High. Our roadmap begins with the trump stock market, the president signaling some support for a border adjustment tax. Futures point to a lower open. Can the dow continue the longest winning streak since 87 . Plus, well keep our eyes on retail. Nordstrom shakes off trump tweets, but jc penneys turnaround seems to have stalled. The retailer is closing 140 stores. And a big 10 revenue decline at Hewlett Packard enterprises. Meg whitman is going to join us live. First up, futures lower after the dow hit that new win streak ten days in a row after the president gave an interview to reuters following his day with manufacturing ceos. He says, quote, i certainly support a form of tax on the border, could lead to a lot more jobs in the United States. Of course in january he said it was too complicated. Sean spicer yesterday pushed back on the idea that it would result in Rising Consumer prices. Who knows. Did immelt get his ear in that meeting yesterday . I dont know. Interest rates keep goin
Territory closing up 11 points. Thats an 11day streak of record highs. Most of my staff hadnt been born since we saw a streak that long. It nasdaq closed 0. 17 up. Nevertheless, i think top calling is going to be a constant refrain from here on in after the remarkable run weve had since the election. Some of the get out and out calls will be id logically driven. Some will be valuation driven. Some of them will be plain old, i cant take it anymore driven. I come with this top stuff in a totally different way. Almost an antediluvian way frankly. I think about stocks as individual companies and the market a conglomeration of those compa companies. I do a game plan about individual stocks on every friday. Otherwise, it might as well be all about roulette where we bet on black to go up and red to go down and double zero for a crash. If that were the case, id simply come out here on friday evenings and read from the gambler every night and then retire when we finish that fabulous novel. Alth
CBRE Group: "Leasing outperformed expectations, driven by office leasing growth globally," CBRE CEO Bob Sulentic said. The company s global leasing revenue rose 4%, led by a 9% growth in Asia-Pacific.