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
Up and went and got him. Thats my job. Mason and forgiveness for a much vilified chicago cubs fan. Captioning sponsored by cbs this is the cbs evening news. Mason good evening. Im anthony mason. General john kelly reported for duty today as new white house chief of staff and left no doubt that he is in command. His first order of bids, giving Anthony Scaramucci his discharge papers just ten days after he was named Communications Director and just three days after scaramucci won a power struggle with reince priebus, forcing his ouster as chief of staff. So far in the trump presidency, there have been nearly half as many firings at the white house as in an average season of the apprentice. Heres chip reid. I love the president. I love the team. Im a super optimistic guy. Reporter that was Anthony Scaramucci ten days ago, his first day on the job as white house Communications Director. Five days later his tone had changed dramatically. In a profanitylaced interview with the new yorker, he
Particularly unhappy with interviewsmments in this week where he defended trumps remarks on the Charlottesville Violence and stood behind trump there. The president was not unhappy about that. We are in a hall of mirrors. We are hoping over the next bit weekend sorted out. I think at some point by the end of the day we without we will have a clearer picture. David lets turn to you now, give us the political lay of the land. Who is winning and who is losing if this is true that mr. Bannon is out . It is not clear to me that this will mean a massive change in the white house. Steve bannon represented he was an avatar of the movement that gave rise to donald trump. That boosted him in the primary. Ofjoined them in february 2016. Everything the trump had represented, this nationalist strain, skepticism of global elite. Of immigration, of trade. Bannon ran the website, breitbart, that fueled that movement in a substantial way and it is no coincidence that the two ended up together. Presiden
Received well and i love the energy, everybody is happy about what is going on. I dont normally get that. I mean, i do, but just not everybody is happy all at once. Reporter the man on the van came by a few minutes ago and he is a little bummed because he broke one of the strings on that base, so he cant play anymore. But i told him about the possibility of chocolate pancakes, mimosas and body painting, cheered him up. Thanks, see you back in a bit. Here in the bay area we will only see a partial eclipse, it will start after 9 00 a. M. , peaking 10 15 over after 11 30, watch parties are happening all over, including the space and Science Center in oakland. House park in san jose, and the cal academy of sciences in San Francisco, cant make it . No problem. Nasa will offer a free live stream. Will we be able to see the sun tomorrow morning . Kpix 5 chief meteorologist paul is here. Depends where you wish to view it from. Low cloud cover spilling into San Francisco and San Francisco bay.
Welcome to what will be a pretty intense show as we gear up toward that inauguration in about nine days from now. We have a new report from the World Economic forum on global risk. They talk about unemployment as one of the big risks. Inequality and increasing polarization. What they mean is the polarization of politics within various countries. Weve seen it with brexit, with trump, but also polarization in terms of various countries around the world. They talk about environmental risk. Not also talk about Society Keeping pace with technological change. We will speak to the chief author of the report a little as wen in surveillance also geared towards davos, which starts next tuesday. First things first. We will check in on the markets. This is european equities. I would suggest that most of the moves and the most important moves are going on elsewhere. It is currencies, but also the emerging markets. This is a picture we are seeing for the turkish lira, hitting a dataow ahead of the l