Striking distance, stocks are on track for what would be well see, the first loss in four sessions, but really cant get much of anything out of the future moves right now plus, deal or no deal, tmobile sprint battle heads to court. 13 state attorneys general led by, of course, california and new york are seeking to block that merger. And it is an m a monday, we have two big premium deals in biotech, sanofi and merck. Im going to get to that jim does too stock picking so important there in terms of figuring out where those premiums are going to end up stocks overall set to look for a modest open this morning, this after fridays jobs report rally. That resulted in the s p erasing its losses for last week trade once again in focus here, heard jim talking about it on squawk box. The next round of u. S. Tariffs against chinese goods set to go into effect, this sunday so we are now counting down. And new data Shows Chinese exports to the u. S. Fell 23 in november i dont know how much more th
We have steve ratner, who is with us often. He is one of the advisors. He is about to come here by himself in front of the committee on the tactical issue. We have a lot coming up. On the tax reform issue. We have a lot coming up. Similar story for stoxx 600, down by 3 10. Removing the currency market has truly been unbelievable. 1 buildingr 1. 1 on the rally we saw yesterday. Fourar yield now back by basis point. This is your safety check. Dollaryen down 6 10 of 1 . 112, a huge move. Oil trading on its own fundamentals up 3 10 of 1 . David thank you very much. We will set the stage now. We go to our chief washington correspondent, who is across town. Lets start with the facts. It is fair to say washington was rocked yesterday with this report that supposedly President Trump encouraged fbi director to stop the investigation into flynn. What do we know . Kevin it has been such a busy morning that i have not been able to get to the capital, but and irector james comey, am having trouble
Drop in supply. Road map begins with amazons winning streak. Shares of the e commerce giant, poised to extend gains this morning. The company now worth nearly twice the market value of rival walmart. And after the march adp report shows the private sector job gains are much higher than expected. And panera added the popular bakery and restaurant chain to its portfolio. Ron shaich will join us live at post 9. Amazon is on a roll. Its in the midst of the seven session winning streak. Market cap now more than 430 million, double walmart. Meanti meantime, they have struck a deal with the nfl to stream thursday night football, not exclusive, jim likes to call it tired night football. But its a twitter was a one and done deal. Yep. They decided that they wanted to do go with the subscription model. Twitter did not come in with that. Paying five times what twitter did. Twitter intends to continue a relationship with nfl. This is something if you want prime, you get more. They keep giving you
And wendys. All of them reporting before the bell. After the bell, we get gap, monster beverage, salesforce. Com, splunk, and deckers. Lets get over to andrew with more of todays top stories. And andrew, good morning. Good morning, becky. Were watching shares of jcpenney. The stock spiking afterhours. The trouble retailer reported a loss of 68 Cents Per Share for the Fourth Quarter. That was smaller than expected. Revenue also missing, but heres the good news. The retailer is upping its samestore sales and Gross Profit Margin forecast for the year and youll want to keep your eyes on that. Jcp shares are down more than 30 so far this year. Well be talking more about jcpenney with dana telsey at 7 30 eastern time. Tesla raising cash to expand into the future. The company will be rolling out plans to build a factory and develop what its calling its gen3 mass market vehicle. It plans to build its gigafactory in arizona or texas. The Company Expects the company to run at about full capacity
Of 1. 7 . That versus wall street estimates of 1 . The growth rate was revised downward just over 1 over the prior estimate of 1. 8 . So that hurt. Chicago pmi misses the street estimate but coming in higher than june. More Market Reaction on the floor of the New York Stock Exchange to check in with nicole. A new intraday high today. Lori that is right. A lot of numbers to take in. The big picture here is adp was good news ahead of the friday payrolls number. Gdp number that you got income a lot of the traders the first thing we noticed despite a beat this quarter, the latest quarter was revised downward so the egg picture as they continue to get mixed economic news. Dow jones industrial did hit a record intraday high, alltime high levels we have ever seen the nasdaq up 13th of 1 . Herbalife, lets quickly take a look at herbalife hitting new highs. After longterm speculation, he has taken a stake in herbalife. Back to you. Adam nicole petallides, thank you very much. Chairman and ceo o