Moves and mixed trading for the major averages. We do have alltime highs for the three major averages. This follows similar action anticipation of the shortterm funding plan being passed by congress to keep the government open until february 8. Some asking what could possibly stop this bull market but lets ask what is the tailwind . Lets hop into the bloomberg to see one potential answer. This is a look at the earnings picture for the all world equity index. For several years, it was flatlining. That led into the correction that we saw in early 2016, thats turning to climb in 2017 and take a look at the spike early in 2018. Lots of analysts boosting the profit Outlook Companies based on that tax reform, especially here in the u. S. This could be a tailwind for the record highs that we have seen for the markets, more recently as valuation becomes more reasonable. Lets take a look at two winners laggers. Acquers netflix up nearly 10 . They also boosted the guidance nicely. The company no
Rising for a fourth day, highest level since 2015. The upswings we are seeing, the synchronous upswing is continuing in global equities. German Investor Confidence today setting optimistic tone for europes biggest economy. To 20. 4. G germanys economy enjoying a strong run supported by domestic spending and solid global trading. The strongest expansion since 2011. That is the data highlighting germany today. Look at the difference between spain and germany going back to 2008, the financial crisis. Points, the lowest in eight years. It has narrowed for 13 of the last 14 days to 79 basis points. On friday, we had the big news from fitch, citing strong relatively broadbased economic recovery in spain. A great piece yesterday saying spain trading at a small premium to germany, reflecting prospects for strong growth and core status within the euro area. Those times are returning. Lets compare sterling to rbs. Currency traders might want to Pay Attention to the health of the u. K. Banking in
Today . Speech therapy, trying to deal with the mutiny that was coming as a result of Bernie Sanders supporters who did not want to give in. After a storm calls for unity is the headline in the philadelphia inquirer. As the night went on it looked like the bernie supporters had finally calmed down. You heard john harwood report earlier about how Sarah Silverman told them they were being, quote, ridiculous. And that seems to have helped. Lets see what happens tonight with the big headliner. Former president bill clinton, historically hes always a crowd pleaser. But, guys, he has run into trouble with the black lives matter protests as hes been on the campaign trail a couple of times. But you can assume this is probably going to be a pretty friendly crowd tonight. Lets get over to brian and tyler back at cnbc headquarters. All right, michelle, thank you very much. So a ton in the Business World going on as well. Your power lunch menu seems very appropriate today because mcdonalds is the
Reports he may have avoided paying federal taxes for 18 years. Many are wondering if he could recover from his worst week in the campaign. Halfway into the trading day. Good to see you. We are talking about company basicallythe pushing the market to the downside as you can see what majors with the industries now. Premuch similarly for the s p 500 as well as the nasdaq. Over the past four quarters, we saw gains for the s p in the dow and we are starting the work order of the year on a negative note. Lets look at some of the best performers including tesla, netflix, tesla coming out talking about how thirdquarter sales or cars came in a little better than expected. It is still sticking with a by the end forecast of december. Netflix is up here. Outage overpower the weekend if you are watching netflix. This is a serious by marvel called luke age, a lot of Binge Watching caused the outage. Resorts also rising up 3 because of september, lets go and flip up the board and see what is happenin
Players in that resurgent city. Power lunch starts right now. Dont you know that i heard it through the grapevine not much longer would you be mine welcome to power lunch, im melissa lee. Gm, ford, Fiat Chrysler all dropped. Hurricane matthew is barrelling through the caribbean. Could make landfall in haiti. Stocks kicking off Fourth Quarter in the red. Take a look at where we stand right now. We have the dow, nasdaq and s p 500 all pointing lower on the s p 500, materials the only sector in the green but it is really being crushed today by the downturn in utilities which is down by more than 1 . Oil, meantime, is higher today by. 8 of a percent. Trading above 48 bucks per barrel. We have a busy two hours. We kick it off with Brian Sullivan live in the motor city for us. Hey, bri. Hey, melissa. Thank you very much. Cant hear the song, heard it through the grapevine without thinking of the movie the big chill. When we came here a few years ago detroit was in a big chill. We came back be