Oil still trudging below 43. Our road map begins with chinas ripple effects across the global markets. Was a secretive News Conference enough to stop the bleeding. Retail sales are rebounding. Some major Retail Stocks falling hard. More pain to come in the sector. Two stocks sinking on secondary offerings. How should investigators make those moves . Futures lower. China allowing is currency to weaken against the dollar for a Third Straight day. Cutting about i 1. 1. The Third Straight day of cuts as applies to markets. You sat here yesterday and said you like the setups and you saw what the dollar was doing. People are going to think these are okay. The dollar is back to being strong. Oil challenging 42. Those stocks were integral to the turn. Interest rates kind of doing nothing. The earnings other than cisco. The retail earnings directly in contrast to the retail sales number. You put macys and kohls together, you have to wonder what nordstrom is going to say. Yesterday was perfect.
Seeing doolittle, we are lots of records yet again. Abigail we have green for the u. S. Major averages. We have more record highs to talk about. Nasdaq, s p 500, the all three averages are on pace to finish at record closes. Up six daysis now in a row. If it closes that way, it will be the longest daily winning streak since before brexit. A bit of a risk on trading today. As we look at currencies, there is confirmation of this risk on trading for the markets. We have the bloomberg dollar index up nicely. On pace for its birthday since the end of november. Best day since the end of november. The yen is on pace for its worst day since the end of november, trading at the lowest level since february. Taking a look at the commodity complex, oil is higher. On the week it is slightly lower. This follows last weeks massive gain, up more than 12 on that opec supply deal. We are wondering if we will see more declines after that initial pop. If we look at the bloomberg, and we look at this chart.
Exuberance lead to a flood of ipos. We will look at which companies go public. Very high profile names. Breaking this morning, Goldman Sachs executive has reportedly been offered a position in the Trump Administration. We have more on what that could mean not only for the Trump Administration but Goldman Sachs itself and the issues they may face. And president elect Donald Trumps team is starting to take shape. Larry kudlow will discuss whether the picks will bring that deregulation so many investors are now expecting. Speaking of which, lets start with the market new highs. Bertha coombs is in times square and bob pisani is behind us on the floor of the new york stock exchange. Ladies first today. Nasdaq all time highs stoked by small and mid caps since the election. Today it is really a big cap rally. We are seeing a little more love for the tech big caps like apple up nearly 2 . Alphabet is up more than 5 for the week. That is the best weekly gain it has seen since july of 2015. Not
Prediction, but by noon on sunday most of southeast wisconsin will have 35 of snow on the ground. While we wait for this weekends snow, our recent stretch of cold weather has been a economic boon for local ski hills including Little Switzerland in Washington County. Cbs 58s julie parise joins us live from little swiss in slinger with more. Julie . Were not expect snow until tomorrow. But you can see over my shoulder here that its already looking like a Winter Wonderland here in slinger. Take a look,. Theyve been making this snow since tuesday, so the hill here is already looking covered. Now that the pumping the snow out. The technology they use to make this stuff is advanced. There are 23 snow guns all over the hill blowing it out. Managers here can operate the amount of water and pressure from their cell phones. One of the managers tells me i think a lot of people think is real snow, uh is icey or tough to skn, i ot as nice as powder you have out west. Its great snow, its powertilled
Wisconsin. Including milwaukee. But the story will soon change from snow. To bitter cold. Meteorologist Michael Schlesinger is on the temperatures. Andy brovelli has us covered on road conditions, good morning guys. 3 . . . Quick 30 second wx tease 5 5 . . . forecast. Today. Partly sunny. Highs in the lower 20s. West winds 5 to 15 mph. Tonight. Colder. Partly cloudy in the evening then becoming mostly cloudy. Slight chance of light snow in the evening. Then scattered flurries in the late evening and early morning. Lows around 9. West winds 5 to 15 mph. Chance of snow 20 percent. Tuesday. Colder. Sunny. Night. Partly cloudy. Lows around 3. West winds 5 to 15 mph. Wednesday. Partly sunny. Highs around 10. West winds 10 to 20 mph. Wednesday night. Partly cloudy. Lows around 3 below. Thursday. Sunny. Highs around 6. 3 3 the snowy conditions caused . A lot of problems . Near the state border. Border. The Kenosha Department of public works says. There were about 100 people working this weeke