Boeing ceo and tour the boeing plant, a rollout for the companys new airline they are debuting. He is facing several questions about his Previous Campaign relationships with russia, off a Fiery Press Conference we saw yesterday at the white house. We are minutes away from his weekly address as the administration looks to turn the page and again to execute some of their policy agenda within the new congress. Vonnie we will be hearing from Mitch Mcconnell in the next little while, he will do a wrapup of what is been accomplished over the last month, what will he concentrate on . Kevin he will look ahead, this is one of the first things on the todo list by congress, rolling back parts of the Affordable Care act, in addition, they are beginning to lay the groundwork for tax reform and a point of contention among republicans is that order adjustment tax which retailer groups and retailer industries have opposed. There is growing dissent within the Republican Caucus on opposition to that. Se
Producers about a planned output cut. Wti has fallen under 50 a barrel. Right now 49. 43. As for stocks to watch, chep ch chipotles Third Quarter profit falling. The samestore sales fell nearly 22 , worse than expected. They have forecast sales to rise in the high Single Digits in 2017. Panera breads Third Quarter results beating forecast. They were helped by price increases on its menu and it is raising the fullyear outlook. That stock seeing a nice pop. Pandoras Third Quarter earnings falling short of estimates. They are also cutting the fullyear guidance as the number of active listeners fall and costs rise. Akamai rising 6 beating forecasts. The company, which helps speed up the delivery of content over the internet was helped by Strong Demand for its Cloud Security products. Pandora, whats the problem . Apple . I dont know if its apple, i think its more of a spotify thing. Spotify is doing well . Its just a fraction just split up now. Its a tiny thing. What are people using . Do y
Growth has picked up slightly this month. Asia is back in the black lit to cheap fuel. D by whats going on in the broader region . Lets find out more. Asian stocks are gaining. Gain, another day of gains thats after four weeks of losses. Asian stocks have been on a tear, getting cues from the u. S. As we saw record highs there. The u. S. Is closed on the holidays for thanksgiving. The nikkei is up. 6 . Data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling. 4 . Seven days of consecutive gains and now near overbought territory on the rsi. The asx 200 of. 4 and data from new zealand showing the trade data narrowed. The kospi, not a lot of movement but remember its been a very brutal last few sessions for emerging markets. We will see how they trade throughout the day. Malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. Lets get a check of the dxy. It is surging after taking up
Meantime, a war of words on cnbc between j. P. Morgan head jaime diamond. Tell you whats behind that controversy thats been brewing for a while. After the bell, wilfred frost has an interview with bank of america ceo, Brian Moynihan. Stay tuned for that. Look forward to that very much. Now, the retail pain. Shares of coal sinking again. The hard times for traditional retailers might not be over anytime soon as amazon continues to outperform. They were out yesterday with a note reiterating the preaddition that amazon could become the top clothing Retailer Next year, 2017. How big of a threat is amazon to traditional retail . Lets bring in stacy and cou Courtney Reagan. We are getting horrible numbers from macys and kohls and others. Is everybody migrating to Online Shopping right now . You know, i dont think its just that simple here. Everybody is blaming amazon and saying, all of a sudden, what is changed . Amazon has been around for a while. The numbers are getting worse. Macys traffi
Stocks the dow and s p are on pace for their best week since march. Were going to close out the month on tuesday. Were going to Start Talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. But at the same time we have groups that have come alive. This tech rally is very real. It is broad based. Its chips. Its software. Its high growth. Its cloud. The bank rally is in its infancy. As we get closer to a rate hike, which i think we will get given the fact that these fed heads of carpet bombed us with the two to three, that bank group can get stronger. Net interest margin will go higher. Its very undervalued and i think it works. So right now and im not saying im sanguine because if we get a really weak employment number thats bad. Because theyll tighten into a weak employment number, but i like it. Were not focused on china as much. Oils reached a level where we dont have to worry about banks g