Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in
Speak to consumers, expected to spend a whopping 7. 4 billion today according to a dopey analytics. Jackie deangelis joins us from a mall and edison, new jersey. What is it look like right now . Well, its starting to heat up. Behind me, macys was open from 5 00 p. M. Last night in the mall is just opening inside in the concourse now so you can see h and m is still closed the people are lining up outside. Down here we have an Urban Outfitters with people getting ready to go in as well and as you said the projection is for over 7 billion this year hoping to set new records last year black friday spending was about 6. 2 billion. The average consumer that comes out today is expected to spend about 400, but the question is, is at the same kind of black friday we are used to to maybe five years ago or 10 years ago . People would line up and storm the stores for deals. You can get a lot of deals online in the deals in the stores, the discounts have been active pretty much all this week. From
Halftime report starts now. Just because were not up or down a thousand points of the dow does not mean the markets are calm in fact, the dow has been up and down tripledigits today now right now we are holding on to the strong gains, but with three hours to go, you never know what could happen risk also coming off just a bit as stocks rise volatility gauges are falling but the vix still above 20 match. Com soaring the dating site which oend owns tinder as more people sign up chipotle down and comp sales missing targets and it expects the decline to continue toward the middle of the year and wynn resorts and michael kors an and hasbro rallying and wynn, get to that story soon. Im Tyler Mathisen breaking news out of washington, Senate Leaders have announced a longterm budget deal. Kayla is on the hill with details. This is a deal in discussion since this fall. But earlier today just a few minutes ago leadership from each party in the senate took to the floor to announce they had resolve
Lets check where stocks are trading with Abigail Doolittle. It looks at we have a direction for a change. Small gainsittle for the three major averages the dow, the s p 500, and the s p 500, after trading in a muddled fashion earlier this morning, mixed up and down, we now have small gains for all three of the images. The s p 500 on pace for a second day higher, and the dow on pace to snap a fiveday losing streak. A little bit of bullishness ahead of the health care vote. Investors are waiting to see if that goes through. If it does, he could be perceived as bullish because it could allow the Trump Administration to move fall for forward with fiscal stimulus. It is a dent on the health care stocks. Centene down a bunch. Hospitals stand to lose the most. We have seen this stock down the most, perhaps suggesting investors think the vote will be passed today. Molina health care, with more of a focus on medicaid, also has more to lose, as opposed to humana, which has less exposure accordin
Lets check where stocks are trading with Abigail Doolittle. It looks at we have a direction for a change. Small gainsittle for the three major averages the dow, the s p 500, and the s p 500, after trading in a muddled fashion earlier this morning, mixed up and down, we now have small gains for all three of the images. The s p 500 on pace for a second day higher, and the dow on pace to snap a fiveday losing streak. A little bit of bullishness ahead of the health care vote. Investors are waiting to see if that goes through. If it does, he could be perceived as bullish because it could allow the Trump Administration to move fall for forward with fiscal stimulus. It is a dent on the health care stocks. Centene down a bunch. Hospitals stand to lose the most. We have seen this stock down the most, perhaps suggesting investors think the vote will be passed today. Molina health care, with more of a focus on medicaid, also has more to lose, as opposed to humana, which has less exposure accordin