Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at this run . At this point, is it getting toward as point
Eight in a row for nasdaq. The longest string of records in 21 years. We have fox Business Team coverage. Grady trimble is in chicago with the latest on the bowing shake up. Boeing shake up. Phil flynn at cme. Grady, kick it off with you. Reporter no doubt, boeing new ceo, David Calhoun will have his work cut out for him. Having to get the 737 max plane back into the air. Also winning back confidence of people who might have lost it in the companys 737 max. All of this comes after the now former ceo, Dennis Muilenburg has been under fire for his handling of the 737 max crisis. A lot of people say the company under his leadership was too cozy with regular regulators getting the plane to market. Families of the victims said the company wasnt transparent enough after the two crashes and how boeing played at least a partial role in the clashes. Boeing halted production of the plane last week while it works with the faa to get it recertified. The company says the new ceo will bring new comm
Trading day. Former dallas fed advisor Danielle Dimartino booth and alan knuchman out in chicago. Quick word on hong kong. That has been developing throughout the morning, night there, then well talk about the markets. Those are violent scenes we have on our screen danielle. This has been going on, going on for six months. I was there at the very beginning of the protest movement. The protesters with the goal to have the extradition bill delayed and taken off the table all together, had some success. But they have continued. The Police Continue to fight back. You wonder how it all ends. What do you think . You do. People should try to recall on per capita basis hong kong has some of the highest income in the world. It also is the conduit. It is the way that china access es the world financial markets. The fact it is in recession cannot be overlooked. This is something that is clearly not dissipating. It is not going away. I think a lot of people thought by now we would have seen this c
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