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stitch fix is having its first trading day doing, well let s see, it started out higher it did dip below the $15 ipo price. it s just above that level right now. does the subscription service have ha what it takes to take on amazon a you know there are 2,000 companies in the same business essentially. i m shocked that it s that high, actually. birch box does makeup, and my favorite is the one called bark box for your dog they send treats and other fun things each month. sounds like it s right up your alley i guess president trump said that he was focused on fair and reciprocal trade in asia during his trip overseas. larry kudlow is going to weigh in on what that could mean for wall street. and whether investors should be concerned. larry s not real he s not exactly seeing eye to eye with the president on trade issues ri right now. that s for sure. we begin today with media merger talks heating up, sources saying comcast and 21st century fox, some of fo ....
good buy into early end and maybe beyond. but let s start with today s rally. joining our exchange today is jim kahn, sarge gilfoy, and rick santelli at the cme. rick, i m going to start with you if i may ahead of the fed meeting tomorrow we ve got a bit of a stealth rally in the pound the pound. the dollar over the last week or so including a little bit today how many rate hikes over the next 13 months are priced in you know, i don t know that much of the dollar activity that we re seeing today is necessarily predicated on what investors think about 2018 whether it s two, three, some are saying four. i really think it s more of a function of the u.s. market kind of bucking the trends of europe, the spreads of our treasuries especially the long end is distancing itself from the yields of the long end of europe and as that occurs, if you were to put that on a chart, the differential at 210 basis points seems to be one of the factors that could be dragging the dolla ....
i m seema mody in for sara eisen. good morning to you. good morning to you live pictures of norfolk, virginia where the snow is falling hard right now more on the blizzard in just a moment we ll get out to various reporters to keep you updated. first a quick check on the global market picture. futures coming off a day where we saw record highs and record closes for all three main indices. the russell and the transports as well. the dow is up 0.4. the s&p up 0.6 nasdaq up 0.8% we re looking at another good open the dow higher by 55 points. nasdaq 13. s&p by 2 the nasdaq is already up 2.4% this week. it s only been a short week. tech very much kicking off the year in the same vain it performed for most of 2017 a look at european trade that s higher again today. we re looking at the ten-year. my apologies 2.47 the yield there all right speaking of markets overseas, look at asia a strong session overnight with the japanese nikkei gaining over 3% the best one-day perfo ....
technology that could be causing concern. we got the details. this is the sixth most expensive piece of artwork sold at auction. the amount of money is called, quote, mind blowing, $110 million and change. we ll tell you all right, i just told you how much it cost. well, we ll tell you the exact number of, but it will also tell you about the guy who shelled out the money. what a character. that s coming pup. sure is. hordesing nation. americans have nearly $2 trillion in checking accounts. the highest in the u.s. history. is this a warning sign for the consumer, perhaps? i don t think people realize it s you know, retiring everybody s saving, and it s the accum anyway, we ll get into it. the market rally today. stocks now seeing the biggest gains of the month, and just really picked up steam throughout the session. closing bell exchange, finding out more about it. gran it investment advisers, and kevin and next to him is john, and our own rick santelli. jo ....
i m brian sullivan and power lunch begins right now. and welcome to power lunch. s&p and nasdaq in danger of posting their first declines in eight sessions. it s not just amazon hitting new highs. carnival trading at all-time high levels back to its ipo in 1987. netflix and 3m also at record levels. i m becky quick. we begin with breaking news from the federal reserve and steve liesman, we meet again. reporter: brain ard with some very interesting comments saying the rate hike is likely appropriate to happen soon and reduction happening soon as well. it should be on autopilot. it s her comments on the issue of full employment and slowing inflation saying they are at odds. slowing inflation could prompt her to rethink her view and her forecast for additional rate hikes. she said recent data has been lower than expected and there s little sign of page inflation heating up. inflation numbers are moving away from her forecast. the trump tax cuts could equal 2% in ....