Goldman says the coronavirus will hit prospects for copper, as Chinese Industrial action is in significantly below capacity. Anglo american starts a busy week for commodities earnings today. The curse of monsanto. In the midst of the roundup scandal, bayer faces a potential multibilliondollar lawsuit over a second weedkiller it inherited in the 2018 chemicals megadeal. Just under an hour away from the start of cash Equities Trading across europe. We will take a look at futures this morning. Acrossseeing gains europe and u. S. Futures. We still have a wild to go until the u. S. Opens, but we have decent gains in europe. Dax of more than one third of a percent, ftse futures up. 25 this morning. We also seeing gains in the u. S. , although we have solid a seven a solid seven hours until he open up over there. And dows p, nasdaq, jones futures all gaining this morning. We have breaking news on china. China is delaying its annual npc npcing according to chinas going to review the possibilit
Wanting that big walgreens boost buyout. Article one of the worst performers. 500 gaining in that late rally over the last 20 minutes or so. Pushing into the green. All three indexes are up by at least 1 . The nasdaq leading the way. Lets check in with our reporters across the different Asset Classes to see what theyve been monitoring as we head towards the close. Get us started. Euros downook at the on the day but also going into its second weekly decline, that is hitting the lowest point since 2017. Positive on the day. Thats declining with weekly decline is crucial. Some analysts worrying maybe this could be a signal of the year hitting parity with the dollar with something we havent seen really coming off concerns around Economic Growth in europe but also some ecb easing. The key is going into next week which that data suggests we will watch the Consumer Confidence data as well as manufacturing pmis. Was tracking gold prices and coronavirus concerns are sending gold Prices Higher.
And that, weve taken 40 seconds out of the next show, but since i cohost the next show, i took it from myself, contessa its paying peter, robbing peter to pay paul. Whats new at 2 00 stocks sitting just below record highs. Bank of america says theres no euphoria in this market. Thats a good thing. Plus boeing soaring on reports that Warren Buffett is jumping into the game, but theres one bearish analyst who says sell this stock hell be here to make this case. Later, Oil Prices Rising as tensions in the middle east ratchet up are higher prices here to stay well hear from the ceo of marathon oil power lunch starts right now the dow off the lows of the day but still down b about. 40 . The s p in the red as well down a quarter of a percent look at the north ameriasdaq in stocks check out micron and western digital. Theyre surging after cowen says both of these stocks as a buy. Micron up almost 8 , tyler the markets largely shaking off concerns about iran instead focusing on hopes for earni
Up well dig into that. Celebrity chef eric ripert joins us live. It is going a big hour ahead but we begin with that massive shakeup in whats called the corporate story of the year. The most important stock in the dow. Boeing firing ceo over the 737 max crisis and poor communication with investors and regulators it cost his job. Removal is effective David Calhoun will take over as ceo in january some might say this is a complete 180 from what 180 and muhlenberg just said last month. From the Vantage Point of our board dennis has done everything right. From the beginning remember dennis didnt create this problem but from the ginger knew that mcas should to be done better. Have you ever satin company and thought you should leave i thought about it. To be frank thats not what is in my character. I dont see running away from a challenge, resigning as a right solution lets bring in our airline repo reporter and our cnbc contributor. Right move by boeing, right timing, overdone, too late a l
Economic outlook remains favorable. Plain english, no recession on the horizon. Growth continues. Top banker jamie dimon joined the optimist club. Growth will continue, he says, and he expects a phase one trade deal with china. This week, we reported on jpmorgans call for market rally next year and Goldman Sachs call for a Strong Economy next year. 2020 looking good. Todays Market Action is somewhat clouded by the uncertainty of whether or not theres going to be what the results will be of that white house trade meeting. The dow will be down 30, 40 points. Small loss for the s p. Small loss for the nasdaq at this point. Now, the president s looking good. Reports this morning that some House Democrats will not vote to impeach. That means a split Democrat Party and a hyper partisan impeachment process. Not supposed to be like that. Oh, and the brits are voting. Looks like the socialists will lose. Varney company is about to begin. Stuart all right. We are beginning with the trade meeting