Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Literally lining up to pay their 2018 property taxes. Are we in there somewhere . Do you hear christie made moves today. Did he . He did. In his last couple of days in office yes, apparently well tell you whats going on with that and whether its worth it to pay your property taxes ahead of time because of the tax bill thatll be very interesting. But lets start with how companies are going to be impacted by this tax law, number of corporations have released the impact that they will see, Morgan Brennan has going through those filings, she joins us now with the latest details, morgan. Yeah, thats right, bill, finally getting some hard numbers regarding tax reform or at least i should say the Immediate Impact of tax reforms. Companies readjust their Balance Sheets among the immediate or near term winners which expects the bottom line boost of at least 250 million in the forth quarter, german auto makers expect to see net profit wind falls for 2017, they did add it couldnt quantify the tax
Ecommerce growth that even as they do sends some other packages out through u. P. S. , fedex, logistics and others the vast majority, Something Like twothirds of their packages go the last Mile Delivery to peoples doorsteps through the Postal Service back over to you. Sometimes Postal Service delivers on sunday specifically for amazon, several years ago. Thanks, morgan. Lets talk about this. Are the president s attacks on amazon a sign of bigger issues ahead for the company . Donald, and dave are both with us. Welcome to you both. Tom, you think a strong argument could be made that amazon is getting a sweetheart deal here right . I definitely think if you look at the research ive read, theyre getting as much as a 1. 46 subsidy on a perpackage basis. I do think in the case of the u. S. Postal Service Amazon is definitely getting a sweetheart deal, yes. Donald, what about you . Well, absolutely. You know, the bottom line is the post office is subsidized its Parcel Delivery through its fi
Live from new york where business never sleeps, this is squawk box. Good morning welcome to snark box. And whats new about that andrew is off today sitting in with us for the hour is Peter Boockvar, editor of the boock report very clever. Well done. Boock report yes i like it also a cnbc cribber we have a lot to talk about. Lets start with the u. S. Equity futures. Rattled rattled. Dow was down by 16. The s p was off by 3 nasdaq down by 10. Its the first time the nasdaq and the s p have fallen in 2018 it had a sixday winning streak up to that point well watch things this morning. Right now modest advances with the dow futures indicated up by 20 points. S p up by 4. Nasdaq up by 7 well see. Still early in the session well see as we head towards that opening bell what will happen overnight in asia, stocks in hong kong closing higher for the 13th day in a row, extending the record rining stre inwinning st index. Shanghai up by 3. 2 the dax is the biggest decliners of europe, down by 0. 2
Yeah. The only exposure i have at this point in time is home depot and theyre the one that has battled them really well when you look at the growth they have done online but those that are competing and can go after amazon, because that is the big elephant we talk about it all the time, you look around out there, those that are competing well against them, those stocks are doing pretty well. Look at walmart, look at home depot. Costco to some degree. Im beginning to tihink when do look out on that landscape, you say maybe theres five names before i dont know the thumb goes away, this finger goes away, two or three maybe. Thats what it seems like. Its how quick those have reacted and those who have prepared for some of whats going on in terms of the online competition world. Those that have done that, i still put best buy in that category as well best buy has beat amazon at their own game walmart is doing a great job of competing aggressively when you look at what walmart has done in th