No i dont mean the decade where our party only have a political party, im talking about this week of thanksgiving where the buyers pay up. Buy buy buy buy buy buy and the sellers walk away sell sell sell. T almost as if theres a selling ban. The dow down today, s p up, nasdaq falling fresh alltime highs across the board. We have to go and resort to the tape i want to give you some examples so you foe how to spot this kind of behavior. Lets start with the stock of apple. Its soring. Why . This is how you know its good you go and check out the news fold we have a half dozen articles about apples home pod is way behind amazons machine and how the devices lay for the holidays negative, negative, negative, negative the stock rallies 3 bucks. Why . Because the sellers are on strike how bad facebook you check the news flow. Buzz feed has a negative piece about how facebook may be kicked out of russia. As cuban explained, you can see the worse for at t challenging the justise department but ta
It is about to clock it 68 record close of the great 2017 market rent. Less than an hour to the closing bell. Just keep the tv on. We will have some fun this hour and get you some real news. Lets start the countdown. We have some holiday breaking news right now. Take a look 18 hours away from one of the most beloved holiday traditions that is obviously from the peanuts thats charlie brown. Nobody can tell in the booth but it looks to me. The iconic yellow and black shirt. This is the moment for the may seems thanksgiving day parade. They are blowing up the balloons for what has become as much of an american tradition as turkey and stuffing. It will be dazzled by gigantic floats. This started in 1927. The first character was felix the cat. Where is our meowing audio here. Lets check the markets and the in the shares of macys ahead of the parade. A nice day ahead of the big black friday weekend shopping. Shares are breaching through the floor of 20. A nice move for macys. And looking at
Weve got something bigger in store for next week. Meantime track how much money youre making by the minute with the bitcoin bug via coinbase right now on your screen the other big story this week, disney closing its deal to buy parts of fox Michael Burns is here to weigh in on the media mayhem could his company be the next target first, what all the wall street is waiting for, tax cuts. Were moments away from the release of the tax bill. Lets check in with eamon javers in d. C. For the latest reporter hi, melissa the big reveal coming up at 5 30, people waiting to see whether particular measures got in or out of the final bill, released at 5 30 eastern time. There were major developments today including two key senators who came off the fence and said theyre going to vote yes. Thats marco rubio who apparently got much of what he wanted or at least enough of what he wanted on the child tax credit, and senator bob corker who was the only no vote in the senate last time around, hes a yes
By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks
By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks