The president meets the Senate Finance committee today. Mcconnell, ryan kermit, schumer, pelosi tomorrow. He wants a win, so we repeat the question. Is it possible to republicans will say no . Dont answer that question. The Market Holding it right. The dow opens flat. At or close to alltime record highs. We will be paying close attention to amazon. The 100 billion network on friday. How many billions will he make or lose today . Well find out. Varney company about to begin. Stuart okay, not by the way with the beatles obviously love me do. Well done. That was the first pop song that hit the charts by the beatles back in 1962. Why would play in that . A picture tells the story number prince harry and megan markel. Theyve announced their engagement. Trade through the worst kept secret in the royal watch. They got engaged last month and will be married in the spring of next year. This is one of those things and has said he wants to begin a family and doesnt expect it, megan markel is 37 y
The story of a neighbors collapse. Venezuela massive street demonstrations, three dead. The socialist president maduro says the time for come back has arrived. Its destabilizing the region. What should america do . Send in the marines, send food . Let them sort it out themselves . Were on it, and what exactly are we allowed to smoke. On the day that new york city bans Tobacco Sales in some stores and tries to put up the pack of cigarettes to 13, thousands of people will light up a joint in public. Its marijuana day, 420. Come to this, tobacco increasingly expensive and outlawed and marijuana increasingly accepted and getting cheaper. Varney company is about to begin. A disintegration of venezuela, once a wealthy country, sitting on the biggest oil reserves in the hemisphere, now a socialist dictatorship and falling into anarchy. Look at that. Emack, whats this about the seizure of a General Motors plant. Liz yeah, affecting 2700 workers. The judiciary in venezuela took the factory and
Shortened day. S p running about 42 percent below the 10 day average at this time. All three major averages not much changed. If you take a look at my terminal and the sectors on the move. Some stocks are more resistant to economic weakness, telecom, staples, health care. Energy and Consumer Discretionary stocks remain lower. Energy has been weaker along with oil prices. Alix but because it is black friday, you are not going to draw a correlation. You are not going to go by consumer stocks. Julie true. Lets start with amazon. Very little changed today. Abouthave been talking all morning, you can not necessarily extrapolate thanksgiving or black friday sales to the entire holiday season. Role 43 yearoveryear. Amazon comparable sales, 29 . Big boost for amazon. I did want to mention a big news story. Is going to soon let prime members who use their Video Service tap into what would be like a bundle for the cable network. Interesting potential from amazon. Up 7 in terms of what we saw on
It is up 200 plus points because being cheered on by the reserve requirements in china. This is an internationally lyly oriented market right now. Is that the idea . I apologize if im repeating anything. Bill pointed out the dow is up 217. Lets skip straight ahead to the Closing Bell Exchange and introduce our guests. Joining us at the top of the hour to kick things off. We have price heedley, kate warren from edward jones. And our very own rick santelli. A welcome one and all. Anthony chan the big news this weekend, we have to talk about a china rate cut. The u. S. Central bank the japanese, whats the message to investors. Central banks all over the world are coddling Financial Markets, coddling the overall economy. Thats one of the reasons we dont get big corrections anymore. We get mini corrections. Right after the chinese announcement on friday that they were going to go ahead and restrict margin trading. The analysts warned and said the Financial Markets would melt down on monday
Fed and personal income as well as personal spending data. We will give you those numbers. 9 55 a. M. , university of michigans Consumer Confidence numbers. Facebook starts its first day of trading in the s p 500. That is something you have heard about and prepare for last week. It becomes official now, you will see it in the listings. It is the 100th anniversary of the federal reserve. After that topsecret, 1913 meeting on jekyll island. I have been to jekyll island, is very interesting. Another institution is making news. Not the fed, the imf. Raising its forecast for it u. S. Growth. You can see that reflected in u. S. Futures and around the world. Futures up 7 points on s p, about 0. 5 gain. Same on nasdaq and dow. We are seeing the grind higher for bond yields, 2. 9 on the back of fed taper. Chinr taking it on the against most currencies. Crude oil falling, it has been an uptrend. That has an effect. Looking at the price of gasoline. Cents over the last week. I knew i paid more. G