Over a mug of mulled wine nicole foliage gets into the holiday spirit at the Christmas Market in nuremberg considered the most popular in the country. Who do you get is keen to check up a charming market including board with over 1000 have tempered houses this old town on the edge of the hearts mountains is the perfect setting for this december tradition. And after that lucas will travel on to lubeck welcome to this special edition of check in featuring Christmas Markets. Today im in a beautiful city thats even more lovely in december nuremberg and. Southern german state of bavaria im really looking forward to seeing the famous christian the smocked. An omen for a good company around here about 2500000 visitors roam the streets of nuremberg the old town during the Christmas Season in order to take in this very unique atmosphere they come from all over the world as norm has become an International Tourism magnet for preakness mistress and today i want to try and find out why that is wha
Power lunch starts right now taking a look at the markets. A bit of a mixed bag now back to the highs of the day. The nasdaq hitting a record level. The s p has yet to make its mark its still just barely sitting in the red melissa. The dow getting sent to new record highs to some surprising news on a dow component. Bob is at the New York Stock Exchange with the latest walgreens is reported to be exploring a potential going private deal with buy out firms. Thats according to reuters. This was halted on the nasdaq for volatility, not news pending. Its reopened up about 3 as for the broader market, a bigger break out may be near were only 10 of the s p at new highs. That could be about to change. Were seeing a significant number of stocks 2 or 3 below the new highs. Thats close enough to produce expansion. Big names shy of new highs discounters like walmart and ross stores. Home Improvement Stores like home depot. Some of this may be due to tax loss selling at the end of the month abating
Including viacom and cbs. They are proceeding with that deal, but they are down 7 apiece. Retail being dragged down lower by macy, which vastly disappointed investors. Many other brands lower as well. Guy it is a tough market if you are long. It is not tough if you are long bonds, though. U. S. Ections of both the and the u. K. Yield curves invert. Trade euphoria getting steamrolled by another round of disappointing Global Economic data, mainly out of germany and the United States. Grant peterkin of man u life Investment Management of ,anulife Investment Management senior portfolio manager, joins us. Seen the u. S. Curve invert before, and generally there is a portent for some recession sometime after that. Are seeing the Central Banks have economies back. We are keeping longer dated bond yields relatively bid because of the collateral out there in the world. If the risks around the geopolitical tensions, whether in hong kong, argentina, or the potentiallyhey are bigger problems for us
And then march, things normalized. Francine welcome to bloomberg surveillance, good morning if you are watching from the u. S. And europe, good afternoon if you are watching from asia. Westminster, ahead of the knowts, the u. K. Will soon who the next Prime Minister is around midday. Pound. Ity in european stocks off but investors are breaking for a busy earning season. U. S. Corporate earnings potential developments, trade negotiations and oil stabilizing after recent gains. Hour, we will speak to the new leader of the liberal democrats at 9 30 a. M. London time. Here is viviana hurtado. European governments putting together a Naval Mission to provide safe passage through the persian gulf after iran seized a tanker last week. Jeremy hunt warns escalations will mean more Royal Navy Ships in the area. Let us be absolutely clear, on the international law, iran has no right to obstruct the her, itassage or board was therefore an active state piracy. Foreign hasns defended the move, saying
Its on spotify right now. We aim to please. It seems like we have done this morning. Lets get into the market picture. A very rosie market picture this morning. Futures were as much as 200 points higher moments ago just shy at the moment on the dow 192. 4 to be precise. The s p higher by 14 the nasdaq up 22 markets did pull back on friday albeit only slightly closing down. 2 and the s p a little bit more that for the nasdaq for a week performance was fairly divergent. The dow was up 3 . Dow up 1. 5 the tax reform bill well discuss that passed the market late friday night. Ten year treasury note has responded as well in a risk on fashion somewhat weve seen the yield move up a little bit, 2. 39 closing on friday at 2. 36 over the weekend ticked up a bit. Crossed 2. 4 but is just below that level. More on the markets, but first to our top corporate story, cvs is buying aetna for 69 billion. Our Bertha Coombs is joining us on the cnbc news line with all of the news. Good morning, bertha. R