Such a streak. U. S. Equities close at 1 00 eastern. Road map begins with the santa rally. Nasdaq with nine consecutive record closes, longest streak since 1998. Retailers bracing for that last minute rush on this final shopping day before christmas. But Delivery Companies also under pressure from the late push. And weworks cofounder may have big reasons to smile this Holiday Season a report says his 1. 6 billion exit package could get sweeter well fill you in. With markets in record territory, investors are in a better mood. The 2018 Christmas Eve period saw the dow tumble 653 points. S p down 27. Nasdaq 140 drop. Since then, those stocks have surged the nasdaq leading the major indices with a 44 gain since then we forget, december 26 we came in the day after christmas, and the dow and the s p rallied 5 it was wild a year ago. I remember vividly sitting on Christmas Eve, watching this show and i probably shouldnt have been doing that on Christmas Eve. I was, and it was plungingsinki t
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
Pullback, correction, selloff, we do have the vix on the rise selloff, we do have the vix on the rise. What we are looking at, the s p 500, and then the vix, the fear index, and then the skew index, the far out of the money puts, and we have the skew index rising in the middle of the year, and we see the vix languishing, but the skew was rising right ahead of the volatility, those traders getting it right. Skewe bottom in white, the index, and all of this suggests we will see a reconvergence with both the skew and the vix, still relatively low but something to watch. It could be another interesting quarter. Taylor . Taylor i am taking a look at shares of microsoft. Interestingly, they were higher, and then we had a headline, and shares turned lower, the headline that some had said the threat of huawei was real and urgent. They had complained to government officials that they were not transparent enough about why government officials should not do business with huawei, and that is what
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
And keeping a close eye on the markets. , here in europe, they are ending ona markets. , here in europe, they are ending on a downward trend. And well be looking back at the Economic News of the week as the us cuts Interest Rates and oil prices prices continue their rollercoaster ride after the attacks on saudi oilfacilities. And as comedians head to a british girls school to give classes in confidence to pupils to help them with Difficult Conversations like those over pay in later life. Today we want to know what are your top tips for boosting your confidence at work . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Lots to pack in for you this morning we start with thomas cook its the Worlds Largest and oldest travel company but its future is looking increasingly uncertain. A planned rescue of the struggling firm by chinese conglomerate fosun is now under threat after its banks demanded it find £200 million in extra contingency funding. Without the de