Six basis points to 4. 9222. We do see the bloomberg dollar index down about zero point 1271 or 1272. Crude is down, to 89. 13. A down day to end the week. Jon staying on that theme, this general oil story has taken a bite out of a number of sector stocks, including the airlines, which are having their tough instructions 2021. We have seen some carriers talk about cautious outlooks in part because of jet fuel prices and names like american. The profit outlook from hewlettpackard enterprise is not inspiring investors. That name is down 5. 5 percent at this hour. Lets continue to track what is happening in the auto sector. We have headlines around General Motors. It has seen the most substantial uaw offer today. Where you could potentially see the majority of workers getting more than 40 per hour. We have to continue to see how things play out. A mixed performance right now. Stellantis is down. Gm is up zero point 1. 6 . Matt uaw is negotiating into each company has its own story. David
Bull and our own tesla bear ready to drop the gloves on where the stock is headed next. I had no idea he was bearish on tesla. Im melissa lee coming to you live from studio b at the nasdaq. We start off with Jerome Powells pivotal speech here at the new york economic club. The fed chair hinted hes ready to pause rate hikes for now, saying the committee is proceeding carefully. But at the same time, powell also kept the door open for a move in december and beyond. And he added that while recent inflation data has cooled, still too high. Stocks seem to mostly shrug off the chairmans comments, but they couldnt shake off the move in yields. The tenyear came within a hair, a whisper of 5 late in the day, and that triggered a slide into the close. The dow falling 250 points, while the s p and nasdaq dropped nearly 1 . Are investors turning away from the feds musings and mostly worried about yields, guy . Yields are driving everything. Rightly so. They should be. Im not suggesting im right. T
Shazam is this an Artificial Intelligence play . Were going to look. Whats to buy ahead of tax reform debate on whether Airline Stocks could be the big beneficiaries of any tax bill. But we do start with the story thats taken wall street, main street, any street, frankly, by storm, and that is bitcoin. Bitcoin futures popping in their first full day of trading on the cboe Cnbcs Bob Pisani joining us with that story. Bob, everybody is talking about it. It is and its finally happened the good thing is at least trading has happened and relatively orderly we passed 18,000, folks. Bitcoin futures opened 6 00 last night eastern time, 15,000, moved up very, very quickly. Here you see its over 18,000. So its been small, 3,600 contracts, figure the math here. 17,000 p 17,000, 18,000 about 60 million. Thats not a lot but its a start at least heres whats important. Lets go over what exactly a futures contract is, why this is so important first of all, its just agreement to buy or sell a commodity
The s. E. C. Halting trading on a Small Cap Stock called Crypto Company. We got a breakdown on what to look for when considering stocks that are taking advantage of bitcoin mania. There are the four bitcoin prices there. All four of them. All in the red today, by the way. After the bell today, we have stitchfix reporting its first earnings since going public were going to have a debate on whether this recent ipo is worth buying or not. We found a bull and a bear we could get the first Earnings Report of they list is always perhaps the volatile one. They already said what they think the numbers are go iing to be. Right. Looking forward to hearing from them later. Breaking news out of washington right now, as the house votes to pass the tax bill ylan mui with the latest. Reporter we saw House Republicans celebrating their victory here as they passed the tax bill out of their chamber. Members of leadership were literally patti inting each othn the back, shaking hands, hugging even paul ry
Unstoppable with his pitches all year can he knock it out of the park once again well find out first, its been a stellar year for the markets dow, s p, and nasdaq on pace for their best performance since 2013 check out wynn, up nearly 100 boeing, d. R. Horton, paypal, up 90 . Caterpillar, best buy, facebook all surging. These are a few of the stocks that have been smashing record after record all year. The question is simple tonight do you stick with these high fliers heading into the new year there are specific names that stand out. Wynn and best buy are two names ive loved for a long time i continue to like them. Best buy is more appealing to me now that wynn. Wynn has had an absolutely incredible run, 100 gains thats stock that steve wynn was in there and telling you, this is too cheap, im buying my own stock back now hes got 12 million shares of his own stock thats a guy who is committed and showed us the way. But is the valuation a little high if theres any missteps in macau, that