It was being called the christmas protest. Three big hours for you. Buckle in. Merry christmas. Varney company about to start right now. Charles huge gains for the markets this year. The calendar year, in fact, has wall street looking extraordinarily well. Want to bring in market watcher Rebecca Walser on these gains and of course, at this point in time, we always look ahead. What do you make overall of this market, considering all the negative headlines, all the negative speculation . First to have this kind of market is really remarkable. Charles, it is. Merry christmas. Im having such a great retail season high. I dont care what the retail experts, you know, were expecting. We got 3. 4 growth and Super Saturday, charles, the biggest shopping day ever. 3. 4 billion on Super Saturday. Thats what happens when you have a short Christmas Shopping season, right, from thanksgiving to christmas. Charles yeah, no doubt about it. And i got to tell you, its anecdotal but as i looked around at
Security firm proofpoint. And 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. Wework, however, stumbled to debut. We will have a recap of it all. First, to our top story. Tesla shares set a new record high and reached that infamous 420 mark. You will remember 420 was the price ceo elon musk claimed tesla would go private at last year. Earlier today, musk tweeted, woah, the stock price is so high. Lol. Joining us to discuss is our Bloomberg News reporter, ed ludlow. Another day, another record high. What is driving it for tesla this time around . Reporter the momentum is all about china, taylor. Overnight, tesla secured 1. 4 billion in financing from local banks and much welcomed cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month high. Youll remember those vehicles are subject to a 25 import duty. The logic follows that if tesla get the plant can s
By and by down by the sleigh well wander, sweethearts you and i wait til the sunshines, nelly, by and by terrific. Merry christmas, everybody and one of the traditions is to bring children and grandchildren down on the floor. Theres a number of them here today. Tell me your name. Shannon youre the daughter of a retired member, right . Yes. His name . Michael spidaro do you know why the New York Stock Exchange is important . It makes new companies and businesses thats the right answer thanks mike, one of the big traders for gts does all of the Retail Stocks your work through the year, keeping the markets moving and keeping liquidity in the market. Thank you, bob. Merry christmas. Art cashin, 55 years, started almost this day, 1964. Thats correct. In the same book as John D Rockefeller and jpmorgan they were just a touch older than i am. Lets hope youll outlive them all by a long way thanks very much Merry Christmas. Thank you all for coming down for a great tradition that goes back 150
It right here live. And we are looking for more market records today. The dow and s p and the nasdaq, all expected to make records. It was a year ago today that the market was in freefall. Remember that . It was about 6,000 points lower on the dow. That is very much not the case today. Varney company is about to begin. David and there is news overseas. We are watching hong kong this morning. Monthslong protests are flaring up once again. Riot police fired tear gas at protesters this morning. We are going to be monitoring this throughout the morning right here. But lets focus on some positive news at home. A brand new sales record, Super Saturday sales hit 34. 4 billion, the biggest single day of retail sales in u. S. History. The figures coming from Customer Growth partners. Joining us is retail watcher michael zacore. Ive got to think this is all about the economy. We have fatter wallets because people are making more. Weve had increase in wages and we have jobs galore. Is that why pe
One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous Ceo Travis Kalanick was forced to resign after a series of scandals. Dara khosrowshahi was brought in to rebuild. He has brought in new management and pushed the Company Beyond ridesharing. It has not been entirely a smooth ride. A big ipo Spark Investment but investors were not impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if he had made the right decision to join the company. Dara we have resolved the governance conflicts the company had. There are many issues the company was involved with. As a partnerank and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bu