Saudi aramco ahead of the market debut and the Worlds Largest ipo. And masa son speaking out. Worldwide exchange begins right now. Good morning and welcome to the show, fs friday, december 6. Im in for Brian Sullivan who is in vienna, austria hell have the latest in a few moments. Lets take a look at what is happening with stocks. Major averages are lower for the week the dow is on track for the worse Weekly Performance since midaugust but things are shaping up positively. The dow will open up about 75 points s p up by 8 points and the nasdaq up by 29. Ticki ticking slightly hire 1. 797 two year at 1. 59 . The nikkei up a quarter of one percent. Shanghai half a percent as well. 1 gains for the south korean kospi. Posting biggest weekly events. And in european trade, a big miss in Industrial Production seeing the biggest drop since april falling 7. 7 estimates were calling for 0. 3 rise ftse 100 in the uk up three quarters of one percent. Looking at top stories today insurance giant Pho
York times. Their poll shows two out of three do not trust her. That scandal is hurting. And this one wont go away either. The Supreme Court is now a political institution. Justice Ruth Bader Ginzburg defined the own code of conduct and taken sides in the election publicly. A politicized Supreme Court, a compromised attorney general, and al sharpton, you may ask what is happening to our country. Varney company is about to begin. The markets, you are going to like this. The dow closed at 18,372. It will open around 18,500. What a rally, keeps going, doesnt it . Lets cut through the jargon. I want to get to the point with market watcher dr barton who is telling us straight, why are we going up like this . I believe weve left the yoyo market and hit a goldilocks market. What i mean by that, everything is just right. The global economy, theres no new bad news coming in. The Central Banks are doing everything that eastern wants to. England last night made a good decision. Yaip is putting in
Here at the New York Stock Exchange. We will discuss whether the oip ipo market has gone flat. Netflix getting crushed after disappointing earnings last night. The shares are down nearly 8 on the session today. Someone who says the valuation still ridiculously high and he will tell us why coming snup lots of volatility on that one lately. A Sports Equipment Company Investing in new technology that it says could change the landscape for concussion injuries that we have all been focusing on so much recently. We have the ceo of this company, performance sports group, to explain the technology and the potential in the Business World coming up. Then after the bell, barney frank and larry kudlow together and both here at the New York Stock Exchange to discuss whether democrats are becoming too much of an lets start with first datas first day of trade. Bob pisani standing by. The payment processors post right behind us, not doing is well today, bob. The good news is it got done and they i had
Matter which company picks up the trash, people will pay the same monthly rate about 36 a month, 7 more a month than now. Theres a lot of drama in between that in really the last day i can probably say this is probably a much better contract than what we had. Reporter cws supporters says the city is sending the wrong message by allowing what they called a bully to have its way. When it gets hard, do you buckle . No. You dont buckle you stand strong reporter my source also says in the latest contract, it says if cw plans to sell its business, they would have to sell it within the next year. They would have to sell it first to waste management. It would have the first option. I reached out to waste management. It would not respond to those accusations. Waste management would only say they are working with the city of oakland and cws toward a resolution. Thank you. City council will vote monday on whether to give the 1 billion trash contract back to waste management. Call for a criminal i
Noelle bellow, our top story this afternoon. Its been a big problem for the last couple of years. Drivers across the bay area falling victim to these catalytic converter thefts. Now, governor gavin newsom is taking a new approach to try and stop them from happening conference. Charles clifford joining us live now with more on the new bill. Charles. Yeah, you know, kelly, converter thefts have been an increasing problem for the last couple of years. Weve seen all kinds of videos that people just going to peoples driveways, jack up their cars, cut out the converters and take off and just take seconds to steal one. And those catalytic converters Precious Metals like platinum and palladium, which thieves can sell off, make hundreds of dollars per catalytic converter. So the governor has signed 2 bills that aim to disrupt that market for those stolen goods. Under the new laws, businesses that recycle converters must now keep detailed records, including the year make model and a copy of the