We will get thoughts from gene munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. Will hear from the ceo. But first to our top story. Tuesday ons on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up
Full. This model has been open for five hours. The line started at about 4 00 a. M. As the morning progresses, it is is certainly getting busier. The line started to get people into the mall. Giving out these free gift cards that drew the traffic. It is an outlet. 60 off off the entire store. You have to boys. I am sure they like sneakers. Look at this line for the nike store. The entire store 30 off. Because it is an outlet, you can walk out of here with sneakers as low as 20 bucks. A lot of action has in here today. It is black friday. This is what i will say. People are showing up. They are showing up for the experience. A lot of young kids, college students, gently. A College Reunion earlier in the day. Now there are a lot of families. As it gets later on, you will see more the baby boomers. Different generations making their way through. Brickandmortar is not dead, but online is really booming at the same time. If you have an experience like this one has, it will get crowded. I am
Take a look at the markets the dow is up. Erasing losses earlier this week to tyler now lets get more on todays job induced rallies. Wernl a risk on tone to todays market as investors shift their focus from that weaker than expected manufacturing port earlier and focus on jobs report sentiment highlighting the resilience in the u. S. Economy plus optimism building around a trade deal being reached before the december 15th deadline after china said it would avoid tariffs on some imports of u. S. Soybeans the industrial giant is looking to sell a 1 billion of its Drug Delivery system. Thats a report from bloomberg the stock is at session highs. This rebound has extended into small caps which tend to move on upbeat Economic Data the stock at the top is ulta ulta higher on earnings. The company is getting much better at containing costs stock up 12 back to you. Thank you for that. 266,000 jobs added the lowest Unemployment Rate in 50 years steve joins us now say it again. How many jobs . 5
Bullish expectations before. To our stop story at hand. That is what nancy pelosi said or certainly seemed to insinuate in remarks made to reporters not more than 20 minutes ago. Blake burman on the implications of those remarks. What it means for getting anything else but impeachment done. Blake, what have you got . Reporter neil, when you take comments that nancy pelosi made specifically on the the on usmca on possibility Congress Passing that it seemed rather bullish. She said she would like to get it done this year. I ran that by a source in the administration, neil, emersed with all the talks involving usmca, trying to get it passed up on the hill. That source told me they feel that indeed things are happening. There are Smoke Signals right now but the administration is also looking toward a 4 00 meeting up on capitol hill among democratic leadership what is said after that meeting that takes place this afternoon. Nonetheless as it relates to pelosi and usmca she talked up the tra
Pressures for boeing, downgrades at Credit Suisse and ubs renewed congressional scrutiny, shares tumbling 10 on the past week. Opioids on trial in ohio for Drug Companies reaching a last minute settlement ahead of a landmark First Federal opioid case. And Mark Zuckerberg speaking out, why the facebook ceo tells nbc news it is more important to be understood than it is to be liked. Shares of boeing under pressure, having its worst day in more than 2 1 2 years, losing almost 7 friday. As we said, Credit Suisse and ubs cut the stock to neutral from buy today boeing under scrutiny following the revelations of the emails from 2016, which called into question the safety of the 737 max jets Flight Control system. The board met over the weekend, expressed regret over the message, continuing to investigate. Dennis muilenburg is scheduled to testify at house transportation next week reuters suggested this Board Meeting in texas may consider things like job cuts and some other kinds of trimmings