Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne
I have to start. Well break down the Holiday Retail rush as power lunch starts right now welcome to power lunch. Lets take a look at where we stand. Stocks are shrugging off the d. C. Drama as tyler mentioned. As tyler mentioned, its christmas crunch time, six days makes me nervous too lets check out some of the retailers hitting record highs today. Nike, best buy and target, hitting their highest levels ever were going to talk about some of those names as the hour goes on thank you very much wall street focused on washington today at least a little brit as the house begins to debate impeachment. A vote is expected to take place later this evening, and a man javers has more. You. See the action taking place down on capitol hill, on the other end of pennsylvania avenue from here at the white house, where it is all quiet in the west wing. In fact, surprisingly quiet, no indication of any particularly special meetings today no indication that the president is doing much of anything at all
Bolton and mike pompeo as folks who were complicit in these arrangements the testimony of Gordon Sondland had been widely anticipated because hes one of the only witnesses being called who has spoken directly with the president. There is uncertainty over how many times he spoke with the president , but hes someone who appears to have the president s thinking and now in his Opening Statement he will say that he believes there was a quid pro quo. Guys, back to you. Really quick, the times this morning also adding another layer that he kept the secretary of state mike pompeo perhaps more informed than we were previously led to believe. Any sign of that in the testimony that you have seen reporter the testimony itself is 19 pages long for his Opening Statement. So were still digging through it and, of course, well hear him deliver it in just a few minutes. But one thing we also do know is that he largely confirms the account of a state Department Aide who says he overheard Gordon Sondland
Giuliani reveals President Trumps personal lawyer was pursuing his own lucrative business deals as well as mr. Trumps agenda in ukraine. So how will that affect the relationship between President Trump and one of his closest allies those stories, plus travel nightmare. Hundreds of flights delayed and interstates closed we have the latest on the conditions for anyone still trying to get home into thin air. Authorities are still on the hunt for the brazen thieves who stole priceless jewels and royal treasures from a European Museum and vanished without a trace. And black friday begins. Some stores are rolling out deals right this minute, so get ready to start shopping, today, thursday, november 28th, 2019. Announcer from nbc news, this is today with Savannah Guthrie and hoda kotb, live from studio 1a in Rockefeller Plaza hey, we are here welcome to today. Thank you, everybody, for joining us it is thanksgiving morning. Happy thanksgiving i love waking up with you on this day. Im so glad
Germany down 1 . German Business Sentiment hits an eightyear low. And then watch our own 30 year falls below 210 overnight and everyone is going to be watching todays close. Lets get straight to the market, futures lower ahead of this mornings open, following a sharp selloff in the second consecutive monday Global Economic worries, falling yields continue to weigh on investor sentiment, driving toward safe haven. Gold now, the highest price in more than six years. The president tweeting a few moments ago through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars the u. S. Is receiving is a gift from china prices not up, no inflation, farmers getting more than china would be spending, fake news wont report what we will report that that core cpi 22 is the 17th month of plus 2 . There is a level of inflation in our country, but there is also, i think that when you see it, some of it is tariff but if youre a central banke