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Good buy into early end and maybe beyond. But lets start with todays rally. Joining our exchange today is jim kahn, sarge gilfoy, and Rick Santelli at the cme. Rick, im going to start with you if i may ahead of the fed meeting tomorrow weve got a bit of a stealth rally in the pound the pound. The dollar over the last week or so including a little bit today how many rate hikes over the next 13 months are priced in you know, i dont know that much of the dollar activity that were seeing today is necessarily predicated on what investors think about 2018 whether its two, three, some are saying four. I really think its more of a function of the u. S. Market kind of bucking the trends of europe, the spreads of our treasuries especially the long end is distancing itself from the yields of the long end of europe and as that occurs, if you were to put that on a chart, the differential at 210 basis points seems to be one of the factors that c ....
Recovers. No one knows why. The question is was it all the algos . Emma chandra is here with first word news. Vladimir putin will have one less opponent in march. Russian officials formerly formally barred the Opposition Leader from running because of a conviction in a fraud case which has been viewed as political retribution. He could have run if his conviction had been canceled. A Spokesman Says the kremlin is concerned about the possibility the u. S. Might extend sanctions against russia. That took effect in august calls for the treasury to compile a list of business asders of the Companies Seen close to the kremlin as potential targets for sanctions. Last week the u. S. Added the names of several prominent russians to the list. Almost a year into Donald Trumps ....
Hour the major averages have been Holding Steady on light trading. It is a holiday shortened week the dow transport setting another record high. Oil moving big crude and brent crude. Apple shares taking a hit down more than 2 thats the biggest drag on the dow. Reports of iphone x sales are slowing. Mallinckrodt up. Intel down intel will lose the crown as the number one chip maker for the first time in 21 years to samsung. Amazon saying it had its biggest season ever. The echo dot the top selling product across the categories and many factors we begin with retail the day after christmas is one of the biggest for returns. Kate rodgers checking out all the deals in west nyack, new york reporter retailers definitely have something to cheer about. New data out from master card showing that retail sales from november 1 gs through Christmas Eve were up 5 that is the fastest pace sinc ....
Have the upper hand with the democratses shut down the government if they dont get their way. Well see. Big show today, youll be shocked to learn just how much federal bureaucrats make the people who control our lives are laughing all the way to the bank. And business is on notice you got what you wanted. Now you have to invest in america. And heres another shot coming your way. The weather is going to get even colder. You know ive got to love doing this show. I came back from south florida they for this. Varney company is about to begin. Wow. The bitter cold continues. Frigid temperatures spread all across the country. Will you look at those windchills please, just look at that. And by the way, a big storm is expected to ham orer east coast all the way from georgia to e maine some forecasters calling this storm a bomb cyclone. Because its pressure is predigitted to fall so fast and bring heavy snow very, very quickly. Bomb cyclone theres a headline for you if theres even snow in the f ....
Three billboards cleaning up at the Golden Globes it was the women at hollywood taking the spotlight bringing the me too Movement Center stage. Well have a full wrapup coming up i actually saw three billboards we watched it christmas day. I kind of slept through it not because it wasnt a great movie. I had eaten too much. Food coma. I didnt understand it. Ill see it again. There you go. Lets check in on the Global Markets this morning futures are still a mix. The dow and nasdaq up 0. 7, 0. 8 the s p and dow up 2. 5 . Ten year treasury note, getting the yields right over the course of the week including on friday ending the week 2. 47 where we sit at the moment. It was the short end of the curve that moves higher. We had the two year, 1. 95 on fridays close the highest since 2008 more flattening of the curve last week. As ....