Lower yet again. Nasdaq is coming off its first backtoback losses in three weeks. Nasdaq would open lower by 20. Dow down by 50 and the s p by about 5. 5. And the latest s p caseshiller report is out, showing 3. 3 gain in home prices during october compared to one year ago our road map starts with the decade long bull run stocks on track for their best year since 2013. Markets poised for a lower open on this final trading day of 2019 plus, uber and postmates sue california the ride hailing giant and Delivery Firm are trying to block a law that would require them to treat gig workers as employees. The ousted head of Nissan Renault fleeing to lebanon carlos ghosn saying he was escaping what he called a rigged Japanese Justice system. As we head into the final trading session of 2019, the dow up 22 year to date. The s p 500 with a 28. 5 gain and the nasdaq outperforming both indices jumping by almost 35 . Oh what a year its been i guess maybe were going to go out with a little bit of a wh
Brent at a threemonth high, gold at 15. 12. The year end rally, the s p biggest yearly return in seven and nearing its best gains in more than 20 years. Plus ecommerce sales hitting a record, amazon saying billions of items ordered world wide. Boeing still on watch, new documents revealing whats being called quote very disturbing revelations. As 2019 heads into the home stretch, all three major indies says are on track for a fourth straight month of gains. They have surged as last months selloff we remember december 26 when everything rallied 5 . We were bottoming that horrible Christmas Eve when we had first concerns about a tariff war increasing. Then we had the Federal Reserve raising rates on the 19th. That created a cascade, four down days in a row culminating in the down day on the 27th, on the 24th and turn around today. Meanwhile, the year, if you look at the percentage of up days, almost 54 , which is i think only the folks said only five years since 1928 have you had a more c
Shoppers pile in. And with the chinese yuan and how it deepens trade. We will talk about all of it with you. I am still with mike cohost guy johnson. Walmart said that they were going to hold up no matter what they do and they say invest in your face. Skin care is the key. Guy i did hear that. Alix skin care the trade. Guy my skincare is the best future alix invest in your face. Guy and with walmart which is what you were posing a moment ago, walmart is a good dues good news bad news story. It is good news for walmart bad news for everybody else. I think this is a good news is bad news story. It is bad for other retailers and people get sucked into more good it tells you a lot about consumers that are trading down and what is happening with the economy. It is a good news bad news story. Alix and you have a high end and the low end, the will hold up. It looks like the consumer will be binary. Guy the consumer is totally binary. I think that is the story. That is interesting look at the
This is fast money live from the Nasdaq Market site on the desk, tim, and our guest trader victoria fernandez. Thank you all for joining us here tonight we are going to start with a sputtering end the dow gaining while the nasdaq and the s p were lower on the day. All three indexes well off their lows after a hotter than expected inflation report. Wholesale prices rising more than forecasts in july both the nasdaq and the s p posted their second straight week of the losses, the first time the nasdaq has done that all year now focus shifts to the next crop of earnings reports with the retailers. Those are the big headlines we will see next week home depot first, walters, target, tjx, along with others target is the big exception. What can we expect to hear from these names in next week and will they give the market support to turn things around . Obviously, a lot of big names, two dow components, home depot and walmart. We really care what walmart has to say about the state of the u. S.
in developing countries going through difficulties. you normally do not see this in a g7 economy. and it s one of the most glamourous sporting events in the world, formula one roars back into singapore this weekend. we start in the us state of florida, which has been hit by one of the most powerful hurricanes in the history of the united states, with winds of up to 150 miles an hour. hurricane ian has torn a path of destruction through towns and cities, leaving more than two million homes and businesses without power, and experts warning of life threatening flooding. and it could cause more damage, as it heads north into the carolinas, the storm system has regained hurricane strength. our north america correspondent john sudworth reports from fort myers. florida had been told to brace for a life threatening event and the city of fort myers was the first to feel the hurricane s power. boats were piled on top of each other, parts of the harbour pushed up onto the shore. at thei