Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye
Purchase sonias book, the next great migration and thats a way to support our author and pollic and prose. Now with that another of the way, it is my delight to welcome sonia shah, science journalist and prize winning author, he writing on science, politics and human rights appeared in the new york times, the wall street journal and Foreign Affairs among many others. Also been featured on radio ad, and ted. Com with he talk, three reasons why we still havent gotten rid of malaria and the off ore sever books including the fever and pandemic. Tonight she will be talk about will you new book, the next gravity migration, an overview of the migration and the often necktive responses. Many figures complaint the migration is destructive. She argues migration is an ancient and lifesaving response to environmental change. The back makes the case for future in which migration is nat source of fear but of hope. So, without any further adieu he is sonia. Hi, everyone. Thank you for joining us toni
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
But there were accidents on 101. A pickup truck driver facing northbound in southbound lanes near san pedro road after a spinout on rainslick pavement. Just an hour earlier we witnessed this pickup truck crashing near the very same spot. Are you okay . Yeah, im fine. Im fine. What happened . I just lost traction, thats all. I couldnt correct it quick enough and i hit the guardrail. The chp responding to help. The driver wasnt hurt. The street crew was out working in stormy conditions in mill valley doing emergency work for pg e. Were clearing the lines for pg e and making sure none of the limbs fall on the power lines. Its prevention work due to the high winds. Yeah, its wild. Reporter we found contractor David Parsons putting out sandbags at the shop where hes doing work at san anselmo. The way this winter has been i wouldnt be surprised if it comes up again. Reporter downtown san anselmo has had several close calls. The creek is moving fast today but well below flood stage. Yes, wint
President s scheduled today. An executive order on motion protection, economic pat riley in pittsburgh, meeting with new york democrat and fundraising dinner with ann winter. Usa 2, down 1. Varney and company, look at that, about to begin. Stuart check the big board. Dont you get the impression the market wants to go up but iraq is still a drag so were down 8, 167. Where is the price of oil as iraq drives on . Close to 107 a barrel. Here is the gm story. They recalled a grand total of almost 18 million cars, 17. 7 to be precise, more than they sold. It has not affected the stock. News of an extra recall down 0. 14, holding 35. 92. The lead investigator in the gm story, this is what he is going to say in congress. Gm engineers were fully aware of the ignition switch problem but did not consider safety issue. The fatality and injury is mounted gm personnel displayed no sense of urgency in determining the cause. Rich edson getting that testimony first on fox business. Charles payne is wit