Hard to make anything of any positions being taken into the weekend, were something good or bad can end up happening. Time for todays market moving news from brussels, as well as our new york teams. Europe, approving a shortterm deal. Ombergs part two bloomberg spoke to germany z for president to spoke to germanys you for germanys ifo president. If things shut down again because there is a second wave, that is catastrophic for them, so that is something that needs to be avoided. Maria tadeo joins us now. Maria european leaders met yesterday. They came up with a shortterm aid package, but the question is what we are going to do over the long term. Get any clarity yesterday. That is being reflected in the Market Action today. Any specifics on the amounts. Theres suggested that it could be one trillion euro up to 1. 5 trillion euro. Some argue this should be done through transfers. The countries that are on the weakest right now would say they want to see the bulk of it being done in tran
From new york. Were on the Great American pilgrimage you know and destined to cash is one of our sponsors but really friends because they share the same heart we do which is so wanting to be in the business of impacting or connecting with folks so thats why were here today. So when it first started is rolling through Corpus Christi and send in tony over and over here would still bed yet you know were still trying to get through the kind of headed zone in between shifts not certain if were going to be working and i had gone back up to the shop that day and as i was coming back the by you down the road i guess its about two miles back to the east started coming over the highway and we decided that we dont try to hunker down and we didnt know the water was coming but we could see more rain than usual settling here where its never flooded in that area before so we. Were just kind of like oh itll get maybe to the porch but its probably not going to get in the house were going to be ok it wa
And target will discuss their thanksgiving. And new wikileaks emails give insight into the Clintons Campaign relationship with still loi c Silicon Valley. Well show to you coming up. But we begin with the Earnings Reports. Bob pa welcome, everybody. Bob, well start with you. A lot of things going on, about 30 of the s p reporting. Tales of the tape, lets go through a couple companies. Oil and gas, baker hughes big sur rice. Narrower loss than expected. They see an uptick in drilling activity in the United States. That is a big story. North america activity will modestly increase. Wow, this quur similar are to what halliburton said. Baker hughes up 4 . How about Procter Gamble . 3 organic sales growth, an amazing number. They reaffirmed full year guidance. They have fewer brands but massive scale and reach. Take a look, that is a nice move up 4 their Earnings Report. And how about United Technologies . They raised the low end of their full year guidance that was a bit of a surprise. Aer
First we get to the stunning losses suffered by stocks that were once star performers, mostly tech names left for dead by investors, crushing the nasdaq this hour. All of it raising the question of what the death of momentum means for investors. Josh brown, we say stunning. Take a look at the wall. Linksin down, netflex, splunk, workday, amazon scott, scott, i havent taken my pill yet. Lets slow down. Its just becoming more visible. But this has been happening for the better part of 18 months. Now its hitting the cool kids. I hate to say it, but they have more a lot lower they can go. Starbucks, one of the most popular is below its average today for the First Time Since october 2014. Facebook is into the postearnings gap down 12 off the high. This is just beginning for some of the names. It has been taking place for most of the market. Quite frankly, most of the world for quite some time. I wouldnt be falling out of your chair at this point. You bought linkedin today, you must see some
Im stephanie ruhle. Eric was under the weather this week. Im happy to be back. Breaking news about the housing market. Home sales for december are out. Scarlet fu is in the newsroom. Unexpected decline in the number of contracts to buy previously owned homes. It comes from the National Association of realtors. A drop of 3. 7 for the month of december. That is the biggest decline in the the year. On a yearoveryear basis, pending home sales increased 8. 5 . That a small at the what economists were looking for. They were into speeding an increase of 10. 5 . S p 500, paring it is extending losses following the news. We have the 10 year yield pretty much where it was. We will continue to monitor all of this. The fed has said it is data dependent. This shows the housing industrys recovery is still on even. That a scarlet fu with the latest. Lets take you to the bulletin. Top is the stories. Shares of alibaba are getting beat up today. The stock fell as much as 7 after the Chinese Ecommerce C