A second strong month of new home sales. Withng at very small moves the three major averages. They had been slightly negative on the day. , wes p 500 and the nasdaq are already looking at alltime highs similar to what we saw on friday. Pretty remarkable, the record highs we are seeing. A piece of it is retail. We have started the allimportant 2017 Holiday Shopping season. It isports are suggesting off to a very strong start with black friday, cyber monday and the weekend. On friday,n surged up for its fourth day in a row, amazon is expected to clean up 50 of the cyber monday sales. Investors are cheering that. The gap is up 2. 4 and nordstrom had been up moderating that, but again, early reports suggest that Holiday Shopping 2017 off to a very strong start. The best in years. We have the small movers. When we look at the other asset classes, not really a risk on day. The yen is rising against the dollar. Interestingly, oil and copper considered to be growth year aspects of the commodit
Aside at googles parent alphabet. Period of17 year long his Senior Leadership. Betty it seems like everybody is trying to ram and all the news before the christmas holidays. Catalonia, google, and of course the spending bill passing the house. All of that and stocks today rose, breaking the today losing streak. We will quickly pull up the boards and show you how the u. S. Markets ended today. The s p 500 slightly higher, and nasdaq also trading a little bit to the upside, but fairly unchanged. Investors trying to absorb what the impact is going to be from the tax reform package. Yvonne yes, just a moderate bounceback. We see some positives as we get closer to the christmas holiday. Lets look at asia, said to track the gains set to track the gains we saw on wall street. New zealand up. And we are Holding Steady. Australia, getting underway in sydney. 6100, it could be a big we will see if it reaches that level. 7702 for the aussie. Treasuries mixed overnight, the curve sharply flatter.
Micron, qualcomm, all following. These have been some of the hottest trades of the year is this the beginning of a bigger pullback or should you buy this dip dan . Its a tough one. Obviously we had microns earnings a week and a half ago they beat and got higher they were talking about nand pricing and dram this is a headwind for apples margins, theyre a big customer of apple for me, you have to think about this apple announcement, we see this every quarter whether its hush hush, whisper whisper, theyre not going to have the builds they did on this high end phone thats going to possibly affect their asps. Last quarter expectations were not particularly high because people knew the iphone x would be pushed out later into the calendar q4 and all of a sudden they gave this massive guide for units in this quarter, 85 million. I think at the end of the day you have a stock trading at 170, i think back then it was 160 if they were to come in line and guide, you know, down a little bit, i dont
Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
Literally lining up to pay their 2018 property taxes. Are we in there somewhere . Do you hear christie made moves today. Did he . He did. In his last couple of days in office yes, apparently well tell you whats going on with that and whether its worth it to pay your property taxes ahead of time because of the tax bill thatll be very interesting. But lets start with how companies are going to be impacted by this tax law, number of corporations have released the impact that they will see, Morgan Brennan has going through those filings, she joins us now with the latest details, morgan. Yeah, thats right, bill, finally getting some hard numbers regarding tax reform or at least i should say the Immediate Impact of tax reforms. Companies readjust their Balance Sheets among the immediate or near term winners which expects the bottom line boost of at least 250 million in the forth quarter, german auto makers expect to see net profit wind falls for 2017, they did add it couldnt quantify the tax