Clocks i dont think it is haunting. It is always going to be something that happened. You have a very clean conscience. The reason is i know i did my job right. Wilson is the subject of a Justice Department investigation. Prosecutors say the government is unlikely to charge him with violating the shooting over civil rights. In hong kong, prodemocracy protesters and one of the biggest shows of force in two months. They cleared a key protest site and attain student leaders. Detained student leaders. Saudi arabias oil minister says theres no need for opec nations to reduce output. He said Falling Crude prices will stabilize on their own. Opec nations meet tomorrow in vienna. The meeting discussions failed to result in cuts. Oil prices down 30 since june. Amazon says forget about black friday, think couch commerce. The first time, amazon is offering holiday deal that you can only get on your table or off your smart phone. Ate will be announced midnight tomorrow. Thanksgiving has become the
Are getting more data with the jobs report friday. This is the beginning of a lot of good data. 10 00, pending home sales. Home stuff has been squishy, back and forth the past few months. You get a good month, a bad month. Pending home sales at 10 00. Obama is welcoming indias Prime Minister and 8 30. What is curious is he was central he was at central park this weekend for that big concert and moved a lot of people. He is like a rockstar. Tom, you were way ahead when he got elected. You saids is this matters. That is where i got the idea from. Hostingesident obama is Prime Minister modi at the white house, we have mr. Prudent hosting the mr. Putin hosting netanyahu atnjamin the u. N. , addressing the u. N. Today. 1 launches in china. Is that a big deal . It is because it is the first time they are allowing it to be sold legally great now you are allowed to do it. Standing out in front of the xbox store. Lets do a data check. Equities, bonds, currencies, commodities. Eight. At negative
Italy france, and spain fell. European stocks hit a sevenyear high. The euro is at its weakest against the dollar. In greece, the antitrust area party shows theres a sixpoint lead over the new Democracy Party. They have vowed to abandon austerity measures. Lees hutchinson is in talks to buyo o2 from telefonica. A deal would create the largest mobilephone carrier. Turning to the nfl. Looking for the culprit in the case of the deflated footballs. It is not tom brady, that is what brady says. He professed his innocence yesterday. I feel like i always play within the rules. I would never do anything to break the rules. I respect the league and everything they are doing. His coach says he was shocked to hear that the balls had been under inflated. Shocked. I go with troy a man. He says it is impossible for a ball to have been deflated and a quarter bar and the quarterback not know about it. You have a great lineup of guest. I will hand it back to you. We do. The irrational exuberance. Rober
Economic data in the u. S. , at mba0, we have the weekly , Mortgage Applications. 10 00, new home sales. He and earnings meanwhile, we lowes, target, ch, andmbie and fit after the bell there are earnings at jcpenney. Per share, 29 cents, which appear to miss the consensus which was ready one cents. Comparable sales from blows, the Home Improvement retailer, up 3. 9 . Analysts were looking for an increase of 4. 2 . In terms of the full year earnings per share estimate, also coming in lighter. Analysts were looking for 2. 64. It looks like ms from lowes after home depot came out was betterthanexpected numbers. It has been little soggy so far all in all. A 5 billion Share Buyback program. The buyback authorization is 6. 3 billion as of january 31. That has been a big story with Corporate Cash right now at near alltime highs, 4. 8 of total access use the cash. Robert nardelli in our next hour. We will also focus on the jpmorgan article in the ft this morning about the billions of dollars a
Raising 75 basis points as expected, the Fourth Meeting in a row theyre doing that it is interesting though the statement added this line, saying that the fed anticipates ongoing rate increasing will be appropriate to get inflation back to the 2 foal. Then the statement says this, in determining the pace of future increases in the target range the committee will take into account cumulative tightening Monetary Policy, the lags which Monetary Policy affects the Economic Activity and inflation in economic and financial developments. The Federal Reserve statement says they will see modest growth. They have seen that spending, production, job gains, has been robust. Inflation is elevated saying it is elevated because of supply and demand imbalances mainly due to the pandemic with higher food and energy prices. The statement says the war in ukraine is putting that upward pressure on inflation and the fed indicates that they want to continue the rate of Balance Sheet runoff on the predetermi