Dow gaining 89 poingtds. S p gaining 0. 75. Nasdaq up 0. 89 . With the rally being led by tech and oil, i would say the answer is a resounding yes what do i mean by both fang and fang . Suddenly there are two of them . Where did that come from . Okay. You know my original acronym for facebook, amazon, netflix and google, which is now alphabet. But whats the other fang . Thats the growth oiling, diamond energy, which trades on the symbol fang. The company is growing its production with a 30 clip. With the price of oil charging back up to 48 bucks on word that russia is willing to freeze production, this growth oil stock is about as exciting relative to the other Natural Resource plays as fang is to the rest of tech. The story of two fangs. Lets back up a little. Whats really driving this phase of the trump rally . In the first phase, we had a visceral rebound in the banks because whatever your political leanings, theres no deny the Hillary Clinton win, which nearly everyone expected, wo
What do i mean by both fang and fang . Suddenly there are two of them . Where did that come from . Okay. You know my original acronym for facebook, amazon, netflix and google, which is now alphabet. But whats the other fang . Thats the growth oil stock, Diamondback Energy, which trades under the symbol fang. Diamondback is rooted in the colossal Permian Basin formation, and the company is growing its production with a 30 clip. With the price of oil charging back u 4 russia is willing to freeze production, something thats integral to getting crude to go higher, this growth oil stock is about as exciting relative to the other Natural Resource plays as fang is to the rest of tech. The story of two fangs. Lets back up a little, go over whats really driving this phase of the trump rally. In the first phase immediately upon trumps unlikely victory, we had a visceral rebound in the banks because whatever your political leanings, theres no denying that a Hillary Clinton win, which nearly every
Welcome to squawk alley. Im jon fortt. With me, sara eisen and melissa lee. Karla and kayla have the morning off. Welcome. To our top story this black friday, the trump rally rolling on this morning, the dow, s p 500, and small cap russell 2000 hitting highs, the averages set for their Third Straight week of gains. Just up fractionally, but were in record territory so they continue to push higher. Not all sectors have joined equally in the rally, but still impressive. And perhaps a good sign that as the shopping season kicks off theyre continuing to at least make new highs. Within todays market action, its interesting that the utilities are doing very well in todays session, and its really the standout in terms of leadership. You have to wonder, well, why is that, why are people feeling the need to go for safety the day before this weekend. Granted its light volume. Were also seeing interestingly in germany, the twoyear yield on the bund is at its record low. Minus 0. 76 . So also a bi
Prepared is the market for a hike . Financials are the only sector still in the red so far this year. Were going to talk to barclays banking analyst about where theres some opportunity. And our new Digital Series binge launches today. We talk to marquee names in the world of media for an inside look at whats driving our binge culture. Well give you an inside look at what to expect. First up investors focused on speech today set for fed chair janet yell. How the future impact Interest Rate decisions if you listen to some today maybe the chop in the data doesnt necessarily dissuade them from a june move. No, not one month at least doesnt dissuade them. I think the question has to arise exactly how much more data are we going to get before the july meeting that would actually give you assurance that it isnt the beginning of a trend. The fact that markets took it in stride relatively speaking, at least the stock market really just held in there, buying panic and treasuries of course. They
Chicago, illinois, is home to bentleys corner barkery, a natural petsupply store started by lisa and Giovanni Senafe in 2008. Lisa how many do they need . Just one . Giovanni never a dull day at the barkery, at least for now. Lemonis after losing a pet to illness and convinced it was related to diet, lisa was inspired to open a store and carry food made with healthy ingredients. The concept caught on, and sales surged, and within a few short years, lisa and giovanni expanded aggressively too aggressively. With seven stores open, over half of them are losing money. I love the concept of Healthy Products for pets, and the petsupply industry generates over 16 billion a year. With the right process in place, i feel confident we can fix this broken chain. Im headed to bentleys corner barkery in the Arlington Heights neighborhood, a suburb of chicago. This is the flagship store, and im eager to see the model they have in place. Vic how you doing . Lemonis how are you . Im marcus. Nice to mee