Kayla tausche. Goldman sachs internet analyst. Great to have you back. Thanks. Along with our own mike santoli as we watch the dow tick above 19,000 for the first time. Yesterday, of course, all four major indexes hit closing and intraday highs. What does this all mean . The path of least resistance is higher . This is how the market trades literally when the paft path of least resistance is higher. Its drifting higher. I think that happens around round numbers. I look at dow 19,000, all the caveats about how its only 30 stocks, 1,000 points on the dow is literally not what it used to be. The most impressive thing was it was at 15,5 in february. We ft. First hit 18,000 at the end of december 2014. So over two years, youre up about 5. 5 , point to point. Why is that . Corporate earnings flattened out for two years, going on three years. Now youre getting more of an energetic push on this reflation period. Fund futures hit 100. 2 for december. Now the market is coming to grips with the f
Season changes in the forecast. James we could have some showers along the bay in the is like the timing for the rain will put it right overhead during the morning commute this morning it will be just fine similar conditions will we had yesterday and we have those clouds like we did yesterday morning the to see all the energy continue to come in from the west expects the wind to be picking up once again today that is the way the days when to break down to a said the timing put star glamour of overhead by maybe as early as 2 00 in the morning room. James for the majority of the bay area south of the Golden Gate Bridge showers will fall in between five and 8 00 tomorrow morning. Robin winston it is looking good right now is the delay for a hot spot for the alleged problems living off 24 the e sure free when looks good leading up to the west about a connecting a high wind advisory for the san mateo bridge watchers the if youre getting ready to hand over motorcyclist highprofile vehicle at
Ericsson shares have a deal with apple. Analysts say it could be worth billions of swedish crohns. And fifa, footballs governing body hands a card to seth blatter. Good morning, everyone. It is the second to the last trading week of the year. Lets see how were fairg on this monday morning. Almost christmas. Yeah. Lets see if the markets are feeling christmassy. The stock 600 is up by 0. 800. Were close to session highs. It belies one very weak spot and that is spain. Were off by roughly 2. 5 . Why . Ibex down by 1. 71 . They did win in the general election yesterday but they couldnt hold onto the majority so what were seeing now is potentially a lot of stability. Well get out to julia. The cac 40 is up by 0. 9 . Take a look at the xetra dax, too. Up 5. 19. Now speaking of whats taking place in spain and as seen here, we are off quite a bit as you were just saying. Jewett yeah chat terrell ljulia joining us. Bring us up to speed with what we need to know from yesterdays election outcome
Tmi. We have breaking economic news. Ism, nonmanufacturing index, has just come in below economist estimates. Michael mckee has the headlines. We are looking for 54. 7. A run ofe had such good economic business. It is disappointing when you look at the numbers underneath the headline. We saw the new orders index fall below 50, which is roughly fit dividing line for expansion or roughly the dividing line for expansion or contraction. The Business Activity index did not move at all. Concern but ite is something to watch. The thing everybody wants to talk about is that jobs report on friday, the unemployment and dekes rises. There may be some good news in this report. We will have to wait five days to find out. Tmobile and Verizon Wireless are swapping airwaves in a deal announced earlier this morning. It may tmobile him more attractive takeover target. Cristina alesci joins us now. It is a wonderful day for bankers. Payinge is essentially 2. 4 billion for low band spectrum. It is a kind
Christine processed christine trust will have a microphone and will be able to ask questions of the panel. Thank you very much. Im deirdre english. I cannot claim to the same level of neutrality and objectivity that professor schrieber brought to this work. I have debated in the past, and not entirely successfully. She was very good. And i have written critically about conservative women in the past. But i have also gone as a journalist with great interest to alaska, to sarah palins hometown, with something in the spirit that you brought to your work, to try to understand her religion, her neighbors, and her background. And i really appreciate your scholarship, and i appreciate the effort made to try to understand, to see to understand and then to be understood. I think it is a good principle. I appreciate the respect you brought for your subjects and your own openmindedness and youre pointing out their importance for social science as well as politics. I think you have established, if