Plus reverberations are being felt after the doublewhammy from attorney general bill barr who said, no, the Justice Department has not found any widespread evidence of voter fraud, yes, he did appoint a special ounce sell to probe the origins of the trump russia investigation. Critics calling out nasdaq to force companies to include women and minorities on their boards. They say it is another example focus on identity politics taking precedent over efficient capitalism. President obama, remember him, attacks the party about defunding police. They need more than snappy slogans. That is drawing sharp criticism from his fellow democrats. Im gerry baker in for elizabeth mccdonald. The evening edit starts right now. Gerry we begin tonight on capitol hill where there is potential progress on delivering a covid relief package. Fox news Congressional Correspondent chad pergram has the details. Chad . Reporter good evening, gerry. The Senate Majority leader Mitch Mcconnell is pushing socalled s
The s p market barely budged but the stunner was the bond market, hitting its highest level since march. Chris called this on the show a couple weeks back. Where are we headed from here . I think we are headed with the yields going up still. What is important about this move, it is not a few days old it is a few months old the trend here is several months old. I think any shortterm pullback in bond yields, that would be an area to be a seller of bond. We think yield can go up from here if you look at the longer term chart, you have to focus on where yields bounce from in 2016 and where they broke down from in 2020. When you look at this move, i think 130, 140 is ultimate lit where this is likely to go thats where the key levels are. I think as bond yields have gone up, the yield has gone up. 80 basis points and i think Equity Leadership changes ri long with that the kre here is starting to break out, not just relative to s p but on its own right the technical is starting to improve her
Lashing today over how their companies handled 2020 election. Heck out few hours indicating a decline as we await october retail Sales Numbers out this morning at 8 30 a. M. Dow industrials down 88, nasdaq is up 14 and s p 500 lower by 14. Record day in wall street to start the week yesterday, dow finishing at its first alltime high in 9 months boosted by the positive news on modernas phase 3 vaccine trials. At the close up 471 points, nasdaq up 95, almost 1 and s p higher by 41, better than 1 . Big day for retail earnings, walmart and kohls and home depot all reporting this morning, we will have the numbers as soon as they give hit the tape. Holidays in digital world. Zoom is helping you and your family out if youre planning on a virtual turkey day, its making a buzz, mornings with maria is live right now. Maria home depot earnings hitting the tape right now and european markets are lower, cac quarante down 9, dax index lower by 25, take a look at home depot numbers, revenue above exp
I do want to talk about the resiliency of american corporations to adapt and adjust , whether it was Johnson Johnson a bit ago, the seven could jillian dollars the seven gajillion dollars at blackrock. Thenow the story, executable excellence we are seeing in the statistics. It is going to be fascinating. Jonathan it might be too early to say the gloom of pandemic is behind us, but it might be time that we talk about the provision build of these banks. The number comes in at 611 million. I think that is the positive out of this Earnings Report this morning. Talkednali basak really about that being a key statistic, and it is better than good. I go back 10 minutes ago, the idea that they suspended share buybacks, and yet theyve got enormous Free Cash Flow available for Dividend Growth and maybe some share repurchase. Granted, youve got the mystery of what commercial real estate is going to do. Jonathan i imagine their Capital Return Program will change drastically in about 12 months time.
Becky is off today all breaking fivemonth win streaks with the dow the big loser. Still a good quarter i should say a very good quarter. The dow gaining 7. 5 take a look at u. S. Equity futures this morning lets show you where things stand as we speak. The dow up triple digits s p looking to open higher nasdaq about 140 points hire overnight, Tokyo Stock Exchange suspended trading after a glitch blaming a hard wear problem followed by a failure to switch over to a backup device. The first fullday closure of the tokyo markets since trading began in 1999. Too much partying like in 1999 also in 1999, the year after was the year 2000. That was the last time the nasdaq had two quarters as good as this. It has been 20 years the nasdaq was up 45 . So it has been pretty unbelievable yesterday, we had worries about coronavirus. Even in new york and elsewhere where there is high infection rates. We had sort of just the aftermath of the debate, which people said was unsettling just watching then