Discuss this big online spending of black friday and the u. S. Economy based on you know low paying jobs i guess is the host of our team room buzz pretty always a pleasure so why are we seeing signs 19 that in detail today why are we seeing such low wage job creation here in the u. S. This is not a new story this has been consistent and something that weve been saying every single month in every single monthly job report every single month in the trump has bragged that we have more jobs than ever employment is at an all time high unemployment is at an all time low weve been saying that every single month but what we really dissect is the in the employment or unemployment job report that we get every single month we found that the quality is not there and exactly what you said is low pay wages and low folie jobs are predominately the 5. 00 main factor the Main Driving Force and that includes everything from everything the Hospitality Industry to the food and beverages to even some of th
All ahead for the session so far. Ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1. 78. Lets get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed Holiday Season, retailers raking in a record 4. 4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. The final trading day of november and stocks pointing to a lower open on this holiday shortened session. Buffett thwarted, the oracle of omahas latest attempt to put his cash hoard to work, outed by by apollo global. We begin with retails busiest day. Courtney reagan is at the Woodbridge Center mall with what to expect this weekend as the Holiday Shopping season officially kicks off hey, court. Reporter good morning, happy thanksgiving to you, morgan. Here were starting to see the second wave of shoppers come out to the mall. They do those early door
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now
Component earnings joining us for the hour is stephanie link great to have you here i think thats exactly where we should start we had earnings from walmart and cisco. Cisco is the drag on the dow how would you characterize how it reflects back to the Broader Market last quarter the same thing happened where cisco disappointed and walmart posted a better than expected number. This is what this economy swhat this market is enterprise spend is weak on trade concerns and uncertainty and thats not Getting Better any time soon versus the consumer being very strong those numbers are very impressive 6. 6 stack comp for walmart. It actually kratd. Ecommerce sales 41 . Estimates are going up for walmart and going down for cisco and i dont think theres a lot of visibility at cisco even if you listen to that Conference Call they were disappointing across the board. You got to pick your spots of where you want to be well dive deeper into each of those Companies Reports ahead. Stephanie will be wit
Some 40,000 residents to evacuate their homes amid wild fire rage. The one thing at the biggest risk in stocks now it is friday, october 25 Worldwide Exchange begins right now. Good morning, good afternoon, good morning thank you for joining us this friday morning this is your stock and your story of the day that is amazon shares are sinking in the premarket after those earnings were reported. Bounced back some what down around 5 still that is a nearly 50 billion move they are losing a fordsized company right now. Moving on to indonesia authorities recommend closer scrutiny of Automated Systems and better flight deck systems in a statement, they say the max are undergoing, quote, unprecedented level of testing, oversight and analysis they say they are making sure the conditions from the accident will never happen again. Boeing, the highest value stock means it is the heaviest weighted boeing, the most important singleweighted stock. Boeings move down not impacting the futures. The dow