Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
Much bigger problem. Hello and welcome to daybreak asia. Im in haidi lun. In newim betty liu york. Some investors here watching the and saying is that a ticking time bomb that eventually will go so high that it only has one direction which is down. And big correction. So far, so good. I want to pull up a chart here. What is so fascinating, the vertical lines that you see represent days when all three indexes, the s p, nasdaq and dow, reached records. Take a look at how many of those days we have had in just the last four months of this year. We kind of took a break in the middle, and big gap but look at this as we continue to head towards the end of 2017. No doubt a big santa claus rally, right . Haidi absolutely. You look at that. I know we get the occasional pullback but for the large part it is defying gravity. It feels with the momentum building intoit feels with the m building into tax, we will get something before christmas, that we are squeezing everything out of visible run bef
[ applause ] historic moment on capitol hill. We broke every record. Its the largest tax cut in the history of our country. Congress passes the largest tax overhaul in u. S. History. Giving President Trump his first major legislative victory in office. How this impacts all of us. Now, fox 29 news at 10 00. Tragic day in northeast philadelphia. A little boy just eight years old killed in a car crash. A witness followed the car that took off after the accident. Thanks for joining us tonight at 10 00. Im iain page. Im lucy noland. To night police have the driver in custody. But friends and family of that little boy are left without him just days before christmas. Fox 29s Dave Schratwieser is live at Philadelphia Police headquarters. Dave . Reporter lucy, not only is the driver in custody but they have recovered the van in this fatal car crash. According to investigators, the driver was speeding and weaving through traffic at the at the time time of the crash. He did take off High Ranking
Holidays s p futures up by 5 and nasdaq up by 11. 5. Heres some of the stories were watching this morning. Economic data later today. 8 30 a. M. Eastern time weekly jobless game. And then at 10 consumer sentiment. Deer will post the latest Quarterly Results before the bell and a story of note for sports fans. Draft kings and fan duel have their day in court. Theyll square off against the new York Attorney general today at the state court in manhattan. The ruling will decide whether or not the companies can decide to continue to operate in the state as the Court Debates whether daily fantasy constitutes illegal gambling. Stocks to watch, hp is one. It fell short of expectations and revenue fell 9 from last year. A fifth straight quarter fall in sales. They split into two separately traded public companies. Earlier this month they sell personal consumers and printers and they cover commercial Computer Systems but its tough. Its just a tough business for hp. For all the tech games in this
Broadcast center. Now at 11 00, an east bay teenager killed in a freak accident involving a tree. Im dan ashley. Im ama daetz. It happened next to childrens ferry land in oakland along the shores of lake merritt. Abc news alan wang is there to explain what happened. This is the long portion of the tree that snapped killing the boy around 6 00 that evening. It appears the tree had been weakened because the top of it either broke off or died some time in the past. It is something an arborist has to determine now that somebody has been killed here. It happened off the trail around lake merritt next to the ferry land sign. A witness says three teens were siting on this long branch when another 16yearold boy jumped up and grabbed on to the end of it. The witness tells me he gave the boy cpr, but he realized that there is no hope because it looked like the boys neck was badly broken. The victims parents and other adults were there celebrating a birthday. All gathered around and went as the c