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J j. New management could be on the cusp. A multiyear trade. Mr. J . J. P. Morgan. Options action money in motion tonight at 5 00. Follow me on twiter. Send me some stock names. We will see you next week. Scott, thank you very much. Welcome to power lunch. Simon is in for sue. Major developments on the terrorist attack involving westerners in algeria. First we go to onhto john harwo. We have a stance from House Republicans they will put on the house floor next week and presumably pass it if they have done chir whip counts accurately. That is that the debt limit would be extended. It is now due to run out between february 15th and march 1st. Now extended to april 15th with the condition that the house and senate both pass a budget. This is an effort to tweak the senate which has not passed a budget for the budget resolution the last couple of years. Members pay would be withheld if the budget does not pass. This does not include ....
The level. I think well probably see that sooner than that. I know you guys on the floor and a lot of traders out there follow the s p more than the dow. Yes. Its a tradeable index. Its what youre watching. But the dow itself has just been hovering around this 14,000 level and just cant get anything going beyond that point. At what time do you say maybe we arent going to all time highs soon . Im not going to say that yet. I think we will see alltime highs. I think well see it this week. And if we have a close above the alltime high, thats also a good sign. And i think well probably see that this week also. Im still very bullish. But it is like waiting in the meantime. Absolutely. But it is what it is. You know . Yes, it is. Thank you, peter costa. And we are going out with a gain of 35plus points on the Dow Jones Industrial average. This will be the secondest highest close ever for the dow. And were now about 40 points away ....
Administration that he thought that the fed should share the love. of course things are beginning to change and that president is insisting he doesn t like the change but nevertheless the economy is still the strongest on earth right now and it was a little reminder the japanese who used to hold that title that they no longer hold that title right now. let s get the read on all of this from jackie deangelo, we ve also got charles payne whose well just a star. he s putting up with all of that and the grief that comes with it charles, we ll begin with you, what the president has been saying that we d be doing a heck of a lot better i don t know about 10,000 points better but a heck of a lot better had the fed not hiked rates. he makes a good point there that those hikes were a little over-the-top in more than retrospect was necessary. charles: you re absolutely right and i think jay powell agrees with him although he can never come out and say it but certainly that december rate hike fel ....
At the moment it s estimated that 1 in 7 people in the world use facebook. if more people are added to the potential pool the networking site could see serious growth. combine that with the ads and mobile that the company is seeing, that could mean more profits for the company. it s always about profit, right, chris? it is, indeed. jackie deangelo, thank you so much. we will take a break. [ man ] hey, brad, want to trade the all-day relief of two aleve for six tylenol? what s the catch? there s no catch. you want me to give up my two aleve for six tylenol? no. for my knee pain, nothing beats my aleve. (announcer) at scottrade, our cexactly how they want.t with scottrade s online banking, i get one view of my bank and brokerage accounts with one login. to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don t trade like everybody. i trade like me. i m with scottrade. ....