there is so much of that video to look at. new hour begins now on monday morning. a i m owe bill hemmer. sandra smith is with us. sandra: good to be here. at least 25 people were killed across mississippi, another died in alabama. hundreds were left without homes. the towns of rolling fork and silver city absolutely destroyed. the stunning satellite images of rolling fork taken before and then after the storm showing the extent of this devastation. bill: the latest weather radar shows more storms on the way. president biden issued an emergency declaration. survivors recall moments of absolute terror. things started flying and i had my back against that door trying to hold it. we made it to the tub just in time. by the time we got over in the tub it was right on top of us. this is he have -devastating. this is so many friends, family, memories that have been destroyed. bill: robert ray is live in rolling fork, mississippi where he has been for a couple of days
House. Power lunch starts right now welcome everybody to power lunch. When i buy, it is the peak when i sell it is the bottom. Thats my life story stocks, they are down this hour. The dow and s p 500 both on trek for a second straight down week, but the nasdaq is on pace to finish the week higher watch the bond market, folks yields on the twoyear treasury note hitting the beginning of the financial crisis a 1. 71 . Check out the etf that tracks energy we are on pace now for the first week in more than a year big moves in retail to tell you about. Abercrombie fitch up 25 on earnings ross is up 10 footlocker up 25 on its earnings more on that ahead the death of retail may be exaggerated. Were watching apple, the tech giant delaying a key launch of a crucial holiday product. More on this coming up melissa . Ty, im melissa lee twentyfirst century fox is reporting that verizon is also reported in acquiring them disney was interested in buying assets now it is at 30 and changeup by 3. 7 . Ve
We start with the big issue, dalios warning resonating from davos to new york. A 1 rise in bond yields will produce the largest bear market we have seen since the 19801981 period. Are we in it . There will be a time of the bank of japan and ecb begin tightening. That will be the time when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the Federal Reserve will tighten before suggested. I dont think the bear market is starting. Since 1990 we had many, many predictions but it has not happened. Lisa joining me in new york is Subadra Rajappa, and rachel , and coming to us from london is Luke Hickmore. I want to start with you, subadra. Forthe selloff just begun, is this the extent of it and will people pile back in . Subadra thats a good question. I think there is still more room for bonds the selloff from here. They seem to be pricing higher over the last in the last few months. I think we could probably go a little higher. It depends on where the f
We are off session highs and off session lows perhaps restoking the trade war discussion, and they closed a percent, perhaps this gave investors that are looking for selling opportunities a bit of a window to do so. We saw a leg down again around 1 30 the dollar hit three year lows later on, and the dollar fell after treasury secretary Steve Mnuchin made comments, a weak dollar positive for trade, the weaker dollar pushing up the price of oil and gold, up higher by 20 bucks, for stocks, the nasdaq, weakest of the three averages, thats Still Holding to be true, and the weakest of the major s p sectors. Chip stocks, specifically weaker on pace for the worse day since the end of november, and Texas Instruments, the biggest drag in the chip group, the shares down as much as 9 at one point after an inline Earnings Report, but also the slowest Revenue Growth in a year, causing investors to rethink the prospect for Texas Instruments. Weakness in the tech stocks we watch closely, the faang gro
This whole tax cut is geeferred toward benefiting the winners in their can society. The reason i crossed the word reform. This is not tax reform. When been donald trump said Hedge Fund Managers were getting away with murder . This is the murder. Liz the media getting everyone worried about donald trump tax cuts. Even though they were largely okay with the debt doubling to 20 trillion under obama more than any other all the other president s combined. This bill can have no impact on the deficit which is an almost impossible needle to thread. Thats a big increase if you are worried about a 21 trillion debt. Liz the media harping on a decades old complaint. They are sing the administrations new tax plan is helping the rich. Total radio silence from the media and democrats on how this helps Small Business and will spree pay the jobs. They will hand out massive give aways to corporations in the top 1 . Tax overhaul would help the wealthiest. Donald trump says private hedge fund and he can w