Good morning welcome to Worldwide Exchange on cnbc. Im seema mody in for sara eisen. Im dominic chu in for wilfred frost. A lot of Christmas Music throughout the course of todays show if you like it, youll love it if not, bear with us even though im not a fan, this is a classic. It is a great song. We have quite a few things that could be driving the trading action looking at the u. S. Futures picture, were seeing stable markets. Weve seen this theme developing, we have not seen major moves in the premarket futures at least ahead of the opening bell right now the s p 500 looking like it will open up by 4 points the dow up by 19 the nasdaq up by 5 as for the treasury yield side of thing, the tenyear note yield is falling a bit we saw that 2 1 2 mark yesterday. About 2. 48 there. The run up in yields is pulling back just a bit in this early friday trade lets look at asia and how stocks closed there for the week the japanese nikkei did end the week higher. Hang seng higher by 0. 7 shangha
Aisle together tonight in a big meeting for tax reform. Its a push just hours from now at the white house, and airports are beginning to reopen, fuel trucks are starting to make deliveries in south florida. But in the hardhit florida keys, fema says a quarter of the homes are destroyed, millions still without power. We are on the ground with an update on the rescue and recovery effort. David well, the dow is now just about 20 points shy of a brand new record driven higher by shares of pfizer, goldman sachs, caterpillar, but the s p and nasdaq already getting the job done. Nicole petallides, we have traced back all those losses from last week, and were on our way to new highs. Whats driving the market . Im taking a look at the record close for the Dow Jones Industrial average. The record close, 22,118, looks like we beat that by a point. The s p 500, any gain there, gain would be a record. Again, we hit that as well. And watching the nasdaq as well which was close, but i dont have that
We stepped forward. We volunteered. We signed on the line. We did our duty. And now theyre slapping us in the face. Reporter former guard member robert was among those in 2006 or 2007 who received a bonus of 15,000 or more to reenlist for more combat in iraq or afghanistan. An investigation in 2011 though determined those bonuses were in error or illegal. Several california guard but, at the same time, the pentagon pursued payback from the soldiers which elected officials on both side of the aisle now call outrageous. Chris clackham, nbc news. Reed theres also concern this reenlist. Bonus scandal may stretch outside the borders of the state of california. Jim American Airlines opening an office in cuba. The u. S. Government granted Nine Airlines permission to begin every week. Jet blue, delta and united were also given permission to fly to cuba. Most will Begin Service later this year or early next year. A huge fire at the Gaylord Opryland hotel in nashville, tennessee today. It starte
Lets go over to the markets desk. Julie hyman has the very latest. Julie we are seeing stocks andback after the gain the streak we have seen in u. S. Stocks over the past four weeks. We have the fed meeting coming later this week, so there is a lot of talk about what that will bring. The decline today can really do to be tend on what is happening with oil prices. The Iran Student News Agency reporting the Iranian Oil Minister says we will Freeze Oil Production not until we raise it by about a third. Iran is not willing to freeze production until its production is more in line of what it was historically. 36. 85. Down we are seeing the big cap Oil Companies take a leg lower today. Also not helping oil today is the recovery in the u. S. Dollar as we are seeing people reraise their Interest Rate expectations given the fed meeting. The yen is unchanged versus the dollar but you see the euro and the pound are falling versus the dollar today. Betty it is not just oil today that we are focuse
Dig deeper into oils impact Going Forward. Going in Different Directions which is very unusual, definitely what we didnt see in the First Quarter. Costco starts its deal with citigroup today. What about former partner American Express . We have both sides whether one of the biggest losers can turn things around. The yahoo brain drain isnt over. Details on the latest executive to leave the struggling Internet Company coming up. Shares of tesla are popping after the company unveiled the model 3 last night. Preorders have soared past expectation and elon musk took the stage to unveil teslas new product. Even the base model 3 will do zeer ro to 60 or 0 to 100 in less than six seconds. [ applause ] at tesla we dont make slow cars. In terms of range, the range will be at least epa rating of 215 miles. All model 3s will have autopilot hard ward and 3600 super chargers worldwide and about the same number, about the same number of destination chargers, thats present day. By the end of next year