That in mind as we give you a look here at futures. We are looking for an up open at the open. European markets have been open and well give you a quick look there in terms of performance. You can see mixed bag with germanys dak down ever so slightly. Theres the 10year 2. 37, the story since the election. Theres a look at crude and brent as well. Lets get to our road map this morning. Black friday is upon us, but is it actually worth going shopping today . Were going to get you up to speed. And speaking of retail, well talk to the ceo of target, that companys plan to accommodate shoppers in store and online during the busiest time of the year. And president elect donald trump couldnt quite resist tweeting on thanksgiving day. His plans to keep that carrier airconditioning plant in the United States. That is the latest on his Transition Team all coming up. Ceos of major retail chains weighing in already on black friday. Heres what macys Terry Lundgren said earlier on squawk box. On a va
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi
Got some Consumer Spending numbers that did not meet estimates. All three major averages near the lows of the session. Amazon in point terms is one of the things that is keeping the s p 500 from falling more after the Company Reported a Record Net Income but the other card stacked against it. Sciences coming out. Apple declining having its worst week since june since 2014. In percentage terms, i want to look at the big tech losers in todays session. You have seagate coming out with numbers that missed estimates. With rivalsng along is numbers suffered from demand from apple iphones. Then we have the Energy Clients easy in todays session. Going into this running season, energy was predicted to be the biggest drag earnings wise and that is proving to be the case. Phillips 66 out with numbers that missed estimates and its pulling down many of the other refiners and is generally seen from the client and energy today. Red on thet of screen for the day. How about for the month . , lets start
Finding money in garbage, yes, trash. You wont believe the big names lining up behind this trade. Hi, everybody. Tyler is out. Mannedy is on the half time report this week. So youre stuck with us. Were getting a modest rally. You have three things going for you. You have oil on the upside. Its behaving. You have a modest time to rally and a europe rally. Thats all you need going into the close. Modest expansion of new highs. Ill show you in a couple minute. Thats been there all throughout the day. The volume predictably on the light side. Lowest volume dave the year yesterday. We have a broad swath of sectors on the upside here. I would have liked to see energy and materials. The losers on the year leading. Thats not the case. Tech, health care. Energy up is. Consumer name, remember, value outperformed growth throughout the year. So kelloggs, kimberly clark, smuker, new highs for them. People are debate wlg this is going to happen in 2016 or not. And, of course, consumer name have done