Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
A bond rout in overdone . Been overdone . Another survey said 50 Job Vacancies have slumped. It talks about a seismic drop in brexit starting to bite. Bitcoin has a bad day. The cryptocurrencies slums on new south korea is planning a crackdown on bitcoin exchanges. We are half an hour way to the european open. Take a look at the futures. The wei trading up and futures mispriced, we will have a slightly positive open. You can see the cac less than. 1 of 1 , the ftse even less in the positive territory. Take a look at what is much more exciting and that is treasuries. The 10 year yield is what anybody is watching. The question is, are the biggest names in finance wrong . Bill not bill gross, jeff dunlop gundlach. Continuing to buy treasury. That would be hard for the market to bear but we have the yield coming back down, 2. 45. Lets get the bloomberg first word news. Says in report claiming officials reviewing the countrys Foreign Exchange holdings have recommended halting purchases of u
One of the worlds biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. And welcome to power lunch. Im melissa lee. We are around session highs now. The dow, nasdaq, s p 500, across the board, green, nasdaq seeing the biggest gain up 0. 7 of 1 . Transportens hitting new record highs. And hitting 70 first time in three years. Crude just under 65 a barrel. Movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. Software provider bought by a Technologies Company for about 5. 5 billion and xerox up by 4. 5 on reports its in talks to strike a major deal with japans fujifilm melissa, thank you. What else is happening at the house. Epa says fuel economy in new cars in the u. S. Expected to hit 25. 2 mimes per gallon in 2017 vehicles the Senate Banking Committee Votes next week, second time on the nomination of jerome powell. To be your next Federal Reserve chairman. More on the deadly mudslides
Artan. What a day we are having and what a week we have had. There is the stoxx 600 come up by 0. 1 . The best run since november 3. If we finish. 10 higher today, we finish higher for a second consecutive week. By 0. 7 , the highest level of the euro against the dollar since december of 2014. Chancellor merkel and the social democrats have reached an initial deal. We had the minutes from the ecbs meeting yesterday. They suggest they are ready to tweak their policy guidance. Hawkish comments this week from other ecb members. Throw in Economic Data and that is why the euro is moving higher. Highest level in five years. China today, saying it has imported a record amount last today, weoming up get calls from this man. We get his take on the latest news out of washington. Ellen zentner. Reporter export rose. 4. 5 . Growth slowed to trump is said to have decided to expand sanctions ran, leaving the 2015 Nuclear Accord intent. But the administration is preparing new sanctions over iran. The