Investors seem to be more optimistic as Congress Continues to work on another federal relief bill. The president at the bottom of the hour scheduled to deliver another news briefing. This as tensions between the u. S. And china continue to escalate. The u. S. Has ordered that the chinese consulate in houston, texas to close china to close. China is calling for the u. S. To revoke the decision and is warning that the u. S. Has more diplomatic personnel in china than vice versa. Joining us to break down the market avenue big the Market Action are Abigail Doolittle who has following who has been following the action. Abigail tesla delivered. Considering you have the stock of more than 280 on the year going into that report. Before we look at that stock specifically, it has been another interesting, slightly choppy day. More sleepy at the end of the day. We saw this late day surge climbing. Not huge gains. We had stocks of flat. Nasdaq down at the end of the day. This s p 500 higher. This
Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int
Date trade tensions resurface as china rebukes the decision to sign a bill backing protests in hong kong. And retail front and center as we get forecasts from adobe and the National Retail federation, forecasting strong Holiday Spending joining us for the hour is allied chief Investment Strategy lindsey bell here we go, a shortened day today but a lot of excitement. Whats driving the action . Well, you know, there is lower volumes today. Coming into the end of november, going into december, this is the seasonally strong period of the year earnings season was a good one retail sales pretty good retail earnings were good even though a mixed bag and so i think were in the period of pause until the new year. What are you paying close attention to today. Well, today, i think its really all about this is black friday about the retail environment and the consumer theyve been very confident, wages going up Unemployment Rate very low, near 50year lows can the strength of the consumer driving th
The pound is rallying. Tenyear back to 17 now as that threemonth tenyear curve goes positive road map begins with a trade boost, stocks set for a sharp rally at the open as optimism for a skinny trade deal is growing. Oil prices jumping this morning, this after iran says two missiles struck one of its tankers. Gms urging the uaw to engage in around the clock bargaining to reach a deal and potentially end the more than three week long strike. Were going to begin with u. S. china trade talks, lighthizer, mnuchin, greati ingg chinas vice premier the president and the vice premier set to meet this afternoon. Yesterday, the president was upbeat about the talks take a listen. Were doing very well, were having another one tomorrow. Im meeting with the vice premier over at the white house. And i think it is going really well i will say, i think it is going really well. So we had a very, very good negotiation with china theyll be speaking a little bit later, but theyre basically wrapping it up
Something i know its something we didnt see as an ideal tool in our institutional context. And i think, you know, different Central Banks around the world did Different Things and we can observe how those things work, but i dont think we regard that as a firstorder tool or something we would be likely to use. There are other things that we need to look at. And i would say yield curve control, sort of shortterm yield curve control is something thats worth looking at. Not at all something that we havent looked at it, but it will be something that we look at when the time comes and the last thing ill say is, you know, i think our tool kit, well use it aggressively to the extent we need to. Yeah. To achieve our mandate. So one of the questions i got from someone today, who knew i was going to be asking you questions, was, is there an unintended consequence of in a reasonable growth, low employment near the target rate inflation rate, is there an unintended consequence of easing into that e