And welcome to power lunch. Im melissa lee. Stocks keep surging. New records for the s p and nasdaq and the usual suspects keep hitting fresh new highs. Corning, electronic arts, nvi nvidia, the list goes on and on. On pace for its best day since march 3rd, snap has traded over 44 million shares today. That is more than double its 30day average volume. One of the key catalysts for had monday, the surge in the price of oil. Crude hitting nearly 50 a barrel. Lets get the latest from the y nyse floor and bob pisani. Reporter and thats the key. The market in the rotation. Lets put up the board. Whats been weak throughout the year is this energy, banks and retail. Whats leading today . Energy, banks, and retail. This is what i talk about this rotation. Consumer discretionary but theyre lagging today. Take a look at sectors in 2017. Yes, tech and Consumer Discretionary but, look, banks and energy have been laggards. Theyre leading. This is why the market keeps holding up near the top. Old st
On cybersecurity, as the president courtney efforts to iowa to give you an update today on the Ransomware Attack thats been known as wannacry. We continue closely monitoring the situation on the clock. The highest levels of the government when bringing all the capabilities to bear on this issue and a working sidebyside with the partners in the private sector and our international partners. I spoke months ago with my counterpart of Great Britain and learned an update from them that they have the feeling of control over this ransomware event and that as theyr their infected cs can be tied to the fact that their Healthcare System so large a network, they are painfully aware that what effect this is a Global Attack as are we. As of this one is as rich approximate 150 countries and affected more than 300,000 machines. The good news is that the infection rates have slowed over the weekend. We had been concerned about that. Last we talked. The ransomware has disrupted telecommunications compa
White house press pool how the search for a new fbi director is coming along. He very much the same what he said when he was on his way back from lynchburg, virginia. Not sure how far along they are past that, but the president says this is a search that is moving along and could be over in the next few days or after he gets back from his trip to the middle east. In terms of this idea of a staff shakeup. The prospect of a massive staff shakeup that would involve a lot of members of senior staff and his cabinet is quote nonsense although there is some speculation that the chief of staff may be on the bubble but theres been talk of that since way back in june. Also some talk about a shakeup at the communications slot. After the web of communications i think got tangled coming out of the announcement that james comey was being fired last tuesday. So nothing has been cooked yet, im told, but there could be some moves coming in the next few days. Melissa whats next on the substance of that