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Funds and the pessimistic strategies want things to go horribly. And theyve been having their way for weeks. Now the situation looks different. Dow gaining another 135 points today, s p climbing 0. 25 and nasdaq jumping also. Hard to fathom how the bears can gain credence. Hard to take them seriously in this kind of tape. Todays typical. We know theres been widespread concern that Cheesecake Factory will be crossed off by the diabetes weight loss drugs, ozempic and its twin wegovy and m mounjaro. Wall street, im sorry, walmart sounded the alarm to wall street saying their volumes are soft and some could be drug related and could be maybe, i dont know, 15 million taking these weight loss drugs. People from jufk food will then mean nothing because this medication eliminates craving, nor does alcohol mean that much though. You still get a buzz but only if you force it down your throat. The walmart call scared the heck out of buyi ....
Slightly in the european markets for this thursday morning. The tenyear note yield crossed that 2. 5 level and now 2. 572 is where we find ourselves with wti firmly above 50 a barrel as well. Lets get to our road map this morning. And it starts with the markets. Of course we are still on 20,000 watch for the dow. Lots of data as well to digest this morning. And in president elect Donald Trumps meeting with defense ceos, what did boeing and lockheed say . And what are they saying now . And two more names familiar to the cnbc audience named to trumps team, carl icahn and Peter Navarro both set to join as advisors to the president elect. The economy grew faster in the Third Quarter than the government originally thought. The final reading up 3. 5 , that is the fastest pace in two years, better than the previous estimate of 3. ....
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