i'm becky quick along with michelle caruso-cabrera and brian sullivan.nd andrew are out today. >> power breakfast. >> it is. there were some slight losses yesterday for the markets. you can see this morning the dow futures are up by 35 points. s&p futures indicated to open up by 2.5 points. if you look at what happened overnight in asia, you will see when we flip the board that there were losses across the board. the nikkei

>>> special edition of "street talk," michelle and wilfred are here, accurate substitutes for brian sullivane love him. micron tech, stronger turn around, less competition, lower financial risk, more chip demand, bank of america's price target is $35 a share, up 20%, a monster performer, up 146% in the past year and outperformer compared to the semiconductor index, going gang busters. >> a huge move. >> samsunk has done fantastic, and video, related, and -- >> all right, second stock is baker hughs, positive to neutral, the analyst says the recently sell off created a buying opportunity. there's upside opportunities associated with the u.s. spendsing cycle seeing more drilling here. synergies from a recent merger and growth opportunities that koulds result of a partnership with the diversitied field services company. you see the stock is higher by two-thirds percent. >> the selloff is the market's stall. look at the longer chart, it's a run. >> i wonder if the border adjustment tax has anything to do with it? >> not refining as much. >> no, no. >> could potentially. >> oil is close to reboun

i'm brian sullivan. "power lunch" starts right now. >>> welcome to "power lunch." i'm michelle caruso cabrera. the dow and nasdaq and s&p 500 hitting all-time highs. the dow in particular has been unstoppable, on the longest winning streak since july. up to the eighth straight trading session. commodities are always volatile. check out nat gas down 9%. it's been warm in the northeast. huge part of the nation has been warm. take a look at that. a decline of 29% for nat gas. don't see that very often, tyler. >> michelle, thank you very much. because you can never have too many lunches, welcome to "power lunch." i'm tyler mathisen. we begin with this rally in the stock market. for that, let's go to bob pisani. hi, bob. >> hello, tyler. happy tuesday, everybody. the important thing is this is a global rally. it's not just the s&p 500. not just new highs here. germany hit a 52-week high. brazil hit a new high. canada hit a new high. some of this is on the commodity rally but there's a global rally going on, two powerful forces moving the stock markets around the world.

i'm brian sullivan, lace up because "power lunch" starts right now. ♪ >>> putting on the high heel sneakersian, i'm michelle caruso-cabrera. action on the wall street, s&p 500 between gains and losses. right now, in the green. barely. up not even one point. decline on the s&p today would be its fifth and sixth sessions. gold holds up, though, two and a half month high. show you what's beginning on there now. higher by $9 per ounce, 12.17. melis melissa? >> thank you, i'm melissa lee, big news with talks of consumer goods maker, deal could be valued at $16 billion. costco higher, 7% jump in sales last month, way above expectations. and merck, quarterly profit of 89 cents a share, in line with expectations. revenue falling short. deutsche bank, bigger than expected loss for the final quarter of 2016 and shares down by more than 4%. >> thank you very much, melissa. i'm tyler matheson. another day, another president, meeting with the top brass of harley davidson. eamon is standing by. >> we've seen a lot of ceos at the white house to meet with president trump in the first few days of the admini

i'm brian sullivan. power lunch begins right now. >> brian's right, stocks are rallying. welcome to "power lunch." i'm michelle caruso-cabrera, thanks to a better than expected jobs report, dow having the best day of the year, back above that 20,000 level. financials doing extremely well on donald trump's talk of wanting to roll back dodd/frank. goldman sachs and visa, biggest gainers on the big board right now, melissa. >> i'm melissa lee, along with tyler mathisen. president's meeting with all those major business leaders just breaking up within the hour. >> eamon javers has the latest with what was on the agenda and all the executives that have come out have remarked about how engaged all of the participants were in this session today. >> that's exactly right, tyler. it's interesting to see some of the mix. executives are coming out. they won't say a word. they're stone faced. they walk right past us. others eager or anxious to talk or at least semi willing to talk with us. we talked to mary barra of general motors. she called it a productive meeting, said it was a goo

