Plan enters a crucial week. Can the president get a policy win before the year is out . 4 00 a. M. T 00 a. M. , if you are in london. I am tracy alloway. We are at the start of another trading week here in the uae. Let us take a look at how u. S. Markets closed on friday. It was not a bad day for u. S. Equities. With the spx closing up about five points, helped by u. S. Retailers. It was black friday in the u. S. We saw the Retail Stocks push the index up, including macys. Macys is the sixth best performer i on friday. Amazon was the second best. Let us talk about the dollar because the dollar continues to slide. Since been sliding wednesday, now at its lowest level since eight weeks. He opposite story for the euro the euro now at the strongest in about two months. It looks like germany might be able to get past the political impact we were discussing last week. Fascinating moves. Here are some other Asset Classes we have been having our eyes on. Take a look at u. S. 10 year. 34, modes
Opec meeting, psych cyber monday today. The benchmark yield around 2. 33. Our road map begins with the holiday return of the consumer black friday sales topped 5 billion. Cyber monday expected to set online records. Retailers are in the spotlight. Futures flat ahead of the first full trading day ahead of thanksgiving. And the Koch Brothers making a big bet on magazines, backing a meredith bid to buy time inc. Adob bee analysts expects consumers to spend 6. 6 billion this cyber monday. That would be up more than 16 from a year ago and bigger number than the 5 billion adobe says was spent online on friday. We talked about colder weather, and lean er inconvenienventorie reports that in store traffic was down maybe a percent, maybe a little more, but not dramatically. Thats a good test of exactly how low expectations had been for basically physical scores. They dont look like they will broadly give back the pop they had on friday. So many things working in the background in favor of having
Heading our way in an hour and crude inventories not long after that new record at the open but the selloff for tech stocks continues to weigh on the nasdaq and s p. Jack ma, the push to brick and mortar and why jeff bezos struggled in the Chinese Market. A turning point for snap, a key 2018 outlook upgrade shares are up in the premarket. Futures are pointing to a higher open after the record setting day for the dow and s p offset by the sell offin Technology Microsoft and amazon had the biggest impact on the nasdaq and optimism surrounding tax reform. We did manage to get the vote in the house to go to conference with a little bit of drama last night. Jim, you said the reversal yesterday, doesnt bode well well, look, i was doing my show and you posted a little squib about reversal and i did not realize how serious reversal was obviously its more serious for the but i find reversals catch people out of position when youre out of position, you scramble and start reaching for things you
Terranova. He plays a great guitar . Its called the mr. Wonderful. Its built by fender i was a shareholder in fender for years and i made no money. Joe, was he actually playing the guitar he was. This wasnt a milli vanilli situation . No. No billy gibbons, the zz top guy, who im in awe of as a rocker tweeted me and said hey, hey, not bad, but youre leaving a little on the e chord. Hes an investor he watches cnbc. This is good. Joe, were excited to have you. Thank you for getting up early on a holiday week. The last day of trading for 2017 lets tell you where u. S. Equity futures are. Theyve been negative throughout the morning. S p is the only average that would open in positive territory if it were to open up now, up by 3 points overnight in asia, final trading night of the year has come and gone largely mixed. The nikkei slightly negative hong kong positive as well as shanghai 2017 finished off with a gain of nearly 20 for the nikkei. Look at that 19 year to date look at crude. Weve
Freely u. N. Trade more and u. N. Falls against the dollar. An interesting shift in the market. David they dont have to worry out it like they did. Breaking news. Continental is in talks with advisers saying it is going to explore a possible holding structure. This could be the biggest overhaul ever for this very large Auto Component maker. Tos appears to be an attempt break it up so the individual parts of the company could trade separately. They be some of the tire manufacturer could rise on the news and it is tied perhaps to the move to Autonomous Vehicles and the electric vehicles. Ag will be exploring a holding structure. Alix those are the super fancy tires. David they are very nice tires. Time for the morning brief. At 10 00 this morning Minneapolis Federal reserve chair Neel Kashkari ways in from minnesota. President trump meets with bipartisan members of the senate on immigration issues. At 1 00 tonight states auctions 24 billion in threeyear notes. Alix heres emma chandra. Th