Brian, thank you and welcome to power lunch im Tyler Mathisen big rally. The dow soaring triple digits. It would help the nasdaq avoid the first four day losing streak since november of 2016 now brian talked about the treasuries yields pulling back just a little bit. Lets see where they are right now. The 10 year note at 2. 91 thats down just a bit results of a 29 billion dollar auction just moments away. Could be a market mover. Sometimes they are sometimes not so much. Most stocks are up but these three are down seriously roku plunging, missing profit. 17 , man you dont like any part of that. You dont want any part of that. Missed estimates, guidance wayfair. It says tanning. Wayfairs not tanning, that would be tanking down 20 the company reporting a wider than expected loss and pandora taking a hit Music Streaming Service also posting a wider than expected loss despite the fact that i was listening to it this morning. Thanks. Lets get more on the trading action this hour bob has the
Wow. 20 . Thats thats a real add on to the 5,000. Thats real money to people that are yes. I heard Carl Quintanilla say yesterday weve seen more points added to the nasdaq this year than all of last year and its only february. Six weeks into the year. Theyre doing some kind of calculation again on historically in a new president , the quickest stock market gains out of the gate. Is this this month is the fastest. Since lbj. This must be from january 20th. This is from the inauguration. Its funny. Remember, we had a lot of naysayers who said, from november 8th to december 8th we got gains, then it stalled. Then it was about three weeks ago it started again. Whats the that would be january 20th, right . Well just over 3 1 2 weeks. Okay. A lot of stuff. The back drop for you, i know, your water cooler stuff. A lot going on for you. It is kind of shocking to see some of the turmoil thats before us and the headlines and the market ignoring it. The market could always if it became very serio
Announce Andrew Acosta as the new nominee for secretary of former norm he knee withdrew his nomination. This is an hour and 20 minutes. Ladies and gentlemen, the resident of the United States. President trump i just wanted to begin by mentioning that the nominee for secretary of the department of labor will be mr. Alex acosta. He has a law degree from harvard law school, great student, former clerk for Justice Samuel alito. He has had a tremendous career, hes a member and has been a member of the National Labor relations board. And has been through Senate Confirmation three times, confirmed, did very, very well. And so alex, ive wished him the best. We just spoke. And hes going to be, i think hell be a tremendous secretary of labor. And also as you probably heard just a little while ago, mick mulvaney, former congressman, has just been approved, weeks late, i have to say that, weeks, weeks late, office of management and budget. And he will be, i think, a fantastic addition. Paul singer
I dont have any deals in russia. Reporter dressihe criticize reporters and those who have leaked infrgz ormation to them. Saying wikileaks information wasnt classified. The president ticked off accomplishments completed and to come. Theres never been a presidency who has done so much in a short period of time. We havent started the big work yet, that starts early next week. Reporter the News Conference was initially about the new nominee for labor secretary, alex acosta. It turned into inpresident defending hiS Administration and attacking those he sees as standing in the way. That could include the media, it could include people who are leaking information to reporters. And also democrats as he tries to get his cabinet lined up. Lots to dissect. Thank you very much. Now, our Team Coverage continues with nbcs senior Political Editor mark murray. Where do we start . This is a News Conference like weve never seen before from a president. What kind of reaction to it are we hearing . So so
Im andrea roane. President trumps candidate though continues to fill out the senate has confirmed South Carolina congressman Mick Mulvaney as budget chief and confirmation hearings for neil gorsuch are set to begin march 20th. Meanwhile the president is promising to ferret out low lying leakers whove been reportedly providing information to the media. As Craig Boswell reports, democrats say the bigger problem is what flynn did. Not how the country found out about it. Reporter were going to find the leakers. Theyre going to pay a big price for the leaking. Reporter President Trump has declared war against people leaking classified information to the press. Tweeting this morning the spotlight has finally been put on the low life leakers. They will be caught. National security adviser Michael Flynn was forced to resign after press reports revealed flynn misled the American People and Vice President pence about conversations he had with russia easements to the u. S amount to the u. S. I am