gain. Take a look at abeBed Bath Beyond, the best day in almost two deck asd ades on its annount of a new ceo and Kayla Tausche is outside the room where it is all happening in washington today. Reporter and inside the ustr building just behind me, we are expecting that lunch is wrapping up and that some of the lower level officials are going to be returning for an afternoon negotiating session that were expecting to last about four hours. And then around 6 30 p. M. , the two sides will host a dinner that white house Officials Say is going to be a celebration of sorts. I was told last night that it was a rather fancy and special affair, were still awaiting the location on that one of course the main event is going to be tomorrow as we now know, President Trump tweeting that he will be meeting yet again with chinas vice premiere in the oval office he says that chin
Good Tuesday Morning welcome to squawk alley. Im jon fortt with Morgan Brennan and sara eisen carls got the morning off the art of the deal. Stocks up for a second day on renewed optimism for u. S. china trade talks. At the g7 meeting in france, President Trump told reporters that china will come to the negotiating table, whether it likes it or not. Im not sure they have a choice and i dont say that as a threat i dont think they have a choice in the meantime, the United States, which has never collected ten cents from china, will, in a fairly short period of time, be over 100 billion in tariffs. So, i think they want to make a deal, very badly those tariffs, of course, not coming directly from china joining us now, scott clemens, brown brothers, harryman, ceo of private wealth management. Also with us, mark mahaney, managing director and lead internet analyst guys, good morning good morning. Scott, youre optimistic about a trade deal and about the economy in general, because of consume
welcome to power lunch. a record high for the dow up 77 and all year it s been the retail trader helping to drive stocks to new highs so with a fresh batch of stimulus checks sent out this week and the money push stocks higher mike santelli is looking at the correlation of retail investors and the stock market. it is a strong force in the market for a year. really it blindsided wall street, the fact that people got active in trading and investing. march 29th, the date of the c.a.r.e.s act passing. that is what did occur and i would argue that the levels of activity and the market levels are so much higher right now that it is not clear to me that the amount of money going into the accounts by way of the stimulus or the rotating out of bond funds is necessarily the driving force. look at the stocks that are already flying based on this retail investor activity interactive brokerage. and then investors asset manager etfs year to date. this is a well engrained trend in the ma