credit. he was there. the economy has done well. the stock market has done well, and it s probably going to continue to, so we don t know exactly how much credit he deserves. we can be sure it s not as much as he claims. all right, ken, thank you so much. thank you. so will the dow hit a new all-time high of 25,000 today? let s take a look, cnn s alison kosik is with us. looks like stocks are in the red so it s going away for the 25,000 mark for the dow. you look at the numbers. we have seen more than 80 record highs for the dow just this year. we are seeing this pause today and we are seeing apple shares move lower, so that s bringing the index, the dow into the red before the market opens, and
retailers have been the one spot i have been watching here. minnesota. your fault. they are worried about the border adjustment tax. the national retail board, they are saying 50% higher prices for americans if this goes through? yeah, and other things happening in the retail sector, not a great holiday. there s a big amazon walmart push that has been happening, and the retailers have been seeing a run here, and it s remarkable and crazy just to see it. it reminds me what warren buffett says, you can t time the market and don t try to predict when the bull market will end. he is bull issish, and he say index funds, keep your fees down. don t do what i do. that s what he said. yeah, and like trading on the set. the market opens, and boom. christine romans, thank you very much. still to come, lawmakers
happy black friday. let s get an early start on your money. the stock market in the middle of the bull run. futures up this morning. if the gains hold in the market opens, you will see a new record high from the dow and s&p. the weekend starts early this black friday. market closes at 1:00 p.m. eastern. the rich are winning the global economic recovery. according to the economic study for development cooperation. the poor were hit hardest. the recovery left them behind. incomes at the top grew five times more than the bottom 10%. nordstrom, costco, macy s have the best return policies of 50 major retailers. tis the season for stress.
the decision until december. that is when the u.s. federal reserve meets to discuss interest rates. corporate earnings in the mix. we get results before the bell from general electric, mcdonald s and regional banks. microsoft is about to party like it s 1999. shares jumping 6% in pre-market trading after the company released a strong earnings report. sales of the cloud platform have doubled. that could push microsoft above $60 a share once the market opens. that would break the high set back in 1999 during the dot-com boom. home sales rebounding in september after the two-month slide thanks for first time home buyers. existi existing home sales increased 2.6%. the most encouraging number in all of this, 34% of sales in september were first time home buyers.
best performing economy in the world. any good news on the job data may help to ease some investors investors concerns about the outlook for u.s. nevertheless, remain concerns about how the you look for china could be imported into the u.s. so that will remain a concern but good data would help to bolster the market sentiment i believe. people crossing their fingers, i m sure. for more on the turmoil in the markets, joined by forbes.com contributor gordon chang, author of the coming collapse of china. good to see you again. you were here when we watched the closing of the bell and market. mary mentioned they won t have the same rule in place in china when their market opens. that s right, the circuit breaker will no longer apply. the chinese government is probably going to use the national team. state enterprises, large brokerages will probably be in