Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal Reserve Shopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts on Hong Kong Related issues. Mornings with maria is live right now. Global markets look like this european indices highser with the up a third of the percent and paris up about 16 points also a third of the and dax is higher than 34 points twothirds of one percent. In asia across th
Welcome to fbn am im laurenen lauren. Good morning everybody im cheryl casone. Lets take a look at how your money is moving this morning the nasdaq closed at a record high yesterday the dow and s p 500 back in the green today dow up futures high per by 76 points. Nasdaq and s p futures higher as well and nasdaq by about 30 and a half taking a look at asia right now again as corona virus fierces way on markets we have red excuse me l green arrows at least in japan for hang seng and south korea and shanghai composite down of a quarter of a percent. Green on screen is europe gaining half a of one percent and london gaining three quarts of one percent. Cheryl our top story this morning it is a city showdown tonight 6, 0 contenders take debate stage in las vegas. The democrats expected to take aim at Mike Bloomberg who qualified at the very last minute. Lauren can he keep his poker face live with highlight it is from campaign trail. Griff,ing good morning. Good morning, lauren, and cheryl,
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Hour the major averages have been Holding Steady on light trading. It is a holiday shortened week the dow transport setting another record high. Oil moving big crude and brent crude. Apple shares taking a hit down more than 2 thats the biggest drag on the dow. Reports of iphone x sales are slowing. Mallinckrodt up. Intel down intel will lose the crown as the number one chip maker for the first time in 21 years to samsung. Amazon saying it had its biggest season ever. The echo dot the top selling product across the categories and many factors we begin with retail the day after christmas is one of the biggest for returns. Kate rodgers checking out all the deals in west nyack, new york reporter retailers definitely have something to cheer about. New data out from master card showing that retail sales from november 1 gs through Christmas Eve were up 5 that is the fastest pace since 2011 ecommerce grew by around 18 overall the National Retail Federation Said sales are set to be around 682 b
Technology. Julie hyman is with us to explain the markets. Lie we are seeing the biggest drop in maybe a little over a month, but that is because we are not seeing big drops. We are seeing small, incremental moves. Today, it is a matter of riskoff sentiment. Just to put the drop in perspective, we have got an interesting chart on the bloomberg. I do not know if we can call it up here we go. 500, the s phe s p fell at least 2 going back a decade. As you can see, it has become much less frequent. You see the magnitude of drops. We have not even had a drop in 2 , and it has been since last year since we have had a drop of 3 . Sell us have become much less common than any kind of magnitude. Lets go back to the semiconductors. Apple is cutting orders of the. Phone 8 and the iphone 8 the stock is down. 7 . All of the apple suppliers are trading lower. As for the earnings side of the equation, we have got the pressure as well. The staples of producing well, Phillip Morris is the worst within