That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Ill admit, im just the same as i was. Now, dont you understand. That im never changing who i am. Cheryl we are here, welcome to fbn a. M. Good morning everyone. Im cheryl. Lauren good morning. Welcome. Im lauren simonetti. Cheryl all right. Lets take a look at how your money is doing this morning. Lets take another look at futures. Its been a week, right. Another loss for the dow and s p yesterday, both down five days in a row. Right now, we do have more red arrows. The dow was down 400 overnight. This is an improvement. The dow is down 133, s p down 16, nasdaq is down 42. By the way, a lot of retailers reporting before the bell. We have best buy, jc penney to mix it up today. Lauren its a coronavirus driven market. The price of oil is at 47, 93. Down almost 2 right now. Gold of course flight to safety, at 1648 an ounce, a gain of 5. Goldman sachs sees gold topping 1800 in the next three months. Cheryl we have seen a flight to safety into treasuries. Right now the yield is actually dow
A variety of issues. Remember that when you see the speech. After the speech, President Trump will meet with britains Boris Johnson. Now, that meeting should be about a big trade deal. However, earlier today, Britains High Court ruled that the Prime Ministers suspension of parliament was illegal. That complicates an october 31st brexit, and you cant have a trade deal til the brits are out. Meanwhile, democrats are racheting up their calls for impeachment. This time its about that call to ukraines president and a new report that the administration has delayed aid a week before the call was made. The market doesnt care. Despite it all, stocks will open higher again. Now, we have no idea where the markets going to close but at the open of trading the dow is going to be up maybe 50, 60 points. S p up about eight. And a 25point gain for the nasdaq, going up at the bell. But wait tlrn, theres more. Bernie sanders oneups Elizabeth Warren with a wealth tax proposal. And the europeans give goog
Well, you could have been anything that you wanted to. And i can tell. The way you do the things you do. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, nice to see you. Im lauren simonetti. Cheryl lets take a look at how your money is moving this wednesday morning after yesterdays 100 plus point loss on the dow. We are up right now, 168. No news on the trade front. Investors seem to like that right now. S p up 21 and a quarter, nasdaq up 68 and a quarter. Lauren quiet could be good. Lets check on the yield on the 10 year treasury as we await jay powell speaking on friday. 1. 58 . Cheryl oil right now as you can see, it is up about nine cents. Well get an update on supply today. Right now, gold is down by 7. Lauren stocks in asia largely in the green this morning. The nikkei in japan down a quarter of 1 , but the kospi up a quarter of 1 . Cheryl no new news on the u. S. China trade war. In europe, investors saying goodbye to italian stocks. Youve got gr
Points. If they come the big open in all three indexes. Lauren stocks are trading in europe. A downmarket acrosstheboard at the cac in paris on the quarter 1 . Gerri in asia to stocks in japan managing nowhere. Higher commissar repeat the nikkei higher, but all other lower. China hang seng in kospi. Lauren tax incentives at the big boost to profits that the stock is jumping. Fbn am is starting right now. Gerri 5 01 a. M. In new york. Wednesday from december 20th. Century wilson first Cheryl Casone. Lauren good to see you. Christmas is creeping closer. Are you prepared . Let us begin with breaking news overnight. The senate has passed a tax bill. The vote 5148 from all republicans voting in favor. Senator john mccain battling brain cancer was absent from the vote. Senate Republican Leaders celebrating their victory. The stock market is up, optimism is high, coupled with the tax reform, america is ready to Start Performing as it should have for a number of years. This is an historic mome