Cade it is like this big with pack man. You have a minigalago my best present was an hour off for a nap. We dont Exchange Gifts for the adults we dont either it is for the kids we do under 35 or under 25 exchange for the adults. I lost mine at davos a few years ago. My little fur hat. I got a new one of those with the flaps i remember yours was like really big like a russian style. Yes i lost it. He looks like a cool kid wearing it so cool brian williams, ill never forget, i was walking into 30 rock years ago wearing the hat he said, you know, they make those for men too. There you have it. Lets talk about the u. S. Equity futures this morning, if you think this is a quiet holiday week, you would be mistaken looking at big gains again dow futures indicated up by triple digits this morning after all three of the major averages set new records seems to be happening on a regular basis. Dow indicated up by 106 points s p futures up by over 10 points nasdaq up by 36 and the nasdaq closed ab
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making
In asia, the nikkei closed up by 1 . Shanghai was down about 0. 4 . Hang seng was up by 0. 6 . In europe, some of the early trading right now, it looks like the dax is up by 0. 6 . The cac and the ftse are flat. If youve been watching the tenyear note. We fell below 2. 4 on the tenyear yield. This morning that yield is at 2. 38 4 off the lows of yesterday. If you look at crude oil prices, crude down 11 for the month. Its up 42 cents today, sitting just above 48 at 48. 16. President trump will be taking aim at former president Barack Obamas Climate Change policy by signing an executive order on Energy Independence today. The order will seek to curb the federal governments enforcement of climate regulations and focus on protecting american drives. The move expected to get legal and political pushback. The monthly s p 500 caseshiller home price index comes out at 9 00 a. M. At 10 00, march Consumer Confidence. Several fed officials speaking today, including janet yellen on Work Force Deve
Overnight in asia, the markets in china, hong kong and taiwan all closed for dragon boat festival. And early trading in europe, also red arrows. The dax is the biggest decliner. Down 1. 25 the cac and ftsi boat down 1 . Wti down but still well above 50. And george soros front page this morning. A bearish soros is lured back to trading again. Getting back into the game. Soros recently directed a series of big bearish investments, semiing stocks and buying gold in shares of gold miners. And in an article he warns the falloff from ununwinding of chinese investments likely will have global implications. Soros is worried that continued inflation in china will hurt the u. S. And others. And he say s telling the jou if britain leaves it could unleash a general exodus and the disintegration of the European Union will become practically unavoidable. Soross best known trades of course he bet against the pound in 1992 in a trade that led to 1 billion in profits. We know what the markets done. Som
Composite. In europe some negative numbers. Dax is one of the losers for the major markets. Down by. 9 of a percent. Italy and spain seeing some losses. As joe mentioned if you look at crude oil youll see that crude Oil Yesterday actually managed to have a positive session. Up to 3. 26 . That was the november number. So it was november trading yesterday. It went up yesterday by over 3 . This morning giving back 1 . Whats the correlation . Market was down. The Financial Sector was down. 300 points. Real estate was up. 300 points in two days. Including friday. Monday and friday. Two sessions in a row. Not two straight days. Long weekend in between. Not long enough. Its never long enough. Especially with what we got going on. Its our top story of the morning, the first debate between Hillary Clinton and donald trump and it got off to a contentious start. We have no leadership. And honestly that starts with secretary clinton. All right you have two minutes on the same question to defend ta