500 leading the way. Carl, we are seeing oil prices down after yesterdays big run there. In the mid92s right now. 92. 56. Maybe some relief because we saw those run pretty far, pretty fast. Got to 95 today. Vix below 18 after yesterday as well. As we get closer to the end of a down month for the major indices, our next guest doesnt see it Getting Better from here, forecasting more weakness ahead for stocks and a potential recession on the horizon. He does say there are opportunities out there in the market in places Like Health Care and industrials. Joining us on set today, sameer, Senior Market global strategist for wells fargo investment institute. Great to see you back. Thanks, carl. No chance you can close out the quarter on at least a stabilizing note, you think . There should be certain rebalancing flows that will probably come in tomorrow. Those could maybe put in a little local low. The thinking is we will have a recession by the end of the year. If you look at the gdp data, th
Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Today the dow dropped, and the nasdaq edged down. 04 what does it mean to fit the profile . The company has to be a direct beneficiary of new tax law and it needs to come from a cohert under loved by wall street in order to garner support from todays portfolio. What stocks meet that criteria the craziest ones, thats what let me give you a classic example of crazy consider the stock of newcorp, the steel maker. Newcorp has been tough to handle in 2017 rising 27 for the year, far behind the averages and spending well below that level because the company has performed at a less than optimal rate weve been advising members. It could be a rocky road basically you had to hold your nose and buy it because it will eventually come back in favor of the wall street fashion show last thursday before the open, newcorp gave you an update on its Fourth Quarter telling you it was going to earn between 50 and 55 cents a share now, mind you, newcorp had already forecasted the report slightly down number
See some sunshine just ahead in the first alert forecast. Nbc 10 news starts now. Good morning, welcome back to nbc 10 news today, im rosemary connors. Its just after 6 00 on this sunday. Matthew no longer a hurricane. But still a powerful storm. Lets get the very latest from meteorologist krystal klei. Krystal . Yeah, the storm is affecting us this morning. We expected that we would see rain through your saturday. Thats what we saw into the afternoon overnight, and that potential into the Morning Hours. So thats what were seeing. Its going to hang around through the Morning Hours a bit more because matthews path is changing just a tad. Meaning were grabbing a little more moisture as we move through your Morning Hours. 59 degrees, rain in philadelphia. 58 in the suburbs. Were also 58 degrees in the Lehigh Valley. And delaware where we see some of the heavier rain coming down this morning with some breezy conditions, as well. Currently. So theres a look at Doppler Radar. What were seein
Cnbc. Its good to have you here the. Busy market overnight. Global markets are crazy. We have one trading session left on the woke. A second down week in a row. Are we learning anything beside hes more doom and gloom . Not too much other than the Global Markets seem to be driving everything. Its all about yell. Which is why youre going to learn today that Worldwide Exchange is the most important show on this entire network. Happy to have you here. Investors are now lost, to my point, nearly 1el 8 trillion this year. The s p 500 down 10. 5 since the first trading day of 2016. Lets see how todays trading session is shaping up right now. After u. S. Equities did close lower yesterday, but way off the lows, perhaps it was a turn around in oil on some opec rumors. Either way, were looking at a rebound on this early friday morning. 111 is how much dow futures are up at this hour. S p futures up 15. Nasdaq futures up 41. Aside from the oil rumors that did happen in the arch, it happened just