i'm tyler mathisen it's the story of a day. a u.s. air strike takes down iran's top military leader the attack sending jitters through the market oil prices up 3%, to the highest level since last april today's move was not off the charts, it could point to a bigger breakout coming carter spotted something like this just a few weeks ago. >> we have now moved above that down trend line. that's exactly what industrials look like and banks, same down trend before they came to life this will not come to life the way banks did, industrials, but it has the elements of legs here i think you want to be long xle. the whole group, even though it isn't a group. it's only a handful of stocks. >> energy stocks did not exactly follow crude higher today, but the chart master still sees a comeback ahead for 2019's worst performer sector he's at the plasma to break it all down carter >> the contrarian play here is to look at this as the beginning of something that is a trade i think this current spike in crude is quite different than the impetuous one

i'm tyler mathisen welcome to "power lunch," as dom mentioned, we start with the big selloff on wallre very, very near the lows of the day the dow dropping nearly 600 points turning negative for the year as fears of the coronavirus outbreak spook traders ahead of the weekend and ahead of the reopening of chinese markets next week. they've been closed for the chinese new year plus, crude getting crushed. on track now, worst week since may of 2009.

investors who have gone to our website, they have seen that the rig count has moved up >> and so tyler mathisen had a great question which is why isn't oil higher you had opec tightening a month ago. you have the killing or assassination of soleimani and only up 2.5% from friday's opening. >> yeah, if you look at the risk premium, there is probably only a dollar left in the risk premium. it was trading at about $61 before what happened in the last few days and it is really a testament to production and efficiencies in u.s. and how much oil we're producing. >> a testament to oversupply >> you've seen oil move up i think most of the budgets of our customers, they were looking at $55 oil throughout 2019 we've been trading at $61. that is a healthy move from our standpoint >> do you think prices will stay above $60? >> i think that they will. if you look at the fundamentals especially with the rig count coming down so much in 2019, it is eventually going to have an affect on production not right away you hear punk pundits talk on tv, but oil price haven't moved. we'll drill a number of wells on a p

with special guest marcus lamonis take it away >> thank you very much welcome, everybody i'm tyler mathisen and here's what's new at 2:00 for a monday. actually, a tuesday. what am i thinking the billionaires are out in force at the world economic forum in davos paul tu dorr jones call iing ths stock market crazy we've got those details. plus, president trump says the economy is in the midst of a blue collar boom and the u.s. consumer is roaring and soaring. can the good times keep rolling on and weigh in on all of that and more as brian just mentioned, the profit himself is here in the studio for the hour. and he will join us in the questions and answers. as "power lunch" begins right now. >> welcome to "power lunch", everybody. i'm contessa brewer and just admit it you don't know which day it is either after the markets were closed yesterday, it feels like a monday we've got stocks falls from record highs today the dow down triple digits well, we're off the lows of the day. we're at lows of the day right now. breaking that five-day winning streak take a look at boeing. that stock is movin

with special guest marcus lamonis take it away >> thank you very much welcome, everybody i'm tyler mathisenere's what's new at 2:00 for a monday. actually, a tuesday. what am i thinking the billionaires are out in force at the world economic forum in davos paul tu dorr jones call iing ths stock market crazy we've got those details. plus, president trump says the economy is in the midst of a blue collar boom and the u.s. consumer is roaring and soaring. can the good times keep rolling on and weigh in on all of that and more as brian just mentioned, the profit himself is here in the studio for the hour. and he will join us

i'm tyler mathisen and here is what is new at 2:00 on "power lunch. stocks are off the highs of the day as you see right there but they are still modestly higher the dow climbing back as boeing is making a little bit of a comeback midday. we'll talk about that one? and the stock almost positive. and phil le beau with comments from the new ceo and meg tirrell with the latest on the mysterious coronavirus and it is spreading in china and it is hitting our shores here. "power lunch" starts right now. >>> good day, i'm contessa brewer, let's get right to it with boeing recovering after being down more than 3%. phil lebeau is following the twist and turns, what do you have. >> the reason they are rebounding is because ceo just wrapped up a conference call and said we're not cutting the dividend or scrapping the max, we still believe in it the questions that he received revolved around the latest time frame from the company saying it is mid 2020 when we expected the ungrounding by the regulators and why did they make that change here is calhoun talking abou

