Yeah. Didnt scrooge send over a turkey at the end . He did something. He sent over dinner. And tiny tim was like, wow, its the best christmas. I dont know if that was the book version or the movie version. Im getting a little wait a minute there was a book huh . Yes, charles dickens. I know you know this we had this discussion there was a book it wasnt just a movie some people we know get all their news in tv which we hope is you at home. We hope you are getting your news here today. Look at the u. S. Equity futures. This is after major averages closed at record highs the s p 500 closed above 2600 for the first time as we saw this technology rally. This morning things are mixed. Dow futures up by 12 s p is down by a point and nasdaq down by 3 points. The major averages have been up three of the last four sessions. The dow had its 60th record close of 2017. The s p 500 saw its 54th record close of the year. Guess how many times, if you want to get to the record, 54 so far this year. The
John kelly has denied reports of that the white house is planning to remove Rex Tillerson and replace him with cia director mike on pao. Global news 24 hours a day powered by more than 2700 journalists and analysts. This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Coming up, the bitcoin waiting game. The ceo gives his take on the volatility of the worlds most traded cryptocurrency. Shines onspotlight google. How will big tech respond . And a if i front ai at the front lines. How machines have affected social media. Inhnology stocks rebounded thursday trading from the worst drop in more than a year. While the nasdaq is recovering, the dow staged the third triple digit gain in a week. Where are we in the market cycle . Our equity strategist joins us from new york along with our guest host for the hour, david kirkpatrick. Gina, i will start with you. Where are we . You said these stocks could be subject to rotation risks at the end of the year. Is that what we
Replacee house could Rex Tillerson with cia chief mike pompeo, according to people familiar. Less than half an hour till the european open. Lets look at where futures are trading. The indications are that we will have a positive open on the butinent, a drop in london, really very little change as you can see. 01 on the1 dax futures. Anyones guess. Lets look at the gmm screen. Yesterday, there was a lot of Movement Across Asset Classes. If you look at equity indexes, the s p 500 had a fantastic way because it looked like there was going to be Real Progress on the tax reform debate until the evening last night when we hit stumbling blocks. The markets were bullish into 500. 8 , the ftse was down. 9 . We saw such a strong pound yesterday. Currencies, the Canadian Dollar is a gainer up. 25 against the greenback. The Swedish Krona a big gainer and the bloomberg dollar index down against all of the pairs we look at. You will see that theme throughout markets today. Dollar weakness. Lets see
Lower, the s p 500 having the biggest reversal since february 2013 so what changed as tax ufori dont weighs off, it looks like fears may be back. Welcome to fast money. Thanks for being with us today remember there was a kurt ffl last week, but now Chuck Schumer and nancy pelosi say they will go to the white house on thursday, to meet with the president. Theyre expected to hash out some negotiations over this Government Spending showdown remember, friday is the day on which the government will run out of the money if they could come up with something we hope the president will go into this middle eastern with an open mind. What theyre talking about is that moment we saw last week, with the president appearing at a meeting with two empty chair for chum schumer he said he didnt see any possible de, so the democrats decided not to show up to sort of demonstrate now the democrats are going to the white house for negotiation, if there is a Government Shutdown this year, it wont likely be th
Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens