Caroline you know what . I will go for the interruption technique. No, i am going to play nice. By caffeine and sugar. I tried sweet potato with marshmallow on top, and American American top, an delicacy. Not so sure about it. Onathan a quiet day ahead both sides of the olanta. Caroline of the atlantic. Caroline this is like a black friday of no other. We will have empty stores. Everyone is online. But those traders will still be logging onto their computers. I feel as though perhaps we are going to get a little more activity than we use to. Certainly we sought on the cryptocurrency front. Jonathan we start with equity futures and work our way through the bond market, foreignexchange as well. Equity futures up about seven on the s p 500. We advanced 0. 2 . Outside of that, and the bond market, mentioned the bid into treasuries. Yields coming in on the 30 year to 0. 86 . Eurodollar, some really big calls coming through. Theres a feeling that maybe next year is a repeat of 2017, when we
Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m
Administered this week outnumbers new cases of covid 101. But thats not to say that serious struggles do not remain. Getting schools reopened remains a significant logistical and political challenge. Vaccinations still need to ramp up. The spread is not yet under control, and more as cnns lucy kavanaugh reports. Reporter the fight against covid19 progressing on three fronts today, more shots, more sites and more vaccines heading towards approval. New yorks mega Vaccination Site opening up at Yankee Stadium this morning. I was in and out, two seconds. In maryland, the Back Parking Lot at six flags now a mass vaccination center. The idea eventually is to build an infrastructure that can handle millions of vaccines. Reporter and in northern california, oaklands coliseum and levi stadium now vaccination hubs. American troops joining the fight against covid, the Biden Administration announced it will deploy 1,000 Service Members across the country to help with vaccination efforts. This, as
Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it