Board here to europe, except the ftse. Look at the trade in crude. Wti and brent trading slightly lower. Here are the big stories were watching today. The tunisian man suspected of committing the berlin Christmas Market truck attack was killed in a shootout in a suburb of milan. Italys interior minister said there was no doubt the man killed was the suspect, anise amri. At home, shares of Lockheed Martin are falling after president elect trump tweeted about the f35 program. Trump said based on the cost and cost overruns of the f35, he asked boeing to price out a comparable f18 super hornet. Lockheed did not comment on the tweet. In a statement boeing said we have committed to working with the president elect and his administration to deliver the best capability, deliverability and affordability. A comparable f18 is tough. The super hornet doesnt have vertical capabilities, its traditional why are you looking at us like that. I get kind of turned on its kind of cool you know this stuff
Good tuesday morning. Welcome to squawk squawk alle. Happy holidays to both of you. Carl and john have the day off. To our top story, closing in on dow 20,000 yet again, market strategist. Tony, art cashin said that coming in on friday was a waste of car fare and clean shirt. How should we be thinking about volumes and momentum this week . First with respect to dow 20,000, items one of those numbers that of course the general public understands probably the most readily understood number that is spewed out from wall street is the unemployment rate. And that is of course widely recognized and widely understood. Right behind it probably is the dow jones trim average. So in terms of forging perceptions about the economy and the outlook for growth, Financial Markets how the dow fairs matters but of course its just a number. When you think about the day that that we got this morning on a surge of consume confidence and home prices rising, as well, what is the Economic Data telling you . Tha
Bear ground. They were in tshirts with farmer tans. This is good. This is the very good thing and this is what we have been waiting on for the past four years several days of rain in the forecast. The heaviest precipitation around novato area making tracks towards vallejo pushing out of petaluma look at the 560 08, 6 08 580, 608 corridor. We have some heavy to light precipitation now enterearth santa clara valley. Sant jose a Little Pocket over the willow glen area and around peninsula the san mateo bridge boy, moderate rainfall there as in woodside heading into San Francisco you have the cluster of activity in the form of moderate rain just down third into evans avenue. Mission district you hear the rain drops on the rope top and all the activity is the tail end of the system that worked its way in yesterday but now its happening and its subtropical moisture and we will get the big fat rain drops and warm mild conditions. We are 24 hours ago it was 32 degrees and this is very indicati
Mark with an update on this impressive system. Overnight we had a good dose of rain, then it backed off this morning. Then the intensities are getting boosted in the afternoon. 5 inches of rain in the past 24 hours in some areas. Some more storm reports, we are adding to the toles. Santa rosa 2 inches. Oakland and napa, 2 inches. Concord,. 68 inches. This is the radar from the past six hours. A conrestaurant stream of moisture. We have heavier downpours in these cells. We have urban and small stream flood advisories. Also in portions of San Mateo County they have a flood advisory. We have a Flood Warning in the sonoma area. Alameda creek has been rising. The north bay has a Flood Warning. Its set to remain in place until 8 15 tuesday morning. The north bay is covered here. We have heavier downpours locally. In the central portions of the bay, marin county and San Francisco, window we have heavier storms. Highway 24 got a good soaking. 61 inches an hour in that area. Widespread coverage
Daybreak asia. I am in hong kong, where it is just pack past 8 00. Yvonne, it was an extraordinary market day here in the u. S. Thead it records, 21,004 dow. And it was the busiest day of the year thus far in terms of volume. Heavy trading volume. Here in the u. S. , or i should say million a shares trading in the u. S. A big day as folks were buying. Certainly were buying. Especially the dow, more than 300 points up on the board. This bike calls for analyst before Donald Trumps speech. Outlook, if we are not getting details of this address and this speech, we will see a pullback. But it is the opposite now. In asia, as well. The followthrough in the region. Lets get to the market opening with sophie. To focus more on the fed following what boehner had to say. Janet yellen speaking on friday. We did see the dollaryen rising to a twoweek high of about 14. 4. Say widening rate differentials between the u. S. And japan are helping underpin the stronger dollaryen. Pb to be she does expect