Wilfred frost. Lets check on Global Markets because we are on this friday seeing gains, at least on the futures side of things you can see futures pointing to a higher open, the s p up by about six points, the dow up by about 78 and the nasdaq up by about 13 points overall. Lets get a check on the fixed income markets on the treasury side specifically with the tenyear u. S. Treasury note, yields are 2. 362 , a little lower than they have been over the last couple of days. So the Interest Rate picture taking a little bit more clarity given the feds Interest Rate hike and some commentary about the future still, though, yields in focus, especially for those financials, courtney. Lets look at whats going on around the world in trading. So take a look at what happened in asia overnight. Mostly lower, as you can see the south korean kospi is the one outlier higher by about 0. 5 the hang seng was the biggest laggard, down 1 a lot of focus on whats going on here in the u. S. When it comes to o
On wall street, and squawk alley is live good friday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt, Morgan Brennan is at post 9 for the hour, sara eisen is off. S p 500 tech sector is the best performer this year by a long shot, up almost 40 . The question is, will this continue into the new year mark mahaney joins us to start off the hour, just published his 2018 internet sector outlook mark, always good to get your take happy friday good morning, carl. Whats the headline on this one . Going into 18 we have three constant and one change. At least for the internet aspect, theyve been extraordinarily consistent and we think those Revenue Growth trends can continue into next year second, the multiples are the same they havent changed over the last three years, which should mean the outperformance weve seen in the stocks to date, its all bottom line driven or Revenue Growth driven. Theres less downside risk, despite the outperformance going into 18 and the third th
Legends breaking down implications on the tax bill, how much will you really be able to deduct of your mortgage interest . What does that mean for all you fence hitters ready but wait to go buy a new home . Plus, we are all geeked up for the debut of star wars, the last jedi, we have so many questions, is skywalker the last jedi. [laughter] shows how much i know. Why did carla turn to the right side. Mike tamara just left the screening. I dont know if hes going to give the spoiler alert. Dont freak out. S p 50 headed to new records as we await final details of the tax plan on the quadruple friday, less than an hour to the closing bell. Lets start the countdown. Liz folks, i do just need to get you breaking news we are getting, we are now learning that a u. S. Judge says he will be releasing former Trump Campaign manager trump manafort from home confinement. Manafort has been indicted in the case whether trump colluded with russia. For now i want you to turn the attention for the lower
Out. A little bit of brinksmanship, or brinkmanship, i should say, as joe corrected me. Less is more there are a couple more brinks, a couple senators youve got to wonder about. Okay, then. What happens with Susan Collins, what happens with lee from utah, who said hes undecided lee who mike lee . Oh, mike lee. Who wanted got two first names its confusing i dont trust people with two first names. Do you yes, generally. You do . Yeah. I think its confusing. Well youve got three, youre fine. Ive got three, three names some people say andrew ross, two first names, even though no, im talking about when your last name is a first name. Chris christie . Theres a lot of them, bill george, ted david. I just made that one up. I dont really think there is a person by that name. All right, lets look at what else has been happening in the markets. The tenyear note, one weve been paying attention to, too. Earlier this week you saw the tenyear pushing above 2. 4 , but now were back below 2. 36 . A cou
And europes weak again, dax down for a fourth consecutive day and empire, our first december number comes in soft, raising eyebrows, a fivemonth low. Movement on tax plans, were awaiting this morning to see the combined conference bill and Details Behind which cuts and deductions survived. Plus the latest on disney and fox, including the bid the murdochs said no to. A busy morning f stocks on track to erase thursdays losses. Yesterdays worries about a setback were sparked by senator rubio saying hes a no vote unless the Child Tax Credit is expanded they are trying to find ways to pay for maybe that additional deductions, its going to cost 200 billion, perhaps they let some individual breaks expire here early well see. Its very interesting that the market went down and dow went down 70 points on worries about rubio, maybe Something Else or other senators now there really is great uncertainty and the market is going back up. The uncertainty right now is higher than it was when the market