i belong with you. you belong with me. in my sweet hey, ho, hey, ho. i don t think you re right for him. lauren: good morning, welcome to fbn: a.m.. i m lauren simonetti. cheryl: good morning. i m cheryl casone. lauren: let s take a look at how your money is moving this monday. we ve seen a small he setback on wall street, the dow is down 41 points, nasdaq down about 6, this after friday s selloff but taking that into consideration, the major averages ended last week with gains of at least 3% each. cheryl: gas prices down the last 19 days. we re watching oil. this contract is off about 20% from its january peak, traders waiting to hear how the coronavirus is affecting demand, especially in china. lauren: stocks in asia, mixed performance, the shanghai actually higher, dwayneing half gaining half of 1%. cheryl: breaking news in the u.k., four more patients have now tested positive for the coronavirus. the u.k. now has eight confirmed cases. the concerns about t
The year, will we hit 24,000 on the dow by christmas . The dow up 41 points at this hour. By the way, more bad p. R. For uber, the new ceo knew about that massive data hack for months before disclosing it. So plenty to go at. If youre at home enjoying that postturkey glow, settle in and buckle up for the next three hours. Varney company is about to begin. Ashley its hard to believe, but black friday may no longer be the hottest shopping day of the year. A new study shows only 35 of consumers plan to do their Holiday Shopping today. Amazingly, thats down 24 from just 2015. Interesting. Lets go to jeff flock. Hes live on chicagos Michigan Avenue. Jeff, i know its a little early, and i was going to say a lot of people out there . I dont see anyone behind you. [laughter] reporter you know, i always look to challenge these surveys because i sometimes think they dont make sense. Well, ive got to tell you, if you look at the magnificent mile right now, ashley, there are not throngs out here,
Benefits of tax cuts of bonuses, higher wages, more hiring in more investment. Its the great corporate pass through. More announcements are likely. Tax cuts showing positive economic results. Democrats are still making some very dubious claims. For example, nancy pelosi says raises taxes on 86 million middleclass families. That is factually wrong. It is dishonest political spin. The left plans a yearlong allout attack like about when you just saw. Investors clearly approve however the tax cuts and what theyll do for economy for wages jobs and investments. Stocks going up this morning. We dont know how the market closes this afternoon, the president and his top economic adviser both talking up the market today. It will open high gear. Later this morning, Congress Holds a tax plan signing ceremony and you will see it. Varney company is about to begin. We will start with this. A white suv plowed into a crowd of pedestrians in melbourne, australia. We want to know who did it and are the au
Government bond is attractive compared to risk in stocks right now. 283 on the tenure. Three, another problem is the internal workings of the market exotic product, robot trading up a pushing stocks to rapgd sell ising . As of now the dow is down 6. 5 so poor this week. With will open higher. Do not know how we will close or where well close. But back drop this morning is another chaotic night in congress. But we now do have a budget for the next two years. Thats not necessarily great news for investors. But bottom line on this republican budget Government Spending goes way up and so does the deficit. Again, were hearing the words, debt bomb. Varney company is about to begin. It changes so rapgdly that were going to show you futures all over again. All right we were up 100 now were up 60 youve got to watch this. Literally moment to moment. Wall street is on course for its worst week in six years. It has been a really qield ride for stocks just this week. These are the swings in the dow
And we also have ibm reporting earnings after the bell tonight. Could that add to the gains or derail this run . Thats the big question. Well get to that coming up. A lot of earnings this northern already contributing yes. To this move. Very much so. Heres netflix. Yesterday we told you about the earnings in the session today, it cannot hold those gains can netflix become the next hollywood . The streaming giant says it will make, get this, over 80 original movies next year which is in one year. More than the other studios combined is this the best use for the content spending thats coming up as the stock looks to close lower on the day. I have a lot to say on that were going to save it. Lets start with breaking news fourth round of what were calling the nafta negotiations but really the nafta renegotiations those are wrapping up. Representatives from all three countries, the u. S. , canada and mexico, are about to discuss any progress they have made. Our Kayla Tausche has already been