But it did not close above that level. We saw the major averages give back by the end of the day some off the morning highs well keep a close eye on this this morning green arrows indicated once again this morning dow futures up by 57 points. S p up by 4. 5 points the nasdaq up by 8. 5 points. Look at asia, the nikkei gave back some grounds. Hang seng up by 0. 7 the shanghai was up by 0. 9 . Then if you check things out in europe, its a mixed bag ftse up by a quarter percentage point. The dax and cac are weaker stocks in italy are down stocks in spain slightly higher. Check out crude oil prices you will see that crude oil looks like it is up about 29 cents. 47 57. 45 for wti. We are watching a couple big stories this morning were learning more about that deadly amtrak crash in Washington State yesterday three people were killed, nearly 100 more injured when the train derailed the ntsb confirmed that the train was traveling at 80 Miles Per Hour in a 30mileperhour zone the crash left sev
Housing startswere pretty soli this morning roadmap begins with that record run for the markets. The dow has now closed at a record 70 times this year. Will the rally push through year end amid turmoil in d. C. Speaking of records, the nasdaq breaks through 7,000 for the first time were going to take a look at the names driving that index higher. And downgrade for apple has the stock down slightly and hot holiday item that is sold out. Weve got the latest first up, futures are on the rise after another historic day for stocks, including the dow posting the record close of the year the house is expected to vote on the tax reform bill later on today. Looks like pretty clear sailing and Senate Begins a mandatory debate but pretty much with colins and corker and lee, this thing will get done. I think that people are driven by estimates. And i had United Rentals last night. United rentals immediately gets more cash. What are they going to do . Put more people to work, buy back more stock. W
Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 points here or 8 there, maybe thats commensurate. Well wall street journal today, stocks plunged scarier than greece and thats written by the head of emerging markets and global macro at global stanley investment management. They make the point which is hotly debated in the market to what extent does the market crash in china have a Ripple Effect on the chinese economy and that has a Ripple Effect
Just above estimates we begin with wall streets record run futures pointed to a muted open. The dow coming off a fivesession win streak. Plus broken Business Model . Elizabeth warren promising to follow the money when she questions former equifax ceo rick smith in a hearing this morn and pepsi shares are sinking. The beverage and snack giant beats earning but has a lower outlook. The dow, the s p and the russell coming off record highs. The Financial Sector posted its highest in ten years with watches on to see how resilient the market can be. I think what were seeing is a recognition that the economy is better so instead of paying low multiples for, what . Nothing, sorry, go ahead. My pepsi notes. Instead of paying low multiples for companies lets start with the banks. We are going to give the banks a multiple that looks like a stock. Do you know how long its been since i used to speak with brian moynihan, he does a great job and i would say okay lets say you can make two bucks, what
Squawk alley. We are live from post 9 at the New York Stock Exchange. John fortt joining us from out west in san francisco. Sara eisen, though, the big story outside p g headquarters in cincinnati. Carl quintanilla has the morning off. We have a lot to get to this morning, but we are going to start with that breaking news from cincinnati and the big proxy fight over the future of proctor and gamble lets get to sara. Sara weve got a discrepancy here in the vote, michelle. P g says that it has won and that nelson peltz was not voted to the board of proctor and gamble, but we just talked to nelson peltz of trian, and he says it is way too close to call and they are going to continue to go through and count every vote, make sure some votes were not done twice, and go through it, because we are told that this is a matter of 10 million votes, and the company with billions of votes outstanding. 2. 7 billion shareholder votes to count. So that is where we stand right now. The Shareholder Meeti