Lackluster trading an ugly chart for the biggest in the market and shares have fallen 11 this month alone. Intel and microsoft also a drag today and its hard to get much going for the nasdaq as well given that tech slide weve seen and the continued march higher for yields take a look, the 10year higher again, pressed against its highest level since last october. It takes us to our talk of the tape state of stocks and why some say this correction is not over. New edges Cameron Dawson making the case here now at post nine good to see you again. We should note as were at the lows of the day, the dow has reached it 50sDay Moving Average. Why do you argue today that this has more to go the confluence of evidence would support theres more to go because of seasonality, were in a bad seasonal stretch, september the worst month. We know momentum has turned negative in the near term on a tactical basis and breath, the number of names trading above their 50Day Moving Average, its not washed out y
Hollywood and media. A monster deal reverberating through hollywood and silicon valley, too. The deal david has been reporting has been announced disney is buying the majority of 21st century fox for more than 52 billion in stock david broke the news seems an eternity ago and is with us at post 9, having talked to eiger this morning we did. November 6th we broke the story. People still trying to get their head around it, but here we are with the deal itself a little more than a month later. Some 52. 4 billion worth of disney stock exchanged for these assets, in addition to 14 billion from the company closer to 55 billion overall in equity when you count the 515 million shares exchanged there will be some considerations netted out and so forth is why they get to the 52. 4 billion number the stocks themselves, fox performing fairly well as people try to understand the future of this independent entity that will comprise of fox sports, the fox network, fox broadcast, the affiliates, fox b
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Our final show of the year. All week weve been playing the top songs of the year. Today were playing some of our personal favorites. This one is one of mine. I quite like this one as well, but im sure i didnt request it. All of my requests were shot down, so were playing saras favorites. Lets check in on the Global Markets after a quiet few days after stocks have pulled back and so has the dollar and treasury yield. Starting strong this morning. Dow futures up 40. S p futures up 6. Nasdaq futures up 12 this could end a strong month, quarter and year on a very high note. Well see what happens in the trade today. As for the tenyear treasury note yield, bonds have been bought over the last 24, 48 hours that pulled treasuries off their highs. The tenyear yield is back below 2. 50. Its not too far off from the twoyear highs that we reached in the last few weeks. There has been
The tenyear note yield lets take a look at where we stand right now in what has been of course one of the bigger stories towards the end of this year, but price moving up a tiny bit lately with the yield map 2. 481. There you see wti. Lets get to our roadmap this morning. And it starts with that geopolitical news. Russias holding off on retaliation. President Vladimir Putin responding to u. S. Sanctions in the wake of alleged election hacking. Futures indicating a higher open on this final trading day of 2016. Well look back at the best and worst performers and talk strategy for the year ahead. Plus, 2016 was a tough year for retailers. Will the pressures ease in the new year . Well, russias president Vladimir Putin says he will not expel anyone after recommended deporting 35 american diplomats and closing two diplomatic facilities in retaliation for similar closures here. John harwood joins us now from washington with more on the story. John. David, Vladimir Putin and his government p
Bait. We will monitor for the moments he gets up on stage. They want to know if mike pence will help his running mate prepare for the president ial debate on Hillary Clinton uses a day to do her own preparations. Preparation is the key word in this hour. There up and down the eastern seaboard. Also the carolinas are very concerned at this moment that the deadly Hurricane Matthew is taking aim at the bahamas and there are alarming reports of price gouging on water here in the u. S. We will get that story to you and plus the space race heats up. They take up with a painful hit. And Charlie Gasper in a guess bring out without warning for the tech giants. Where less than an hour to the closing bell. It starts the count on. Just as we thought. It would be the norm they have managed to bust through the clouds. Trading near session highs. S p up at 12. And as i mentioned they are turned turning have by nearly hundred 40 points. What is fueling this energy. Thats what were really seen today as