Abigail a record once again. Enough to put both at record highs. The week is young. It is worth noting that the dow is on pace for its sixth weekly gain. Itll be interesting to see whether the record highs continue. The nasdaq is trading lower, confirmation between the s p 500 with the risk on scene that we are seeing in oil. The highest since july 2017. We have a two day chart of oil which shows massive gains. More than 5 . They did pledge to cut production more than previously agreed and nonopec members are saying they also are going to cut production. Some are talking about this as doing whatever it takes for oil. But oppenheimer is saying that 60 a barrel is the new normal for oil. Starks are rising today. Look at the oil and gas index up by 2. 5 percent. The stoxx 600 is down by a quarter of 1 . Biggest weeklyhe gain. A great status. Companies reached overbought levels last week. Energyhest level stocks are overbought for the First Time Since april 2015. That is the best performin
Happy thanksgiving. Thank you. Thank you very much. Thank you, youre great. Now, ill tell you what. Thank you very much. That was very nice and i appreciate it, but would you answer me something honestly . How many of you just stopped in here until the rush hour traffic dies down . [ laughter and applause ] jeez. Whoa. Have you seen it out there . Oh, murder. Its like a sinking ship, people are gettin outta town. Anyway, you should be careful. Its a fouy so dont peak too early. [ laughter ] well, its don johnsons brother. [ laughter ] whoo its my salute to the pilgrims, you know. [ laughter ] [ applause ] indians wouldve killed you. [ laughter ] look at that, cochise. Wow. Just got a report whats going on in the papers today. [ chuckling ] yesterday i guess it started, the, uh, the teflon presidency, um. [ laughter ] has started to turn to flypaper. Uh, did you i looked in the did you read the paper this morning . Yeah. And i see things like, special prosecutor. Laundered money. White
The euro area. The ceo of singapores commodity Trader Noble Group has quit. They have accepted the coceotion with replacements. Noble has plunged over the past you with questions about the company. Alliance trust received a theover approach from capital partner. Goal lines trust said no detailed terms of been provided by our i. T. And the camp by rit and there is no certainty that the transaction will take place. Mobile news powered by our journalist and news bureaus around the world. Dark it to close in the u. S. And u. K. , markets are closed in the u. S. And u. K. , but lets check in on markets opened, starting with european equity. The dax up there, the cac 40 posting gains as old. A couple of stocks moving on m a, so bayer gaining after the sunday times reported they may put forward as early as this week. And out gaining, this after they said they failed to reach an them. Ent to buy a surprise after speculation of a merger between the two companies. Moving on to currencies, it is
Nothing should get in the way of the things you love. Get americas fastest internet. Only from xfinity. Television. Lets get straight to the bloomberg first world words. Falling for the night stay in a row, its longest losing streak in a year. The dollar has strengthened against all of its major peers. This is after janet yellen said on friday that an Interest Rate increase is likely. Japanese shares rose, while chinese retreated. Bonds are closed worldwide monday. The yen has sunk to a one month low against the dollar and japanese shares are set for thei r highest close since may. Growth stalled in april, increasing the likelihood of a delay. European truck maters, including volvo, will face the biggest cut in european history. The penalty could be imposed within weeks. Thepaper reports that charges relate to ris pricefixing. Group. Has quit the thecompany has accepted resignation. Noble shares have plunged 60 in the last year, what questions about the Accounting Practices during the
Stocks on top of with Deutsche Bank and all of its ills, someone will rescue them, whether the German Government or consortium of players. Bottom line the optimism here someone comes in to stimulate, to rescue, to be a backstop to provide protection for capitalist institution might be in trouble. How many times we have seen this. I will not begrudge a rally. Well begrudge rallies if youre long the market. I do look at rationale behind this one presumably anytime there is stimulus, anytime the looks like the fed continues to provide easy monies or governments stand by beleaguered banks were off to the races. That is not a reason to be off to the races. A reason to start questioning why were off to the races. First to Connell Mcshane what is really going on this final trading day of the month. Connell . Hard to tell but oning thing we talk about the market and Deutsche Bank stock price is linked. Part of it as you say the bank eventually may be bailed out. There is also a lot out there t