Crushed, lowes falls short. Both retailers see big gains in online sales and Curbside Pickup and the Energy Sector is coming off its best week ever more than 16 gain last week the ceo of chevron will join us in this hour, well talk about is in store for chevrons business and the sector. Well talk about all that with michael wirth. Carl cant wait. Boeing is the story of the morning, jim 617 days on the ground you got baird going to outperform with a 306 target today. I guess well talk about not only how they get this back in the air, american will launch it on the 29th of december, how they market it to consumers. I think that there is a tragedy timeline we had it with chipotle, we had it with a long, long time ago with jackinthebox, taco bell. People tend to forget. The media doesnt forget, but the individual who flies is thinking, well, i want to take southwest or take american theyre not going to ask as they would have a year ago is this the max. And then i think also boeing can phas
Indicated up about 40 points yesterday, we did see compressed yields higher prices for treasuries 10year at 1. 36 the twoyear at 1. 7 in japan, the nikkei falling over 300 points. The bond market won, so we are going to have our friend on today. He always says it is going to be because of slowing growth. He seems to get a little bit serandipitus about it. Ill give him credit. The slowing growth caused whatever caused the slowing growth gold is up. Stock market ignores things until it doesnt hope depot might help. Stock called sharply higher after reporting better than expected results i got a 242 bid, 242. 50 bid now. Right . 228 is 18 cents above estimates. Whatyou are seeing there does not reflect what we are seeing samestore sales up 5. 2 , which is strong. Consensus is at 4. 8 home depot announced a 10 increase to 1. 50 a share you can figure out the yield will double every seven years. Joining us with immediate reaction, the bottom line beat is big the samestore number is better.
He will be traveling to washington hell be here a couple of days saying negotiating teams from both sides remain in close communication. President trump saying hes going to later travel to beijing to begin talks on the next phase. I think well talk to eunice we never know until we know. The last thing we heard from eunice was, you know, the president says there is a signing next week but havent heard anything from the chinese side she did point out that it was good for the chinese to have this happening now ahead of the Lunar New Year too my point is that they would never say anything and deliberately stay and let us conjecture it is always bad they never signed off on this the day before the market pulled back a little after someone said something that the chinese are uncomfortable with something until we hear right from the Commerce Ministry. Just a lot of times sitting there, what they looked like. They are more reserved and are tweeting about this stuff. Anyway, looking good. Hope
A postbrexit trade talk. Matt good morning, lets take a look at what you need to know this morning, starting with gold. It is on track for a fifth day of gains. Lets look at the nasdaq, why dont we . Yeartodate to date, hitting another alltime high. There you see gold. Actually down this morning. If it rises, it will be a fifth straight day. Interesting to look at u. S. Treasuries right now. We do have a story out on the bloomberg where Michael Kelly from pine bridge investment expects it to be up to. 5 in the spring. Almost 100 billion. Have to listen to what he says about the 10 year yield. In asia overnight we see gains in european futures. Tech shares is really the top headline. Amazon was among the top performers. It reported a recordbreaking Holiday Season. Bloombergs index of consumer comfort hit a nine week high on greater optimism about the economy. What do you think about all of the good news we have had on tech in the Holiday Season . Haseems like the growth expanded at a re
Welcome to daybreak europe. We will see a little bit of selling in the asian session. A lot of read on the screen. Rates of korea cut kept rates unchanged, but cut its Growth Outlook. The bloomberg dollar index, we have seen an eightday winning streak. The sixthweek high for the bloomberg dollar index. Steady as she goes. Taking a look at equity markets in terms of u. S. Futures. The markets were closed for thanksgiving yesterday. Stock and bond markets. Futures under pressure for a second day. We saw europe close lower, too. Oil, just a little weaker, but it is heading for a fourth weekly gain ahead of the opec plus meeting. Opec and its allies are expected to extend the current supply pack rather than deepen those reductions. Following president trumps signing of the hong kong bill, there is one big question left unanswered, how would china hit back . The Foreign Ministry has issued a threat of retaliation, but they have been vague on details. Beijing will set the future course of tr