all record highs. futures higher again. global stock markets are higher. the stock market, of course, measures corporate profits. that is what this is telling us. these markets are telling us they think that president trump will be very good for their bottom lines and fat and profits. the optimism surrounding the policies of less regulation is companies will make more money. great for corporate america. what will it do for jobs, housing and your pocketbooks? that is what we don t know. what does the president think about 20,000 dow? first time in history. i m proud of that. now, we have to go up, up, up. we don t want it to stay there. that s the challenge. that is the challenge. it has gone up a lot since i won. don t forget when i won people thought, oh, maybe it will go down. the business world doesn t think that. the business world knows me.
guys. pedram, thank you. let s get a check on cnn money stream. will santa claus rally come early for the stock market or is donald trump stolen st. anything nick s thunder? the dow and s&p and nasdaq at fresh highs. gains for the year with 14 trading days left. dow up 13%. the double digits were not expected this year. the nasdaq is almost 9% higher. the s&p 500 gaining 10.5% on the year. about one-third of the gains coming this past month as investors give trump s economic plans a big endorsement. as for today, futures are down slightly. stocks in europe are edging lower as well. shares in asia closing with losses overnight. the tone we are seeing this morning comes as investors wait on the federal reserve. janet yellen and company are beginning a two-day policy
happy black friday. let s get an early start on your money. the stock market in the middle of the bull run. futures up this morning. if the gains hold in the market opens, you will see a new record high from the dow and s&p. the weekend starts early this black friday. market closes at 1:00 p.m. eastern. the rich are winning the global economic recovery. according to the economic study for development cooperation. the poor were hit hardest. the recovery left them behind. incomes at the top grew five times more than the bottom 10%. nordstrom, costco, macy s have the best return policies of 50 major retailers. tis the season for stress.
up today but a little air has come out of the sales here. markets are trying to hold on to the fractional gains and we re trying to break what has been a three-day losing streak entering today s trading and we ve been down four of the last five days for what has been, jose, to put in your perspective, the worst start to a new year in u.s. stock market history, at least for the dow and s&p. some were expecting a weaker day-to-day because we saw losses in the chinese stock markets. one of their sort indices fell 5% over concerns about the chinese economy which is the world s second largest. are they really slowing down? that s driving skeptacism in world markets right now. remember, still a lot of tension in the middle east as has been the case for the better part of last year or so. energy stocks has been a big focus here. they have been getting hit hard and continue to get hit, jose,
concerns. you re seeing the dow now 268 points lower. percentage wise, europe having a tougher time with all the news in the u.s. still, that s a big loss. 17151 is the level on the dow now. we ll be watching this all morning. interesting day, to see what happens. up and down it goes. thank you, christine romans. now that president obama entered his final year in office, he s making gun control a top priority. later today, the president meets with attorney general loretta lynch to discuss tighter gun restrictions. any day now, he s expected to unveil a new executive action that would expand background checks and enforce tougher regulations for reporting lost and stolen firearms. republicans are unleashing on the president s plans. on thursday, the president will make a final push to the public. he is planning to sit down for an exclusive town hall on guns in america, hosted by cnn. let s bring in cnn white house