i am brian sullivan in for melissa on "fast money." the question is do you keep buying stocks while they are at record highs and how far can this epic rally really can? some good questions. let's get answers. thank you for being here. >> melissa, feel better. please. to answer the question, yes, buy stocks now. the market is overbought and i probably would agree with that. but this feels as if it will continue to go higher. every piece of bad news that i can think of thrown at this market and it shags it off. goldman sachs all time high. even health care name. you saw the bristol news earlier this afternoon. that's back in play again. as long as the russell remains above 130. they are now both healthfully above, this rally is intact. when you think about what's going on, expectations for a fed, march rate like about 30%. they've gone up. the concept of a fed liking is a positive concept. then throw the data around the world has been so much higher. the european highs, we're at 69 highs on manufacturing in germany. across the board in e

i'm becky quick along with michelle caruso-cabrera and brian sullivan.oe and andrew are out today. >> power breakfast. >> it is. there were some slight losses yesterday for the markets. you can see this morning the dow futures are up by 35 points. s&p futures indicated to open up by 2.5 points. if you look at what happened overnight in asia, you will see when we flip the board that there were losses across the board. the nikkei was down by a third. if you look at the european equities in the early trade, it looks like things are relatively higher. the dax sis up by a third of a percent. the ftse up by a half percent. if you look at currencies this morning, check and see the dollar is up across the board. the euro trading at 1.0664. >> earnings news overnight. shares of bp are slipping after the firm reported earnings that hit a ten-year low and missed expectations. a key measure of net income, underlying replacement profit missed estimates. that's an accounting measure that takes into account the fluctuations in the price of oil. the oil giant has been w

joining me now, brian sullivan and my panel. brian, the jobs report, this is a beautiful number. there's an awful lot of good jobs now. underemployment is the issue. how do you take the number? >> underemployment is an issue. if you do not have a high school diploma, it's hard to get a job. there is a good news number in this, though. average hourly wages didn't rise that much. in leisure and hospitality, we saw nearly 9% jump, which indicates the minimum wage increase is activated and trickling through. not a lot, but more money in people's pocketbooks. >> people who don't necessarily have a college education, they are not finding the right jobs. when president trump talks about bringing jobs back, are we positioned to bring the right jobs back? the one word we don't hear is innovation. the kind of job training you need, if you are an automechanic, you don't have the skills to fix a car of the future. it looks like a computer there. >> it's a race against time. this policy will probably lose that race because of the speed of innovation, the speed of automation means if you press

from your market expertise, it's brian sullivan. from your market expertise, do you think that the market is maybe overreacting to the upside, given your story? or do you think that a border tax could still live, to melissa's point, maybe just not in the house form? >> i think, to melissa's point, it certainly could. look, candidly, i think the market overreacts right now on anything that comes out of the administration in the sense that you don't seem to have huge agreement between different members of the administration, or at least not between the finance professional types, cohn, mnuchin and the president himself, who has to make the final decision. >> so it's all a question of li linguistics here really. it's not an essential knockdown of the border adjustment tax? >> not necessarily. it could be. the president has said repeatedly he seems to favor a much simpler form of tariffs and also has legal questions with wto. i think you have an administration as mnuchin said, everything is on the table. that's how they still view it. u

i'm brian sullivan. another "power lunch" starts right now. >>> add some banana, too. love that combo. welcome to "power lunch." i'm michelle caruso-cabrera. utilities, real estate, telecom, the leading sectors, nike, verizon leading the market now. crude touching its lowest level. gold touching its highest level since mid november in part because of what's going on in france. >> thanks, michelle. rising on wall street and corporate america, fears of whether president trump's tax plan is starting to get bogd down in congress. border adjustment tax, we've been talking about it a lot later. steve forbes this morning was all fired up. >> the republicans are now proposing this crazy tax. they're going to punish american consumers, give subsidies fo boeing and ge. we're going to help foreign consumers in china and iran punish american consumers. it's insane. >> forbes also sounded off on this notion that the rising dollar could help offset some of those concerns. >> we're going to manipulate the dollar so you don't feel the fact that your gallon of gasoline is going to go u

