Take me away. A secret place. A sweet escape. Take me away. Take me away. To better days. Take me away. A hiding place. Lauren welcome to fbn a. M. Happy monday. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets take a look at how your money is moving. U. S. Stocks indicating a strong open, all three major averages up three months in a row on the first trading day of december. Dow gaining 102 points. Cheryl Strong Manufacturing data out of china helping to lift asian markets. China is going to sanction human rights and worship groups. More on that in a bit. There are green arrows in sa as. Lauren in europe, we have green arrows for the french and german markets. Cheryl the top story this morning, a bullish sign for online retailers and the economy this holiday season. Another possible nail in the coffin for brick and Mortar Stores. Consumers jumped online over the weekend and shopped, an estimated 29 billion in sales going into cyber monday. A record amount spent
One way or another im gonna find you. Im gonna get ya, get ya, get ya. One way or another meeting cheryl welcome to fbn a. M. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl well, lets the tak tak t how your money is moving today. 24 hours after comments about the china trade deal, look whats happening, were getting a boost to u. S. Futures right now. Bloomberg news is reporting that china is moving closer to agreeing with the u u. S. On a phase one deal an the issue of the tariffs being moved back. Nasdaq is up 51 right now. Lauren trade moves the market every time. That report came after the markets in asia closed sharply lower, the Hong Kong Market down 1 and a quarter percent. Cheryl there is a reason im talking about france, were looking at the cac 40. From chanel to champagne, theyre watching what will happen with the threat of tariffs. Cac 40 is higher, a little optimism, ftse slightly lower. Lauren we are waiting for President Trump to walk onto the stage at
Dot a big show joining the conversation pain Capitol Management is with us and Mitch Rochelle in editorial page ed tore James Freeman great to see everybody this morning. Thank you so much for joining souse so we have a market following bouncing ball of china President Trump, of course, addressed the Economic Club yesterday a event that i attended futures are down this morning but president was talking about china trade negotiations talking about Strong Economy heres a bit of that. Unploim is recently achieved lowest rate in 51 year. Africanamerican unemployment hispanic and Asian American unemployment have all reached lowest rates in history. Nearly 7 Million People have been lifted off very importantly food stamps, 7 Million People off food stamps. Since my election the s p 500 is up over 45 president obama the dow jones is up over 50 . And the nasdaq is up 60 . Their supply chains are cracking very badly. And they are dying to make the deal. Were ones that are deciding whether or no
Germany down 1 . German Business Sentiment hits an eightyear low. And then watch our own 30 year falls below 210 overnight and everyone is going to be watching todays close. Lets get straight to the market, futures lower ahead of this mornings open, following a sharp selloff in the second consecutive monday Global Economic worries, falling yields continue to weigh on investor sentiment, driving toward safe haven. Gold now, the highest price in more than six years. The president tweeting a few moments ago through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars the u. S. Is receiving is a gift from china prices not up, no inflation, farmers getting more than china would be spending, fake news wont report what we will report that that core cpi 22 is the 17th month of plus 2 . There is a level of inflation in our country, but there is also, i think that when you see it, some of it is tariff but if youre a central banke
On wall street, and squawk alley is live good friday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt, Morgan Brennan is at post 9 for the hour, sara eisen is off. S p 500 tech sector is the best performer this year by a long shot, up almost 40 . The question is, will this continue into the new year mark mahaney joins us to start off the hour, just published his 2018 internet sector outlook mark, always good to get your take happy friday good morning, carl. Whats the headline on this one . Going into 18 we have three constant and one change. At least for the internet aspect, theyve been extraordinarily consistent and we think those Revenue Growth trends can continue into next year second, the multiples are the same they havent changed over the last three years, which should mean the outperformance weve seen in the stocks to date, its all bottom line driven or Revenue Growth driven. Theres less downside risk, despite the outperformance going into 18 and the third th