Investors are increasingly pinning their hopes to a virus recovery on the vaccine so modernas news is helping the market this monday morning. And its own stock, of course. The dow industrials, probably going to go up a few points, maybe 70. S p up about 12. The nasdaq, up 85 points. Green this monday morning. Next headline, gold. The price is now at an alltime high, closing in on 2,000 an ounce. A weak dollar plus the fear of a postvirus bout of inflation, plus the u. S. china escalation, all pushing the price to, what, 1956 per ounce as of right now. Were expecting the republicans to detail their trillion dollar stimulus plan perhaps today. 1200 checks, Liability Protection for business extended but reduced emergency unemployment bonuses. Larry kudlow on that later on todays program right here. Now, look at big tech. Top executives from four of them virtually testify to Congress Later this week. This is important. What are we going to do with the crown jewels of americas business . Ta
And louisiana congressman whip Steve Scalise on the new immigration rules coming out of the white house and Energy Secretary rick perry. The president promoting turning natural gas into plastics, you dont want to miss any of those fine gentlemen. Lets take a look at the market, futures pointing to low e open this morning, 86point loss on dow futures, losses across the board after bruising week last week and bruising start of the week with dow shedding 390 points, Goldman Sachs issuing warning on trade, does not believe u. S. And china will reach deal before 2020 election, treasury yields tumbling in yesterdays selloff amid global worries, trade fears, you take a look, 1. 3 , i said this yesterday, 1. 3 is the record low on 10year treasury, we are not far away, jon, your reaction with what really started last month in terms of a trade war and now currency war . Jon worried that we could be heading toward a recession, i was looking for confidence calls yesterday and youre starting to see
The consumer may be under pressure, but megadeals are still happening. The ultra highend Real Estate Market. Well be joined onset by Mauricio Umansky for the latest read on how much the uber wealthy are buying. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, and guy adami. The dow climbing over 40,000 for the First Time Ever today. The feat coming less than four years after it first hit the 30,000 mark, but the index pulling back midday and ending up slightly in the red. One big winner in the dow, walmart, which notched its best day in four years, after earnings this morning. The retailer citing significant ecommerce gains and growing business from higher income consumers. Former walmart u. S. Ceo bill simon is using the bword. Bubble. He will join us to explain. We wanted first to get the thoughts here on the desk. Given where we are trading here, at alltime highs, on walmart. And do you think that what is driving the stock
You are welcome. Its countdown. Im manus cranny. Breaking news on the beer market for carlsberg. First half organic revenue rises by 4 . The market had an estimate of 3. 2 . The strategy implemented across andgroup to try to cut cost take cost out of the carlsberg group. The target is to reduce their by 2022. Apital that is making progress. How is their position in russia . Beer volumes declined in the first half in russia. Their share of the market in russia comes in at 34. 8. Organic operating profit rose higher than expected. They are expecting a higher than expected revenue growth, the organic operating profit, in the second half. Russian market share, 34. 8 . Declinedan beer market 2 in the first half. These are the first half numbers coming through. Waiting of ing, we are for those numbers to hit. As soon as we get those, we will bring those to you. Abn amro is the other stock we are watching. Abn amro, let me quickly clarify the numbers, it says it plans to euros as anion interi
1. 8 . Continue on this trend, its on its way to the worst close in weeks. U. S. Crude Oil Inventories did come in at a near threemonth low earlier today. Alix steel pointed out citigroup says the gulf coast draws down inventories to minimize taxes on Mineral Holdings and that could reappear in january and that could be a weight on the markets. Lets look at the bloomberg terminal to see how the s p is doing. Seven of the 10 sectors are in the red right now, led by the against laggard, information and technology, down 1. 8 . Materials is the biggest leader, up 2. 7 . Energy up about. 9 . The possible dow and dupont merger keeping that sector in the number one position. Crude is at session lows, down. 6 . It spiked right here and thats when u. S. Government data showed inventories fell 3. 6 Million Barrels last week, but we have given up all of those games and that is having its impact on the markets. David the tech heavy nasdaq is one of the biggest laggards of the day. Ramy some of the