Just above estimates we begin with wall streets record run futures pointed to a muted open. The dow coming off a fivesession win streak. Plus broken Business Model . Elizabeth warren promising to follow the money when she questions former equifax ceo rick smith in a hearing this morn and pepsi shares are sinking. The beverage and snack giant beats earning but has a lower outlook. The dow, the s p and the russell coming off record highs. The Financial Sector posted its highest in ten years with watches on to see how resilient the market can be. I think what were seeing is a recognition that the economy is better so instead of paying low multiples for, what . Nothing, sorry, go ahead. My pepsi notes. Instead of paying low multiples for companies lets start with the banks. We are going to give the banks a multiple that looks like a stock. Do you know how long its been since i used to speak with brian moynihan, he does a great job and i would say okay lets say you can make two bucks, what
Grant, coming up get their way on the economy and what the fed will do about it. A lot of hot earnings stories keeping us busy as well. Gopro up almost 13 on the news that the company is breaking into the reality space and the debate on whether its too late to buy the stock. If you were with us yesterday, it was in this hour that twitters earnings were inadvertently released an hour early, causing quite a frenzy here on the floor of the new york stock exchange. Good old price discovery by human beings on the floor. There it was. Glenn getting the stock open again. It sank at that time and its sinking again today big time. How do you make sure Something Like that early Earnings Release doesnt happen again . One of our guests has a few ideas on that coming up. Digesting all of this news the dow is down about 46 points or a quarter of 1 . About the same magnitude for the s p, giving up 4 to 2,110. The nasdaq off 17 points 5,038 is the level there. Well have a quick look as well as some of
Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S.
Expected. Shop more but spend less. Thats the take away from the black friday weekend in the u. S. Those who werent in stores requiring online. Trend retailers hope continues today, cyber monday. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. A warm welcome to december here on Worldwide Exchange. We have data out from the eurozone. Manufacturing pmi in the second estimate has ticked high from the flash. 51. 6. The flash was 51. 3. The output index was up to 32. 1. This was on november data. The new export index, 54. The flash 53. 1. Its driving eurozone activity to accelerate at its fastest pace two years. That growth is still weak. Theres evidence of renewed downturn in france and spain as well as firms cutting staff so france still a big concern for the eurozone economy. Well get more reaction on that in the next five minutes. At the same time, china is rolling out a new ipo plan. A 14 month freeze on new listings. Companies will have to
That these regulations were known by the president in july of 2010. Back then estimates were between 40 to 67 of customers. This does not involve the great majority of americans who get their insurance at work. Republicans are already using this to renew their repeatedly failed calls to repeal the law. If the president knew that these letters were coming and still indicated that you could keep your Health Care Plan if you liked it, now, that raises some serious questions about the sales job of obama care. Today on the hill, medicare chief marilyn tavenner. These individuals in a small group or individual market had no protections. They had no guarantees of coverage and they were still being charged somewhere between 20 or more of premium increases year over year. There were Health Care Plans is that a true statement . It is a true statement, plans were grandfathered in. Thank you for that answer. So if you like your doctor, you can keep your doctor too . Is that a true statement . I th