thank you, brian i'm tyler mathisen and here's what's new at 2:00 on "power lunch. wall street on watch gliding above the fray basically. as tensions between iran and the u.s. are on the rise and the next threat could be as john and brian were just talking, a major cyber attack. we'll talk more about that this hour, now it is also the stock made of steel. the company up more than 30% in the past three months. makoing a major comeback we'll talk to the ceo. the stock was much higher earlier in the day it has settled back a bit. we'll ask why and find out and this is not a drill. gwyneth paltrow will join us after announcing her new show with netflix "power lunch" starts right now >> and welcome to "power lunch." let's take a look at the markets now. the dow well off the lows of the day. still just barely in negative territory but earlier, down more than 200 points. the s&p and nasdaq have now turned positive and check out shares of alphabet up 2% jumping to a high after pivotal research calls the tech giant a buy. let's get started with bob pisani at the new york sto

i'm tyler mathisen welcome to "power lunch," as dom mentioned, we start with the big selloff on wall street we are very, very near the lows of the day the dow dropping nearly 600 points turning negative for the year as fears of the coronavirus outbreak spook traders ahead of the weekend and ahead of the reopening of chinese markets next week. they've been closed for the chinese new year plus, crude getting crushed. on track now, worst week since may of 2009. we'll tell you how low oil might go and later, the one bright spot is amazon climbing back to a trillion dollar market value. one trader is going to tell us the next stop that could join the trillion dollar club hi, morgan >> hi, tyler i'm morgan brennan here's where we stand in the sell off the dow down 2% as investors get spooked ahead of china's stock market reopening on monday after the lunar new year holiday stocks are on track for their worst week since october and check out the earnings disasters that are helping fuel the losses chevron, exxon and caterpillar all weighing on the dow after disappointing reporting this morni

i'm tyler mathisen in for the uj j, scott wapner, who is traveling today. front and center, earnings hits and misses and is there now big value in big blue it is and this is the "halftime report." >> caterpillar, honeywell, exxon, and chevron, all posting mixed results and weighing on the markets. how to play onnan the sell off and he's stocks from here. >>> ibm getting a new ceo. and the stock having its best day in months. is it time to bet big on big blue hear when our traders are doing. >> billion dollar winner amazon on its best pace for the whole year where the stock goes if here the investment committee is ready to go. "halftime report" starts right now. >>> welcome, everybody, once again. it is good to have you here with us on this friday. though this friday is not so good if you are long the market. our investment committee, josh rn brown, jim little bitten all this, steve wise, and lindy bell it may be a judge-free edition, but that does not mean we will be rendering judgments on thing. we begin with a look at wall street scott, stocks are tanking

i'm tyler mathisen and here is what is new at 2:00 on "power lunch.e off the highs of the day as you see right there but they are still modestly higher the dow climbing back as boeing is making a little bit of a comeback midday. we'll talk about that one? and the stock almost positive. and phil le beau with comments from the new ceo and meg tirrell with the latest on the mysterious coronavirus and it is spreading in china and it is hitting our shores here. "power lunch

i'm tyler mathisen in for the uj j, scott wapner, who is traveling today.ront and center, earnings hits and misses and is there now big value in big blue it is and this is the "halftime report." >> caterpillar, honeywell, exxon, and chevron, all posting mixed results and weighing on the markets. how to play onnan the sell off

. >>> tyler mathisen has a look at what's coming up on the he can change. >> today on the he can changefrom travel to food, to consumer we was a lot of sectors feeling the pinch of the coronavirus it is time for wall street to start to worry has it already. >>> tesla says they will deliver 500,000 cars in 2020 but they have said that before that was the company said it would build in 2018. should you be cautious even after those blockbuster numbers yesterday. >>> and athletes turn to venture capital and union lever says t you later. we will explain what that means in rapidfire i will see you then. "halftime report" will be back right after this or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. ♪ yes i'm stuck in the middle with you, ♪ no o

thank you, brian i'm tyler mathisen and here's what's new at 2:00 on "power lunch.all street on watch gliding above the fray basically. as tensions between iran and the u.s. are on the rise and the next threat could be as john and brian were just talking, a major cyber attack. we'll talk more about that this hour, now it is also the stock made of steel. the company up more than 30% in the past three months. makoing a major comeback we'll talk to the ceo. the stock was much higher earlier in the day it has settled back a bit. we'll ask why and find out and this is not