small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. we ll have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. which is still to come let s start, though, with today s earnings parade that is driving big moves in the market. in various stocks. bob pisani joins us now with the highlights from this morning and we have a preview of what s still to come here tonight, bob. retailers coming, bill, but remember 75% done. still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. despite the hurricanes and the issues, they gave a terrific 2018 outlook that s why the stock is up almost 3%. move to the left, remember coach, well, it s now called tapestry, that i had a decent number here. the small beat, revenues were short. remember, now, they now own kate spade. so they re merging the company i would call t
today. nice to see you in person for a change. i think people are predisposed to think of you as bearish. why a bubble in the u.s.? why this feeling now? well, i think that we have to distinguish the different sectors in the u.s. the bubble is in the most popular stocks is making great companies. amazon, netflix, so forth, but they re highly priced and don t forget. october 99 to march 2000 the nasdaq 100 doubled and then it went down 70%. and navidia which is one of the millennial s favorite stock declined in 2000 to 2002 by 95%. after 2007 it declined by 88%. i think we are in a financial bubble, not only stocks but also bonds and we have this liquidity bubble. i would rather invest in europe than the u.s. and where the economy is improving. that s people think. in asia we have cheaper markets. if you look at the u.s. market compared to other markets, it is at the highest level ever. if i say improving economy in the u.s. that s what you say. i disagree. you don t
by a fraction of a percent crude oil, this is the one we ve been watching very, very closely. we have wti down by 1.6% brent it down by 1.5%. this is quite a rebound from the lows back in june. we are up by 12% from june 21st lows so staggering move in just a short amount of time weird. weird to see the dow so strong and the nasdaq so weak that s been happening more the nasdaq had been stronger on a relative basis then the rotation happened. i don t know what it means. maybe it s healthy this is scary and not healthy. maybe the meeting is good, but the reason for it frightening. the u.s. requesting an emergency u.n. security council meeting today after north korea tested an intercontinental ballistic missile. the missile could put all of alaska, so mainland i don t know if you call that mainland, but pretty close late yesterday the u.s. military said u.s. and south korean troops fired missiles into the waters off south korea in a show of force back that way apparent
in the past few minutes, thames valley police have confirmed the death of the singer george michael. his publicist said he passed away peacefully at home. the singer, who was 53, launched his career with wham in the 1980s and continued his success as a solo performer. south central ambulance service attended his home in goring in south oxfordshire. police say there were no suspicious circumstances. he was 53 and as many people will know he had launched his career with wham along with andrew ridgeley in the 19805 along with andrew ridgeley in the 1980s and went on to even greater success as a solo 1980s and went on to even greater success as a solo performer. he s often spoken quite widely of his relationship, rather difficult relationship, rather difficult relationship, with his father, saying he had to fight his demons. well we can speak now on the phone to the music critic for the daily telegraph, neil mccormick. hello, neil. hello. goodness, what news for christmas day! it
a whole lotta albums vinyl sales hit a 25 year high in the era of streaming and downloads. and coming up in the sport on bbc news, swansea city have apointed bayern munich‘s assistant coach paul clement as their new manager, succeeding bob bradley, who was sacked last week. good evening and welcome to the bbc news at six. britain s top diplomat to the european union has resigned. sir ivan rogers leaves hisjob just months before the government is due to kick off formal brexit talks. sir ivan found himself at the centre of a political storm recently when he told ministers a brexit deal could take up to ten years. leave campaigners accused him of being unduly pessimistic, while others said he was simply reporting sentiment in brussels. carole walker s in downing street. carole. thank you, well, sir ivan rogers resignation caught downing street and the foreign office by surprise. he was due to be our man at the eu until november to see through the first opening phase of thos