Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
Christmas. You can see we are set up for a lower open generally speaking on the major averages, s p showing a little more signs of life. European markets, most have been closed for the Christmas Holiday or boxing day as well. So not much to speak of there. Lets get to our own 10year note yield though as we take a look where we stand right now. 2. 483. Crude oil, wti up a few cents and just out the latest shill erin dex shows home prices up 6. 2 in october. That of course year over year from last year lets get to our road map this morning. It does start with apple largest market cap out there, shrinking in the premarket on some reports about next years iphone sales, were going to fill you in. Will this years rally continue as we close out 2017. Finally a retail rebound, how the struggling sector is faring so far this Holiday Season as you may know not too bad. Lets start with apple shares, they are under pressure in the premarket. Reports of sales of the new iphone 10 are slowing accord
You can see were set up for what would typically be what weve seen most days higher, european markets this morning as well. Well look at right now and they are as you see largely in the red. No major moves the uk has come to light here in the last couple of trading days, though, making up perhaps some of the gap with the other markets. The 10year note yield hanging around the 2. 4 level where its been and earlier this week we saw wti cross above 60 and it is there again. That has actually been a quietly big story you might argue. That just happened last night, right we did earlier this week and now were back above Natural Gas Prices you might expect also moving up a legal bit, recently given our kitchen pipe froze. Oh, no. Yeah. Welcome to homeowners. These are the joys. But a quick Public Service announcement, you take a hair dryer on the pipe and we got it going again. Then you let it trickle all day and hopefully well be able to make dinner tonight. If not, you let us know. Im comin
That requires a 6. 4 decline we are just around that level at the moment the s p is on pace for its worst week since november 2008 the nasdaq since january 2016. You know what, the dow especially, comparing it to 2008, the drop we had was Something Like 17 yes, its the worst since then, but were still nowhere near where it was 18 . Was it 18 thank you. The key level is 23,885 if we go below that at the close. It is the worst week since 2008. But nowhere near as bad as that week. Exactly well check the action as we look to close out this week. What a week its been. Bertha coombs is at the nasdaq watching the movement there. Bob pisani on the floor of the nyse bob, lets start with you on the session today. Im a little encouraged today for the first time all this week because were starting to see a little bit of buyer interest let me show you an intraday chart of the trading activity. Ive circled the key point almost every day this week, we have seen rallies on lighter volume and the decl
9th, that crazy friday, our reporters are standing by breaking down the market since then Bertha Coombs and bob pisani i think the important thick is weve seen quite a recovery in the markets but not for everything let me show you a few charts jpmorgan, a big recovery remember what happened on february 1st it was like 117 then goes down to 104 on the 5thand its com back around 116 thats a roundtrip. Also boeing another big one, 357 on february 1st 317 on the 5th. Thats a 40 drop, back to where it is, roughly 356 or so. Theres a roundtrip some stuff hasnt recovered the consumer names havent recovered. Cocacola goes to 82 and its hovering around that exxon, the oil stocks have had a hard time. 89 down to 73. That hasnt recovered. Part is on the fact that oil didnt have a big bounce heres the important thing the s p on the whole has recovered a large part of its losses we lost almost 300 points from the high to the low on the s p and you can see all the numbers were looking at the importa