Midmarch. Well get to macys and more and oil above 34 as the reopening drives demand. Jim, you just said to joe the reopening is working and Even Companies like ford that might have to send a few workers home on a given day are finding ways to adapt look, things are a little better his is the depression taking off the table. A lot of people seem surprised when you get an expedia number where they say theres a little more travel, and best buy is able to do a good job doing curbside pickup. People turned out to be more inventive. We heard that from Brian Cornell yesterday, and hell be on the show today facebook being inventive a lot of people have figured out a new way to do business in a pandemic and i think its vising because we didnt think it could occur im not predicting some sort of gdp revival, but i think that ingenuity is playing a big role in this particular moment when it comes to the pandemic i do want to get quick to some Home Building because theres some numbers out that 41
Going from here. Opportunity in the rubble. We have an Energy Analyst who says there are stocks to buy in that sector if you have the stomach for it. He will tell you what they are coming up in a little while. Plus Venture Capital allstar jim breyer, he will join us live to give us his take on the current tech environment. But we begin with todays commodities swings, Jackie Deangelis is covering the action at the nymex, bob pisani is on the floor here at the New York Stock Exchange. First we tee it up with jackie. Jackie d. Good afternoon. Tea it up, you sure did. Oil prices bouncing between positive and negative territory today. We did close in the red, 37. 51 is where wti ended. I think that tells you where the sentiment was at the end of the day. Amid some confusion about if weve bottomed here or not. A 6 sell off brings people back into the market even if its just for that short term trade. What traders on the floor tell me is this, we dont just go down in a straight line, were goi
Yesterdays negative market action. There you can see the s p, the dow and the nasdaq, all looking like we may be implied at least for a positive open. We shall see. That allimportant tenyear note deal. Interesting how rates have been moving up over in china in terms of borrowing rates. How are we doing here in the states in well take a look at the tenyear, which is still hanging right in there at that 2. 7 range well call it. Go across the atlanta to europe. Well call it a mixed picture. Is that your call . Yeah. They dont celebrate thanksgiving there. They dont have that seasonal lift like we have here. Thats true. We start with tiffany, shining just in time for the Holiday Season. Sales in asia helped to shield the outlook and the stock. Remember when jos. A. Bank withdrew its offer to buy mens wearhouse earlier this month . Now theres a twist as mens wearhouse tries to buy jos. A. Bank. Tiffanys posted better than expected results, total sales in the Asia Pacific Region were up 27 .
Dollars the oil dropping by 2. 01. Potbelly shares were up after the close on its on first earnings report. Shares shot up 5 after topping estimates. Starbucks owes kraft 2. 2 billion after the coffee chain ended its Grocery Store deal early. Bloomberg news reports j j will spending 4 billion dollars to settle more than 7,500 lawsuits over its recalled hip implants that allegedly caused tissue damage. Jim richter of Performance Trust joins us on this wednesday morning for a close look at the bond market. Good morning to you. Good morning angie. What will you be looking for in the market today . Especially on the heels of that auction that we had yesterday in the market. The auction may have been relevant. I think bigger news that the bond market is still wrestling with is fridays non farm payroll. It came out much larger than expected and it had a pretty violent impact on treasures. They had a pretty significant selloff across really anything longer than five year maturities and out. I
The shareholders. Dennis shares of twitter getting a boost after Goldman Sachs raised the price target. Boosting its price from 46 65 per share site a significant acceleration in product initiation opening up more slots for sale. Twitter getting high marks for raining a government request for user information. Find twitter to be the safest Internet Company for shielding user info from government snoops. Lori jim beam getting bea bougt out. It will create the worlds thirdlargest premium spirits maker. Beam shares soaring on news of the deal trading at 83. 50 offer price. Companies picked to steal the close by the second quarter. Dennis some of the biggest moves are in commodities. Natural gas prices surging just today hitting the highest levels in nearly a month. One analyst noted because the record drop in supplies this week. Looking at oil, crude pulling back. Prices falling as they reach a deal with the Nuclear Program. Lori Neiman Marcus confirming credit card information was stolen