Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
Bitcoin once again now a major u. S. Asset manager taking a closer look. And a brick and mortar bust. New black friday data could signal a major win for amazon, target and walmart its monday, november 30th, 2020, and youre watching Worldwide Exchange on cnbc good morning, everyone hope you had a wonderful Holiday Weekend. Im seema mody in for Brian Sullivan stock futures right now on this monday a somewhat mixed open the s p lower by 12. Dow jones lower by 153 and the nasdaq turning negative down just about two points. This coming amid whats been a record month for november. The dow is up 12. 8 . The s p 500 talking with the dow on track for its best month since january of 1987. The s p and nasdaq both coming off record closes friday and up more than 11 this month on track for their best month since april. But the s p 500, this isnt the first time weve seen a record on track for his 26th record close this year. The nasdaq at 45 as hopes for a vaccine continue to grow but lets not keep
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac