Gunmen have taken 170 hostages at the Radisson Hotel in malis capit capitol. Europe has no time to waste. Theyre calling on ministers in brussels today to cooperate in the fight against terrorism. Shares in nike are on a run after they reveal a 2 for 1 stock split and 12 billion buy back program. Good morning, everyone. It is friday. Lets take a quick peek at what u. S. Futures are doing early hours. What we saw yesterday was a pretty flat day of trade. We saw the dow jones off by a couple of points but this morning expecting slight gains. The s p 500 seen up by 4. 5 points and the nasdaq seen higher by 11 points. Look, health care, that was the big outperformer yesterday on the back of United Health care warnings and Energy Stocks underperforming on the back of weakness in Energy Prices but for the weak we want to tell you that we are on track for hefty gains. Some 3 for the major averages. The dow and s p 500 on pace for the best week in six. Quick check on what european trade is doi
The nasdaq lower by 15 and the s p 500 lower by 7. Andrew . Thank you, michelle. Hope you had a good weekend. Well tell you about the Corporate News as pimco is working to assure clients it has a solid team in place. Thats what they are telling everybody to manage their funds following the very public departure that surprised so many of us of founder bill gross that happened right here on the air on squawk friday. The bond giant has seen 10 billion in outflow since that news first broke. And the wall street journal now saying some are projecting withdrawals could hit 100 billion or more. The ripple effects from gross departure being felt far beyond pimcos doors. In Newport Beach they dropped upon the gross news. Also, meantime pimcos new ceo doug hodge says they are moving away from the founding. In an interview the total return fund run by gross does, in his words, decline pimco. Well tell you other Financial News this morning, Goldman Sachs tightening its interest rules on investment
Were left undelivered. It is a half day close for the markets today. Germany closed today. Other european markets are having shortened sessions. Take a look at futures right now and see how the market is setting itself up for this Christmas Eve market session. Dow jones would open higher, about 43 points higher. Nasdaq up 10 points and the s p 500 up a little over 5 points. Weekly jobless claims, were going to get that at 8 30 eastern time. Economists are looking for 290,000 first time filings for unemployment benefits. Then weve got Corporate News to tell you about. Takatas president is stepping down amid the scandal over that massive air bag recall. The companys grandson will assume that role. Everybody is wearing red. Merry christmas. Merry christmas, everybody. Among the biggest buzz stories this morning, south korea now indicting i thought we were talking about north korea. This is south korea. Ubers ceo. The Ride Sharing Services governing a law involving public transport. This i
Hershey. Two economic reports today. Weekly jobless claims at 8 30 eastern time and december pending home sales at 10 00. And eu Foreign Ministers are meeting in brussels. The rouble weakening today on the threat. Andrew. Well talk about the big changes happening with mcdonalds in a minute but first a quick snapshot of other stocks this morning. Facebook beating the street on the top and bottom lines but Revenue Growth was the weakest since the start of 2014 and it rose faster. The Company Plans to cut spending by 15 billion over three years as Lower Oil Prices take a toll and qualcomm lowering its outlook for the year. They warn the newest mobile chip will not be used in Major Customer flag ship smartphones. Is that an app . Apple is selling all of these phones. Citrix with better than expected growth. The company is also cutting about 900 jobs. Also salix pharmaceutical will restate financial statements. First three quarters of 2014. Earlier this month the company said it was explori
Offs. Kentucky tennessee, virginia maryland crippled by a winter storm. Federal offices in washington d. C. Will be closed today as they brace for snow. Airports in North Carolina and tennessee look to be the hardest hit and well have a live report from the Weather Channel in about 20 minutes, scott. Heres the big stories were watching today. Two economic reports of note. 8 30 a. M. Eastern time the new york fed releases its february survey of manufacturers and then at 10 00, a read on housing from the National Association of home builders. Theyll attend negotiations in the west coast. Drawn out talks between Dock Workers Union and their employers have come to a assault and as a result sports are clogged with cargo. Facing the deadline among the filings we have already seen city group, aig and Delta Airlines while exiting positions in bed bath and beyond. Among green lights new positions, time warner and east side technologies. They took a stake in American Realty Capital Properties in