Its at the 27,000 level, up from 18,000 in march. Check your 401 k and smile. Whats going on here . Well, first theres a lot of talk about congress adding to the president s virus aid. The democrats made a big mistake walking away from mr. Trump from any deal, allowing the president to jump right in. Wall street would love another trillion or two of stimulus. Here we go. Can you believe this. Putin says russia has a vaccine. They have not finished Clinical Trials but his daughter has taken it. Im a skeptic. When the news broke, it did lift stock prices. We will tell you all we know. I do know this. Tim cook is a billionaire. He owns a chunk of the most valuable company in the world. Bernie sanders might not approve but i think its good to see a brilliant executive join the billionaires club. He and apple are wildly successful. All right. Look whats coming up. Maybe joe bidens choice for Vice President , maybe today. Hes boxed himself into an identity politics corner. A prediction that
And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in
Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring
Austin, texas and carl icahn out with a new bet against some place i bet we all hung out as teenagers. Good morning, good afternoon, good evening im Brian Sullivan if there is a president cook some day, you can say you heard it here first. That song as annoying as it is gives us a big theme today that is retail yesterdays slam of home depot and kohl sending shock wave through the world. That one, ouch, Urban Outfitters down 16 first, lets go to the macromarkets and stock futures are down again they are in the red today. Off 1. 07 right now technology continues to power on yet another record for the nasdaq and nasdaq 100. The nasdaq 100, if you are not paying attention, please do, its soaring on pace for the best year in a decade year to date. We are up almost 32 because we always like to make you a little bit smarter here. Listen to this, 49 of the 100 stocks are up 45 this year. Two of them, semiconductors lam research and amd have doubled. In the bond market, not moving too much down
Employment report for november can we break the recent trend of slowing growth but we start with tesla, a boost after hours after Morgan Stanley prays raised price target on the stock from 440 to eye, sr. 500. 50 higheren than where it ended on the day pb guy what do you make of it. Adam john as i dont know this to be the case but read going now. I think he is saying the bull case, the price target he raises from 450 to 500. But i dont think he is changing the current price target i guess it doesnt matter. The bottom line is this. He says the potential surge and sentiment through the first half of 2020, the 500 is doable. But im not certain they are changing the price target. With that said its a stock you have to trade. Ill say it gwen, the move from basically 275 to 325, 330 in a Straight Line in october i think we have to revisit that. Rarely do you see a stock have a day move like that and not revisit at. You mean trade it rather than. Absolutely. Rather than own it. 100 . And the