Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I
Good morning and welcome to squawk alley. With me at post 9, jon fortt and brian sullivan. Welcome. . Thanks. Great to have you. Joining us as well, henry blodget. Good morning to you as welp. Great to be here. Our top story of course is january net yellin and the fed unanimously approving the first rate hike of the year, the second in the last year. This is the major averages cut early losses and continue to close in on dow 20,000. Henry, not eve an rate hike can stall this rally, but the question is whether were just borrowing from 2015 gains that the point. That is the question. I certainly hope things continue to go up. Its changing the mood, suddenly people are optimistic again, its wonderful, but stepping back, the fed is raising rates. That is generally not good long term for stock prices. And as weve talked about a lot over the last few years, stocks are very expensive on a historical basis. The defense for that is rates are super low. Now rates are going up. So the combination
To keep on. Showers in the forecast. Brighter conditions with sunny skies. Its tuesday 15th december. Our top story. A year on, we catch almost 11 Million People in london up with terrence. Hes no longer lonely and is even and parts of essex and hertfordshire will face tougher coronavirus making tiktok videos restrictions from midnight. With his new friends. It comes as the Health Secretary announced that a new strain of the virus had been identified. Meanwhile, the Hospitality Industry is warning that londons move into tier 3 will put thousands a slightly cooler day to day than ofjobs at risk. Tim muffett is at a restaurant yesterday, dry weather, sunshine, some showers especially in the west, in Central London this morning. And the winds will be a little bit lighter. The details in ten minutes. Tim, these are incredibly difficult times for many businesses . Its tuesday 15th december. Our top story. Almost 11 Million People in london thats right, many parts of england and parts of ess
Expected to hold steady at 7. 7 . You have a few economists who revised their predictions, moving them higher after yesterdays strong adp report. Forecasters at Goldman Sachs are now expecting a gain of 200,000 jobs. Credit suisse is calling for 185,000 nonfarm payrolls and the u. S. Equity futures are barely budging at this point. Theyre going to wait and see what happens at 8 po been right now, s p futures are unfractionally. This is coming after modest declines yesterday following two strong days of gains. And, of course, the other big economic story were talking about this morning is the fed. The markets were surprised by the minutes from the fomc meetings. The notes showing several policymakers would like to stop the feds Bond Buying Program before the end of the year, citing concerns about Financial Stability and the size of the Balance Sheet. The news prompting some to speculate about an early end to the Central Banks fouryear Stimulus Program and the threat of higher Interest R
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