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Stocks boosted ahead of Fed chair pick, Bitcoin soars on CME news

Stocks (^DJI^GSPC, ^IXIC) are getting a nice pop ahead of President Trump’s key decision on the Fed’s new chair. The consumer staples (XLP) sector is most in the green and the real estate (XLRE) sector is most in the red. Alan Valdes of Silverbear Capital joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Justine Underhill. Alexis also talks to Dan Roberts about why Under Armour had such a rough quarter.