Employee. And shares of under armour under a lot of pressure, a federal probe of the Accounting Practices. And wall streets record rally on the heels of both the s p and nasdaq the dow is on track for new highs at the open. Well start with that stunning news from mcdonalds, the company has fired Ceo Steve Easterbrook after he spent more than 4 1 2 years on the job. Mcdonalds says he violated Company Policy by having a consensual relationship with an employee the new ceo is Chris Kempczinski, president of mcdonalds usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. Already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. I think thats why i hate to say this, the stock was down badly on friday. I would like to know more about when and how long they have known this this is one where it is pretty
Up about. 75 . Strong profits, positive news on trade, an expanding economy with full employment. This is why stocks are headed up again this monday morning. This stock, though, is not. Mcdonalds. Its ceo, Steve Easterbrook, has been fired. He broke Company Rules by having a consensual relationship with another mcdonalds employee. No details on that, but hes out. The stock had doubled under easterbrooks tenure. Today it will be down about not as much as it was earlier but it will be down about 1. 5 . Quite a drop to 190. Heres another stock in sharp decline. Under armour. They just reported what i think was solid profits, but investors are worried about an ongoing accounting investigation. Big drop, down 14 . Big change at airnbn. No more party houses. They will develop a Rapid Response team to handle incidents like the one on halloween in california, where three people were shot dead. Airbnb wants to go public sometime next year. Stay there, please. We have a big monday morning show f
A gorgeous look. Sun rise at 7 25 in the morning. Quickly warming under the sunny skies. Look at that. By 4 00. M. Were well into the 80s if not low 90s away from the coast. First a check of traffic with jobina. Good morning. Good morning. We are going to first head over to the city and check this out. We are looking at an issue westbound 80 on fish street, the off ramp there. We do know it is a solo car crash but it is going to be impacting people as they try to make their way in this morning to San Francisco. And now moving over to livermore, this is an issue weve been following and you can see that speeds still at 10 miles an hour out of tracy. Westbound 580 past greenville road, fourcar crash. We are looking at a big rig, two of them. Emergency crews are there as well and we do know that injuries have been reported. Reggie and kumasi . Governor newsom is calling for an investigation. Drivers pay a dollar more than the rest of the country. Laura martinez is live in the east bay with
Maria joining joining the convn fox business Dagen Mcdowell. Wall street journal assistant page editor james freeman, great to see everybody today. Great to be here. Maria we have the jobs number in 3 and a half hours. Dagen tweet get away last night. Jobs friday. Dagen we root for the american economy. Maria this week the kickoff to the Fourth Quarter, tough one for the economy and for the markets certainly dow industrials this morning looking down about 88 points, s p down 10 and nasdaq down 28, major averages on track since the worst week in august, investors waiting on jobs report, the expectations call for 125,000 jobs to have been added to the economy in the month of september with tun employment rate Holding Steady at 3. 7 , we are looking at this week that was tough because of manufacturing, ism data, the Manufacturing Sector weakening, but lets not forget this market is pretty close to alltime high. I think its 23 where it closed on christmas eve, 2018, as far as the job repor
It really is a mixed picture here the dow is up 49 points, so well off the highs of the session the s p is down fractionally right now, but keep in mind, we are still in striking distance of a potential record close. So the next hour is going to be one to watch closely joining us for that hour is Michelle Mckinnon from Payne Capital management here at post 9. Welcome. Thank you what do you think of this market here . Were poised for gains for the week for all the major averages, but the russell 2000 and the transportation average are both up 5 , week to date. And so are the banks, like you mentioned. What im really looking at is the bond market. We started the tenyear treasury at 1. 55 for the week and now were up to 1. 88 and the longterm treasury are down 5 for the week thats basically two years worth of coupon that you lost. Wow do you think thats going to speak bond holders, that it could go worse than that or not . You know, i absolutely think rates look like theyre going higher h