Your wealth. We live in a world where it is difficult to become rich if you werent born that way. And love it or hate it, i believe that the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in the country but there arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and if you want to become wealthy in this country unless youre born with a silver spoon in your mouth that means planning your Financial Strategy for a lifetime even if you dont have a super high paying job, as long as you could save a chunk and invest widely, you could become if not fifthy rich, then at least financially independent. Meaning you dont need to worry about job security or where your next paycheck is coming from and retire easily without the need to rely on Social Security which might not be around when some of the younger viewers hit retirement age that is why tonight, tonight i
Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
Tenth Straight Record close driven by all the names that worked all winter long plus a strong read on Retail Holiday shopping numbers do not disappoint. And jobless claims fall pointing to continued strength in the labor market joining us for the hour, anastasia om row sew it is great to have you with us. Great to see you. What do we make of this its typical. We melt up into year end i mean, think about all the things that got resolved in december weve got the phase one basically a done deal between u. S. And china maybe a little bit overlooked by the usmca getting passed by the house. Weve got a lot of good enthuse. We started to see the inflection point. Whats interesting in the internals of the market is what people are buying. What do you do when the s p is up almost 30 for the year you start to look for the laggards its emerging markets, health care, energy those are the ones rallying the most to break down those areas you see opportunity over the course of the hour. For now lets
The rise of sky walker already on pace to break some records. Weve got those details as powe lunch starts right now check out this record rally. The market on track to wrap it all up at all time highs check out shares of boeing that stock down a percent as united says it will not fly the 737 max until june well have more on that story in minute yes, we will. Thank you. Gdp numbers, Gross Domestic Product are out this morning 2. 1 growth for the fourth quarter. Closing out the first decade in recorded American History without a recession. We have more on the slow and steady, what do we call them 2010s . 2010. The teens you work on that. Ill come out later. Were going to work on what we could call the most boring decade youd say Nothing Happened gdp averaged 2 . It fell 2. 5 in the Great Recession in 09 in 09 the lowest it got this decade just 1. 6. The lowest average inflation and we hit the lowest Unemployment Rate donald trump who brought big Corporate Tax cuts and the trade war that