1 trillion in market value last week and things are really starting off rocky for several stocks in the magnificent seven. A potential tiktok band causing a titfortat with china, the ccp responded hitting u. S. Tech companies and ill talk with reach public and cognizant cory mills on why he voted against both ukraine and israel aid all that and more this hour. Welcome to cavuto coast to coast i am Edward Lawrence and for neil cavuto. Tack on deck, investors are waiting key earnings from the magnificent seven, lets get to read from the Asset Management cio scott martin an expert press the io dave. Dave i want to get to you and start with the dow today, the chart looks like the california adventure, what is going on now are edging back up again. I think there is a lot of mixed signals. I dont know any other way to look at it. Yup so much uncertainty on so many other fronts but maybe not as much as the market fell last week. It seems we pattern answer on rates, theyre knocking to go down
those numbers supposedly corresponding to safe areas, but the reality is people don t have power or internet communication, or at least it s intermittent. and so, very often, they have no idea where to go. earlier, i spoke with our diplomatic correspondent, paul adams, injerusalem and asked what sorts of warnings the israelis are sending to the people of gaza. they re basically saying that if you are living in an area just to the east and north of khan younis, one of the largest cities in the southern part of the gaza strip, then you need to move west and get out of the way. that map you re seeing there on your screen, that red dotted line is the salahadin street, which runs throughout the gaza strip from north to south. and that area, that red dotted area is a stretch of the road that the israelis are saying palestinians should not get anywhere near. at the bottom end of that dotted line is the city of khan younis. the yellow orange line is saying this is the alternative rou
Great to have you here, seema. Lets get straight to the Global Market picture this morning. Coming off a week of gains we saw over a percent of gains for the nasdaq last week, just under a percent for the s p and dow. Very thin volumes on the friday morning of trade and no trade on thanksgiving thursday. This morning we are expected to open a little bit higher but just fractionally. The nasdaq up 7 points the dow 6. S p up about 1. 5 . We didnt see that Much Movement last week compared to prior weeks, but in general its been a similar theme over the last two or three weeks, and that is a very flattening yield curve. Its going up and longer coming down on be the ten year at 2. 35 this morning. If we pivot to asia where stocks ended lower specifically in china down nearly 1 , this after notching its biggest one day fall in 17 months on thursday, a lot of traders are attributing this to fears in the bond market, the fact bond yields climbing above 4 in china last week, so clearly a situat
And i mean it doesnt have of that hitting us, so mike four wheel drive, thats masco outside, and you just probably why. So i mean just be careful when got some new information about youre out there. This nasty noreaster. Thank you very much. So it is after 7 00 guys, have good day, be safer, thanks for taking care, people of we are getting into the wilmington, we appreciate it. Heart of the storm, and i want your welcome. To go over to graphics, because i want to show you so it is after soree . Channel six . What this storm looks like and twentynine, channel 29, also overlay what we are looking in terms every pressure reading, over to yes. After 7 00 we would radar graphics, we will show normally see a lot of people you, there is the storm system out here getting ready to go to work, i think a lot of people decided to go home, maybe their offers is closed sitting 218 miles off atlantic because taking live look at the bus stop, there is nobody city but central pressure at out here right
European economy. Look at the shanghai composite jumping about 1 on the news. Train to sharing the wealth. Lauren tim cook getting to write a 38 billion check. Fbn am starting right now. 5 01 a. M. In new york. Good morning, everybody. Thank you for joining us. Trinity thank you. Im cheryl casone. Ill get some water in just a second. Lauren is there enough time. Lawmakers to work in the shortterm spending bill to keep the government running. Democrats are growing more defiant. The white house optimistic a shutdown can be avoided as negotiations go down to the wire. C. Are getting in the way of an awful lot of things. The latest on the state of play from the permian. Parameters by Republican Leadership call for another kicking at the can down the road. A shortterm Government Spending deal until february 16th. The deal includes funding for their Childrens Health Insurance Program for six years while delaying apothecary taxes. Here at the white house supported by the president that it is