3 here. Overnight in asia, the nikkei hit and held 16,000 for the first time in six years and then hong kong and europe are closed. Happy boxing day, by the way. Our road map begins with the markets. Today looks to be yet another record day for stocks. All the major indices set to open in positive territory. Plus, call it a shipping nightmare. Thousands of packages were missing on Christmas Morning after ups and fedex reported extraordinary delays because of hive demand at the last minute. And what does history tell us about Market Strategy for 2014 . Your play book ahead in just a few minutes. First up, though, stocks poised to open higher after coming off of record closings on tuesday. A gain today would be its sixth straight, something it has not done since a tenday winning streak in march. Of all days on the calendar, the s p is likely to be up today, 79 of the time since 1945. This is the start of the official santa claus rally, isnt it . On average a gain of 1. 6 . So last five o
Well be hearing from Tjx Companies and after the closing Bell Jcpenney will be reporting its numbers. Its been a stock to watch for the past year down near 5 a share as of yesterdays close. Lets get to andrew with some of todays top corporate stories. Hey becky. The big one bank of america saying that federal investigators are looking into whether the bank violated certain requirements of a Government Housing program. The probe centers around compliance with the rules of the federal housing administrations direct Endorsement Program this coming according to a 10k filing by the banking giant. Also this morning, Credit Suisse under a lot of pressure in europe, it already is under pressure in europe this morning but going to come under pressure more so today because a Senate Subcommittee is now alleging new misdeeds by the swiss bank and accuse the Justice Department of dragging its feet. The doj probing 14 swiss banks after admitting to helping u. S. Taxpayers hide money from the irs. Th
2012 and get this were on track for the best yearly gain percentage wise for the dow since 1996. There it is. Theres not a lot of volatility. Just a slow roll upward. A reminder for those listening in their car were at 117 points on the dow. 7 of 1 . Nasdaq up a. 25 . Home depot is adding to the dows strong performance. Without we can top that cant we . Oh, yes. If theres one stock that everybody is talk about on the floor is twitter. Its up big again. The shares are up more than 170 since the ipo just early november. Adding 3 today. 72 bucks a share. Of course we want to know if twitter can flying to a new high. It was up 6 at the peak. It was up to 74. 75. The volume weve traded 70 million shares of twitter. This is for a company that had a 10 million share floated in its ipo. Here on the floor were only doing 240 million shares. Thats only 20 of the total. If you say thats roughly more than a billion twitter a huge piece of whats happening in the market as the only reason why were o
Got some big retail earnings this week. Ten years right about 274, some flat action in europe. German Business Sentiment was at a twoyear high. Netflix agreeing to pay comcast for faster speeds. Well find out if this could set a precedent. Karl icahn comes out swinging attacking the marketers and ceo john donahue. Well going to go live to kiev for the latest. First up one netflix will pay comcast for faster speeds for its video service. Analysts say the agreement could result for more cop tent Companies Paying for nervouses to get their product to the customers faster. Weve got a life exclusive with Lowell Mcadam koling up. Theyve closed the huge phone deal, closing that on friday. But yeah, i mean we expected verizon may be next, perhaps and well certainly ask about an agreement with netflix that their conflict if you will was highlighted in some of the press in terms of slow ore speeds particularly for fios customers pap they seem to be agreeing to pay some additional sum of money to
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w