Is the overall market. This is really helping. The dow industrial will open with a 500point gain. We were up 500 yesterday, youre up about 1100 points in 24 hours. The s p to the upside big time and the nasdaq up 76, it is a rally. Travel related going straight up as well, if there is a vaccine that works, people can take it and be safe on planes and cruise lines, we could get out and about more on a mass scale safely. Backtoschool might get help as well from the vaccine news. Hold on we are not done with big winners. Apple one a 14 billiondollar tax fight with europeans. They won, that stock is back almost, its at 394, 395 a share. Straight up this morning. Goldman sachs a big jump in profit, watch the stock grow. If the dow stock helping overall market. Your money is often running, we will have a grand old time following it for you. That is not all on the show, trump guy one in alabama beating Jeff Sessions while a wide margin. He will be on the show. Joe biden reveals his economic p
Ten year 182 road map begins with the record one for stocks dow set to try to climb above 28 k at the open. S p in the midst of the biggest longest rally in two years executive shakeup at tmobile as ive been reporting for months now, john ledger is set to step down as ceo. Next year. The shares are moving lower ahead of the open. Fedex versus the New York Times. Fred smith challenging the papers publisher to a debate after its expose alleging the ship giant paid no taxes in 2018. Next hour, an interview you wont want to miss snap Ceo Evan Spiegel joins us exclusively. Lets start with jim and his big week in san francisco. Jim, the guys on squawk just asking you how you got out there so quickly after the eagles game last night. Well, philadelphia too has red eyes and my eyes are red from crying because the we had a chance to be able to really seal our fate and we sold it already in the wrong way. You want to come out here during dream force. Everybody who is anybody does come out and i
Around. What it means for both disney and its ceo, bob iger. Plus keybank seeing an opportunity in one beaten down sector. Why investors should, quote, close their eyes and just buy utilities. That is coming up. But first, lets dig a little deeper and further into todays market action. As you can see, its generally negative, but we did see a little bit of slight positivity at one part today and the dow industrials down 0. 1 and well off the session lows and the s p 500 4303. At one point we were up five points for the s p and down 25 roughly at the lows so you can see it is toward the upper end of the dra day trading range and the nasdaq composite the laggard down onethird of 1 and 13,383 for the composite trade. The unrest in the middle east is carrying through for many key parts of the market and a couple in particular are standing up to the upside, crude oil prices and possible supply concerns in the middle east and thats leading to upside moves for oil and Gas Companies like hallib
Yields we continue to grow lower in stocks. And everything about the q4 playbook begins in the direction for yields. I do not see any fundamental catalyst in front of us for yields to fall. The last several days and certainly in the previous quarter, the equity market is telling you what the playbook should look like, and you think about utilities and in q3, they bolted down 10 , and its not about a safe haven. Utilities are down today alone, and high yielding sectors are not advantageous. The only area of the market i believe you could have a degree of confidence that while rates could stay higher for a sustainable amount of time is the mega caps. We go through the reasoning behind it, whether its the strength of the Balance Sheets or whatever it might be, and i believe a lot of it has to do with positioning. You have seen the nasdaq is slightly higher while the s p is down. Its not coming from financials. Look at financials and they are down two to 3 in the last five days, and target
For our economy over the past several years and persistent increases will only bode well for them. More notes on this puzzle that is facing fed officials over the contradiction between low unemployment and the lack of inflation, they will not get much help from this report, several districts reporting worker shortages on one hand, including atlanta and st. Louis reporting turning down business because they cannot find the necessary workers, but despite all that come a majority of districts reported limited wage pressures and modest to moderate wage growth. So, even though fed officials are facing this decision of whether or not to move Interest Rates up again for the end of the year, theyve been puzzling over the lack of more inflation. Scarlet the conundrum remains. Thank you so much. In two hours. Lose lets get a check on where stocks are trading right now. Abigail in the green. Not much of a reaction to that beige book report. Not much of a reaction to the news that President Trump