Lets look at what else you talked about, retail. It is black friday. The Holiday Shopping season for 2017 is officially off. Reports are suggesting it is very strong. Macys, kohls, gap seeing gains for all retailers. Reports relative to yesterday, strong as of 5 00 p. M. Yesterday. Spending on a yearoveryear basis of 17 . 1. 52 billionght, has been spent ahead of black friday even starting. A very solid start for the Holiday Shopping season. Some are saying the best in three years. Now taking into the weekly moves, lets look at a chart in the bloomberg. 5917. Are we are looking at the weekly moves to the major averages, and an orange the russell 2000. We had a long stretch of weekly gains for the dow and the s p 500, eight in a row. Russell 2000, smallcap index and awards have been down a little bit. Thinly actually have the major averages down on a weekly basis for two weeks in a row. The dow and s p 500, the first time that happened since august. We have a tech heavy nasdaq up. Highe
Gains. Markets and euros doing nothing, even with some german confidence numbers. In the bond market, treasury yields up by three basis points. A steeper yield curve in todays session, as wall street gets back to work. Lets get you some headlines outside the Business World. Hears taylor riggs. And russia have agreed on a former to extend Oil Production cuts, according to people involved. The agreement is set to extend cuts to the end of next year. Balkinglin has been anthonys foreign extension. The current deal doesnt expire until the end of march. The Holiday Shopping season is officially underway, some stores in the u. S. Got a jump on black friday sales. Brickandmortar chains are having positive optimism about their prospects. Theres a signal the former Trump National security adviser Michael Flynn may be in discussions some time with special counsel robert mueller. Lynns lawyers have quit sharing information with President Trumps legal team. The president fired flynn for allegedly
A 30 discount. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Here markets in hong kong have gone into the lunch break. Have a look at the broader picture across the asiapacific. This gives you a simple look at how asia is doing. More red than green. India has just opened up. Southeast asia feeling more of the pan. Malaysia and singapore leading declines. There is not a lot of conviction to the upside here. Yousef some other assets showing downside pressure. Brent crude extended declines. U. S. Crude inventories probably shrank for a second week according to a bloomberg survey. Gold, flirting heavily with 1300 an ounce. U. S. Tenure paper, choppy trade, the curve steepening and dollarlira there. U. S. Equity futures showing a decline. We have been in the sideways grind for some time. Lets check in on the first word headlines. Japan has raised its alert level after getting indications north korea may be planning a new missile tests. Kyoto news has said ra
Republicans as he rallies support for the Senate Tax Bill ahead of a floor vote later this week. Its going to be a tremendous tax cut, the biggest in the history of our country. You have to pay a lot less tax. People have great receptivity. Weve have great spirit. I think that number will be substantially higher, but at these 4 trillion, which will immediately be put to work in this country. I think the tax bill is doing very well and i think republicans will be very proud. Maria the latest as the white house pulls all the stops to get this done by the end of the year. Marcus look like this. Dow industrial to a been a better than 30 points. Fractional move as the s p and nasdaq also in positive territory. In europe, look at the indices up again across the board. Ft 100 up one half of 1 as is the cac in paris at the third of a percent in germany. Meanwhile, in asia overnight, markets were mixed at the close reaching hack about that as is the cost in korea. Japan and hang seng flat on th
A powell boost and metcoin above 11k. And snap snubs social media a blistering ped about facebook and spread of fake news. And amazons growing influence, we have an exclusive interview with andy jassy. Stocks are on track for more record high. Boosted by advancement of the tax reform bill to the senate floor. Financials obviously rallied following comments by fed chair nominee Jerome Powell at his confirmation hearing he did say bank rules are tough enough he also got bitcoin surpassing 11k, after breaking 10k about 24 hours ago, jim. Yeah, i know ill get heat on this but even if you believe in bitcoin, the velocity of the move is a sign that its parabolic and parabolic moves dont last and i know that when i look at that i say to myself, okay, if i owned it, what would i really be doing . The answer is when you have that big a gain you have to take profits. That velocity is crazy that velocity is not right. Whos buying this thing some arguments say its people in venezuela that want to