Theres a live lookin well monditor that for you. The president elect announcing his team today we expect to hear from joe biden at the bottom of the hour and his fed chair nominee, janet yellen josh, i mentioned the dow, best month since 87, russell, best month ever, energy best month since april, industrials best month since 09. Theres a lot of momentum coming into december. Yeah. Look, i think a lot of people are saying this and i actually agree with it and i hate to go along with conventional wisdom but right now it seems as though the biggest risk is that everyones already bullish and there arent that many people left to buy. If you go on like financial social media, you find owl the bears. In real life people are in, regardless of what they might be saying publicly. Right now thats probably the big risk, that things are a little bit too good. You have a great setup with earnings growing, the vaccine being distributed. In london theyll give it out as soon as monday i i dont think w
By 7 . Will rise the trade balance is expected to be at 53. 75 billion in u. S. Figures. In november, in terms of export, it is showing the overall chinese economy with the recovery story. The dollar index is flat. Sterling is under pressure. Go at 1837 u. S. Dollars. Lets head to new york and get the first word news with Karina Mitchell. Numbers continue to rise with President Trump revealing Rudy Giuliani has tested positive. The news reported you has been hospital. He the Administration Says all of americans who want the vaccine should get one by the middle of next year. Several states have record infections. The u. K. Will roll out shots tuesday, while they going to partial lockdown. Iran will raise Oil Productions under the new administration. Joe biden wants to revive the Nuclear Accord dropped by President Trump. Tehran is ready to raise output within three months. Iraq is nudging production higher, while insisting it is committed to the latest strategy from opec and its allies.
Is come down really sharply on the brexit news. Walk johnson prepared to away. The pound is plummeting on the back of that. We recovered a little bit, but still down. 9 . 1. 12. E sterling is at in europe, the equities are rolling over, the euro stoxx the euro stoxx down. We have money moving back into of bonds, in the same in the United States. Lets talk about brexit. Prime minister Boris Johnson and the European Commission prime minister, set to start a crucial phone call starting about now. Could it be make or break . Pound falling sharply . The counseling sharply. Walk away. Pared to the real deadline appears to be eu summitahead of the on thursday. Joining us now, we have our bloomberg governments and brexit reporter. What are we expecting from the phone call with Boris Johnson . Reporter one of two things, either we get them saying we will keep talking. Think we could get an agreement here or this is the moment where they say, we should notkeep talking, so why into this now . We
When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be