Unrest in America Portland rorked by violent protest overnight. President trump trying to bring safety and security back to america cities announcing surge in federal Law Enforcement. Coming up at 7 30 a. M. Eastern this morning, former new York City Police commissioner ray kelly is here live. Market this is morning pointing to higher opening this morning earnings driving story take look dow futures right now, up 123 points and nasdaq up 98 and s p up 14 and a half. This after hopes of a new stimulus plan and optimism over Coronavirus Vaccine, fuel market yesterday. Dow industrials were up 165 points at the close yesterday. Nasdaq up 25 and s p 500 up 18. Play ball baseball openingday today the game without fans in attendance on this openingday 2020. Plus it is day four of a week long look at instagram stars today an detective that is blowing up online. Gaining popularity with destructive art. Mornings with maria is live right now. Global markets taking a look at thed s p up 40 points
Dow decline. Massive market selloff is where we begin this morning. Kevin koran and keith lewis join us now on todays down swing keith, the pullback were seeing right now, start of a larger correction how are you position organize how would you be suggesting investors position given the steep moves weve seen today first, good morning well, from our perspective, back in late january, we downgraded our nearterm Equity Outlook to neutral, and part of this happened before the coronavirus. Already we had stocks at a cycle high, the sentiment that was stretched and weve gone over six months without a normal correction you lay on the coronavirus, which provides for uncertainty, and we think the risk reward near term remains mixed. From our perspective, that means maybe bringing equity allocat n allocations that have run up a little bit back to target. Some of our more tactical portfolios last year we added a little bit of gold longer term, the bull market trend is intact, but when you shut do
Good friday morning. Welcome to squawk alley. With me at post 9, kelly evans and mike santoli. Good morning to both of you. Carl and jon have the day off. Join us today, Elevation Partners cofounder robert, tech and markets. We start with oir top toir, russian president Vladimir Putin responding to the Obama Administrations decision to expel Russian Diplomats and impose sanctions on two of the countrys intelligence agencies. Our john harwood is live in washington with the latest on that. John . Weve heard from president obama yesterday. We heard this morning from Vladimir Putin saying he was not going to engage in a tit for tat response. Now its up to president elect donald trump who conceded last night hes going to accept a u. S. Intelligence briefing on this issue which he has dismissed in the past. After he talks to them and i think theyre going to be overwhelmingly certain of their evidence, hes either got to come out and acknowledge that this did happen and that its a problem for
Many of them are getting an early holiday gift. Record highs today. Again, now for the down u dow, the s p, the russell, and the nasdaq their own record territory, many on a tear sense the election,as you know, and well look at which ones still have some room to run and which ones may have run their course at this point. Retail has been a big winner in this trump rally, but weve got someone who says amazon prime could still be a big threat to the sector. Well tell you which stocks are most at risk. Also, donald trump says that he spoke to apple ceo tim cook about a large tax cut that could motivate the Technology Giant to build a big plant here in the united states. We have the impact of mr. Trumps tax policy on jobs and Corporate America and their buyback pobltsd. Thats all coming up here. We begin with black friday. Weve got our reporters online. The frontlines all over the country. Courtney reagan at the Fairfield Commons mall in dayton, ohio. Morgan brennan is at a jc penney store
About, right . Probably most concerned about german policy makers. In other words, not the ones at the central bank. Its mario draghi saying to the european governments, its up to you. You have to take the ball here. Meanwhile, in the u. S. The deficit is down below 3 of the gdp. Well go into the crucial final hour of trade. The dow down 319 points. At the low it was down about 345. The s p down 38 points today. Weve taken out obviously yesterdays lows. Now at 1930 and change. The nasdaq composite is down almost 1. 9 . Thats down 2 1 3 . 1071. Weve also been watching oil which today closed at a twoyear low. The price of wti crude here in for delivery around 85 a barrel. Now i see it at 84. In the electronic trading it continues lower. You know from the electronic trading figures, the futures, that we can follow oil is in a bear market. Down 20 from its highs just this summer. So talking about that. Keeping an eye on Interest Rates. Lets get to it now in our closing bell exchange. Joini