Federation tells cnbc we expect sales to hit the groups. 9 forecast. Good morning, everyone. Well, if you celebrated christmas, hope you had a fantastic break. For me, usually these breaks are way too short. Let me tell you how u. S. Futures are shaping up this morning. Were looking mixed as far as the dow, the nasdaq and the s p 500 are concerned. The dow hit another record high in yesterdays trading session. It was up for the sixth straight session and hitting record highs on a nominal basis for the sixth day in a row, as well. The s p 500 also ending at another record high. The dow up about 0. 75 and the s p 500 rising around 0. 5 . Remember, jobless claims falling by more than expected yesterday at a onemonth low. We have a rally in retail related stocks after we got a data about the Retail Shopping season. That was better than speexpecte. I want to show you how european markets are doing this morning. They are back online after they were closed for the Christmas Holiday for about
2012 and get this were on track for the best yearly gain percentage wise for the dow since 1996. There it is. Theres not a lot of volatility. Just a slow roll upward. A reminder for those listening in their car were at 117 points on the dow. 7 of 1 . Nasdaq up a. 25 . Home depot is adding to the dows strong performance. Without we can top that cant we . Oh, yes. If theres one stock that everybody is talk about on the floor is twitter. Its up big again. The shares are up more than 170 since the ipo just early november. Adding 3 today. 72 bucks a share. Of course we want to know if twitter can flying to a new high. It was up 6 at the peak. It was up to 74. 75. The volume weve traded 70 million shares of twitter. This is for a company that had a 10 million share floated in its ipo. Here on the floor were only doing 240 million shares. Thats only 20 of the total. If you say thats roughly more than a billion twitter a huge piece of whats happening in the market as the only reason why were o
Isnt being regulated in common carrier starting in the 70s under democrat and republican controlled fcc. They operated different than phone records. And it was under the chairman in the second clinton term where the pass was made to insulate the internet from common carriage. And so those types of communications were never regulated and didnt grow up from title two. They have always been out of title twos reach. That is what helped grow the internet we have today. And wireless broadband has been growing because it hasnt been burdened by the control style regulations. Host last word. Guest i think it is very clear what we are talking about is a telecommunications or transmission service. If we are going to protect in r Internet Users the only viable way is through broadband reclassification and that is what the fcc should move to do. Host craig aaron, do you agree with Robert Mcdowell that it is time to rewrite the Telecommunications Laws in the country . Guest i think we should go back
13year high, 3985. S p 500 closing at an alltime high. Unchartered territory there. With a gain of 7. 5 points, at 1798 on the standard poors. Dow and s p wrapped up the week at alltime highs. Euphoria continues here. Bob pisani, the dow closing in now on 16,000. Nice, round number. The s p also closing in on 1800, just two points shy. Historic highs, dow and s p and dow transports, mid caps at historic highs. New tech, high beta back in, Interest Rate sensitive back in, tapering sort of off the table, a lot of people feel for december, high beta names, new internet names all up strongly this week. Emerging market, Interest Rate sensitive groups. Interest rates flattened out in the latter part of the week. Countries that are emerging markets all did very well. Home builders, another Interest Rate sensitive group, did very well. Pawltey, kb, ryland. Biotech did well, gilead, bichlt ogen, names that have been moverers on the upside. Next week we anticipate the fmoc minutes from october m
Waking up in a hospital bed as coronavirus cases surge. For the 24th straight day the u. S. Recorded more than 100,000 new cases, more than 1,200 people died just yesterday. In california several counties are rolling back reopening as the states Positivity Rate spikes to 6. 1 . For more on this, lets begin with cnns rosa flores. How are things, rosa . Reporter what experts tell us is that we are going to see a dip in the numbers first, then a spike, and then a surge. But let me get to that in just a moment, because let me start with this. The u. S. Shattering its hospitalization records with more than 90,000 americans waking up this morning in a hospital room suffering from the coronavirus. That is a 35 increase in hospitalizations in just two weeks. Now when you look at the numbers overall, for the past 24 days, the United States has reported more than 100,000 cases. Now the cases yesterday that were reported, more than 110,000 cases. The number of deaths, more than 1,200. And that is