. >> joining me now is brian sullivan, and alvi velshi.e look at president trump's 30 days, and we talk about mike flynn, and this faux pas, and this issue, and steven miller, and people say it has been disastrous, and the markets don't get offended and have no feelings and are simply based on what the policy promises can, man, they are ripping. >> they are ripping, because people are going to say things are disastrous in this day and age, and every 30 minutes there's a n crisis, and i hearsomebody say i live through hundreds of crisis and none of them happened. the market is a monster, and it's on monster to the upside, and we are hoping for tax reform and things that will stimulate the economy, and the economy was doing fairly well, so a lot -- >> bingo. >> right. so the idea there will less regulation and the idea there's more growth is helping, particularly in some sections, and it's not all sectors, and some parts are hurting. the headwinds we have to watch is the dollar is still strong, which is going hurt manufacturing. the fed will

i'm brian sullivan. "power lunch" starts right now. >>>

i'm melissa lee along with brian sullivan and tyler mathisen.etail etf, xrt, chief economic adviser gary cohen does not support the house version of the border adjustment tax. the man who broke this story, dan primac. welcome to the show. what did you find? >> gary cohen spoke in front of the u.s. business council, group of

. >> let's get to brian sullivan with a look at what's coming up. >> thanks, scott.oming up on "power lunch," bank reportedly closed to a $3 billion investment into wee work. is this a sign? start-up value eyevaluations arg topee. under armour, why downgrade the stock now? and billionaire investors rely on his advice as have presidents, tony robbins is going to join us live in studio. that's right. the guru of self help will join us live in stew you on "power lunch." see you at the top of the hour. "halftime report" is back right after this. [vo] quickbooks troduces jeanette at first, ttinpaid wasding busitough... til she got quickbooks. now she sends invoices, sees when they've been viewed at first, ttinpaid wasding busitough... and--dah-paid twice as fast for free. visit quickbooks-dot-com. >>> hi, everybody. i'm sue herera. here's what's hamming at this hour. israel carrying out air strikes today aiming for militant sites across the gaza strip. it comes hours after a rocket was fired into southern israel. >>> a group of activists taking on president trump in mexic

with us now, cnbc's brian sullivan with more on this. brian?after much meat at all. that's fixed cost, almost. put this in perspective. the defense budget is $523 billion a year. state department is $66 billion and e.p.a. is $8 billion. those are small agencies compared to defense. if you add whatever 10 or 20 billion or however much to defense, are you taking that out of state? that would be 15-20% of their budget. >> i know people there that i have spoken with are nervous. >> what, you broke this exclusive from the japanese firm soft bank, megainvestment in a u.s. start up. tell us about this. >> the only reason you care is because it involved the president, it involves trump. the guy met with trump, masayoshi son met with him promised $50 billion in investment. sources tell me, they are going to invest $3 billion if you want to lease a desk and they are all over the world. this is massive investment. valued the company at 20 bill$2 billi billion. the biggest and richest start up in the world. maybe this is the reason i bring this up. maybe t

