Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
The United States makes major policy decisions based on the day to day action in the stock market is it wrong when he puts his thumb on the scales of favor of the bulls . When i say that trump is the most stock market sensitive president in modern history, im talking about days like today where the dow jumped 372 points, s p surged 1. 48 and the nasdaq went 1. 95 all because the president delayed some key tariffs that were supposed to go into effect on september 1st instead, certain important items like laptops, like cell phones are now exempt until december 15th so at the very least, Many Companies have more time to adjust and maybe they never get hit at all if the chinese agree to make real concessions why did he do it i think President Trump soaw the market melting down yesterday. Right on the heels of a major pull back on friday. And he took action to turn things around. After all, he does want to get reelected next year. Its easy to do when stocks are in great shape if you own sto
The holiday. Lets get this show on the road, power lunch starts right now welcome to power lunch. Im will stocks lower this hour, nasdaq and russell 2,000 did manage to hit record highs before pulling back Oil Pushing Higher in more than two years and check out individual movers as well. Amazon hitting alltime highs today. Under armour reing but the stock on pace for its worse year ever. More than that ahead serna, expected to announce a deal with the company and gamestop rallying posting strong results. Michele . We begin with this hour with ubers hack attack millions all over the world have been affected whats causing outrage however, uber paid money to cover it up joining us now with the latest, deadria . Hey, michele, the names, emails, drivers license numbers of 57 million riders and drivers were exposed uber paid as you said 100,000 in hush money to the hackers and hid the breach for the public and regulators for a year. Drivers are only now finding out if they were affected. I s
On this black friday, were still here at post nine. Im Carl Quintanilla with melissa lee. Dow up 15 points a holidayshortened session today. Markets are going to close in an hours time and eventually we will get to kelly evans and bill evans for closing bell. All eyes on retailers as it is black friday. We saw strength in macys in particular and some curious weakness in shares of target which have been the real standout laggard, at least in the retail space. A lot going on, whether its retail, black friday or oil, by the way, which got close to 59 earlier and right now 58. 83. Busy week next week packed with powells confirmation, yellen testimony and then that opec meeting and even more reports today about a potential framework between at least russia and opec. Right, and you were mentioning some of the alltime highs in todays session, even though its quiet. The alltime highs are in fact notable. Amazon really being helped, of course, by black fridays strength here. Facebook is also an
Cool our road map begins with walmarts minimum wage hike. Raising starting wages to 11, handing out some onetime cash bonuses. Plus, bitcoin tumbles one of the worlds biggest cryptocurrency markets is considering a trading ban. And deltas tax boost the airline raising Earnings Guidance by 20 . First up, though, walmarts making moves in the wake of tax reform the Company Announcing it will increase its starting wage for hourly workers in the u. S. To 11 an hour beginning next month and pay a onetime cash bonus to eligible employees those with at least 20 years of service will qualify for a 1,000 bonus walmart also says it will expand maternity and paternal leave benefits not breaking down the numbers, but theres a good chance more than half of their million employees are going to benefit somehow in these bonuses this is unprecedented and i think its a lot to do with why the market keeps rallying i mean, largest private employer in the world thats doing this i mean, david, i know that yo