Weve had confirmation of a monster deal. Ryanair, europes largest carrier, committing to the 737. Maxs. Oing to buy 75 737 this comes on the heels of that grounded,being un after the huge grounding following those two crashes. We will be talking to the two ceos of these companies at the top of the next hour. Alix this is your super bowl. I just want to point that out. Some data dropping right now as well. Ism men effect ring data for november ism manufacturing data for november. Mike mckee has that. Michael it is slightly less than we expected. It comes in lower than the prior month. The services pmi comes in at 55. 9 from 56. 6. Not much of a change. Still growing strongly, which is important because this is a Services Economy. New orders were down a touch, as is the business facility. 51. 5 from 50. 1. In the Manufacturing Survey earlier this week, we saw employment fall into contraction soritory for manufacturing, Rising Services employment is still good news for the auto for the ov
Urging people to avoid standing underneath trees when winds are blowing like they did overnight and late today. Check out this trampoline that toppled over a fence in fremont. Police tweeting the picture to remind everybody, make sure that your items are secured, tied down during heavy winds. Its all part of the Public Safety power shutoffs. Hundreds of thousands of californians are affected, authorities trying to prevent their equipment sparking wildfires in extreme winds. Take a look from pg e. You can see exactly where power is out right now across the bay area. All the dots there in purple. You can see thousands of people are still affected in the bay area. Although the situation is getting better. We have Team Coverage today on the Power Outages and the winds. Abc 7 News Reporters Laura Anthony and Wayne Friedman are checking in on customers affected in the east bay and north bay. Lets begin with abc 7 meteorologist drew tuma and the forecast. The red flag warning still on. Yeah,
Good. Varney company is about to begin. David lets get right to your money and there is more of it. Markets expected to open higher as china cuts tariffs on 850 products. Come in, market watcher Keith Fitzgerald. Will we hit 29k or even 30k before the new year . What do you think . That is not as outrageous as it sounds. We are within striking distance of that. We got to have a good broad session, but the lack of headlines that are going to interfere with that is key. I think we will get there. David you think of what has happened in the past year and again, a lot of it had to do with the fed, wasnt necessarily because of trade policy, the fed was pushing up rates, that was pushing down the market, but 6,000 points since a year ago, and i think the bottom was actually more than 6,000 points, when you look at it today. What was happening then thats not happening now besides the fed . Well, i tell you what, this is a real testimony to the faith and inspiration and innovation that drives
Good thursday, everybody welcome to power lunch lets take a look at this record rally. All three major indices at new high the dow is up 21 in 2019. The s p up nearly 28 and the n nasdaq up 33 just this year were in the green today check out some of the new highs across the board micon, citigroup and kellogg joining that party ty thank you very much with a few trading days left in whats been the best year for the market since 2013, bob is at the New York Stock Exchange with a look at what worked in 2019. Hi, bob. A lot worked. Thats the good news the rally has opinion fabeen fa but dont kid yourself top 23 stocks in the s p 500 all were up. All 23 were up some of them were up really big. How big . S p 500, up 28 . The top ten stocks by market capitalization were up more than 40 . That means as they get bigger, those stocks have more and more influence on the s p number one, nothing knows bigger than apple this year look at this, 77 . Thats not a typo. How much is that thats 800 points
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