Maria big show this morning, fox business dagen mcdowell, kings view asset chief Investment Officer scott martin is here and forbes media chairman, former republican president ial candidate, steve forbes. Market will not quit, futures pulling back, once again, what a month, we are coming off best performance since june, dagen. Dagen ive said this, Central Banks around the globe, markets have wind at the backs, if you look at fund manager cash levels plunge, the largest monthly drop in 3 years in the month of november, stock allocations have gotten higher, wall street journal writing about this this week and then the rolling 12month global total for Central Bank Purchase assets to hit 1 trillion, steve is cringing, steve is on fire that im talking about this, it is important to note that despite some of the negative news that weve gotten in the markets whether its about Capital Expenditures, weak Fourth Quarter forecast for the economy, you still have easy money around the world. Maria
We are going to bring you todays market moving news from around the world. Joining us from hong kong is yvonne man, from london, emma chandra, from washington, Kevin Cirilli, and Michael Mckee joins us in new york. In hong kong, chief executive carrie lam will hold her first public dialogue in response. To the protests yvonne man is response to in the protests. Yvonne man is outside the venue. What can we expect . About several hundred ,eople are out here, chanting not one less, referring to the five demands protesters have. Could bring some pictures of what it is looking like right now, about 150 people chosen from 20,000 applicants in the public to take part in this dialogue, the first is the public and with the government, a town hall style with the governing in the middle alongside carrie lam. They will be randomly picking people from the audience. They have three minutes to ask a question. We will not hear typical q a. They will ask a couple of questions first, and they government
Massive rescue efforts, hearing from victims and those rushing to help. Plus, upsetting Boris Johnsons plan. The new move from the uk Prime Minister following his second brexit defeat. New details in the College Admissions scandal. The latest allegations of paytoplay, what it means for the dozens of parents charged. Connell more on all the stories, fox Business Team coverage, top stories with gerri willis on the floor of the new york stock exchange. Edward lawrence in d. C. But gerri, with this rally in the markets we start to with you. Reporter global rally going on really started with the comments from the hong kong leader carrie lam, saying they would withdraw a bill that had sparked all kinds of protests in hong kong, calling for extradition of hong kong residents to face china, what wall street journal opaque justice system. She pulled away. Off to the races for stock markets across the globe. Facebook adding to the upside as well. Oil purchases for a second, settling up 4. 3 . An
Percentage point, up 71 points. Fox Business Team coverage. Gerri willis on floor of new york stock exchange. Phil flynn watching all action, Hillary Vaughn at u. S. Trade representatives office. Start with gerri. Reporter what a day for retail today. We had great reporting out there, two companies reporting, targets and lowes with really positive results, sending the dow up 241 points. The entire sector target, as you can see is up 20 today, after beating on both top and bottom lines. The company out with really, amazing results, raising its full year outlook. Lowes also having a dynamite quarter, up 10 as you can see right here. The company eps, coming at 2. 15 cents a share, versus two dollars. Very good news there. As you can see, these are companies that really appeal to people. Theyre discounters. Really have a lot of room to have broad appeal with americans. After the close today. We will get nordstrom. Estimates there, eps of 75 cents a share. Revenue estimate of 2. 93 billion.