Bring your phone, the hottest new way to find the deals and beat the crowds. Up, up, and away, anticipation is building for the mace cannys thanksgiving day parade and those iconic balloons. We have all your excitement. Today, thursday, november 27th, 2014. From nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning, welcome to you on this happy thanksgiving, a happy thanksgiving to one and all, i am Natalie Morales with dill lan dwyer and willie geist. Al is on the upper west side, theyre all getting ready for this mornings parade. Hey, guys. Good morning, natalie. Happy thanksgiving, everybody. Who let dillan dwyer in the studio . I had to ask for an i. D. I was so scared for her yesterday. I guess our little petition freed dillan. Thank you. Poly, its not too bad. We will learn more about that in a second. It is rain, sleeting, snow shopping, winds are low. Thats great news for the balloons, great news for the hosts as
Melissa just as ipos were taking a breather, from sizzling in 2014 todays triple debut threat, threatens to spark another feverish year. Etsy virtu party city all soaring out of the gate. Each started with market caps near 2 b im joined by our own charlie gasparino, David Asman Veronica daguerre at wall street journal. I look at the confetti flying from wall street. It has ominous, toppy feeling about it. Virtu pulled its ipo two years ago amid the controversy about the book High Frequency trading. Melissa party city and etsy . Virtue is a great story. Melissa these guys are the over the top etsy doesnt make any money. Nobody on there actually sells anything. Why is it up 130 on ipo day . Melissa right. I think it is a sign of the top. I think search for return. There is such low Interest Rate environment. Now up only 84 , forgive me. I think youre right about that. I think it is a Niche Company so to speak. They need to be able to scale that right . Melissa they dont make any money .
Melissa it is a rally but could be a party before a brutal hangover. Markets firmly in rally mode before a twoday fed meeting kicks off tomorrow. But we could see the first signs of a Interest Rate hike since the Global Financial crisis. Oil continuing a free fall, touching the lowest level since march of 2009 on fears of strained u. S. Storage capacity. Here to discuss all that Charlie Gasparino jack hough, barrons Senior Editor and todd starnes, fox news radio. What do you think the fed will say . I dont melissa take the word patient out . Maybe. Look, i think people have doubts about, i think the fed will be careful not to break anything important here. If we do raise rate, it will be cautious, slow. A minor impact. I think a lot of it is priced in already. Why are we seeing this priced in, charlie . A lot of people in the market come to the conclusion the fed will not raise rates. If you talk to a lot of traders they look at it doug kass put out a Pretty Amazing commentary about th
Shades of increase in hourly wages at walmart, a report says quote a Staffing Firm in the chicago district reported some companies were also willing to raise rates for unskilled workers to reduce turnover. And contacts in the atlanta district noted increasing entry level wages. The report says Consumer Spending rose in most districts. With the blizzard slamming the east coast recently the boston and cleveland districts also reported increased sales of winter related items such as winter apparel rock salt and snow shovels. Melissa, back to you. Melissa peter, thank you so much. Here is a look at market reaction. Off the lows of the session. Dow and nasdaq suffering the steepest selloff since january. Lets bring in todays panel. Charlie gasparino, Senior Correspondent wall street journals James Freeman and moodys chief economist, john lonski. I heard moderate, moderate and mixed. Same old song. If the economy is picking up speed it not a rapid pace of Economic Growth typical of previous
View from our tower cam this morning. Patchy ice on sidewalks. Watch out for that on the sleet and icing. A little bit of snow in the afternoon. A greater chance for accumulating snow coming in on thursday. Look at the drive time forecast coming up at 6 11. Speaking of driving this morning. We have a breaking backup. Big backup now southbound bw parkway as you approach the beltway. Chopper 4 over the scene now. Take a look at this. All the headlights headed southbound. We have a four mile back up from a crash that cleared out of the way. The delays remain. We pushed it out on the nbc washington app and tweeting as well. A mess. Take 95 as alternate. Brunswick signal problems on almost all the lines this morning. Running up to 10 minutes behind. A warning there. New crash that popped up 295 northbound at bedding road and one down south at four seasons drive. Just got a report of that accident. Wide look at things overall. No major problems into town and out of town. You can see the bw p