Right now. Well take more of yesterday today that is for sure. Welcome to fbn am and good morning im cheryl casone. Hey cheryl good morning everybody. Im lauren simonetti. Yeah well it is a great morning for your money investors gobbled up stocks yesterday. Also major indices were set to open at record high this is morning right now were a little bit to the downside. Back to change, though, the dow is down 12 s p up one and three quarters nasdaq down one and three quarters but the dow could if things turnaround hit a 100th record close today under President Trump. Thats unbelievable. Records indeed set yesterday, the s p 500 and nasdaq both hitting all time high as you can see on this screen. If youre keeping track, with the s p had its 24th record close of the year. The nasdaq had it 19th. All of these new highs are under President Trump. That tech heavy nasdaq led the way with 114th record close that was powered by technologying toes trade optimism there and s p is 10 4, dow hitting
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
By the Options Market is betting on the bounce for one home depot. We start with the big countdown. And no. Which one is that. Hold on its not the countdown until friday its not the countdown until christmas. I hear i hear sleighing bells. They mixed ut santa with the record we are 18 days away from the next round of tariffs kicking in we heard today from two retailers today with two different takes on the looming levies dollar tree tanking after cutting guidance due to what else, tariffs, among other things best buy, though, it soared. Raised the outlook saying the impact of the tariffs has been factored in and dealt with so really with all due respect to dickens it was the best of times. It was the worst of times. Its a tale, guy adami of two retailers. I see what you did there. What story are you buying. Would you rather almost. First of all, i find it welcome. Welcome to breyen welcome to brayen. He is playing hurt tonight if you listen to his voice. Its grim its grim. But youre he
Jose is the problem spot. Theres two crashes to tell you about southbound 101 where it connects the southbound 87, single vehicle crash blobbing the slow lane. Also northbound 101 just south of northbound 880 a twovehicle collision block the slow lane. This is the sunol grade problem we would you about he willer crash southbound 680 has traffic backed with up an earlier crash thats been cleared. But the new problem is westbound 84 where it transitions to southbound 680. And you can see heavy traffic on 84 through the Livermore Valley to to the sunol grade. Bay bridge toll plaza has been heavy because earlier stall on the bridge is cleared. But give yourself extra time to get through and get into the city. If you are driving san mateo bridge traffic looks pretty good. 6 01 now back to the desk. Thank you. New this morning after midnight, Oakland Police cleared out a protest by homeless activists outside city hall. Ktvu Cristina Rendon live in where the protesters are demanding the city
Dp lets say it gave a nice boost to the averages. Dow up, s p 500 up. 33 . Nasdaq up. 33 interesting synergy there, huh but as important as the Federal Reserve might be, can we just say that its not the only thing that matters there are a lost constraints on companies these days that have nothing to do with the fed and after hearing from apple and facebook after the bell, can you imagine these two Huge Companies tonight, you know what its head scratching i mean, theyre up weve got to devote more attention to a couple of things in particular i never really talked about on this show. We need to spend more time talking about the lack of time to consume all there is out there and we need to spend more time talking about the government, meaning the newfound menace of government when it comes to classic digitized now big business while facebook and apple both reported strong numbers i think the stocks should have been up much more than they are in after hours. Theyre good but i expected grea