Equity markets and check out the futures this morning. At this point there are very sharp upward moves. Dow futures are indicated up. S p futures indicated up by 22 and the nasdaq up by 56. Of course september hasnt been so good but with one trading session left, the dow, s p is and nasdaq are all sharply lower on the month. Nasdaq is down by 5. 4 . If you check things out for the quarter to date returns all three major indexes are poised to hit their worst record. You take a look at declines of 9 across the board. Heres the stories you need to be watching this morning. We start with the job market. Forecasters say the economy likely added 200,000 private sector jobs last month. Adp viewed as a key indicator ahead of this fridays big monthly payrolls number. In washington the senate and the house expected to pass a stop gap funding bill that will avert a shutdown for now. In the meantime, Senate Majority leader Mitch Mcconnell says Congressional Republican leaders will begin a talk on
Part of this, at least with wti is because that january contract rolled. Youre looking at a february contract. We were already in a february contract for brent but every time you see that roll youll see prices come up slightly. The question is whether they can hold on to that. It would be under 35 i think if you just added 28 to where we close. Did that start yesterday . I didnt notice it late yesterday. Yesterday morning it was not. It was weaker yesterday morning. Was it rolled already . No, yesterday morning we were still january. Lets tell you about whats else is going on. We have a flood of Economic Data coming up. We have a final read on 3rd quarter gdp and at 10 00 existing home sales and the richmond fed survey. Dow component nike is posting quarterly results. Shares of that company up more than 35 this year already. A big day for last minute shopping and shipping. Its going to have 36 million packages today. Meantime amazon prime says its consumers have until midnight eastern
The National Retail federation reporting on average, shoppers spent 6 less this thanks giving weekend thn they did a year earlier. Friday, it looked like it was going to be better. 11 lower in total. Online sales were all sort of on to them at this point. Today dubbed cyber monday, the traditionally Biggest Online shopping day. The consumer will spend 2. 5 billion online in one day. Well check in with Courtney Reagan in 20 minutes along with our industry analyst. And we have congress returning from the holiday recess today. Legislators have less than two weeks to figure out how to keep the government running. Funding set to expire on december 11th. Fight over spending bills comes as the party is also debating immigration. So lots going on over this holiday. Really wasnt a holiday weekend. People did work on friday. We missed you, joe. Good. Yes, thank you. Nice to be missed. Were going to talk oil in just a second. Another Washington News today, the Supreme Court is going to hear argum
Other big s p winners, general growth, regeneron pharma, wyn ddz ham and under armour. Cvs up about 900 . Priceline, chipotle and netflix. Well talk about where that goes from here. First, before we do that, lets get some other corporate headlines. This one, i dont know what you think of this one, joe, snapchat now valued at near 10 billion. A lot company, 10 billion. The number based on a recent investment in the messaging start up. The wall street journal reporting that vc cliner perkins committed up to 20 million. Among the other startups now boasting valuations of 10 billion or more. B b and uber. And payment provider square theyre also getting a valuation boost. On their way to 6 billion. That Company Reportedly in the process of raising about 200 million in cash. Square, of course, run by twitter cofounder jack dorsey. Square was valued at 5 billion earlier this year and you might recall that starbucks has an investment in that company. And then we got a little bit of media tech