And then we have the fullyear forecast of like industrial names you need in your portfolio. And wall street pessimism jamie dimon and others having sharing their view on saudi arabia. And good morning to you, im alix steel along with my cohost guy johnson. It is good data here in the u. S. Guy good data for the u. S. And not for europe. The pmi data, a real gap beginning to emerge in terms of economic performance. It will be fascinating to see how the ecb addresses that. But you have the story when you look at rtx, ge, and 3m today. All the stocks are doing well. It is fascinating. We talk about what is happening with the end industrial economy of the states and is it counting back . Alix above 50 and they are being rewarded for the beat. It is a story that is exacerbated by the positive data. Guy are we talking about this just because tech has not arrived yet . Alix probably. Guy they will be out later. Are the industrials in position where they can take in peoples portfolios . Will w
Julie hyman is in is in. Julie we are seeing a little in today, really a pause market of the moments. The dow is doing the best of the threeday averages. Things may heed up over the course of the week as we get more Economic Data and a dozen S P Properties are still scheduled to report their earnings tomorrow. Well be watching those. In todays session we are watching some of the last companies. Quest diagnostics and Lab Corporation of the americas. Late on friday, we got new information posted, final rates for medicare. They were posted late on friday and so they have implications for these companies. The final rates still suggested 8 . Cut to the revenue in 2018. We are seeing a minute drop today. We are watching a big deal in the retail industry, or at least an investment. Alibaba, 2. 9 million is how much it is paying to buy 2. 9 billion is how much is paying. Walmart is down. It operatesbed, about 400 hypermarkets. Are seeing those companies trade accordingly. Also checking on home
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
On that. Lets check on the euro. 117. 5,nce coming in estimation was 116. 7. You can see the leg up for the euro at 11858. If you break it down, he will have the current confidence. You have the Business Climate to get that pretty much in line, a touch better. Thats why we are seeing a bit. F an impact on the euro 118. 50 one. 1858. Nine 30 a. M. London time, we talk about the housing luxury ceo in london, with a thats a 9 45. Lets get straight to bloomberg first word news. Here is at ludlow. Germanys Opposition Party is opening talks on backing a government led by chancellor Angela Merkel. Social democratic secretarygeneral says the department of ready two start the discussion. The is it and eight hours of talks at the s of the leadership that wrapped up this morning. U. K. Officials have tried to accelerate brexit negotiations by suggesting that rather than wielding a veto next month, ireland could hold fire and block a final accord. Avoid a hard avoiding a hard border and island is
This song cannot be played enough this time of year its the best new original Christmas Song it is outstanding good morning a warm welcome to Worldwide Exchange on cnbc. Its december, happy christmas i can start saying that now. It is im wilfred frost im Courtney Reagan in for sara eisen ive been celebrating for a couple weeks now you were celebrating thanksgiving initially its a blend. Courtney does do the best internal decorations her desk is epic its pretty good. I may have to sit at it later and take a picture and say its mine you can claim the credit and move on. Lets check the markets we did mention at the top of the hour that futures are pointing to a lower open after another record day on wall street. You can see the dow jones is positioned to open lower by 19 points if it were to open now, we know we have 4 1 2 hours to go. S p 500 and nasdaq pointing to a lower open we got this delay in the Senate Tax Reform bill passing late yesterday. As we look at whats going on with the t