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
Wilfred frost. Lets check on Global Markets because we are on this friday seeing gains, at least on the futures side of things you can see futures pointing to a higher open, the s p up by about six points, the dow up by about 78 and the nasdaq up by about 13 points overall. Lets get a check on the fixed income markets on the treasury side specifically with the tenyear u. S. Treasury note, yields are 2. 362 , a little lower than they have been over the last couple of days. So the Interest Rate picture taking a little bit more clarity given the feds Interest Rate hike and some commentary about the future still, though, yields in focus, especially for those financials, courtney. Lets look at whats going on around the world in trading. So take a look at what happened in asia overnight. Mostly lower, as you can see the south korean kospi is the one outlier higher by about 0. 5 the hang seng was the biggest laggard, down 1 a lot of focus on whats going on here in the u. S. When it comes to o
Stock exchange joining us this morning, a former chief digital officer of new york city. Great to have you here at post 9. We should mention the president has signed the 1. 5 trillion tax bill into law. We will see that in just a few moments on tape playback, so keep that in mind. Dow is down 29 bitcoin hitting a record high on sunday from the peak, recent peak at least, bitcoin has lost about 121 billion of its total market value in less than a week, although, mike, you say along with plenty of others that comparing market cap and this instrument to other things isnt necessarily smart. Just a snapshot, so clearly, you know, you wouldnt want to say that much value was wiped out. You didnt exchange that many dollars for that much now lost, but still a big number, big decline. I have to know where youre coming from on bitcoin right now. Well, its one of those things people are not sure where things are going, and i just tweeted someone who said everybodys talking about bitcoin the way in
Power lunch starts right now welcome. I im only slight movements and dow looks like it will end another week higher. What a year its been. The s p lower by 4 and nasdaq lower by more than 14. Some of the big single stock stories. Nike trying to drag the dow down the margins put had hit on weaker demand and cost cutting www too many ws, the wwe body slammed reports that Vince Mcmahon is selling shares to restart the old xfl. And san diegobased ignyta being bought by roche for 1. 7 billion. President trump leaving the white house for christmas, but he signed the tax bill into law before he left and more companies now saying that they will give out bonuses to their employees as a result of that tax bill live at the white house with more brian, thats right left the white house earlier today and the president is on his way to maralago where he will spend the christmas holiday. Before he left, he took care of a couple pressing matters of business signing the cr the continuing resolution that
Good afternoon, sara bloomquist is off and in the news an elderly woman goes mszing on christmas, what we know about the grandmother last seen in Montgomery County and two workers are hurt during a pizza store robbery, details on this heist caught on camera in philadelphia. And the big story say hit and run that leave a woman dead on her 90th birthday, police say that a vehicle slammed into her home in buck county early this morning, the driver left the scene and the woman later died. John rawlins live now with more. Reporter a sad bizarre story, these tire tracks on the lawn tell much of it, you can see where a vehicle jumped the curve and plowed into that house, that is where the 93yearold was asleep and her son caring for her picks up the story. All of a sudden the whole house shook. Just shook. I said what is going on here . And i saw a screaming truck goes away from me. Ron was in the front bedroom and he ran to the back bedroom where his mother, jenny was. And i go back there and