How the sector is shaping up for the condensed Holiday Season, already december 2nd why jack dorsey is planning to spend a big chunk of next year in africa. Well discuss it even if we know nothing about it never stops us no as we enter the first day of trading in december, stocks are looking to maintain the upward momentum following what was the best monthly performance since june the nasdaq was the top performer over the three major indices its november gain was 4. 5 , jim, as we head into 2020, amazingly as that is we have to look at the likes of apple and facebook and the incredible gains and some of the laggards in technology it is hard to imagine amazon is a laggard, it has been performing as has alphabet. I think people should watch jpmorgan and United Health which bottomed at the exact moment when the of senator warren hit its peak i continue to believe like you do, david, it is way too early one thing i would say, there is no reason for jpmorgan to be up where it is, given the
Big premarket moves on mixed results from cat, gm and mcdonalds. Global volatility, a common theme. Apple cut its spending forecast by about 1 billion. Well explain why. Qualcomm looking for 1 billion in cost cuts by trimming workforce by 15 . First up caterpillar shares taking a hit on a quarterly miss hurt in part by weakness in mining and construction in brazil and china. Cats lowering their full guidance. Doug oberhelman did talk about it. At some point, the economy will stabilize and business will pick up. It was too whose in 2012 and too slow right now. Somewhere in between is where we will be. Until that happens we have caught in this period where we have to hunker down and do everything internally day to day. Sales down in every region including north america. Oil and gas not helping. They lowered the revenue forecast for the year. They keep the adjusted eps forecast. He is a very nice man. Thats the key. He is a very nice man. You believe this is about him. Whats your main hea
Bobbi kristina has died. We will have much more on her troubled life in the public spotlight in just a moment. First, a deadly stabbing at a church in Frederick County maryland. South of frederick near sugar loaf mountain. Learning two people stabbed were a couple. One of them is dead. And we have knowledge that a suspect is in custody right now. We want to go straight to news 4s Darcy Spencer learning about the details of what exactly happened there. Darcy. Reporter ericka we just got an update from the fred wreck count from the Frederick County sheriff. A horrible story playing out in the county. A husband and wife both stabbed. The fortunate news is that a suspect is in custody. Lets go to video we shot a short time ago. To show you this was in a very remote area here in Frederick County. The facility is the anna Counseling Center part of the Korean Church as were told. Two victims stabbed. A man and a wife. That man was pronounced dead on the scene. His wife was flown to shock trau
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w