This is afterall cybermonday this has a retailing bonanza and signals a Strong Economy into 2020 all right now look a this. Another market rally not huge. But a rally. The dow is going to be up maybe 20, 25 point small gain for the s p small fractional game for nasdaq this is interesting. China banned u. S. Navy ships from calling port in hong kong retaliation for the president sign civil rights measure. Little impact on the market. This morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. Later on today president heads to london for 70th anniversary of nato youll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. Oh, what a day. Another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb to begin. I want to, i want to dwell on Holiday Shopping.
A new special relationship, boris and trump, perfect together, maybe. Well see. Investors like it. Stock prices jumped when the brexit news came through. We backed off a little since, but the dow is still going to open up about 70 points, up 9 for the s p and up, what, 34 for the nasdaq. The market clearly ignoring the really toxic politics so clearly on display in washington, d. C. Ive got two stocks to focus on today. New tech netflix, old tech, ibm. They are going in opposite directions. Start with netflix. We were told they had to sign up seven million new subscribers. Well, they didnt. They missed. Yet the stock is going straight up. My point here is, beware the expectations game. Ibm, going straight down. Their turnaround is not going well. We will ask if this is the time for new leadership. On the calendar this morning, President Trump leaves d. C. , heads for texas. Hes leaving the place where nothing gets done and where impeachment is an obsession, and hes going to a place whe
Faces as well. There is also going to be, it is clear, a lot of communications between the u. S. And chinese negotiators here in the upcoming weeks as President Trump said this could take three, four, five weeks, maybe until the apec conference middle of next month to get quoteunquote, papered. Earlier today i asked treasury secretary Steve Mnuchin what a mode rap might look like over the upcoming months and this was his response. The current plan there will be deputy level calls this week. Principal level calls next week between ambassador lighthizer and myself and the vice premier. Those are things that are planned. I wouldnt be surprised if there is deputy level meet national person. I think our expectation well meet with the vice premier in chile before the president s meet if there is any final issues. If we need to have inperson meetings more inperson meetings to get this done, obviously well do that. Reporter the details within phase one have yet to be produced. Mnuchin says the
While futures are off their highs following the release of that complaint but we will still be up about 50 points on the dow, up maybe 4 on the s p, 4. 5 on the nasdaq. We were higher than that before the whistleblower complaint was released. We have come down a little bit but not that much. Look, this is going to be a very big day for politics and of course, for your money. You are going to see Speaker Pelosis news conference. Thats in our 10 00 hour. The speaker owns the impeachment process. She favors quote, a quick, narrow impeachment probe focused on ukraine. Hold on. Theres a great deal happening on the corporate front as well. First off, peloton goes public at 29 a share. This is another big name ipo which is losing money and its facing lawsuits from music stars who want more money for appearing on the peloton workout screen. We will show you the first peloton trade. How about this. An aboutface for mcdonalds. Yes, they are planning a meatless burger. Watch beyond meats stock go
What do you talk a little bit inform our audience about the this level of the drop in Interest Rates whats the context of this historically is this sort of unprecedented how low the rates are or is this kind of par for the course. Well i think. The fed doesnt see any looming size of inflation so you do get concerned about some level of potential downturn at that but kept bottomline is the reason why you drop these rates is not for is not to bring on or to stop a recession its to continue the growth that is going on and right now weve had one percent growth going back to the end of the last administration and i think thats what the fed would like to see continue weve got on president unemployment the lowest unemployment in history for overall the most important one for africanamericans low sort of one for women always on a point for spandex and i completely agree of rob and i said to say that theyve been going to hell because were going to ask you to can text allies. Your answer there b