Were red now across the board as we show you where the major averages are down. The s p down about 1. 5 . Josh, i turn to you. A lot of hurdles to get over were watching texas and florida. The banks are under pressure because of the regulations from the fed about dividends and buybacks you have the nike news with the big miss off its earnings. You have a Tall Mountain to climb today. Yeah, i agree with you. Theres a lot of stories swirling around right now and most arent feel good for stocks the big story is the virus and its resurgence. I think thats the only thing that matters to market right now. You see it in whats working and whats not sometimes things are complex right now things are simple. Dollar tree, costco, clorox all look outstanding now even the stocks that went vertical given those vertical moves they are hanging very high and thats really impressive. They are not even pulling back for a consolidation in any significant way. Look whats rolling over, exactly what you would
Josh, you said, we talked about this yesterday. Its at 84, up more than a 4 1 3 . When a mega cap name like a wart has a gap up open like this it doesnt slow down so easily. Think about the sheer amount of buying that it takes to get a stock like this of this size to do Something Like a 4. 3 gap and roll and again, this is a high we havent seen in this name since march of 2015. Thats 2 1 2 years of consolidation. Heres the president today meeting with Henry Kissinger at the white house moments ago. If you look over the last 25 years through numerous administrations, we were on a path to well get that tape squared away. The president does have a busy day meeting with Henry Kissinger at the white house. Hes lunching as well with secretaries tillerson and mattis, which should be interesting just given the back and forth over the last many days about mr. Tillersons future. The president also sparring lately with senator bob corker, once again this morning on twitter. So well be following a
Recession. And whether you hit the stores yesterday or not, plenty of people are out this morning. If you are planning on waking up early for your black friday sales, youre late. Step et up. Shoppers are expected to spend an average of 650 this weekend. Thats 11 1 more than last year. We have the chief merchandising officer at toys r us. Then well be joined from Tysons Corner, a huge mall in virginia. Bobby kotick will be join onning us on air. Electronic items are expected to be a big seller this year especially with the launch of the xbox and the new play station consoles. Coming up in the next hour, we have Terry Lundgren. And at 8 40 this morning, the ceo of Brooks Brothers. We have a packed line upof guests ready to giving us a look at the American Consumer. We start with dana telsey this morning. We have heard a lot of stories about some expecting disappointment, some maybe not great retail numbers. But what do you really think is going to happen this Holiday Season . I think its