Today is a text bookcase where you cant take you cue from the actions. This in spite of fact we got plenty of good earnings news both last night and this morning, especially in retail of all places even the amazing numbers in the stock news from foot locker, ross stores, gap, even from aerocram beand fish. Selling overseas farm markets are to a weak dollar, thats something good for the u. S those stocks were amazing. That said, a beat in race quarter always reduce higher rices for the stock in question. For this particular market, kind of approximate prices if people are betting against the stock. When i say almost always, because momentum may not always by the case, take the case of materials. A monster rally going into the quarter, it gave up all its gauge and then some. Still, its another reason why you have to Pay Attention to the individual earnings support, now more than ever when you see Something Like a foot locker and ross store up where its never been mondays got some big kne
Roadster. And the courting of 21st century fox. More potential buyers for parts of that company emerge the fate of the company and what it means for overall media and shares of cisco having a great week so far. Chuck robins joins us on set in a cnbc exclusive. We start this morning with the latest potential bidders for assets of fox that include its studio, its ownership of sky, star, fx, the National Geographic channel, Regional Sports network, i could go on and on ownership of hulu, comcast our Parent Company the latest company to be in talks with fox as i reported later last night as we reported yesterday at cnbc as well for those assets in what is described by people close to the situation as an all stock deal that would in Effect Exchange comcast shares for the assets in question giving comcast potentially a much larger international component, certainly what is described as a whole if you want to think of it that way in the companys current construction largely a domestic company
Points are we seeing signs of a top well break down head winds. We have a 6 billion chip acquisition to tell you about this morning and what it means for other potential deals as well. And retailers gearing up for black friday but walmart gets slapped with a downgrade over at goldman today. We have the latest on the Retail Sector as we begin an abbreviated trading week due to the thanksgiving holiday, the dow and s p east in the midst of a twoweek losing streak na nasdaq coming off the Third Session and bit coin surges past the 8,000 mark over the weekend. I think the high 8101. 91 theres discussion whether or not it can hit 10k. I was thinking about zimbabwe, whoever has money may want to go to bitcoin. A chinese crackdown, they go to bitcoin. Venezuela, natural bitcoin because its defaulting on everything when you see defaults and people realize currency may be devalued, bit coin seems to be a Good Alternative jack dorsey this weekend disagreeing with sara fryer, the cfo of square. S
Uptick utilities is the Top Performing sector, i guess we could say it had a pullback. It did hit a nine year high today. Tech strong, Consumer Staples are strong lets begin with dominic chu wh is following the stock market. The stock market might be a little bit ways away from getting back to the highs before the selloff, we looked at the s p 500, it turns out that 93 members of the s p are 5 away from claiming those 52 week highs or better that theyve seen 81 stocks have hit highs so far in 2018 alone. And a handful, 13 of them, has hit 52 or better just this week. Some of the stocks that are a doing better job of getting back towards those record high levels, check out vf corporation, a big apparel company. Its within. 5 of record high levels northrup grumennond cne group also within 1 nike, close. A bunch of big names are doing a decent job at getting back after the losses weve seen. The big question on the minds of investors is if the rebound is wahappening too fast. Who would hav
Been a good week for the markets. If youre long, the markets are rebounding dramatically from the lows that we saw made up almost 60, 70 of the losses that we saw in the s p. European markets have also had what you might expect, a good week also. This morning no exception. Green across the board tenyear yield note has been a focus. Today didnt care down 2. 86. Theres a look at wti back above back above 60 solidly this morning yeah. All right lets get to our roadmap this morning. It does start with the market comeback two weeks since the selling began, and as we just said, stocks have been seeing what was one of the best weeks in years plus, well, the negotiation kind of continues broadcoms response to the meeting with qualcomm or qualcomms response to its meeting with broadcom signaling a deal well, is there one to be done . Were going to give you all the analysis on why thats probably not the case and a busy morning for consumer earnings. Numbers from newell, coke, kraft, campbells so