Estimates. Road map begins with eli lily abandoning an important Alzheimer Drug, stocks down more than 13 in the premarket. Well have an exclusive interview with meg whitman, corporate americas relationship with president elect trump on the agenda. And the countdown to black friday and a cheerier Holiday Outlook for retailers. The winners straight ahead. First though to some news this morning on the continued search in the transition for the next treasury secretary of the United States. That list does appear to be shrinking. We can tell you this morning that jon gray, the man who runs the real estate business at blackstone, one of the more senior members of course of that firm, is no longer being considered for treasury. It had been reported earlier this week after meetings over the weekend that mr. Gray along with of course Steve Mnuchin who was the Campaign Finance manager for the Trump Campaign were perhaps two of the few candidates left for that post. But this morning i can tell yo
Im sara eisen. Im wilfred frost. Yesterday was thanksgiving, today means its time for holiday tunes. Is this your first black friday in the states . It is, indeed. My first thanksgiving. Are you going shopping . I am. Im buying a new laptop. There you go. Stock Trading Volume typically on this day half the level from standard trading sessions. Heres what time the markets close. The New York Stock Exchange and nasdaq will close at 1 00 p. M. Eastern time. The bond market closes at 2 00 p. M. Eastern. Commodity and currency markets observing the holiday and have a shortened session. Heres where futures are trading. Closed on wednesday at another record high. It looks like the gains are continuing. Earlier this morning the futures perking up. Dow futures up 60 points. Higher yields as well. We reached 242 i believe it was earlier in the week. That was the highest level in years. The dollar particularly strong on wednesday. We just pulled back a bit over the last couple sessions for the do
The stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, lets look at what is happening. Haidi it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. That has taken some wind out of the recent rally in crude. Wti falling over 4 friday, extending losses. We are holding above 45 a barrel, but just. , 46t looking similar, off tilde . 67, so it is about the energy space. If we do get that supply cut announced and the details come through, markets have priced it in. If you look at where we are sitting three months out, weve come off that rally builtin after we started hearing about these potential supply cuts. This is what we are looking at in terms of the broader markets, a mixed picture, but the wind taken out of Japanese Equities. The nikkei 225 close to session lows. The topix snapping its streak of gains on account of
All the way good morning happy monday and welcome to Worldwide Exchange, im sara eisen. And im wilfred frost. Good morning from me as well. Lets check in on the markets this morning. After a string of record highs last week sent the major averages up for a third week in a row, friday the equity markets closed near their highs. Transports turned in four weeks of gains for the First Time Since march under a little bit of selling pressure this morning, whether its profittaking or correcting off the move we saw, potentially some new risks entering the equation. Dow futures are down 32. S p futures down 6. Nasdaq futures down 10. S p down, nasdaq, russell 2000, small caps, s p 400 midcaps, which we never talk about, all posting new records last week. Check out some of the returns just since the election. Big returns, bigger even in the small caps. Theres the transports, which i mentioned, theyve been particularly strong, the longest run since back in march. The index gaining 8. 6 since elec
Production. Global bond meltdown. The bull market in bonds is ending with a bank. As global bonds suffered their worst slump last month. Investors look to dump their debt after donald trump won the election. Bracing for swings. It euro volatility is the highest since brexit. The European Central policy decision coming up next week. You have burned up 13 in just two days. Brent up 13 in just two days. The big surprise come iraq cutting 210,000 barrels of a day. As the focus in vienna moves from the deal into specifics. Marty schenker joins us now in london. What is the biggest question as traders wake up this morning . Firstly, you mentioned iraq. Iraq had been the biggest stumbling block. They have a quota again and they agreed to cut production. Many will be interesting to see if they are willing and able to do that. Secondly, russia. Russia pledging an actual cut of 300,000 barrels a day. One of the reasons we saw oil rally so strongly. Will russia really deliver . This never done an