Road map begins with the global stock rally, tech futures pointing to a higher open ahead of the holiday. Ceo meg whitman saying she will step down early next year shes going to join us in a live exclusive and perhaps final interview in a few minutes. And President Trump weighin in on the at t time warner merger saying the deal is not good for the country. Stocks looking to continue their upward momentum, technology was tuesdays Top Performing sector along with apple. The first time thats happened since july of 2015 q guys i think its 25 times weve had the dow and s p and nasdaq 28 times set records on the same day surpassing the record we got back in 1995. Which just sort of shows you that the dips have been so shallow, that any time you get the three indexes rising this year, chances are they are going to be in new record territory. It was are the everything rally yesterday. After last weeks little backup in the indexes and high yield didnt open up any cracks, people felt lets try fo
Disney and merck are your dow leaders. We could get a deal this week for disney to buy much of foxs movies and tv assets a good day for some energy names like chesapeake, newfield and haliburton u. S. Employers posted fewer job openings nearly six million jobs were available and total hires rose 4. 4 prz. Brook Field Properties 14. 8 billion offer. Brookfield is considering a new offer. Ge announcing its Power Division will reduce count by 12,000 we begin this hour with bitcoin moving higher today after this weekends roll out of futures trading. Bob joining us with more important thing is its finally trading. Take a look at where the coin is right now. 17,000 area. The important thing weve got it out. This is the futures contract were talking about. Opening 15,000 its trading at a premium to the underlying cash. Not a lot of people are allowing it lets review what a futures contract is. What do we do when we get a futures contract its an agreement to buy or sell a commodity or financia
Nasdaq with. 46 i can do best sometimes but sometimes it isnt enough. This morning i saw action that was so destructive that i wanted to scream but i guess its only natural. This is earnings season and people cant resist making snap judgments. Snap judgments that lead to stupid decisions and losses. Let me share the obvious ones to show you how truly block headed earnings season can be. They might as well call it mistake season for all the ridiculous moves people are making. Im stopping it tonight. Jp morgan and wells fargo along with Johnson Johnson all reported today and the action in their stocks exhibited a level of lunacy. That suggests that people trading them were just totally clueless. Lets start with jp morgan. This was a truly magnificent quarter with 6 billion worth of profits. Yes, thats b. 6 billion including those no longer eaten up by legal bills, a sizable cut in branch expenses, a beautiful capital bill and an astounding 27 increase year over year. This was a staggerin
Down to 67 basis points today. Road map begins with the year of trump. One year since donald trump historic run, is there still room to run for the stock market rally that followed . A snap lifeline tencent posts a 10 stake. A snapchat redesign. A president ial warning to north korea, do not try us we will go live to beijing, the latest stop in the president s tour of asia it was the year ago today that donald trump was elected president , market history has been made with stocks constantly hitting record highs since the trump election, the nasdaq is up 30 and s p a 21 gain guys, if you look at first years of incoming president s, its third behind kennedy who had 26 his first year and bush 41 had 23 were going to look all morning long at the impact on m and a and how the tweet moved individual names. Its worth talking about. Lets get one thing straight, the rest of the world has been good too i dont want people to say if they hadnt been in america i do think theres an atmosphere that c
Ecb, comey, and the testimony, and the u. K. Election. Markets are less cautious in yesterday. We are seeing stocks rise for the first day in three. Most of these currencies falling against the dollar today. Sovereign bond yields rising. We will get to lots of corporate news. Opular,er, banco p santander agreeing to buy it for a nominal one euro after regulators determine that the lender was likely to fail. Santander raising about 7 Million Euros for a rights issue to bolster the balance sheet. The lender will require all of the stock shares resulting from the conversion of its imposing losses on the banks shareholders. The ecb will be the big event tomorrow. Today, according to people familiar with the matter, the ecb will cut its inflation forecast. The euro is little changed now. Tomorrow is the big one. This is our wonderful function, telling you everything you need to know about matters of the european union. These are the polls ahead of the election tomorrow. The majority believe