Trading higher now as the greenback finally found a flaw. A conference call. Merger,s announced a but will costcutting be enough to justify this deal . Than half anless hour away from the european open. Take a look at where futures are trading. As you have been talking about this morning, as well as on n stocksk, asian moved lower overnight. A quick look at treasuries right 2. 557 . Still not seeing a huge selloff in european debt as yields are down. Gmm,lets talk about the thers acting as a drag on strictly an story. Central Bank Decision out of canada later today. The Canadian Market down 1. 5 yesterday. Russia has opened up this morning by about 0. 8 . I will give you a heads up on what is happening there. India is looking a little more positive. Asia is down, but not that down. There it is. There is the dollar and we will talk to mark cudmore that what is going on with the greenback. Lets roll this off and show you the commodities space. Theres the sugar high coming to an end, down
Small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. Well have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. Which is still to come lets start, though, with todays earnings parade that is driving big moves in the market. In various stocks. Bob pisani joins us now with the highlights from this morning and we have a preview of whats still to come here tonight, bob. Retailers coming, bill, but remember 75 done. Still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. Despite the hurricanes and the issues, they gave a terrific 2018 outlook thats why the stock is up almost 3 . Move to the left, remember coach, well, its now called tapestry, that i had a decent number here. The small beat, revenues were short. Remember, now, they now own kate spade. So theyre merging the company i would call this a transition quarter
Wilfred frost today. Good to have you here one year later we will take your temperature on this market feels like a long time in some ways, real quick on others. That night, election night, wilfred and i were here at this time, i think we started anchoring 2 00 a. M. , futures were down 800 points then they came right back up even if you thought that it was going to be fine it was going to come back, you didnt think it would be within hours you didnt think you would see maybe you did, 20 climb since. One of the most profitable years in memory. Well talk about oneyear later since the trump election victory. Futures now indicating a mixed start. Dow futures down three s p down one nasdaq up two points this after yesterday stocks came off record intraday highs to close lower. The dow did manage to keek out a gain the tenyear treasury note yield, lower yields, just when you thought they would go straight up, we go back down at a threeweek low on the tenyear yield, hovering around the 2. 30
Great to speak with you once again. Let me start with asking you how you are processing all of this happening on capitol hill. Housef republicans in the and senate wants. We just heard the senator of north dakota saying the top tax rate will be 38. 5 . How are you processing what is happening . Mick we love it. We are having a great time because every time we hear more details, what we learned is it is reinforcing the fundamental principles are being met. The contest we set up six weeks or eight weeks ago we set the most focus on,re middleclass tax cut in the tax and thets more simple, tax rate is as low as we can get it at 20 . The houseal about bill, just hearing stuff about the senate bill today. Those principles are being maintained, which is encouraging. It means they are taking our proposal seriously and setting those in stone. Right now, it looks like were negotiating the smaller details. It does not mean they are not important, but things are moving in the right direction. Pres
Announcer this is on the money. Your money, your life, your future. We begin with thanksgiving. Its not that far away and its always been a family holiday spent around the table. But in recent years, shopping has become part of the tradition, too, as retailers move their friday blockbusters to thursday, could that trend start to reverse now . Reporter after a multiyear trend of Stores Opening earlier and earlier, some are reversing course, closing on thanksgiving. The countrys largest shopping center, minnesotas mall of america, and 72 regional malls, operated by cbl and associates, say the decision to close on thanksgiving is to give employees the day off. But experts say, thats not the full story. Even if you dont believe that those sales are incremental and profitable, as a retail ceo, you may still decide to stay open on thanksgiving day, because you dont want to give up that market share to one of your competitors. Reporter shopper track, which measures sales and traffic in retail