On a day like this where the dow advanced 30 points, s p dipped 0. 17 . Nasdaq declined 0. 63 . Weve entered the most intense part of Earnings Seasons and the market keeps rerendering snap judgments on the fly. Reare tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has been ages lost in the wilderness after a long period of outperformance. The stock rallied four points before the opening. Then management told you that pashtd of the internice had soft sales, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane san diego possibise charts, the stock snapped right back to where it us, closing back up 6 bucks. Look at the arc of that roller coaster ride in a single session, the Company Guides up on earnings and sales. Then its rejected, and then its accepted again all within two hours. We have to ask what real
The fly. In this insanely difficult moment, we are tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has spent ages lost in the wilderness after a long period of outperformance. This morning, the Company Raised its earnings and revenue forecast, so the stock rallied four points before the opening. Then management told you that part of the enterprise had soft sales, namely mature widebody aircraft, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane is possibly off the charts, the stock snapped right back to where it was in premarket trading and then exceeded that, closing up more 6 bucks. So look at the arc of that roller coaster ride. In a single session, the Company Guides up on earnings and sales. The judgments accepted. Then its rejected, and then its accepted again all within two hours. We have to as
Welcome to squawk alley. Im jon fortt. With me, sara eisen and melissa lee. Karla and kayla have the morning off. Welcome. To our top story this black friday, the trump rally rolling on this morning, the dow, s p 500, and small cap russell 2000 hitting highs, the averages set for their Third Straight week of gains. Just up fractionally, but were in record territory so they continue to push higher. Not all sectors have joined equally in the rally, but still impressive. And perhaps a good sign that as the shopping season kicks off theyre continuing to at least make new highs. Within todays market action, its interesting that the utilities are doing very well in todays session, and its really the standout in terms of leadership. You have to wonder, well, why is that, why are people feeling the need to go for safety the day before this weekend. Granted its light volume. Were also seeing interestingly in germany, the twoyear yield on the bund is at its record low. Minus 0. 76 . So also a bi
Stocks are going to end. Ceo jimin charge, moran, joins us later in the program. First, markets. David in the markets this morning jonathan in the markets this morning, s p 500 futures down. Over in europe, a day of gains. The ftse up 510 and the dax up 1 10 of 1 . We will get through the other Asset Classes for you. Cable, big story. The pound at 144 as i speak and the euro at 1422. 47. 75. Ti up about 1 10 of 1 . Around the world and check in with our Bloomberg Team for indepth coverage of our top four stories. Mike mckee on a barrage of u. S. Economic data this morning. Guy johnson has details. Will kennedy is in london for the latest on the oil rally and home depot beats the street. We will break it down with matt townsend. In new york. Plenty of Economic Data including Consumer Prices, and housing starts. Michael mckee has great sense with his presence. This is all about inflation. How decisive will todays cpi really be . , for twot be decisive reasons. The feds target is based on
Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen. Along with don. Today to be here, good morning. Lets check in on Global Market this is morning. It looks like were lower again today. Dow down about 40 points. S p futures down 6. Nasdaq down nearly 14. This after the dow actually finished lower for the sixth session in a row. As for oil prices, all the focus back in a bear market off 22 from the june high. And they are getting a bit of a relief bounce this morning. Still around 40 a barrel. Dipped below it yesterday, 40. 13 right now. Keep a close eye on that. It is starting to impact sentiment perhaps with lack of other catalysts. The Economic Data heats up. Of course everyone still talks about the former correlation trading relationship between stocks and oil. Well see if that holds in the weeks and months Going Forward here. Among todays other top stories. Shinzo abe approving a 274 billion stimulus passage. The countrys finance minister says the bank of japan