Im wilfred frost alongside seema moody. Yesterday we did see a decent futures board this time yesterday and decent open but we lost impetus during the course of the day essentially you can call it a bit of a step back pausing for breath from this posttrump election rally and today were seeing a little bit of positivity but muted given the gains we saw last week, the dow higher by 32 points, s p by five and nasdaq by 11 points. Not huge gains yesterday we saw continuation of some of the sector performance, financials once again the best performer theyve had their sixth positive session in a row. Can that continue again today . Tech suffering significantly, down over 2 . Worst sector yesterday. Big names like apple and amazon have been suffering since trumps election victory. Take a look at european stocks. They did finish well off their lows yesterday. Here in europe. As we can say u. S. Treasuries now in focus with the ten year still above 2. 1 . In europe mixed session right now with
Selloff in oil prices. All the major averages are the work of the dow is only off by. 2 . The nasdaq and s p are almost and i get this point. You have seen the bounce weve seen off the bottom. Oil prices indeed are lower today. They made an attempt at going higher fight. 5 . Since then they have turned over by 3 . Analysts are forecasting another build in inventories. Gold futures are higher very, very slightly. There is bit more of a risk off sentiment in todays session. We are seeing buying in treasuries today. That is sending the yields lower. David julie, we are going to talk about this in a moment with Oliver Renick waiting in the wings. Julie it is a little bit unusual, because on days that ive been down days recently, big cap tech has been leading the way down but that is not happening today. The socalled fang stocks are strengthening in todays session. Not a lot of catalysts here. Just seems to be a bit of a 100, within the nasdaq percentagewise the best performers dont seem to
Shake shack some of the big names getting set to post their results. And then we will hear from disney ceo bob iger moments after those results are released. I wonder if he has seen the star wars movie yet. Plus chinas stock market rallying 16 over the past month. Jpmorgan chase executive of the Asian Pacific will tell you whether its over for the stock market. Dominic chu takes a closer look at the changing of the guard, if you will. Dom. A huge changing of the guard, a new world meets old world General Electric one of the most Iconic Companies in American Business history now, yes, worth less than facebook a company thats only be public for a years now. As you take a look at the market values you made mention of the fact that facebook is worth 306, perhaps 307 billion thats rare a if i had air. Lets take a look at the concept and put it in context of some of the bigger names in todays stock market the s p 500. If you take a look at current market values apple still at the top of the
Expensive year of executive actions. But we begin with the tsa looking to expand mobile device checks on u. S. Domestic flights. What are we talking about here . What we are talking about here started on sunday when the department of Homeland Security issued a new directive announcing new rules requiring u. S. Bound passengers from europe, africa and the middle east to go through security and turn on their phones in front of Security Officers proving, presumably, that they are in fact real and not disguised explosives. Now bloomberg is reporting that rule is being expanded to apply to u. S. Domestic passengers flying within the United States according to people familiar with the matter. The rule is not officially at and i spoke to a couple of tsa officers here who had not heard of it. What we are being told by bloomberg sources is this would be limited to certain passengers and would be used more sparingly than overseas. What prompted this . Have we had issues with people using fake mo
Stories. Im looking forward to seeing that interview. We have new news on apple. A judge ruling that samsung infringing on four apple pat te ents. And best buy is shaking up its management ranks. Saying head of its u. S. Business will be leaving in february and its chief Administrative Officer at the end of the month. Best buy warning its Third Quarter results will fall women well short of forecasts. Shares coming under pressure in after hours trading. And former Goldman Sachs director gupta has been sentenced for two years for insider trading. Gupta has been hit with a 5 million fine. Of course he plans to appeal. Rajaratnam begins his appeal today. Where is scott cohn when you need him. Thats one heck of a story that a lot of people on wall street were looking at. Mr. Kernen. Whats weird is a guy that can be so sort of respected and distinguished and its just weird that you can actually be surrounded by other prisoners for two years. And as weve seen it so many times happen again and