Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn around specialist. And shares of ford have fallen more than 35 . The company has scheduled a News Conference for 9 45 a. M. Eastern time. Being called a retirement, but we can re
Gained 123 points, an alltime high, the s p climbs and the nasdaq climbs 1. 10 remind us why we stay in stocks for the long time. Every day were bombarded by negativity on a daily basis. This market has no real champions, despite its record shattering performance i know its hard to stick wit. Too many people come on to try to scare you just when you think the stocks have to go down for the count because of the alleged transgressions say of the sons of the father or at least Donald Trumps son, or janet yellen may say the wrong thin or because north korean missiles are pointed towards the aleutians, we get a day like today, where hopefully you can remember that sometimes things can work out for the bulls. What triggers this rally there are a variety of factors we had yellin telling you a good story of growth. We had a big dip in Interest Rates which reminds us there are higher yielding stocks that arent worth throwing away we had rumors that the president s chief economic adviser gary co
And instead decide to scrutinize and snap up the stocks that have been left behind that defined the action today, a session where the dow inched up to an alltime high. S p 1. 9 the nasdaq climbed also. Lets start with retail. Down and out bricks and mortar merchants were able to score some buyers at last. Why . Because target turned out to be too negative early in the year when it forecasted negative samestore sales today when target announced it had positive samestore sales after all, gave you something to cheer about. Buyers actually circled back to the entire group im going to have more on targets turn later tonight and whether its real or not what really matters is this group has fallen so far behind the market, that people are finally at last willing to consider some buys newthat amazon prime day, the day that will live in brick and mortar infamy, is finally in the Rearview Mirror in a bad market these stocks would never have any takers. Markets led only by a handful of hot guys,
Good morning. Welcome to Worldwide Exchange on cnbc, im sara eisen here with dominic chu in for wilfred frost today. Good to be here again. Throwback thursday, of course we throw back with holiday classics. Mariah carey. Lets check in on the Global Markets this morning after stocks took a pause yesterday on the march to 20,000. Pulled back a bit. Not much. The dow futures now down six. S p down two. Nasdaq futures down seven. Much like it was yesterday at this time. The losses were fractional. We were at 40point trading range for the dow . 50 trading points . Tight ranges, lower volumes, holiday lull. Just when you thought we would get up to the 20,000 number. Not that far away. Were not that far away. 20,000 good morning. Number is kind of like a psychologically important number, maybe for some out there. Its a march to bigger Better Things down the line. You wonder whether or not people are paying attention to that mark. Its a technical level. It is sort of a point that represents co
Are actually seeing the euro turning lower here. Looking at crude, the picture in crude, wti down by 0. 4. Date to for brent crude. Heres big stories that we are watching today. Another wild trading session for the worlds oldest bank. Shares of monte dei paschi tell 7 in early trading after the embattled lender admitted there are no anchor investors taking up its share sale. A state bailout is expected with any losses forced on to bond holders. The president elect is tapping carl icahn as a special adviser. The billionaire investor will work on rescinding what he calls excessive regulation on u. S. Businesses. The Transition Team says icahn will not be a federal employee, and he will not take a salary. Another well known face to cnbc viewers is getting a job in the Trump Administration. The president elect is hiring economist Peter Navarro to run a newly formed National Trade council. Navarro is the author of death by china. He backs a hard line approach towards relations with beijing.