To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its go
Ipo again. And what is the deal with netflix . Picking up a new sitcom to take on an old sitcom. Tuesday, september 17. Thats what it is today. You are watching Worldwide Exchange. It begins right now. Good morning. Welcome to Worldwide Exchange. Im in for brian this morning. Indicating the dow will open lower after snapping an eightday win streak you can see the dow jones is off by 27 the s p by 2 one bright spot, the Energy Sector that coming off its best day since january as we saw oil soar bond market showing some signs of activity. That 10year note yield dropping 2. 2 lets go worldwide in the asian trade. We did see movement here in japan. We are up flat but the hang seng up in the european trade, we are seeing a little bit of that with the dax off. And the cac by about. 02 as well following an attack on the two biggest Oil Facilities reporting that american intelligence says the strikes originated from tehran as President Trump says he is in no way ready to jump to a military res
Happy monday. Im melissa lee. The dow was down about 184 points at session lows. The nasdaq has turned positive thanks to strength from biotech names like regeneron. The worst performing sector, down by half a percent. Well have much more on the bank selloff straight ahead. Here is what else is happening this hour. Some news you heard exclusively here on cnbc, sources telling us bill gross has settle his lawsuit against his former employer pimco between 75 million and 100 million. The number around 81 million. Gross filed the original 200 million lawsuit back in 2015. His dismissal from pimco was a breach of contract. Amtrak derailment with no injuries reported. The investigation is widening into the terror attack in london. Uk police say there is no evidence the attacker discussed his plans with anyone else or any other group. Melissa . We have a very busy two hours ahead. We kick things off in washington where the Trump Administration is trying to turn the page following last weeks f
In our road map, time warner, 21st century fox and cbs reporting a mixed set of results. Tesla shares sharply higher despite a wider than expected loss. And groupon down almost 30 in the premarket on a trio of negative news. First, stocks looking to maintain upward momentum a day after the nasdaq 100 closes at that record high. Adp said the private sector added 182,000, trade deficit narrows in december to a sevenmonth low. Fed chair yellen set to testify on capitol hill in the next hour. Late yesterday at the deal book conference, Andrew Sorkin asked legendary investor stanley drunk drukenmiller for his view. Does that mean you are anticipating chaos and you have all this cash under your mattress . No, im flexible. Im playing around like everybody else. And im watching and leery and ready to move. I can see myself get very bearish. I cant see myself getting bullish. Talked a lot about the national debt, about the end game for qe. Karmazin this morning asked to respond to that saying h
Said, theas you statement is just in a few hours time. A daya day nominated dominated by earnings. We have the worlds biggest chemical company, check out the shares, down by 2. 7 . It took a big charge due to lower crude prices. , want to show you novartis that is down today. It also missed earnings estimates. Unit. E of revenue and the we also have the strength of the dollar hurting the value of global sales. Betty we had some of the worst performance here. Did we get better news for shareholders today . Mark soso. Help banks offload the debt and you would think that would be a good thing but look at the reaction in italy. This deal wont count because priced backing will be at market rates. Look at what is happening to the royal bank of scotland, one of the big recliners. A 3. 6 billion dollar hit to the value of its assets. More moneyng aside for past misconduct. What this does is overshadow the efforts to reinstate the dividends. Actuallyny hasnt given the dividend. Of course, that