Assets mario has a different idea hell tell you what it is coming up. Excitement over tax reform is helping to fuel todays market gains, Murray Energy ceo whos been a supporter of the president s says the senate bill is, quote, a mockery of tax reform, and his companys taxes will go up under this plan hell explain and make his case. Then pancreatic cancer one of the most deadly forms of cancer out there former Nbc Universal chair bob wright will join us at post the, talk about his new rush to take on a new push. Hes rushing on this, too. Oh, yeah. Hoping they can get an Early Detection test out there on pancreatic cancer. Lets start with todays rally, though. Dow was up 300 early on, were about half that level right now. Bob pisani has more here bob . Good news, folks, we are acting rationally in the last five or six days so the sectors in the stocks that might see the biggest earnings boost from the tax cut are the ones that have been moving the most in the last five, six day. Its hap
What a deal could mean for the other chip stocks. Power lunch starts right now im Brian Sullivan the markets moving just enough today to give your investment dollars yet another new high, thanks to the saudi news oil is moving up again data is pushing Energy Stocks higher chevron and exxon among the dow leaders. We talked about Semiconductor Companies as well. It is fair to say that lately, it rocks sox at new alltime highs. Michael kors soaring, the fashion retailer beating earnings estimates and raising its outlook. More on that ahead and reports the Pharmaceutical Company may becoming a takeover target thank you very much im tyler mathieson. Welcome to power lunch. Target gearing up for the holiday season, announcing deeper black friday discounts and plans to open 6 00 p. M. To midnight on thanksgiving day i will be asleep staying with retail, amazon cutting prices of Third Party Products in the face of stiffer competition. And the new york fed present William Dudley plans to retire
With the nasdaq losing almost 1 . The s p 500, we see it holding at a threeweek low, falling as low as 2050. Now recouping some of the losses and coming back down. Map functionat the i on the bloomberg, you will see what sectors are losing the most. We are seen Energy Stocks falling the most right now because oil has now fallen for six consecutive days. Now, another thing we are looking at right now is leasing companies. United rentals look at that fall of more than 6 right there. We are hearing data for may fractionallyld up on the year, rekindling concerns about equipment supply. We have other Listing Companies losing ground today. Look at the airline sector. They are another sector that are badly hit. A now see them falling for fourth in five days. American airlines now more than 4 . They have been just cut to to underperform from neutral by a banker from bank of America Merrill lynch. A say Airline Companies are very vulnerable to shortterm shocks. Seems like a lot of red on the bo
Three major indices are making a little bit of a comeback. The s p 500 is just above the flatline. The dow up by a third of a percent. Brexit is weighing heavy on what everyone is looking at in terms of the trade. We did see a new poll out of the u. K. Leaning toward brexit, but the keys in the u. K. Are seeing Something Different with odds slipping to 38 after surpassing 44, so ware seeing a little bit of a lift in the market. We can see that a little more announced as we go to the dow intraday. Out, weose numbers came can see we started flirting with a flatline and we are up about. 3 , trying to lock in those gains with about one hour left in trade. At its lowest point, we were down by about 168 points. A big range in todays movement. Lets look at what is happening plus 10 imf and the s p sectors here. In the last hour, six of the 10 sectors in the red and weve done a little push ahead from that with three sectors now in the red, energy still the biggest laggard. We can see the green
In european markets right now, youll see that the dax is down by about 0. 6 . So is the ftse in london. The cac looks like the biggest decliner of the three. It is down by about 1. 1 . If you want to take a look at the price of crude oil, yesterday we saw crude oil, what was happening there. Now its down by about 37 cents to 37. 95. A couple big stories were watching today. Heres whats happening. Yahoo changing its bylaws to allow proxy access for board nominations. Heres what it means. Investors who have held a stake of at least 3 in yahoo for a minimum of three years have the power to nominate directors to the board. These investors can nominate up to 20 of its board. Starboard value launched a proxy fight last week to overthrow the companys board. Also, a very big victory for insurer metlife. A federal judge striking down the governments determination that metlife was too big to fail. The designation of systemically Important Financial Institution carries stricter Capital Requiremen