Julie thank you. It has been steady. It is not just j. P. Morgan, but china as well. Saw the biggest yearoveryear gain in exports year over year in china. A little bit of reviving economic demand potentially there. Some mixed Economic Data in the u. S. Neither of those really derailing stocks from their upward climb that we have seen in todays session. It is financials leading the way. Take a look. Groups, groupsal that are economically sensitive, to what is going on here in the u. S. Or in china. Industrials, and technology also on the rise, the defensive or economically resistant groups at the bottom here, telecom, consumer, and on the wave today. Really has been largely about jpmorgan, up that are than 4 . It saw a lot of declines in its earnings. Mentioned,as carol partly because a lot of folks are cutting earnings estimates. Other Companies Set to beer to report this week, also rising for what may come from those reports. I want to point out that along with automakers, really lagg
Issue or the big opportunity we have seen is it turns out that janet yellen is as good at job boning the markets as greenspan ever was, without being quite as opaque. And to me, that, you know theres great comfort. Because we took away some of the speculative behavior in my world, particularly related to the unicorns and the Venture Capital side of the business. And as i look forward into the year, i still think theres a tremendous amount of uncertainty. So i expect a lot of chop. But theres no question that by deflating some of those crazy asset valuations that we saw in the private market, the tech sector, at least, looks better than it did when i left. Roger, you credit janet yellen with taking some of the air out of that system . Oh, definitely. I mean, the way i look at this, there are any number of reasons why people could have looked at what was going on in the tech world, particularly on the private side and said, hey, wait a minute, this is crazy. And i think when yellen said,
Impending homes later this hour. Black friday numbers are in. Cybermonday deals are in full swing. The u. N. Climate change conference kicks off today in paris. Well take you there live for the latest. Amazon with a sneak peek of new delivery drones and taking a shot at regulators saying theyre ready to deploy when they have the regulatory support they need. First up, indications are that the Holiday Shopping season is off to a tepid start. Americans spent about 12. 1 billion over thanksgiving and black friday. Thats a decline from last year. The National Retail federation says more people shopped online than in stores, choosing not to wait for todays deals. A lot of these numbers are surveys. A lot of people throwing some shade at the quality of the number. Dont take it to the bank. You cant. I think at one point it was easier when we said, look, we can pick 20 malls and decide how things went. Look, i think it was an Amazon Holiday season. I think it will be today. I dont know if you
Than the Federal Reserve. Up after hitting sixyear lows yesterday. The tenyear yield, yeah thats what you get, lend your money to the u. S. Government, 1. 75 lets be generous. Road map this morning starts with alibaba and its shares which are slipping after a miss on revenue. Executive vice chairman joe tasi with us in a first on cnbc interview. Stocks high in the premarket. What you need to know about the changing of the guard in the ceo sweep. From a social network to mobile network. How mobile apps are changing facebooks core business in a dramatic and positive way. Oracles ceo, hes going to join us exclusive interview, thats later this hour. All right, back to the news of the day. Alibaba reports revenues that increased 40 , but were below the expectations of analysts who follow the company. Shares appear poised to decline this morning. You can see right there talking about 90 level. Hasnt seen that in a bit of a time joining us first on cnbc is the executive vice chairman of aliba
And a greece exit of the euro weighing on futures this morning. Mcdonalds struggles continue. Asia continues to drag on results. And twitter now lower in the premarket. Were going to get jims take on those earnings from last week in just a few moments. But first up futures falling as we enter a new trading week. Greeces new Prime Minister vowing to roll back austerity measures and ruling out any extension of an international bailout. Eu officials pushing greece to stick with those terms. Also chinese trade data showing exports fell 3. 3 last month while imports tumbled by almost 20 . Meantime, the dow is coming off its best week since january of 13, a 3. 8 gain. For the year, jim, dow is up one point. Right. One point. Youve got to give us something good overseas. There isnt a single area other than maybe india, where youre getting any good news at all. China the import export numbers were not good. Whats going on there in china . I mean knock knock, whos there, no one. Theyre importin