Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
It is a big bet disney is starting off slow with the Magic Kingdom and animal kingdom, two of its five orlando parks with limited capacity. This is a very big deal for disney to start the staged reopening of disney world after closing both of its domestic parks on march 14th. Yesterday it started reopening downtown disney. Thats the outdoor mall by its anaheim park it mandated masks and social distancing there this is an important moment for disney parks and resorts which last year was the largest with Revenue Generating about 35 of revenue in 2019. Its estimated disney lost more than a billion dollars between april and june at those domestic parks because of those closures. The opening of disney world will be a key test of what consumer demand for the parks could look like especially since disneys orlando park sees more traffic from out of state visitors than the california parks which are smaller. Obviously the anaheim park has less guests that stay overnight where orlando has a big
And the nasdaq tumbled 1. 05 , you need to understand this is a redistribution its not a bet on the future, its a wager that some earnings estimates are going higher while others just stay the same and judging by the intraday reversal, investors are starting to realize that we may be a little too enthusiastic about stocks in general. Even if some do deserve to be higher because of changes that are going to be made to taxes in this country today truly brought a bifurcation in stocks. The action was 100 about tax reform Domestic Companies get a big cut while more internationallyoriented Companies Like most of tech see much less of a benefit sure they can repatriate capital from overseas at a better rate, but the real benefits here are for the purely domestic players. Its Like Congress has waved the magic and with and every cable company, railroad, retailer, restaurant as well as a smattering of industrials that have great u. S. Exposure and that has radically raised earnings for 2018. No
The region. The marketscheck of about 30 minutes into the last trading day of 2017. Abigail doolittle is here. Little movement so far. Abigail fractional moves for the major averages on the last trading day of 2017. Sherry was just mentioning, very consistent with what we have been seeing all week, heading into the new year holiday, a long holiday weekend. Toders taking the day off some extent, week off even. The s p 500 up about 20 on the year. Best year since 2013. A bit of a break for the major averages. We have weekly gains except for the nasdaq. The nasdaq taking a bit of a best yearbreak on the week, wity small decline. Dragging down the day, we have technology. Micron allon, and lower. Apple, there is news they are apologizing for slowing the speeds on some of their phones. They are reducing prices for batteries. On the year, all of these stocks up in a big way. Apple, year to date, its best year since 2010. This could be traders and investors not wanting to rock the boat. One o
That stock is undervalued. He thinks it should double in price, kelly. Hes also talking about them getting into tvs, bill cars batteries. A lot of great fodder for industries that should be paying attention. Maybe he wants to merge apple with tesla . Or going back to his investment last week in lyft. Charlie evans said the fed should not raise rates until next year. Will that power up this beaten down sector . We will hear from both sides, coming up. And why you had a little hint here from melissa lee a moment ago. Why is Consumer Reports calling teslas 120,000 top of the line car undrivable. You dont want to hear that for that expensive a car. There is a twist, bill as ever with this one. It is an interesting story. Thats coming up. In the markets right now, the blue chips, Dow Jones Industrial average bolstered a little bit by apple as bill mentioned. Up 0. 25 . In record territory. The s p is as well here at 7 points higher on the session. The nasdaq adding 31 at a level of the mome