Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in terms of online sales with so many Stores Closed but today we found some folks lining up for door busters this morn
There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow
And the bit coin and crude a little softer on the day. Jonathan President Trump has the market on the brick of history. The dow closed in record highs in 10 straight sessions, the longest streak in 30 years and two more days of gains would tie it for the longest ever. The treasury secretary took some of the wind out of the sails, sending yields and the dollar lower and this comes ahead of the president s speech with a conserve pitch Political Action Conference Today at 10 20 p. M. Eastern and address the congress on tuesday. To discuss it, the head of strategy and then the head of the office at ubs. Jeff, lets begin with the 24hour roundtrip of the treasury secretary starting 3 growth and talking about a tax plan coming in august. Why didnt the bond market buy it . Jeff at this point its in a world of expectations and you mentioned two factors, the yield and the dollar. But that does come after three key components in terms of financial conditions. Two of them have eased somewhat yield
But i dont know if it was coincidence or not. Ever since the apple watch was introduced, they brought out everything else. As soon as the watch came out, the stock started to fall. Last i saw it was down about 1 probably off the lows right now. Everybody was waiting for the watch. They got a bunch of other things. They got this research kit which is very interesting. On health. An accumulation of information that crowd sourcing of medical information that people can share. This one app that is going to be on the Apple Technology the operating system. And then the new mac which got your attention. Because it was gold. You know how i feel about gold devices. People noticed who were watching this tick by tick moves of the stock that thats when it hit the high for the day and then came back lower. Once they actually started to talking about what the event was about to begin with the apple watch, we got pricing, the 18hour battery life. A lot of details from apple and well keep you apprised