In 2020. The mcrib is back. We will give you the juicy details. The nasdaq and dow gained. Alphabet soared to a new record as we kick off the final months of this year do you keep with the big tech trade . What does that mean what he is getting himself into. James mcdonald, i want to say on the sides and behind the cameras, welcome i know we are thrilled to have you and cnbc is thrilled to have you. And i know melissa lee is tlo d thrilled to have you because i believe you both attended harvard. Maybe he didnt hear me. He said thank you a lot of stocks specifically google, has been carrying finerman for years but can these continue higher, yes. Although i am skeptical on the broader market, google has been steadfast. They had an amazing quarter, huge run post earnings so we said that night that despite the 12 or 13 move, the stock was probably cheaper then than in the past 24 hours. It is only trading 28 times next years number with a huge cash forward and probably 21 or 22 growth so t
Washingtons partisan battle. Joining us now is bloombergs chief content officer marty schenker. Many people thought this was an inspired choice. It ticks so many boxes. Just your sense of what this means for how washington is now going to operate. Martin i wouldnt describe it as necessarily inspired. It is an inspiring lee safe inspiringly safe choice because she is so wellknown on both sides of the aisle. I think she will have a relatively easy time getting confirmed. She is a traditionalist in many ways. She has been at the fed. Shes been at the white house. Shes a great believer in consensus. I think that is what you are going to need with the incoming treasury secretary. Alix nonetheless, it is the first woman treasury secretary, the first woman to lead the fed. This is definitely in that respect a boulder choice. However, how do the progressives feel about her . Marty i think they are very supportive. There is reporting out there that Elizabeth Warren was the person who recommende
Stuart the war is widening, israel has stepped up the targeting of hamas in gaza there have been on the ground raids beautiful land invasion has not started. President biden is trying to restrain israel from the Ground Invasion. Hezbollah and iranian proxy has fired more rockets and antitank missiles into northern israel that is looking more like a second front. Separately Fox Trey Yingst has been interviewing witnesses to october 7 attack there is video which we will not show you the atrocities. It was a deliberate massacre. On the market this morning, here is the news the ten year treasury moves above 5 . It is at 497, ten minutes ago it was a 501. It hit the 5 level. As for the two year that is well above 5 were looking at five tend to be precise. Plus the expanding were producing some stock selling this morning, the dow industrial done 140, nasdaq 1050. Here is a bright spot, bitcoin been well above 30000, 30600 to be precise, i thought the war would move oil up but now its around
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope
This year have seen unemployment dropped to the lowest levels in the history of their state, and i hate to tell you, but misery happens to be one of them but ms. Lori happens missouri happens to be one of them. [applause] mr. Trump we have created nearly 2 million jobs million jobs. Think of it. We used to lose millions, but now we have created since i won the election. I want to say since you won the election. I did not win the election. You won the election. We will create countless more if we can sustain the 3 growth rate we have achieved the past two quarters, but we will do much better than that. I used to say he could hit 4 , and we could hit 3 , and they were all saying forget it. It was 1. 2 , doing terribly. We were flat, even. In all fairness, the stock market was going this way, and now we are hitting numbers that nobody thought possible, certainly not at this time, and the numbers going up are going to be much better than anybody anticipates. In fact, they are going to say