Welcome, everybody, to power lunch. Were just 98 points away from dow 20,000. It is worth noting all three major indices record highs today. Among the biggest winners, nike, ibm, apple, exxon and microsoft. Tyler . Melissa, im tyler mathisen. Thank you for joining us. Here is what is happening at this hour. Apples new air pod earbuds are now available on online ahead of the holiday rush. They hit the stores next week. Nfib says it is Small Business Sentiment Index jumps to the second highest on record. And 85. 5 of all u. S. Airline flights were on time in the month of october. Who had the best performance . Hawaiian airlines, the most on time arrival. The worst, virgin america. Michelle . Welcome to power lunch. I am michelle carusocabrera. We have a busy two hours ahead. We kick it off with your big market story today. The dow just a stones throw away from hitting 20,000. Bob pisani live at the nyse as we close in on the big 20 k. Bob, first you, the preview. Yes, the important thing
Learned his fate from a federal judge. Monday night, the big story, a sentence of ten years in prison for a man that spent 20 year yen capitol hill and 17 years before that in harrisburg. The judge said while you have done good you have engaged in widespread criminal activity. The prosecutors wanted a sentence of 1721 years. He was sentenced for stealing money from the government and charity toe pay his sons debt and buy a vacation home. He has to pay 6 million to fannie mae and nasa. Dan, can you put some of this into context of fatahs political career . He was once seen as a rising star of the democratic party. Hes been an inspiration to the younger generation. Today was a painful day. It was a young state senator who entered the race for congressman tate senator fatah, here they are together set celebrating as mayor. To see a friend like that a long standing friend like that go through this process, it was very difficult, very painful personally. He was a mentor to cindy bass. I hav
Learned his fate from a federal judge. Monday night, the big story, a sentence of ten years in prison for a man that spent 20 year yen capitol hill and 17 years before that in harrisburg. The judge said while you have done good you have engaged in widespread criminal activity. The prosecutors wanted a sentence of 1721 years. He was sentenced for stealing money from the government and charity toe pay his sons debt and buy a vacation home. He has to pay 6 million to fannie mae and nasa. Dan, can you put some of this into context of fatahs political career . He was once seen as a rising star of the democratic party. Hes been an inspiration to the younger generation. Today was a painful day. It was a young state senator who entered the race for congressman tate senator fatah, here they are together set celebrating as mayor. To see a friend like that a long standing friend like that go through this process, it was very difficult, very painful personally. He was a mentor to cindy bass. I hav
A stinging attack on londons brexit preparations. How close to the mark are his comments . Well talk about all of those issues. Lets talk about where the markets are now. The nikkei out of the gate this morning, playing catch up by 2. 5 . Keep an eye on that. Really interesting story. Were watching whats happening with whole milk. Were talking about whole milk. The reason im talking about that is it has had an impact on the kiwi this morning. The yen is down by. 2 . The others a little bit higher. Were watching the continuation of the story. Plus oil prices. A quick indication where equities are going to go today. We think well see a positive session. Lets get a first word update. Guy, thank you. Britains Prime Minister needs to be told the uncomfortable truth about the difficultiesor negotiating brexit. Thats according to theresa mays former envoy to european union. He quit as the u. K. s permanent representative to the e. U. Yesterday and urged british officials working in brussels t
Is the dollar falls against all major peers. Investors are looking for clues from President Trump on fiscal policy and tax cuts. Mark european equities are trading just under 30 minutes to the end of the monday session. Mpme certainty about the tru regime that is causing a flight to quality. America first, that rhetoric is bringing forth images of protectionism, which is concerning. Stocks are down, these currencies are rising against the dollar. Its a big drop in the dollar byay, sterling up i. 9 . 9 . Commodities and cdf, gold is the ultimate haven, rising today. Choosing the right stocks, heres a question for you, might be easier in the earnings season. This is the degree to which the euro stoxx 50 moves in lockste p. This is the lowest in six years, the degree to which they are moving in lockstep is the lowest. Shares arethat likely to take their cues from earnings results. Rather than external factors. Those predicting equity correlation will remain low. As a fascinating chart, wh