What we care about and even before the nasdatax cut. I tell you that tax cut be sill something. The u. S. Has agreed to keep pressure on north korea while secretary of state Rex Tillerson asks his counterpart to reduce the violence in ukraine. And good morning again, everyone we are still with you. Lets take a look at stocks, how things are look one hour into the trading session. We did start off on a firmer footing. It seems the momentum has changed. The profit is a little weaker on the day, lets remember, its the Holiday Season lets take a quick look at sectors, see european markets quantiti quantities 51 hundred is trading in the green. The rest are a picture in the red, struggling down 2 . Now we can delve into the sectors and see which ones are standing out a couple days for Mining Sector and commodities in the overnight session. We are overseeing it, to the down side, telecom is down. 3 technology is down almost 3 as well utilities lagging, too our next guest believes looking eas
Were they up, you ask . Lets take a look. Yes, spain and italy, i always like to see the ftse over in the uk, wilfrieds home, the only one that is up this morning. The big outperformer this month as well. Playing catchup for the year more than any other specific factors. But its been a good month the rest kind of flat for the month. Lets take a look at the tenyear yield and of course, oil Oil Important yesterday. Having climbed above that 60 mark for wti you can see its slightly below. Lets call it not much of a move this morning, flat or so and 2. 42 on the tenyear note yield. Lets get to our road map this morning. In it, it does start with those two trading days that are left for the year u. S. Futures are pointing to a higher open, buoyed by gains in the utility and real estate sector and the cryptocurrency tumbling after new regulation talk in south korea. And its the year of the global ipo, 2017 saw the most Companies Going public since the financial crisis a lot of them right her
The funeral. You always do the black. I have the same 25 suits i wear all the time. That way i dont have to think of what to wear. Its the jobs anyway. 25 shirts, 25 suits, 25 tie, every morning i say, i wonder which one im going to wear . Are they all adent cal . They are. I like to travel with plaque, it doesnt wrink him or you are cant see the wrinkments its a crisp look when you talk about money, you should wear a jacket andrew, hint hint loose, ill put the jacket back on. Respect the capitalist way. No question laying it on very early this morning. Lets give you a look at where stockmarkets futures are at this hour we had a positive close t. Major averages avoided a threeday losing streak. Can you see we are green arose for futures. The s p would open up shy one. T. Dow would open 31 points to the upside t. Nasdaq would open up about nine points. Of course, this follows some fairly positive trading overnight in acia. We saw better than expected retail sales in japan. We seen yen s
Im wilfred frost. The last show of the year. Last trading day of the year last friday of the year. Lets look in on what the Global Markets are doing. Dow jones called slightly lower as is the nasdaq s p slightly higher. We are heading for slight gapes for the week month to date gains for all three indices. The ninth straight month of gains for the s p and the dow. Sixth straight month of gains for the nasdaq lets look at the dow. Good quarter this quarter has been we have the dow up 11 the s p up 7 . Nasdaq up 7 fantastic quarter for the dow. The Consumer Discretionary the best sector in the s p so those good numbers were starting to hear about for the Holiday Shopping season, maybe they were priced in. Those stocks with a good quarter. Lets look at the nasdaq yeartodate, up 29 the dow up 26. 5 the s p up 20 been a fantastic year. Tenyear treasury note, yields have slipped this week up slightly this morning, 2. 42 in the course of a week yields have slipped significantly were back abov
Reasonable, but i dont buy it i i cant plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. You and i both respect their work a lot, but i think were going to see apple top 1 trillion long before alibaba does, and then i think it will be another American Company that comes right on their heels you mentioned facebook and microsoft. They are both close, and i think boast those could also beat alibaba. In terms of the numbers mkm makes the argument that the 720 multiple by 720 and heres the kicker, they point out, pete, that alibaba has hauls blown away consensus forecasts and thats why they seetrillion fo them first. And i tend to agree with jon. I think apple actually gets there first but i think alibaba is right on their heels. I think they are second, and they have a great opportunity. When you look at the Growth Numbers that you just cited and some of the ideas of what they have done in terms of acquisitions of late, including in the