Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United States of course. But there is also a holiday going on in china, very different kind of holiday, made up of a shopping a made up shopping holiday i should say called single
For the year. 4 , at a 25 handle after saudi relaxed. The dollar index just below, weaker. In the afternoon u. S. Session, many currencies including sterling and the euro, weaker today. Deeper dive into the Market Action analysis,e equity bond market analysis, two year yield hit a record low, below 14 people flood 13. 8, into the shortterm markets, worried about the Economic Data like jobless claims. Flipside, a steepening of the yield curve. A lot of supply coming online on the long end to fund stimulus measures. Yield hit, to year the intraday record low. You mentioned the tax markets. Thes p 500 tax sector, first to turn positive yesterday for the year. I continued that continue to the day. 10 of theless than record highs going back to february, 2019. Tech continues to be the leader in this market. Individual stocks. As you focus on the latest trends, working from home, buying things online. Rising as people are buying thermal imaging systems, perhaps when people start to return to
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
What a day they are having with the latest from the president s visit in havana. We have a billionaire hospitality mogul to discuss whether he is eyeing that country as a place to expand. I hope he saw the News Conference with raul castro a short time ago. Speaking of News Conferences, breaking news out of washington. Donald trump is holding one of his own. Lets have a listen. Certainly should be careful with third party stuff. If trump gets it well start a third party. A third party means the democrats will win, almost certainly. You cant be that spiteful. You cant be that spiteful. Youll destroy the country. Third party would destroy the country. Im going to be ive already shown it to a lot of people and a lot of people like a little bit worried about which judges. I want a very were going to have a conservative, very good group of judges. Im going to submit a list of justices potential justices of the United States Supreme Court that i will appoint from the list. I wont go beyond th