Im Contessa Brewer. Hope you had a fang taktastic holiday. Lets take a look at futures were shaping up to have a slight hely lower open. Implied futures down 25 points, s p up just slightly here at one point and the nasdaq off by five taking a look at the treasuries and ten year notaes Holding Steady after rising slightly on friday were up about 2. 5 yield on the day. European markets are closed today for boxing day, but taking a look at the asian equities, the nikkei is off by 0. 2 . Shanghai risen by three quarters of a and the kospi has dropped by half a percent. As for the broader markets, oil down just slightly this morning. Wti crude is off by 0. 1 brent almost 0. 2 . And nat gas up they now expect the north sea pipeline to reopen in early january. And that is just tempering somewhat the production cuts weve seen in russia and by he opec taking a look at currencies now, and the dollar is also Holding Steady this morning. Down just slightly a tenth of a percent against the euro up
Suni, great to see you again, welcome back thanks, scott, great to be here where are we in this rally, as volatility has picked up. For sure. Concerns picked up but where rates are going. Yes how does it all play out . Honestly, i would call these growing pains, to quote our house view on the ceo side there are opportunities here there will be a little dip coming out of rates. I think well see higher rates from here, temporarily pushing the market down a little bit we still like the story, the trend is going to be up. The fundamentals are strong across the oard. Value stocks versus growth im not walking away from the super Growth Stocks that are driving change around the world. Feel pretty good about the rally continuing but as you say, volatility is up rates volatility is up, highest point 25 in the last two weeks alone. Are we, michael, on the cusp of the longawaited correction, as a result of rates maybe thats what everybody is worried about. The volatility weve seen in the last few
Squawk alley is live. Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla at post nine facebook is up 4 after reporting the earnings beat as revenue and price per ad increase Mark Zuckerberg says people are spending less time on facebook and thats not a bad thing take a listen. I want to be clear. The most important driver of our business is never been time spent by itself. Its the quality of the conversations and connections. And thats why i believe this focus on meaningful social interaction is the right one joining us this morning, Henry Blodgett and mark may, an analyst at citi. Good to see you both good to be here mark, its looking past these quarter on quarter declines. And assuming ad buyers will say this is better for the product it should be. I anecdotally, i dont like to invest in anecdotes, but im seeing a better news feed myself in recent weeks. More friends and family content, more content thats less controversial. You know, more relevant to what i like and
Consecutive record close, the s p 500 also hit an alltime high. More on that in a minute, and investors put money into financial stocks ahead of the start of a twoday meeting. Many say the grind higher will continue as long as Economic Growth remains solid. The Dow Jones Industrial averages gained 63 to 22,331. Nasdaq was unsix, s p 500 added three. Bob pisani with mork on the week ahead and the markets move higher. The markets rose to new highs again. Theres several factors first strong momentum. Crossing 2500 the s p was a important kolodziej wall mar the s p is up more than 1 , this month, if we end here, it would then theres north korea where tensis you are lower. President trump spoke for the first time at the understand, gave a moderate speech. The hard part is ahead where he will be seeking to put World Leaders for even tougher sanctions against north korea. Finally a fed meeting, no rate hikes expected, but expected to announce normalization of its balance sheet. Janelle yellen
Exchange here on cnbc im wilfred frost. Im Courtney Ragan in for sara eisen nice to be with you, court. Lets check in on the market picture this morning we did get slight gains on friday and slight gains for the week as a whole last week. The dow led the pack it was up 0. 4 the s p up. 10 of a percent. A number of record closes. Walmart the big winner last week, up 9. 6 which courtney will have all the details on in a moment or so this morning we have stocks up 30 points on the dow fed chair janet yellen making the case for more rate hikes speaking at a weekends g 30 rate hike. They said it will warrant gradual rate increases she noted inflation has been, in her words, the Biggest Surprise in the economy similar message in turn that was struck in the minutes last week and its leaving the ten year treasury note below. Last friday we split them to 2. 28 and were just above that this morning on monday morning, 2. 29. Asia market news, we got some data out of china. Consumer prizes rose 1.