The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Off of 11week highs in europe. Lets look at the action in the crude markets. Opec members have agreed to cut production. Wti down today 1. 2 . Brent down 1 . Taking a breather. Its been a torrid run in the oil market. U. S. Federal reserve will announce the latest Interest Rate decision. The fed expected to raise rates for the second time in ten years. Also expecting an updated economic and Interest Rate forecast. You can watch all of this, the full coverage of the fed announcement and Janet Yellens News Conference on cnbc. There are a few other key reports to watch today. Heres whats happening. 8 30 a. M. Eastern time, the Producer Price index and retail sales come out. At 9 15 a. M. , Industrial Production and business inventories for october. Thats at 10 00 a. M. Eastern time. Now lets talk a bit of politics. President elect trump will be holding a roundtable summit with Tech Industry leaders today. Among those expected to attend, the man who put this together, peter thiel, bet on t