Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
Reporter november coming in with a bang. Giving you a live look from San Francisco. Where we can see the sky lighting up. A reminder you will hear it several times over today and enter tomorrow. Dont forget to set back your clocks tonight. Thats a beautiful shot. Mostly clear skies today. The wins are generally light. With the clear skies in the light winds that allow for pretty good cooling in the overnight hours. The frost advisory last until 9 am this morning. It does include our northbay valley locations. As we get into the afternoon it will feel better. This is where we stand at the moment. 53 degrees, 44 in oakland. 39 and livermore. Was it 27 or 28 degrees yesterday. We have livermore up by a smidge. San jose is just down about 2. We do have a minor warmup coming our way. 72 is the afternoon high for San Francisco. Midseventies for hayward. The east bay upper 70s. A warm 81 degrees in the forecast for areas over santa rosa. I will have a look at the extended forecast. Hopefully
Wage negotiations, the initial numbers coming out with the likes of toyota, meeting all the salary demands. That is something lauded by the likes of the prime minister. It is something they would like to see and it is playing into the direction of the boj, thinking about if we see any move next week. Japanese yen strength has been waited on equities, and we are seeing it, a little under pressure so far, but we also had u. S. Stocks retreating overnight. Is that a countdown . We have more inflation data and ppi numbers as the last step before we get the fed meeting next week. No change expected but it could play into the language we hear from jay powell and the signaling out of the meeting. For japan, you do see the border index flat right now, but lets look at how korea is coming online, as well, so you can see that the kospi is pretty much flat, watching the korean today because as we discussed the last hour, the yuan to be tracking today because we do have the country and regulators
Of the alltime highs. New reports pulling back the curtain on reddits financials ahead of the ipo. Its thursday, march 14th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you so much for being with us. Lets get you ready for the trading day ahead. We kick off the day with the futures. We saw the dow finish higher for the Third Straight session and the s p and nasdaq fell for the Third Session in the last four. Futures are in the green across the board. The dow would open up 150 points higher. Despite the potential rebound for tech, no luck for tesla. Shares hitting a tenmonth low after shedding 4. 5 yesterday and nearly 250 billion of market value. One reason . The downgrade from wells fargo int from neutral to sell. It is down from a 200. The stock is trading at 167. Analysts are calling tesla a Growth Company with no growth. Another hit from ubs this morning slashing from 225 to 165. Also lowering the First Quarter d
Mr. Jeffries good morning, everyone. House democrats will continue to work with President Biden to create an economy that works for Everyday Americans to lower costs, continue our fht for better paying jobs, Safer Communities and of course to defend democracy and fight for reproductive freedom. A budget was released that will lower costs for Everyday Americans and build on the work that has already been done to drive down the gh lifesaving prescription drugs for millions of americans. Economy from the middle out and the bottom up that is focused on growing e ss and all those who aspire to be part of the middle class throughout america. S . Most importantly, President Biden and House Democrats are focused on protecting and strengthening Social Security. Notwithstanding what the former president down in maralago had to s Social Security and medicare. These are not entitlement programs. Social security and medicare are American People work hard for throughout their entire lives and pay in