I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
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
Military strength. And some signs of a not so roaring economy. Retail prices are dropping. U. S. Futures now pointing to more or less a mixed open. Shares of eli lilly are tumbling more than 5 in the free market, failing to receive fda approval for a new Rheumatoid Arthritis drug. Stocks are looking to bounce back after the dow and the s p ended the holiday shortened week with the worst day in three weeks. And retail sales slowed down for a second straight month. We have geopolitical concerns and the Vice President is sending north korea a message during his visit to south korea. While issues like that remain the president and i have great confidence that china will properly deal with north korea. But as President Trump made clear just a few short days ago, if china is unable to deal with north korea the United States and our allies will. Got the dollar today at a five month low versus the yen. People going for safety. We mentioned gold getting near within about 2 bucks almost of 1300.
Employment report. The bailout trail back in court. Bernanke, paulson, geithner expected to take the stand this week. A live report from washington. And bitcoin loses a fifth of its value over the weekend. Well explain why and what it can mean now for future of a controversial crypto currency. First up, shares of hewlettpackard jumping in the premarket. Confirming the company will split itself into two publicly traded companies. Services businesses take the name hewlettpackard enterprise. Davids going to have a live interview with hps chairman and Ceo Meg Whitman in moments from now. Well find out when this all began and why they couldnt have done this a few years ago. A lot more detail. You know, carl, for broader takeaways here, it is interesting focus on of course following announcement from ebay last week, and you know connection between these two companies, john donohoe taken over from meg whitman as ceo at ebay. And also in the interview i did with him last week, citing so many o
Whitman, after posting better than expected quarterly revenues, of course, driven by strong numbers amidst personal systems group, including sales of pcs and the like. A mixed picture for the rest of the businesses, but a lot to get to. Bank of america, though, you can lose sight, jim, of the numbers themselves, almost 17 billion. We talked about this, speculated on for so long. Ranked up as one of the worst deals of all time. 17 billion on 4 billion. By the way, almost have they paid . I dont know how much you attribute seoully to countrywide and accusation of merrill as well. Its a mortgage machine i reported on. Years and in house of cards documentary on it, a book i wrote, that was going on for years in which, of course, you had borrowers not qualitied put in loans, packaged up, sold, and made into c degredos, and now, years later, seven, eight years later, we are seeing some of the settlements. I think they made a decision at bank of america. I think there was a faction that just