Good morning welcome to Worldwide Exchange on cnbc. Im seema mody in for sara eisen. Im dominic chu in for wilfred frost. A lot of Christmas Music throughout the course of todays show if you like it, youll love it if not, bear with us even though im not a fan, this is a classic. It is a great song. We have quite a few things that could be driving the trading action looking at the u. S. Futures picture, were seeing stable markets. Weve seen this theme developing, we have not seen major moves in the premarket futures at least ahead of the opening bell right now the s p 500 looking like it will open up by 4 points the dow up by 19 the nasdaq up by 5 as for the treasury yield side of thing, the tenyear note yield is falling a bit we saw that 2 1 2 mark yesterday. About 2. 48 there. The run up in yields is pulling back just a bit in this early friday trade lets look at asia and how stocks closed there for the week the japanese nikkei did end the week higher. Hang seng higher by 0. 7 shangha
Were going to have a house party good tuesday morning. Im Carl Quintanilla netflix a big story. Trading at all time high surpassing 100 billion in market cap for the first time after earnings shares up on strong guidance for on going growth which is driven by the commitment to content on the earnings call, Reid Hastings said because theyre growing faster than expected, theyll invest more than planned. It is 8 billion but it will be higher in 2019 and 2020 so dont think of it as 8 billion and a new plateau. Instead, its just a point in time as we grow both the revenue and our content budget for more on the results, were joined by Foundation Capital general partner paul holland who knows this Company Inside and out paul, good to have you back. Good morning, guys. Hows it going i mean were sort of in awe of what they put together in q 4, especially internationally. Now we have anl iflalysts cominn the air talking about subs in the hundreds of millions eventually have we are you do you hav
Worldwide exchange begins right now. Good morning happy friday welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost very good morning to you from me as well. Happy friday indeed. Lets get to the Global Market picture. Coming off a day of slight gains. As we stand before todays moves for the week, we are looking at slight gains as well the nasdaq the leader up 0. 4 . Healthcare down about a half percent. The s p and dow are up just slightly for the week as a whole. As you can see, were expecting slight gains for the nasdaq, slight declines for the s p and the dow as well. The rise in yields has been global, its been pronounced, but it has just cooled off a bit in the last day or two, certainly higher than where we were about a week or so ago. 2. 31 on the tenyear today is the last trading day of the Third Quarter. Stocks have been on a strong run. The dow is up 4 during the last three months the s p 500 up 3 . The nasdaq is up 5 . As for sectors, tech, energy and materi
In europe, things have barely budged in most of the major markets. Cac is flat. Dax is up 0. 1 . The ftse up almost 0. 2 . Crude oil prices continued to climb yesterday. This morning giving back just eight cents. But there is a thought that with supplies in the United States experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows weve seen earlier this week. Wti trading at 47. 76. Some big corporate stories. Retail wreckage continues. Department store chains taking a major hit. Nordstroms posting better than expected earnings and revenue, but the stock dropped on a samestore sale miss. Theyre the latest Department Store to get hurt by a slump in clothing because of online shopping. Macy shares dropped 17 yesterday during the trading session after Quarterly Results missed. It was the worst day for macys shares since 2008. Well get anot
Leading the rally today, tech, discretionary, industrials. Meanwhile safe havens are biggest laggards in the market. Dom chu looking at the stocks that got us back to alltime highs. Dom. Its an impressive run, but remember were just where we were a year ago. First of all know the s p 500 since that time up about 5 the last time we saw that record high may 20th intraday 2015. Since then the utility sector, defensive ones like you talked about gaining the most in the s p. Meanwhile energy up the least in that amount of time as well. Something to watch out for as we move from record levels to new ones today. Look at points stocks individually done really well. First of all ulta salon, up 67 just since the last time we hit a record high, beauty products, personal Care Products a big part of that story. Another one, second best performing stock since then, one that we all know about, its amazon. Com. Those shares up by about 78 since the last time we saw record highs. So amazon continues th