Look at todays eye opener, your world in 90 seconds. We could hear people screaming, help me, help me. You could see people bending from the windows and fires were all around them. It was horrendous. A deadly fire in a london highwise. I have never, ever seen anything of this scale. You can only imagine how utterly terrifying its got to be wondering how youre going to get out if you get out. Its going to be shocking. To suggest that i was aware of any collusion is an appalling and detestable lie. This is the side show to a sideshow. Sessions did a very good job fending off all of these charges. His refusal today to answer legitimate questions is going to lead to an investigation of his conduct. A manhunt of a georgia man accused of killing two prison guards. An American College student seriously ill is home after he was freed from a north korean prison. One couple looked out of their plane window and saw jet fuel gushing out of the side of a wing. Thats not normal. All that a dog fell
100 day moving average. Alixjon no conviction. Mr. Delay comes down and says right is live around 22 . I cant imagine why, given whats happened in the past, the markets wont believe them. Alix we will be watching all market it isthe sort of like all quiet on the western front before the fomc. Jon with the exception of moves and equities in europe. The ftse marginally lower come up by. 1 . In the fx market, low conviction, lack of direction. Yesterday, turn it upside down and thats what youve got. Weaknesses make him a strength today. Yesterday,ness strength today. The rally in brent crude, coming down a bit today. Citigroup saying the opec fueled rally should give you a bit of caution. Of the yield curve on treasuries, that will be in focus as well. To your notes up about one basis point. Notes up about one basis point. ,he long end of the guilt curve one or two basis points. Some superlong that over in the united kingdom. A little bit of extra supply. Alix lets go around the world and
Morgan brennan. Good morning. Good morning. Great to be back here at this early hour with you. It is lovely to have you with us. Well get straight to the markets. This morning after a week we saw gains, quite a lot of movement in volatility. Of course, that fed meeting in the middle of the week where we didnt see the hike in Interest Rates did leave markets to move around in various directions over the course of the week, but we did have about 1 of gains for the week as a whole by fridays close. As you can see, were expected to open down to the tune of 80 points for the dow. 10 points for the s p. And 27 for the nasdaq this morning around half a percent of declines expected. We look at the tenyear treasury note, which of course had paused its rise recently and now is closer to the 1. 6 handle up near 1. 7 a couple weeks ago. And taking a look at european equities this morning, those are tracking lower. The german dax is down 1. 5 . The french cac is down 1. 7 . The ftse 100 down over 1
Securities, the gauge rode to a sixweek high. This morning, u. S. Equity futures are indicated up slightly, up by about seven points. S p futures down by over a point. Nasdaq up about a point. And the tenyear note, this is what weve been watching so closely. The tenyear note at some point is yielding 2. 8 . Exactly. Thats been driving the direction for a lot of these things. Moving up yesterday was around 2. 78. But 2. 8 is where people start to sit up and take note. Just under 16,000. Vix at 14. Tenyear, 2. 8 . Im not ready to say anything yet. Are you . No. But you wonder, if you looked at november every time there was a dip, people jumped in and bought. Thats not happening. No, no, bring that last one back up. We cant say anything. Look at that. Does that look any different than anything else . You know whats weird, is the dow had its biggest look at those others. I know. But weve gotten so used to gains. Look at september, look at all, look at june. Down, slightly back up. The dow
Equities were favored over bonds but the flows into equities moderated into october. As for december, it historically has been the best month on the average for the dow and the second best month for the s p. This morning the futures, when we get into the trading month for december, you can see they have barely budged. Dow futures by 4 points, s p down by 1 and nasdaq up by 1. 5. Among the eye lights, we have the European Central banks last meeting of the year. In the u. S. , a first revision to the Third Quarter gdp comes on thursday. Friday, the big number. The november jobs report. Markets watching that very closely to try to figure out what the fed is thinking about all of this. Steve, ill send it over to you. Thanks, becky. Lets talk shopping. After the First Official weekend of Holiday Retail. The National Retail federation reports shoppers spent less than they did a year earlier. The nrf suggests shoppers spent 407. 20. Online sales soared. Meantime, Research Firms say the traffi