. >>> i'm brian sullivan, fed chair janelle yellen still be grilled on capitol hill, this time in frontakers, defending the fed, sayers their policies have been a help, nots a hindrance. >>> meanwhile, eric rosingren making headlines say he sees at least three rate hikes this year. bob? >> hello, brian. i notice there's worries about a slow down, but it happened against today the minute president trump -- the market moved up. that was about 10:a eastern time. so far take a look at banks, these four banks here, they're responsible for 18-point move, you see in the s&p 500. 18 points higher, because of the big moves in they banks day. it's not just about trump here. we've been talking about that. central banks are still accommodative. february 28th is when the president will be speaking in front of the congress. and it's likely, guys, he'll probably lea some of that before the actual presentation to congress. guys, back to you. >> bob, thank you very much. the big questions the markets want to know -- will the president be able to get his agenda through? john harwood is in washington. >>

i am brian sullivan. exist i existing home sales, number tripling expectations. wow!uropean anti-trust regulators are set to okay dow chemical's $130 million merger with dupont. despite warm weather in the east, it may hit 70 degrees in new york city tomorrow. reports of winter's death are being greatly exaggerated. massive storm taking aim at the midwest and plains, minneapolis could see its heaviest snowfall of the year. take that, pete najarian. >>> you just saw some brief remarks from the president who said our nation's finances are, quote, a mess. eamon javers is standing by at the white house. eamon? >> reporter: that meeting still going on here at the white house between the president and his top aides. we want to know exactly what they're contemplating in terms of the federal budget, tax, trade, obamacare, all of those details will play into what they're deciding here behind close doors. the president did give us a bit of a preview in terms of the timing of when all this will roll out. here is what he had to say. >> as you know, before we do the tax, which is

i'm brian sullivan. "power lunch" starts right now. >> i'm tyler mathisen. you like -- no, watch cnbc. another record day on wall street with dow, nasdaq, s&p 500, all hitting all-time highs. we are at session highs right about now. just a hair off of it on the dow. s&p 500 on its longest win streak of the year. five straight sessions higher. here is your stat of the day with today's gains. s&p 500 has topped $1 trillion in market value for the first time ever. melissa? >> wow, what a stat. welcome, i'm melissa lee. president trump and canadian prime minister justin trudeau meeting inside the white house right now. the two will hold a joint conference in less than an hour from now. eamon javers is live at the white house. >> reporter: another day of pomp and circumstance here at the white house as the prime minister and president have been meeting with a group of female ceos and executives, everything from energy to auto parts to finance companies, represented in the room there. the president said he wants to focus on the role of women in the economy. here i

. >>> you're watching "power lunch" with michelle caruso-cabrera, brian sullivan, tyler, and melissan cnbc, first in business worldwide. ♪ ♪ guyswhathappeng herehey nicole i nealhapps inhe market.nevernyth t thfor l the thgsy lets at aremportant to you. shhh. alertsn anything at all? noon tt, you cat on tt portity with jonta right from the alert. you cwow, i g gss we don't ed te with jonta >>> let's get back to the stock market, shall we? the technology sector rising 9% this year, leading the market. will it continue? asking the trading nation team. gina, nice to talk about stocks. do you think technology's going to continue to roll or roll over? >> look, i think it's interesting what's happening right now. if you look at the xlk, brian, there's a big dispersion in terms of how different stocks are performing, so, if you look at apple, microsoft, take six stocks, they are upwards over 12% year to date return. if you look at the rest of the xlk, it is literally around 5%, so i think when you think about how much this can go further, i could say you canfurther, i could say you could ma

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steve: i will tell you what, brian, yesterday "the washington post margaret sullivan says she fears journalistsbe hunted down. so in that same vein. brian: donald trump won't be behind it. she is not saying donald trump is going to be behind it. steve: i think she kind of insinuated that. ainsley: jake tapper, president trump has criticized him in the past. he said stop whining, he had that message for the president. it's interesting that journalists are supposed to be fair and balanced and supposed to tell both sides of the story not supposed to have a message for the president. steve: the center for public integrity looked at $400,000 given to campaigns before the november election. 96% went to hillary clinton. so clearly they lean tote political left. and if they have an agenda in what is spoked to be right down the middle news, that gives the folks at home a certain message. brian: when chris matthews says after the electric says i don't recognize the planet we are on and martha raddatz cries in between. this is the nbc news desk on the network. meanwhile todd starnes is one of the leading