Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
Basel iv banks regulatory information. U. S. Futures pointing higher on the back of a global rally this morning. 100 points higher for the dow. We are down about 0. 2 for the s p and the dow. Nasdaq down about a half percent. As ive said throughout the last couple of day, even though theres riskoff move in the market, were not really down this week. Were seeing big swings in the pound on the news that the uk reached a landmark brexit deal with the European Union. Lets get to cnbcs willem marx live in london with the story thats broken overnight. Willem thats right. Very early start for the british Prime Minister and the head of the European Commission and Jeanclaude Juncker, they met around 7 00 a. M. Brussels time to settle the financial bill, the irish border issue and come to an agreement on european Citizens Rights in the uk and vice versa, that seems to have been kicked down the road to phase two of negotiations. Leo varadkar, the irish Prime Minister, heres what he had to say abo
Yesterday stocks had steady gains throughout the day the s p 500 snapped a threeday losing streak and the dow was up for the first time in three sessions overnight in asia, nikkei was up by 1. 4 . Hang seng positive, up by 1. 2 shanghai composite up by a half percentage point breaking news out of europe. Uk reached a brexit deal with the European Union willem marx has more on that story. Good morning good morning. This is good news for theresa may, the british prime minister, she can go back to london from brussels and present her cabinet and the country with evidence shes managed to get the conversation moved on to truck being britains future trading relationship with the European Union, a major factor driving that brexit vote last year in terms of the european side, theyre happy that some concerns have been addressed, specifically over the irish border neither side wanted to see a hard border between Northern Ireland and the republic of ireland. Leo varadkar, the irish prime minister
Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Out. A little bit of brinksmanship, or brinkmanship, i should say, as joe corrected me. Less is more there are a couple more brinks, a couple senators youve got to wonder about. Okay, then. What happens with Susan Collins, what happens with lee from utah, who said hes undecided lee who mike lee . Oh, mike lee. Who wanted got two first names its confusing i dont trust people with two first names. Do you yes, generally. You do . Yeah. I think its confusing. Well youve got three, youre fine. Ive got three, three names some people say andrew ross, two first names, even though no, im talking about when your last name is a first name. Chris christie . Theres a lot of them, bill george, ted david. I just made that one up. I dont really think there is a person by that name. All right, lets look at what else has been happening in the markets. The tenyear note, one weve been paying attention to, too. Earlier this week you saw the tenyear pushing above 2. 4 , but now were back below 2. 36 . A cou