Im carl kiquintanilla and melis lee. We turn to black friday and all things retail. We might get records for the s p and the nasdaq at least at the open euro at the sixweek high against the dollar having the best run since july. Europe is up and oil is the other story, thats a two and a half year high and that opec meeting next week. Our roadmap begins with the season for shopping. Retailers have focused on the holiday shortened day. Macys hoping the post thanksgiving spending free will end a threeyear sale slump. A massive data breach made public on tuesday and now reports the new ceo has known about the hack for months. It is black friday, the official start of the Holiday Shopping season many shoppers already got a head start. By last night consumers had spend 1. 5 billion online. Consumer spending up nearly 17 year on year until 5 00 p. M. Last night according to adobe analystics which tracks Online Transactions at the top 100 retailers. I think the headline in the journal today on
On this black friday, were still here at post nine. Im Carl Quintanilla with melissa lee. Dow up 15 points a holidayshortened session today. Markets are going to close in an hours time and eventually we will get to kelly evans and bill evans for closing bell. All eyes on retailers as it is black friday. We saw strength in macys in particular and some curious weakness in shares of target which have been the real standout laggard, at least in the retail space. A lot going on, whether its retail, black friday or oil, by the way, which got close to 59 earlier and right now 58. 83. Busy week next week packed with powells confirmation, yellen testimony and then that opec meeting and even more reports today about a potential framework between at least russia and opec. Right, and you were mentioning some of the alltime highs in todays session, even though its quiet. The alltime highs are in fact notable. Amazon really being helped, of course, by black fridays strength here. Facebook is also an
Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou
Abigail we looking at the end of november. We are at major averages and we are looking at mixed trading action when we had been looking at games for all three major averages. Putting in a set of alltime highs, but behind this choppiness is the fact that we are looking at small declines from s p 500 and the nasdaq. A report from Tokyo Broadcasting System saying the japanese government received a signal that is same as north koreas preparation for a Ballistic Missile launch. A little bit of a risk off tone to that message. Not sending stocks spiraling down, but we will be tracking the story. We are coming toward the end of the month of november. For the dollar, we might be looking at the first monthly decline for the month of november in a decade. Down nearly 2 on the month, on pace for a source month since july. Not clear whats behind it. Perhaps with the change at the head of the fed and that how will b how will will be more dovish than expected. Lets take a look at the commodity compl
Telling cnbc we may not need the type of tax cuts being proposed. We have those details coming up. And a major deal in the media space. Maybe youve heard about it. It brings together bbetter home gardens and people magazines, Meredith Buying Time Inc for nearly 2 billion. Will this pave the way for more deals especially in the media sector where theyve been trying to get them done we have that coming up in a little bit. First, our top story today, the cyber monday surge amazon shares hitting yet another alltime high today. Courtney reagan joins us from an Amazon Fulfillment Center in robbinsville, new jersey, with the very are you packaging anything and sending it off as well reporter no, no, im not allowed to touch anything, so i will not be touching anyones packages dont you worry about it amazons prime day, bill, actually still Reigns Supreme at least as far as we know for its biggest day on record. Last year on cyber monday, amazon shipped 64 million items worldwide. Thats what was