Start. How do you start six months, andrew, in terms of the markets and the economy and what weve heard from the fed. Its like a tolstoy novel. You could do a month and it would take a half hour to go over everything we have seen you throw in a. I. And his investments around the world and you remind yourself 30 years 30 plus every year. That is almost its an amazing thing probably will never been done again. I dont know how it was done once unless you made some deal with someone who knows these things to do that well is spooky. Its scary i guess it comes from being smart. Were okay. Hes one of the smartest when it comes to these issues that will be 25 minutes of stan hes going to be in your chair you got to give your chair to someone. I would warm it up for stan. Perfect lets check the markets which well be talking about at length today u. S. Futures indicated up about 78 points. Mixed on nasdaq which is off a little so much of it has to do with a lot of what we are talking about which
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla with sara eisen and john fort. Some record highs today. The nasdaq hit one today in the session, the dow has not done so the koptd mike santoli is at post nine to talk about the markets, and the run weve had and the seasonality were heading into last week he brought up the topic on whether the bears missed their good chance seems like that might be the case seasonality works for the whole market,me segments of the marke and momentum we talked about these rotations that happened over the course of the year from small caps to large, sometimes cyclicals worked tech has been consistent if you look at where within tech, maybe you would be encouraged by the fact that semiconductors within technology outperform the overall tech sector its the industrials of tech you only buy chips if you need them, if theres demand for them on the other hand you might be getting to a is this as good as it gets moemts for tment for th. We had
The rally created a little bit of a left in european stocks. The dollar falling, weakening after janet yellen warned of rate increases. Of course, i am looking at the pound on the back of the budget and oil heading for its highest close in two years on extending output puts. We hvave a great show for you today on budget day. That conversation at 10 30 a. M. London time with normon l amot. Of a dodging the risk snap election. While merkel has publicly stated she is open to another vote, the president is to renew the partnership. Zimbabwe is waking up to the post mugabe era. There were to be let there scenes lastnt night. What will take over as the leader. A u. S. Navy aircraft carrying 11 crew and passengers has crashed into the sea. The seventh fleet was on route to the uss Ronald Reagan. They are conducting search and rescue operations. Because of the crash is currently not known. The outgoing chair of the Federal Reserve has cautioned that raising Interest Rates too quickly with infl
And sen ticentrica shares s disappointing second half after losing 823,000 customers in four months good morning welcome back to the show i have some pretty good news when it comes to the eurozone for pmis, for november all three headline pmis above the forecast for the reuters polls, and the forward looking indicators pointing to a busy december, according to ihs market. The pmis pointing to Third Quarter gdp growth of 0. 8 those are strong numbers, just to give you one of the lines here the november composite pmi flash at 57. 5, well above expectations i should tell you that the euro dollar has risen over the last 45 minutes. Its currently up by 0. 2 . In part because the french numbers blew it out of the water. Looking at components like jobs growth, the fastest since 2001 the german numbers also easily beating expectations thats helping the euro dollar currency want to show you the equity space. One hour into the trading session, the stoxx 600 is down ever so slightly to the tune o
Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou